TETRA TECHNOLOGIES INC
For the period ended Jun 30, 2025. Filed Jul 29, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Jul 29, 2025
TTI$6.00+3.1%Stored close · as of Nov 6, 2026
Contents
Consolidated Statements of Operations
(In Thousands, Except Per Share Amounts)
| Three Months EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenues: | ||||
| Product sales | $102,717 | $96,622 | $190,886 | $169,959 |
| Services | 71,155 | 75,313 | 140,126 | 152,948 |
| Total revenues | 173,872 | 171,935 | 331,012 | 322,907 |
| Cost of revenues: | ||||
| Cost of product sales | 57,323 | 61,078 | 107,088 | 106,484 |
| Cost of services | 59,023 | 58,830 | 113,823 | 124,538 |
| Depreciation, amortization and accretion | 9,189 | 8,774 | 18,340 | 17,530 |
| Impairments and other charges | 93 | — | 611 | — |
| Total cost of revenues | 125,628 | 128,682 | 239,862 | 248,552 |
| Gross profit | 48,244 | 43,253 | 91,150 | 74,355 |
| General and administrative expense | 25,259 | 22,137 | 49,393 | 44,435 |
| Interest expense, net | 4,194 | 6,185 | 8,918 | 12,137 |
| Loss on debt extinguishment | — | — | — | 5,535 |
| Other (income) expense, net | (645) | 2,452 | 8,317 | (1,526) |
| Net income before taxes | 19,436 | 12,479 | 24,522 | 13,774 |
| Provision for income taxes | 8,131 | 4,839 | 9,168 | 5,219 |
| Net income | 11,305 | 7,640 | 15,354 | 8,555 |
| Loss attributable to noncontrolling interests | — | 3 | — | 3 |
| Net income attributable to TETRA stockholders | $11,305 | $7,643 | $15,354 | $8,558 |
| Basic net income per common share: | ||||
| Net income attributable to TETRA stockholders | $0.08 | $0.06 | $0.12 | $0.07 |
| Weighted average basic shares outstanding | 133,152 | 131,263 | 132,753 | 130,858 |
| Diluted net income per common share: | ||||
| Net income attributable to TETRA stockholders | $0.08 | $0.06 | $0.12 | $0.06 |
| Weighted average diluted shares outstanding | 133,422 | 132,169 | 133,371 | 132,115 |
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