TETRA Technologies, Inc. (NYSE:TTI) Q3 2020 Earnings Conference Call November 3, 2020 9:30 AM ET Company Participants Elijio Serrano – Chief Financial Officer Brady Murphy – Chief Executive Officer Conference Call Participants Jim Roumell – Roumell Asset Management Stephen Gengaro – Stifel Joseph Von Meister – Intermarket Operator Good morning, and welcome to TETRA Technologies Third Quarter 2020 Results Conference Call. The speakers for today’s call are Brady Murphy, Chief Executive Officer; and Elijio Ser ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 1-13455 TETRA Technologies, Inc. (Exact name of registrant as specified in its charter) Delaware 74-2148293 (State or Other Jur ...

©2020 TETRA Technologies, Inc. 1 THE MICROCAP RODEO The Best Ideas Bowl October 14, 2020 Forward Looking Statements & Non-GAAP Measures Forward-Looking Statements This presentation includes certain statements that are or may be deemed to be forward-looking statements. Generally, the use of words such as "may," "will," "see", "expect," "intend," "estimate," "projects," "anticipate," "believe," "assume," "could," "should," "plans," "targets" or similar expressions that convey the uncertainty of future events, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 1-13455 TETRA Technologies, Inc. (Exact name of registrant as specified in its charter) Delaware 74-2148293 (State or Other Jurisdic ...

TETRA Technologies, Inc. (NYSE:TTI) Q2 2020 Earnings Conference Call August 4, 2020 9:30 AM ET Company Participants Brady Murphy - Chief Executive Officer Elijio Serrano - Chief Financial Officer Jacek Mucha - Vice President of Finance, Treasurer Conference Call Participants Stephen Gengaro - Stifel Operator Good day and welcome to the TETRA Technologies Incorporated Second Quarter 2020 results conference call. [Operator Instructions] please note this event is being recorded. I would now like to turn the c ...

1 ©2020 TETRA Technologies, Inc. TETRA Technologies, Inc. Stifel 2020 Cross Sector Insight Conference June 8, 2020 Forward Looking Statements & Non-GAAP Measures Forward-Looking Statements This presentation includes certain statements that are or may be deemed to be forward-looking statements. Generally, the use of words such as "may," "will," "see", "expect," "intend," "estimate," "projects," "anticipate," "believe," "assume," "could," "should," "plans," "targets" or similar expressions that convey the unc ...

PART I—FINANCIAL INFORMATION [Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) The company reported decreased revenue but a significantly improved net loss in Q1 2020 compared to the prior year [Consolidated Statements of Operations](index=3&type=section&id=Consolidated%20Statements%20of%20Operations) Q1 2020 operations resulted in lower revenue but higher gross profit and a reduced net loss year-over-year Consolidated Statements of Operations (In Thousands) | Financial Metric | Three Months Ended March 31, 2020 | Three Months Ended March 31, 2019 | | :--- | :--- | :--- | | **Total Revenues** | $222,942 | $243,728 | | **Gross Profit** | $39,417 | $36,210 | | **Loss before taxes** | $(9,077) | $(17,065) | | **Net Loss** | $(10,376) | $(19,100) | | **Net loss attributable to TETRA stockholders** | $(1,551) | $(10,838) | | **Net loss per common share (Basic & Diluted)** | $(0.01) | $(0.09) | [Consolidated Balance Sheets](index=5&type=section&id=Consolidated%20Balance%20Sheets) The balance sheet reflects stable total assets at approximately $1.27 billion alongside a slight increase in total liabilities Consolidated Balance Sheets (In Thousands) | Balance Sheet Item | March 31, 2020 (Unaudited) | December 31, 2019 | | :--- | :--- | :--- | | **Total Current Assets** | $363,980 | $351,354 | | **Net Property, Plant, and Equipment** | $740,247 | $758,637 | | **Total Assets** | $1,269,764 | $1,271,922 | | **Total Current Liabilities** | $195,196 | $188,723 | | **Long-term Debt, net** | $845,842 | $842,871 | | **Total Liabilities** | $1,122,833 | $1,109,096 | | **Total TETRA Stockholders' Equity** | $27,628 | $34,373 | | **Total Equity** | $146,931 | $162,826 | [Consolidated Statements of Cash Flows](index=8&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Operating cash flow increased significantly, while cash used in investing and provided by financing activities decreased Consolidated Statements of Cash Flows (In Thousands) | Cash Flow Activity | Three Months Ended March 31, 2020 | Three Months Ended March 31, 2019 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $22,176 | $7,412 | | **Net cash used in investing activities** | $(10,615) | $(31,726) | | **Net cash provided by financing activities** | $1,138 | $21,312 | | **Increase (decrease) in cash and cash equivalents** | $11,759 | $(3,169) | [Notes to Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) Notes detail divisional performance, a $5.4 million impairment charge, facility shutdowns, and subsidiary debt structures - The company operates through three divisions: Completion Fluids & Products, Water & Flowback Services, and Compression, and consolidates its subsidiary CSI Compressco LP (CCLP)[25](index=25&type=chunk)[27](index=27&type=chunk)[91](index=91&type=chunk) - The company recorded a **$5.4 million impairment charge** related to its Compression Division's Midland manufacturing facility due to the COVID-19 pandemic and declining oil prices[59](index=59&type=chunk) - Subsequent to quarter-end, the company announced plans to **shut down its Midland manufacturing facility and its El Dorado chemical production facility** to rationalize its manufacturing base[93](index=93&type=chunk)[96](index=96&type=chunk) - CCLP, a subsidiary, commenced an exchange offer for its **7.25% Senior Notes due 2022** in April 2020[97](index=97&type=chunk) Segment Performance (In Thousands) | Segment | Q1 2020 Revenue | Q1 2019 Revenue | Q1 2020 Income (Loss) Before Taxes | Q1 2019 Income (Loss) Before Taxes | | :--- | :--- | :--- | :--- | :--- | | Completion Fluids & Products | $75,237 | $61,581 | $19,396 | $6,186 | | Water & Flowback Services | $57,467 | $78,678 | $(2,244) | $2,231 | | Compression | $90,238 | $103,469 | $(12,790) | $(7,801) | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=27&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses market impacts from COVID-19, divisional performance variations, and implemented cost-cutting measures - The COVID-19 pandemic and oil price decline negatively impacted the Water & Flowback and Compression divisions, prompting **reductions in capital expenditures and workforce adjustments**[101](index=101&type=chunk)[102](index=102&type=chunk)[106](index=106&type=chunk) - The Completion Fluids & Products division experienced strong demand, with **revenue increasing 22.2% YoY to $75.2 million**, driven by a TETRA CS Neptune sale[100](index=100&type=chunk)[121](index=121&type=chunk) - The company maintains separate capital structures for TETRA and its subsidiary CCLP, with **$40.8 million and $20.4 million available under their respective credit facilities**[68](index=68&type=chunk)[135](index=135&type=chunk)[136](index=136&type=chunk) Key Financial Metrics | Metric | Q1 2020 | Q1 2019 | Change (%) | | :--- | :--- | :--- | :--- | | **Revenues** | $222.9M | $243.7M | (8.5)% | | **Gross Profit** | $39.4M | $36.2M | 8.9% | | **Gross Profit Margin** | 17.7% | 14.9% | +2.8 ppt | | **G&A Expense** | $30.5M | $34.3M | (10.9)% | [Quantitative and Qualitative Disclosures about Market Risk](index=41&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) No applicable quantitative and qualitative disclosures about market risk were reported for this period - The company states that there are no applicable quantitative and qualitative disclosures about market risk for this reporting period[171](index=171&type=chunk) [Controls and Procedures](index=41&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective with no material changes to internal controls - Based on an evaluation, the CEO and CFO concluded that the company's **disclosure controls and procedures were effective** as of March 31, 2020[172](index=172&type=chunk) - There were **no changes in internal control over financial reporting** during the quarter that materially affected, or are reasonably likely to materially affect, internal controls[173](index=173&type=chunk) PART II—OTHER INFORMATION [Legal Proceedings](index=41&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in ordinary course legal proceedings not expected to have a material adverse impact - The company is a defendant in several lawsuits and governmental proceedings from the ordinary course of business, but management **does not expect a material adverse impact**[175](index=175&type=chunk) [Risk Factors](index=42&type=section&id=Item%201A.%20Risk%20Factors) Key risks include the adverse impact of COVID-19 and potential delisting from the NYSE due to low stock price - The COVID-19 pandemic and oil oversupply have **materially reduced demand** for the company's products and services, negatively impacting financial condition[177](index=177&type=chunk)[178](index=178&type=chunk) - On March 26, 2020, the company was notified by the NYSE of **non-compliance with the minimum $1.00 average closing price requirement**, facing potential delisting[181](index=181&type=chunk)[182](index=182&type=chunk) - The company is also at risk of violating other NYSE listing criteria, such as the **minimum average market capitalization requirement of $15.0 million**[184](index=184&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=43&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No shares were repurchased under the formal program, though some were acquired via employee equity awards - **No shares were purchased** under the publicly announced repurchase program during the quarter; 73,436 shares were acquired in connection with employee equity awards[186](index=186&type=chunk)[187](index=187&type=chunk) - As of March 31, 2020, approximately **$14.3 million remains available** for future repurchases under the authorized stock buyback program[186](index=186&type=chunk) [Defaults Upon Senior Securities](index=43&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) No defaults upon senior securities were reported during the period - None[188](index=188&type=chunk) [Mine Safety Disclosures](index=43&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) No mine safety disclosures were reported for the period - None[189](index=189&type=chunk) [Other Information](index=43&type=section&id=Item%205.%20Other%20Information) No other information was reported for the period - None[190](index=190&type=chunk) [Exhibits](index=44&type=section&id=Item%206.%20Exhibits) This section lists filed exhibits, including required CEO/CFO certifications and interactive XBRL data files - The exhibits filed with the report include **certifications from the CEO and CFO** as required by the Sarbanes-Oxley Act of 2002[192](index=192&type=chunk) - **Interactive data files (XBRL)** containing the company's financial statements and notes are also included as exhibits[194](index=194&type=chunk)

TETRA Technologies, Inc. (NYSE:TTI) Q1 2020 Earnings Conference Call May 5, 2020 9:30 AM ET Company Representatives Brady Murphy - Chief Executive Officer Elijio Serrano - Chief Financial Officer Jacek Mucha - Vice President of Finance, Treasurer Conference Call Participants Stephen Gengaro - Stifel Praveen Narra - Raymond James Operator Good morning and welcome to the TETRA Technologies, First Quarter 2020 Results Conference Call. The speakers for today's call are Brady M. Murphy, Chief Executive Officer; ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO . COMMISSION FILE NUMBER 1-13455 TETRA Technologies, Inc. (Exact name of registrant as specified in its charter) Delaware 74-2148293 (State or Other Jurisdiction ...

TETRA Technologies, Inc. (NYSE:TTI) Q4 2019 Results Conference Call February 27, 2020 10:30 AM ET Company Participants Brady M. Murphy - CEO Elijio Serrano - CFO Jacek Mucha - VP, Finance and Treasurer Conference Call Participants Stephen Gengaro - Stifel Praveen Narra - Raymond James Ryan Pfingst - B. Riley FBR Operator Good morning and welcome to TETRA Technologies Fourth Quarter and Full Year 2019 Results Conference Call. The speakers for today's call are Brady M. Murphy, Chief Executive Officer; Elijio ...