Tetra Technologies Q1 revenue and EPS beat estimates

Tetra Technologies

29/04/2026 22:16

Overview

U.S. energy services firm's Q1 revenue and adjusted EPS beat analyst expectations

Company maintained 2026 guidance, citing strong performance in chemicals and production testing

Year-on-year segment declines due to absence of prior-year Neptune project, not core business weakness

Outlook

Tetra maintains 2026 revenue and Adjusted EBITDA margin guidance with potential for upside

Company expects 2026 revenue to increase modestly, driven by higher electrolyte sales and Argentina contracts

Tetra expects Completion Fluids & Products Adjusted EBITDA margins of 25-30% and Water & Flowback Services in mid-teens

Result Drivers

CHEMICALS AND PRODUCTION TESTING - Industrial Chemicals and Production Testing subsegments delivered ten-year-high Q1 revenues and strong margins

NEPTUNE PROJECT IMPACT - Year-on-year declines in Completion Fluids & Products revenue and adjusted EBITDA were due to the absence of a Neptune project that benefited the prior-year period

COST REDUCTIONS AND AUTOMATION - Profitability in Water & Flowback Services improved due to cost-reduction initiatives and market penetration of higher-margin automation technology

Company press release: ID:nPnrfr3ta

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$156.3 mln
$151.78 mln (4 Analysts)
Q1 Adjusted EPS
Beat
$0.06
$0.04 (3 Analysts)
Q1 Adjusted EBITDA
$25.61 mln
Q1 Adjusted Free Cash Flow
-$31.91 mln
Q1 Gross Profit
$38.23 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil related services and equipment peer group is "buy"

Wall Street's median 12-month price target for Tetra Technologies Inc is $12.00, about 23.7% above its April 29 closing price of $9.70

The stock recently traded at 37 times the next 12-month earnings vs. a P/E of 33 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)