Key Highlights

  • TTI reported third quarter 2026 Revenue of $167.951 million versus $153.239 million a year earlier, up 9.6% (calculated).
  • Net income attributable to stockholders was $6.8 million, or $0.05 per diluted share, versus $4.2 million, or $0.03.
  • Revenue fell 9.5% from the second quarter's $185.7 million on seasonally lower European calcium chloride sales.
  • Nine-month Net Income rose 30.2% to $25.4 million on revenue of $509.9 million, up 5.3%.
  • Liquidity stood at $208.3 million at Sep 30, 2026, after a June Equity offering raised $108.2 million net.

Services Revenue Growth Lifts Third-Quarter Sales to $167.951 Million

TETRA Technologies (NYSE:TTI) disclosed third quarter 2026 results in its quarterly filing dated Nov 2, 2026, covering the period ended Sep 30, 2026. Revenue reached $167.951 million versus $153.239 million a year earlier, a 9.6% increase (calculated). Services revenue climbed to $81.7 million from $68.1 million, while product sales edged up to $86.2 million from $85.2 million.

The company is an energy services and solutions provider operating on six continents, with calcium chloride, completion fluids and produced water management among its offerings. It reports two segments, Completion Fluids and Products and Water and Flowback Services. Net income attributable to stockholders was $6.8 million versus $4.2 million, and diluted EPS was $0.05 versus $0.03.

Lower Margins and a Tax Benefit Shape the $6.8 Million Profit

Gross profit slipped to $35.1 million from $36.4 million and Operating Income fell to $9.7 million from $11.1 million. Net interest expense dropped to $2.4 million from $4.4 million, and the company booked an income tax benefit of $0.4 million versus a $4.0 million expense a year ago. The effective tax rate was negative 6.5%, helped by a $1.2 million lower federal valuation allowance.

Compared with the second quarter, revenue declined 9.5% from $185.7 million and net income fell from $10.2 million. Completion Fluids and Products revenue dropped 18.8% to $91.9 million after the seasonally strong European industrial chemicals volumes of the prior quarter. Its operating income was $17.7 million versus $27.6 million.

Water and Flowback Services Gains From Latin America Facilities and Automation

Water and Flowback Services revenue rose 4.9% sequentially to $76.1 million, with operating income steady at $4.1 million. Growth came from additional early production facilities in Latin America and higher flowback activity as use of the TETRA Sandstorm and Auto-Drillout technologies improved in the United States. Management is cutting costs and closing underperforming service lines in the segment.

For nine months, revenue rose 5.3% to $509.9 million and net income increased 30.2% to $25.4 million, or $0.18 per diluted share versus $0.15. Water and Flowback operating income swung to $9.6 million from a loss of $0.1 million, while Completion Fluids operating income fell to $67.6 million from $91.0 million on product mix. Operating Cash Flow declined to $31.3 million from $68.6 million.

Arkansas Bromine Project Targets Mechanical Completion by Year-End 2026

Liquidity was $208.3 million at Sep 30, 2026, including $84.3 million of cash and $41.7 million of short-term investments, against total Debt of $183.8 million. A June 4, 2026 offering of 12,432,432 shares raised $108.2 million net, partly to fund the Arkansas Bromine Project, with $39.1 million of nine-month Capital spending going to Arkansas brine resource development. Phase 2 is under way with mechanical completion targeted by the end of 2026, full operation by the end of 2027 and first production in early 2028, though the company said it must seek additional financing for the remaining cost.