Tetra Technologies reported second-quarter 2026 results with revenue of $185.7 million and adjusted EBITDA of $31.9 million. Income from continuing operations was $10.2 million and adjusted diluted net income per share was $0.08 for the quarter. The company completed a $108 million net equity offering and its Board approved final investment decision for the Arkansas bromine project.

Financial Highlights

  • Revenue: $185.7 million for the three months ended June 30, 2026.
  • Gross profit: $45.7 million (as reported in Consolidated Income Statement).
  • Operating income: $20.1 million for the quarter.
  • Income from continuing operations / Net income: $10.2 million for the quarter.
  • Adjusted diluted net income per share from continuing operations: $0.08; Adjusted EBITDA: $31.9 million.

Business Highlights

  • Deepwater and international revenue reached ten-year highs for the quarter and first half of 2026; consolidated revenue rose 19% sequentially and 7% year-over-year.
  • Launched TETRA Neptune Z-Lite completion fluid and secured a three-well Gulf of America deepwater contract for deployment of Z-Lite.
  • Board approved final investment decision for the Arkansas bromine project; project funding includes $108.2 million net proceeds from recent equity offering and is expected to be completed by Q4 2027 with start-up in early 2028.
  • Progress on TETRA Oasis desalination solution: completed additional engineering for a 100,000 bbl/day plant design and received Notices of Allowance expanding Oasis patent scope for pre-treatment technologies.
  • Segment momentum: Completion Fluids & Products and Chemicals set first-half revenue records; Water & Flowback Services delivered record second-quarter Argentina revenue and expanded international activity.

Original SEC Filing:

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