Tetra Technologies ( (TTI) ) has released its Q4 earnings. Here is a breakdown of the information Tetra Technologies presented to its investors.
TETRA Technologies, Inc. is an energy services and solutions company that operates globally, focusing on environmentally conscious services and solutions in the energy sector, including oil and gas, industrial chemicals, and lithium ventures. The company is expanding into the low-carbon energy market with its chemistry expertise and mineral resources.
In its latest earnings report, TETRA Technologies announced a GAAP income from continuing operations of $102 million for the fourth quarter of 2024, with adjusted income showing a 16% improvement sequentially. The company also highlighted a strategic focus on produced water, resulting in record high treatment and recycling volumes, and the successful commercial launch of its TETRA Oasis Total Desalination Solution.
Key financial metrics from the report include a fourth-quarter revenue of $134.5 million, a 5% sequential decrease, and an adjusted EBITDA of $22.8 million. Despite a decrease in revenue, the company maintained a strong adjusted EBITDA margin of 17.0%. TETRA also monetized its investment in Kodiak Gas Services, generating $19 million in cash proceeds, and recognized a favorable $97.5 million adjustment to deferred tax assets.
Looking ahead, TETRA Technologies anticipates a strong first half of 2025, with expected net income before taxes ranging from $19 million to $34 million and adjusted EBITDA between $55 million and $65 million. The company projects high single-digit to low double-digit revenue growth for the full year of 2025, supported by its strategic initiatives and robust backlog of deep-water projects.
TETRA Technologies remains focused on advancing its strategic initiatives, including its bromine project in Arkansas and water desalination solutions, while maintaining a solid balance sheet and liquidity to fund growth. The company is optimistic about its ability to drive long-term shareholder value through its innovative solutions and strategic partnerships.