TETRA Q4 rev $146.7M (+9% YoY), adj EPS $0.02; FY rev $631M (+5%), adj EBITDA $113.6M (+14%)

TETRA TECHNOLOGIES INC

2025-FY EPS reported $0.02 revenue$630,932,000

Q4 revenue $146.7M (+9% YoY); GAAP loss from cont ops $0.11/sh; adjusted EPS $0.02.
FY2025 revenue $631M (+5% YoY); adjusted EBITDA $113.6M (+14%); base biz free cash flow $83M.
Bromine plant Phase 1 complete on time/budget; Phase 2 underway, production targeted 2028.
2026 outlook: modest revenue growth; Completion Fluids margins 25-30%; Water & Flowback margins to mid-teens.
Signed term sheet for magnesium JV with Magrathea; $31.6M unusual charges (legal, lease, FX, impairments).

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