TETRA TECHNOLOGIES INC
For the period ended Sep 30, 2025. Filed Oct 28, 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.
Sep 30, 2025 · Filed Oct 28, 2025
TTI$6.14+2.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| September 30,2025 | December 31,2024 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $67,146 | $36,987 |
| Restricted cash | 52 | 221 |
| Trade accounts receivable, net of allowances of $107 and $626 in 2025 and 2024, respectively | 116,378 | 104,813 |
| Inventories | 105,860 | 101,697 |
| Prepaid expenses and other current assets | 24,444 | 25,910 |
| Total current assets | 313,880 | 269,628 |
| Property, plant and equipment: | ||
| Land and building | 24,957 | 24,475 |
| Machinery and equipment | 338,581 | 323,044 |
| Automobiles and trucks | 10,691 | 10,325 |
| Chemical plants | 75,549 | 69,815 |
| Construction in progress | 66,839 | 34,910 |
| Property, plant and equipment | 516,617 | 462,569 |
| Less accumulated depreciation | (343,417) | (320,409) |
| Property, plant and equipment, net | 173,200 | 142,160 |
| Other assets: | ||
| Patents, trademarks and other intangible assets, net of accumulated amortization of $59,127 and $55,421 in 2025 and 2024, respectively | 22,343 | 24,923 |
| Deferred tax assets, net | 93,793 | 98,149 |
| Operating lease right-of-use assets | 30,000 | 29,797 |
| Investments | 10,409 | 28,159 |
| Other assets | 11,549 | 12,379 |
| Total other assets | 168,094 | 193,407 |
| Total assets | $655,174 | $605,195 |
Consolidated Balance Sheets
(In Thousands, Except Share Amounts)
| September 30,2025 | December 31,2024 | |
|---|---|---|
| (Unaudited) | ||
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Trade accounts payable | $44,260 | $43,103 |
| Compensation and employee benefits | 27,060 | 23,022 |
| Operating lease liabilities, current portion | 10,608 | 8,861 |
| Accrued taxes | 16,230 | 12,493 |
| Accrued liabilities and other | 29,304 | 30,040 |
| Current liabilities associated with discontinued operations | 5,830 | 5,830 |
| Total current liabilities | 133,292 | 123,349 |
| Long-term debt, net | 180,924 | 179,696 |
| Operating lease liabilities | 23,067 | 25,041 |
| Asset retirement obligations | 15,431 | 14,786 |
| Deferred income taxes | 4,275 | 4,912 |
| Other liabilities | 2,760 | 4,104 |
| Total long-term liabilities | 226,457 | 228,539 |
| Commitments and contingencies (Note 6) | ||
| Equity: | ||
| TETRA stockholders’ equity: | ||
| Common stock, par value 0.01 per share; 250,000,000 shares authorized at September 30, 2025 and December 31, 2024; 136,789,182 and 134,951,081 shares issued, respectively, and 133,650,507 and 131,812,406 shares outstanding, respectively | 1,368 | 1,350 |
| Additional paid-in capital | 496,184 | 492,722 |
| Treasury stock, at cost; 3,138,675 shares held at September 30, 2025 and December 31, 2024 | (19,957) | (19,957) |
| Accumulated other comprehensive loss | (31,989) | (51,122) |
| Retained deficit | (148,920) | (168,425) |
| Total TETRA stockholders’ equity | 296,686 | 254,568 |
| Noncontrolling interests | (1,261) | (1,261) |
| Total equity | 295,425 | 253,307 |
| Total liabilities and equity | $655,174 | $605,195 |
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