TETRA Technologies(US:TTI) Prnewswire·2025-10-28 21:00Core Insights - TETRA Technologies reported a strong financial performance in Q3 2025, achieving a ten-year high adjusted EBITDA of $93 million for the first nine months, with Q3 adjusted EBITDA at $25 million and a margin of 16.3% despite challenges in the U.S. onshore oil and gas markets [2][4][6] Financial Performance - Revenue for Q3 2025 was $153 million, an 8% increase year-over-year, while adjusted EBITDA rose by 7% to $25 million [6][5] - Net income before taxes was $8.1 million, remaining flat year-over-year, with earnings per share at $0.03 and adjusted earnings per share at $0.04 [6][5] - The company ended Q3 with $67 million in cash and a net leverage ratio of 1.2 times trailing twelve-month adjusted EBITDA [3][24] Segment Performance - Completion Fluids & Products revenue increased by 39% year-over-year, with adjusted EBITDA margins reaching 30.5% [7][3] - Water & Flowback Services revenue decreased by 2% sequentially but saw an 18% decline year-over-year, with adjusted EBITDA margins improving to 11.9% due to cost control measures [9][3] Growth Initiatives - TETRA is advancing its Arkansas bromine processing facility, with an investment of $28 million and plans for full operational capacity by the end of 2027 [3][12] - The company is also focused on battery electrolyte production, anticipating significant revenue growth as Eos Energy ramps up deliveries from its automated production line [20][8] Full Year Guidance - For the full year 2025, TETRA expects GAAP net income before taxes to be between $19 million and $27 million, with adjusted EBITDA projected between $107 million and $112 million [4][6]