TETRA Technologies Inc. FY Conference Summary Company Overview - TETRA Technologies Inc. (NYSE: TTI) has been in business for over 40 years with a market cap slightly over $600 million and an enterprise value of slightly over $700 million [3][2] - The company operates primarily in two core segments: water and flowback services, and oil and gas deepwater completion fluids [3][4] Core Business Performance - TETRA's margin performance has improved steadily over the years, even during the COVID-19 pandemic when many in the oil field services sector struggled [4][7] - The completion fluids segment has achieved EBITDA margins of 34%, while the water and flowback business maintains margins in the low teens [7][9] - Total revenue for the last year was around $600 million, with EBITDA of approximately $100 million and free cash flow of around $50 million [10] Growth Initiatives - TETRA is focusing on expanding into adjacent markets leveraging its chemistry know-how from its core businesses [10] - The company has a long-term supply agreement for elemental bromine, which is being used in battery storage technology in collaboration with EOS Enterprises [11][12] - EOS expects to achieve 8 gigawatts of battery storage production, which could represent revenue to TETRA of up to $250 million [12][15] Water Treatment and Desalination - TETRA is developing technology to treat and desalinate water for various uses, including crop irrigation and surface discharge [13][20] - The company has identified a market of approximately 6 billion barrels of water being disposed of, presenting a significant opportunity for water treatment solutions [19] - TETRA's business model includes charging operators a fee for water treatment, which ranges from $1.50 to $2 per barrel [21][22] Mineral Extraction Opportunities - TETRA owns mineral rights to 40,000 acres in the Smackover formation, which is rich in lithium and bromine [22][24] - The company is positioned to extract critical minerals such as iodine, magnesium, and lithium from brine, creating new revenue streams [22][24] Financial Performance and Outlook - Despite a slowdown in the oil and gas sector, TETRA reported record revenue in the first half of the year, with EBITDA margins for its fluid segment between 36-37% [25][26] - The company has improved its balance sheet, reducing debt and maintaining a net leverage ratio of 1.2 times, with $68 million in cash available for investment [26] - TETRA is guiding for revenue and EBITDA to be above 2024 levels, indicating confidence in its growth initiatives [29][30] Strategic Board Enhancements - TETRA has added board members with expertise in chemical, specialty materials, and clean technology to support its transition into new markets [28] Upcoming Investor Day - An Investor Day is scheduled for September 25 at the New York Stock Exchange, where TETRA will outline its growth targets and financial projections for the future [30][31]

Core Insights - Fuel Tech, Inc. is scheduled to present at the H.C. Wainwright 27th Annual Global Investment Conference from September 8-10, 2025, in New York City [1] - The presentation will take place on September 9, 2025, at 1:00 pm Eastern Time, with a live webcast available on the company's website [2] Company Overview - Fuel Tech specializes in advanced engineering processes for emissions control systems and water treatment technologies, serving utility and industrial applications [1][3] - The company is a leader in nitrogen oxide (NOx) reduction and particulate control technologies, with over 1,300 installations worldwide [3] - Fuel Tech's FUEL CHEM technology enhances the efficiency and environmental performance of combustion units by addressing issues like slagging and fouling [3] - The company's water treatment technologies include DGIDissolved Gas Infusion Systems, which utilize patented methods for delivering supersaturated oxygen solutions for various applications in water and wastewater industries [3] - Fuel Tech's products leverage advanced Computational Fluid Dynamics modeling and high-end visualization software to optimize performance [3]

Company Overview - Fuel Tech, Inc. is a technology company specializing in emissions control systems and water treatment technologies for utility and industrial applications [3] - The company is recognized for its advanced engineering processes and has installed solutions on over 1,300 utility, industrial, and municipal units globally [3] - Fuel Tech's proprietary technologies include nitrogen oxide (NOx) reduction and particulate control, as well as water treatment technologies like Dissolved Gas Infusion Systems [3] Upcoming Events - Chairman and CEO Vince Arnone will present and conduct one-on-one meetings with investors at the Sidoti Micro-Cap Virtual Investor Conference on May 21-22, 2025 [1] - The presentation is scheduled for May 22, 2025, at 3:15 PM Eastern Time, and will be accessible via a live webcast on Fuel Tech's website [2]

Core Insights - Fuel Tech, Inc. reported a strong first quarter performance for 2025, with consolidated revenues increasing by 29% to $6.4 million compared to $5.0 million in Q1 2024, primarily driven by a 92% rise in FUEL CHEM® revenue [4][6][8] - The company achieved a gross margin of 46.4% in Q1 2025, up from 40.9% in Q1 2024, reflecting improved performance in the FUEL CHEM segment [5][6] - The backlog for the company grew by 66% to $10.3 million, marking the highest quarterly backlog since 2022, indicating strong future demand [2][6][7] Financial Performance - FUEL CHEM segment revenue rose 92% to $5.1 million from $2.6 million in Q1 2024, attributed to outage completions and increased dispatch [8][20] - Air Pollution Control (APC) segment revenue decreased to $1.3 million from $2.3 million in Q1 2024, primarily due to timing of project execution [7][20] - The net loss for Q1 2025 was $(739,000), or $(0.02) per share, compared to net income of $281,000, or $0.01 per share in Q1 2024, which included a one-time other income amount [6][17] Operational Highlights - The company expects continued strong performance from the FUEL CHEM segment throughout 2025, driven by the return to full operation of base accounts and new commercial accounts [3][6] - Management is pursuing additional FUEL CHEM opportunities both domestically and internationally, with a new demonstration of TIFI® technology expected to commence in late Q3 2025 [3][6] - The company plans to demonstrate its DGI® technology at a fish hatchery in the Western U.S. late in Q2 2025, with hopes of generating commercial revenues in 2025 [3][6] Financial Condition - As of March 31, 2025, the company had $31.2 million in cash, cash equivalents, and investments, with no long-term debt [2][9] - The consolidated gross margin for Q1 2025 was 46.4%, reflecting a strong contribution from the FUEL CHEM segment [5][6] - Selling, general and administrative expenses remained flat at $3.3 million, but as a percentage of revenues, they declined to 52.4% from 67.5% in Q1 2024 [5][6]