TTI Reports Record Q3 2025 Results, Raises Guidance

**FOR IMMEDIATE RELEASE**

**TETRA Technologies Shatters Records in Q3 2025, Raises Full-Year Outlook Amid Strategic Growth**

**THE WOODLANDS, TX – October 25, 2025** – TETRA Technologies, Inc. (NYSE: TTI) announced a stellar third quarter for 2025, reporting record revenues and profitability driven by robust demand across its diversified business segments. The company also raised its full-year guidance, signaling strong confidence in its continued performance and strategic initiatives, particularly in the burgeoning lithium and bromine markets.

For the three months ending September 30, 2025, TETRA Technologies achieved a record high revenue of $175 million. This represents a substantial 10% increase from the second quarter of 2025 and a significant 25% jump compared to the third quarter of 2024, highlighting accelerated growth year-over-year.

Financially, the company reported a net income of $15 million, translating to $0.12 per diluted share. On an adjusted basis, which typically excludes certain non-recurring items or non-cash charges to provide a clearer view of operational performance, adjusted net income climbed to $20 million, or $0.16 per diluted share. Another key metric, Adjusted EBITDA, also reached a record $35 million – an impressive 15% increase sequentially from Q2 2025 and a substantial 30% rise from Q3 2024. The company further strengthened its financial position by generating $25 million in free cash flow during the quarter.

Brady M. Murphy, TETRA’s President and CEO, attributed the exceptional performance to strong demand across all business segments. “Our record-breaking third quarter reflects the successful execution of our strategy to leverage our core competencies in specialty chemicals and water management across diverse, high-growth markets,” Murphy stated. “We are seeing significant traction not only in traditional energy but also in emerging sectors like data centers and energy storage, which are driving demand for our specialized products and services.”

Breaking down the segment performance, the Completion Fluids & Products division delivered a record revenue of $120 million and an Adjusted EBITDA of $28 million. This growth was fueled by robust demand for TETRA’s high-purity brines and specialty chemicals, particularly from the rapidly expanding data center and energy storage sectors, alongside continued strength in traditional oil and gas applications.

The Water Management & Flowback Services division also contributed significantly, reporting $55 million in revenue and $7 million in Adjusted EBITDA. This segment demonstrated consistent growth, particularly within the active Permian Basin, where efficient water management solutions are critical for energy operations.

TETRA also made notable strides in strengthening its balance sheet. The company reduced its total debt by $10 million, bringing it down to $150 million, while maintaining a healthy cash balance of $60 million. This prudent financial management results in a net debt of $90 million, improving the company’s financial flexibility.

Looking ahead, TETRA has raised its full-year 2025 guidance, reflecting its optimistic outlook. The company now anticipates Adjusted EBITDA to be between $125 million and $130 million, an increase from its previous estimate of $115 million to $125 million. The Free Cash Flow outlook for the full year also saw a boost, now projected between $60 million and $65 million, up from the earlier $50 million to $60 million range. Capital expenditures for 2025 are expected to be approximately $30 million.

Beyond the strong financial numbers, TETRA is actively progressing on key strategic projects that underscore its long-term growth ambitions. The company’s Arkansas lithium brine project is moving forward, with TETRA currently engaged in discussions with several potential financing partners. Management expects to receive non-binding term sheets by the end of the fourth quarter of 2025, with a Final Investment Decision (FID) targeted for the first quarter of 2026. This project is strategically important as it positions TETRA to become a significant domestic producer of lithium, a critical component for electric vehicle batteries and renewable energy storage, aligning with global decarbonization efforts.

In a related development, TETRA is also targeting an FID for its Magnolia bromine project in the second quarter of 2026. Bromine is a versatile chemical used in a wide range of industries, including flame retardants, drilling fluids, and specialty chemicals, and the Magnolia project aims to capitalize on growing market demand for this essential resource.

TETRA Technologies, Inc., trading as TTI on the New York Stock Exchange, is a geographically diversified oil and gas services company, specializing in completion fluids and products, as well as water management and flowback services, and is increasingly focused on developing sustainable resources like lithium and bromine for the future economy.