TETRA Technologies, Inc. (NYSE:TTI) Q3 2022 Results Conference Call November 1, 2022 10:30 AM ET Company Participants Brady Murphy - CEO Elijio Serrano - CFO Conference Call Participants Stephen Gengaro - Stifel Tim Moore - EF Hutton Martin Malloy - Johnson Rice Operator Good morning, and welcome to TETRA Technologies Third Quarter 2022 Results Conference Call. The speakers for today's call are Brady Murphy, Chief Executive Officer; and Elijio Serrano, Chief Financial Officer. [Operator Instructions] Please ...

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, 2022 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 ...

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, 2022 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 ...

Financial Data and Key Metrics Changes - For Q2 2022, revenue grew 8% sequentially and 38% year-over-year, with adjusted EBITDA of $18.7 million, a decrease of $1.8 million sequentially due to various charges [13][44] - Cash from operating activities was $17.9 million, an improvement of $11.9 million sequentially, exceeding pre-pandemic results [14][48] - Adjusted earnings per share was $0.05 compared to $0.06 in Q1 and a loss of $0.02 in Q2 of the previous year [43] Business Line Data and Key Metrics Changes - Water & Flowback Services revenue increased 16% sequentially and 75% year-over-year, with adjusted EBITDA margins of 15.1% [26][27] - Completion Fluids & Products revenue increased 2% sequentially, but adjusted EBITDA decreased by $4 million, with margins at 23.7% compared to 26.1% in Q1 [33][34] Market Data and Key Metrics Changes - The European chemical business was impacted by supply chain disruptions due to the Russia/Ukraine conflict, but still achieved 24% adjusted EBITDA margins [10] - The offshore and deepwater markets are showing signs of a multiyear growth cycle, supported by a forecasted 5-year high in subsea tree orders in 2022 [11] Company Strategy and Development Direction - The company is focusing on low carbon energy markets, which require critical minerals and chemistry expertise, creating significant growth opportunities [40] - Plans to execute a preliminary economic assessment for bromine and lithium extraction, with expectations for completion by year-end [24][84] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating inflationary pressures and supply chain disruptions, with technology investments yielding growth opportunities [39][41] - The company anticipates continued demand for its products, particularly in the Water & Flowback segment, despite limited frac crew capacity [76] Other Important Information - Total debt outstanding was $153 million at the end of June, down from $222 million in 2019, with a net leverage ratio improved to 1.7x [53] - Liquidity at the end of Q2 was $103 million, the highest since 2019, indicating strong cash management [54] Q&A Session Summary Question: Potential of calcium chloride in lithium extraction - Management confirmed that calcium chloride is being used by an international lithium provider, with encouraging results and potential for broader application [62] Question: Supplier outlook for Finland calcium chloride production - Management acknowledged the fluid situation due to the Russia/Ukraine conflict but expressed optimism about resolving supply issues [65][66] Question: Third quarter expectations for fluids business - Management expects a typical seasonal drop-off in Northern Europe but anticipates offsetting factors from increased sales in other areas [72] Question: Progress on low carbon initiatives - Management is engaged with CarbonFree and remains optimistic about future projects, although timelines for announcements are uncertain [95] Question: Direct lithium extraction technology viability - Management expressed confidence in adapting direct lithium extraction technology for Arkansas, despite current commercial applications being limited [119]

©2022 TETRA Technologies, Inc. 1 TETRA Technologies, Inc. May 2022 Disclaimer Forward-Looking Statements The information in this presentation includes "forward-looking statements." All statements, other than statements of historical fact included in this presentation, regarding our management, strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this presentation, the words ...

TETRA Technologies, Inc. (NYSE:TTI) Q1 2022 Earnings Conference Call May 3, 2022 10:30 AM ET Company Participants Brady Murphy - CEO Elijio Serrano - CFO Conference Call Participants Stephen Gengaro - Stifel Samantha Hoh - Evercore ISI Operator Good morning and welcome to TETRA Technologies' First Quarter 2022 Results Conference Call. The speakers for today's call are Brady Murphy, Chief Executive Officer; and Elijio Serrano, Chief Financial Officer. All participants will be in listen-only mode. [Operator I ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 Delaware 74-2148293 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) 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 March 31, 2022 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 TET ...

Financial Data and Key Metrics Changes - For the year 2021, the company delivered $50 million of adjusted EBITDA on $388 million in revenue, achieving positive free cash flow and significantly reducing total debt outstanding [7][19] - Fourth quarter revenue was $113 million, representing a 19% sequential growth and a 50% year-on-year increase [8] - Adjusted EBITDA margins improved to nearly 13% for the year, with a 200 basis points increase from the third quarter [7][9] Business Line Data and Key Metrics Changes - Water & Flowback revenue for the fourth quarter was $53 million, increasing 14% sequentially and 70% year-on-year, with adjusted EBITDA margins of 12.9% [9][11] - Completion Fluids & Products revenue increased 23% sequentially and 36% year-over-year, with adjusted EBITDA margins of 20.4% [12] - The company expects further double-digit growth in the first quarter of 2022, driven by recovering oil and gas markets and strong chemical sales [13] Market Data and Key Metrics Changes - The Eastern Hemisphere energy services revenue more than doubled from Q3, indicating improved international market activity [12] - The company noted a significant recovery in the US rig count and active frac fleet count, which were down 29% and 36% sequentially, respectively [9] - Argentina is highlighted as a strong market, with new contracts and projects expected to positively impact revenue [10] Company Strategy and Development Direction - The company is focused on low carbon energy initiatives and has formed a partnership with Eos Energy to supply high-purity zinc bromide for energy storage systems [15][16] - The company is exploring opportunities for grants and low-cost loans from the Department of Energy to support its low carbon energy initiatives [24] - The company aims to expand its market share in water management and flowback services, particularly through its proprietary Sandstorm technology [10][44] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about surpassing the adjusted EBITDA margin target of 15% earlier than anticipated due to ongoing improvements in the Water & Flowback Services business [11] - The company is well-positioned for a recovering oil and gas industry and is optimistic about growth in the energy transition market [7][27] - Management acknowledged the challenges posed by inflation and global logistics but expects to recover costs through pricing improvements [33] Other Important Information - The company reduced its term loan by $13 million in the fourth quarter, resulting in a 26% reduction in total debt outstanding [23] - The company expects to receive $3.75 million in cash proceeds from an insurance claim related to hurricane damage, which will further improve liquidity [25] Q&A Session Summary Question: Clarification on Eos partnership revenue correlation - Management indicated that they expect their revenue from PureFlow to increase proportionately with Eos's revenue growth, although specific percentages were not disclosed [30][31] Question: Impact of inflation on Completion Fluids margins - Management acknowledged a small drop in margins due to inflation-related costs but expects improvements in Q1 as pricing adjustments are implemented [32][33] Question: Market share and growth in Water & Flowback business - Management confirmed that they are gaining traction in pricing and technology, aiming for a 15% margin target for the Water & Flowback business [38][44] Question: CapEx plans for expanding water business - Management stated that most CapEx is directed towards Sandstorm-related projects and early production studies in South America, with a focus on achieving quick paybacks [41] Question: Extraction of minerals from produced water - Management discussed the growing interest in extracting key minerals from produced water, indicating potential commercial viability [46][47]

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, 2021 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) Q3 2021 Earnings Conference Call November 2, 2021 10:30 AM ET Company Participants Elijio Serrano - CFO Brady Murphy - CEO Conference Call Participants Stephen Gengaro - Stifel Samantha Hoh - Evercore ISI Operator Good morning, and welcome to TETRA Technologies Third Quarter 2021 Results Conference Call. The speakers for today's call are Brady Murphy, Chief Executive Officer; and Elijio Serrano, Chief Financial Officer. All participants will be in a listen-only mode. [Ope ...