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TETRA Technologies (TTI) investor relations material
TETRA Technologies Investor presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Strategic direction and growth initiatives
2025 marks a pivotal year with ramping sales of Pure Flow electrolytes for battery energy storage and progress in water treatment and bromine projects.
The company is advancing commercial water desalination solutions and expanding automation and international reach in water services.
The Arkansas bromine project is a critical growth driver, targeting $230M incremental revenue and $105M incremental EBITDA at full production, with a 62% IRR.
Over 40,000 acres of mineral-rich brine leases in Arkansas support future lithium and bromine extraction opportunities.
The 2030 plan targets a shift to higher-value specialty chemicals, minerals, and water treatment, aiming for $1.2B revenue and $325M adjusted EBITDA.
Financial performance and outlook
Trailing twelve months (TTM) revenue as of Q3 2025 is $619M, with adjusted EBITDA of $116M and an 18.7% margin.
2025 revenue guidance is $620–630M, with adjusted EBITDA expected between $107–112M.
Net debt stands at $114M, with a net leverage ratio of 1.2x and liquidity of $208M as of September 2025.
Base business free cash flow is projected to exceed $50M, with $49M achieved in the latest TTM.
Adjusted EBITDA margins for Completion Fluids & Products reached a 10-year high at 33.1%.
Business segment highlights
Completion Fluids & Products generated $362M TTM revenue, with 60% from completion fluids and 40% from industrial chemicals.
Key growth drivers include deepwater oil & gas completions, global GDP, and expansion in bromine capacity.
Industrial chemicals revenue is growing faster than GDP, with a strong calcium chloride business and emerging lithium extraction opportunities.
Water & Flowback Services are leveraging automation and international contracts, notably in Argentina, to drive revenue and margin improvement.
Produced water recycling and desalination technologies are recognized for innovation and target large addressable markets in the Permian Basin.
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