TETRA Technologies, Inc. reported a strong first quarter in 2025, with revenue increasing 17% sequentially to $157.1 million and adjusted EBITDA rising 41% sequentially to $32.3 million. This growth was primarily fueled by the Completion Fluids and Products segment, which saw a 35% sequential revenue increase and improved EBITDA margins. The company also generated positive cash flow from operations and free cash flow, despite significant capital expenditures related to its Arkansas bromine facility.
Revenue increased 17% sequentially to $157.1 million and 4% year-over-year.
Adjusted EBITDA surged 41% sequentially to $32.3 million, with a consolidated margin of 20.5%.
Completion Fluids & Products segment revenue increased 35% sequentially and 20% year-over-year, with adjusted EBITDA margins reaching 35.7%.
The company generated $3.9 million in cash from operating activities and $4.2 million in total adjusted free cash flow, including $19 million from the sale of Kodiak Gas Services shares.
TETRA Technologies, Inc. has increased its first half 2025 Adjusted EBITDA guidance to between $57 million and $65 million, up from the previous range of $55 million to $65 million. Revenue guidance is revised to between $315 million and $345 million, from $325 million to $355 million. The company anticipates strong performance driven by the European industrial chemicals seasonal peak, the multi-well deepwater Brazil project, and the completion of the TETRA CS Neptune project.
Visualization of income flow from segment revenue to net income
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