TETRA Technologies, Inc. reported a consolidated revenue of $331.0 million for the first half of 2025, reflecting a 2.5% increase from $322.9 million in the same period of 2024. The company's net income attributable to TETRA stockholders rose significantly to $15.4 million, or $0.12 per share, compared to $8.6 million, or $0.07 per share, in the prior year. The increase in revenue was primarily driven by strong performance in the Completion Fluids & Products Division, which saw a 14.2% rise in revenue to $202.5 million, bolstered by successful projects in the Gulf of America and a robust industrial chemicals business.
In contrast, the Water & Flowback Services Division experienced a decline in revenue, dropping 11.7% to $128.6 million, attributed to reduced onshore activity in the United States and the impact of divesting early production facilities in Latin America. The overall gross profit for the company increased by 22.6% to $91.2 million, with gross profit margins improving to 27.5% from 23.0% in the previous year. This improvement was largely due to higher margins in the Completion Fluids & Products Division, which offset the weaker margins in Water & Flowback Services.
Operationally, TETRA Technologies has been focusing on strategic initiatives to enhance its market position. The company is advancing its development efforts in Arkansas, where it holds rights to significant brine resources, including lithium and bromine. TETRA has also engaged in negotiations for bridging supply agreements with various bromine providers, which are expected to provide flexibility for future plant operations. The company is prioritizing projects that can yield immediate results, such as the TETRA CS Neptune fluids and the TETRA Oasis Total Desalination Solution, which aims to address water treatment needs in the oil and gas sector.
As of June 30, 2025, TETRA Technologies reported total assets of $645.6 million, up from $605.2 million at the end of 2024. The company’s liquidity position remains strong, with $204.5 million available, including unrestricted cash and credit facilities. Looking ahead, TETRA Technologies anticipates continued growth driven by its strategic initiatives and market demand for its products and services, although it remains cautious of potential market volatility and geopolitical risks that could impact operations.
About TETRA TECHNOLOGIES INC
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