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EarningsQ2 2026 Earnings Report
TTI Q2 2026 EPS Results
Actual EPS$0.08
Consensus EPS$0.08
Beat/MissMet expectations
One Year Ago EPS$0.09
TTI Q2 2026 Revenue Results
Actual Revenue$185.66M
Expected Revenue$176.16M
Beat/MissBeat by +$9.50M
YoY Revenue Growth+6.78%
Earnings Announcement Details
QuarterQ2 2026
Date08/03/2026
TimeAfter Close
Conference CallMonday, August 3, 2026
TTI Upcoming Earnings
Tetra Technologies's next earnings date is estimated for November 2, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
TTI Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple tangible commercial and strategic achievements — strong sequential revenue and EBITDA improvement, record international/offshore results, product launches (Neptune Z‑Lite), FID and funding for an Arkansas bromine plant, progress on Oasis desalination and growing electrolyte demand — while also acknowledging headwinds: YoY EBITDA and margin comparisons affected by lumpy Neptune project timing, Middle East conflict delaying shipments, higher third‑party bromine costs and permitting risks for Oasis. On balance, the company reported solid operational execution, healthy cash generation, improved leverage and a clear path to long‑term growth, albeit with near‑term timing and geopolitical uncertainties.Company Guidance
Sequential and Year-over-Year Revenue Growth
Consolidated Q2 revenue of $185.7M, up 19% sequentially and up 7% year‑over‑year.
Improving Sequential Profitability
Adjusted EBITDA of $31.9M, up 24% sequentially; adjusted EBITDA margin improved to 17.2% from 16.4% in Q1 2026.
Strong International and Offshore Performance
International and global offshore revenues reached 10‑year highs for Q2 and the first half; first half 2026 international revenue was 24% higher than comparable first half periods over the past decade; international offshore revenues were 59% above the closest Q2 in the past 10 years.
Completion Fluids & Products Momentum
Completion Fluids & Products revenue of $113.1M, up 23% sequentially and 3% YoY; segment adjusted EBITDA $29.9M with a margin of 26.4% (in line with guidance 25%–30%); highest first‑half revenues in 10 years.
Water & Flowback Services Strength
Water & Flowback revenue of $72.5M, up 12% sequentially and 13% YoY; adjusted EBITDA $10.8M and margin 14.8%, an improvement from prior periods and described as a 68% year‑over‑year improvement in the business (per management commentary).
Cash Generation and Improved Leverage
Operating cash flow of $34.4M, total capex $23.3M (including $10.9M for Arkansas bromine project), base adjusted free cash flow $22.8M and total adjusted free cash flow $9.9M; quarter end cash $154.6M, total debt $183.3M, net debt $28.7M and net leverage improved to 0.4x.
Strategic Funding and FID for Arkansas Bromine Plant
Board approved final investment decision for Arkansas bromine project; completed equity offering netting ~ $108M to fund a portion of the plant. Project on schedule for completion Q4 2027 and start‑up in early 2028.
Product and Commercial Milestones
Launched TETRA Neptune Z‑Lite (higher densities, reduced zinc content) and won Beacon Offshore Energy contract for a 3‑well 20,000 psi Gulf of America program; expect first of three Z‑Lite wells in 2026. SandStorm technology gaining share and becoming standard with key customers.
Oasis TDS Desalination Progress
Advanced engineering for a 100,000 bpd desalination plant; strengthened IP position with Notices of Allowance for pre‑treatment technologies; expanding customer engagements including hyperscalers.
Energy‑storage and Critical Minerals Optionality
Accelerating TETRA PureFlow zinc‑bromide electrolyte demand supported by customer capacity expansion (Eos targeting 4 GWh by year‑end); 40,000‑acre mineral position in SW Arkansas with lithium royalty rights (~35,000 acres), 65% interest in Evergreen Unit (~585k tons LCE) and >2M tons measured/indicated magnesium resources — providing optionality tied to domestic critical minerals demand.
TTI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed