TETRA Technologies posts 19 per cent revenue rise as Arkansas bromine project advances
The company reported $185.7 million in revenue, approved its Arkansas bromine facility funded by equity proceeds, and launched a new deepwater completion fluid amid broader market volatility.
TETRA Technologies reported second quarter 2026 revenue of $185.7 million, marking a 19 per cent sequential increase and a 7 per cent rise year-on-year. The company’s international revenues reached a 10-year high, with the board approving the final investment decision for its Arkansas bromine project, which will utilise $108 million from a recent equity offering.
Adjusted EBITDA increased 24 per cent sequentially to $31.9 million, while income from continuing operations stood at $10.2 million. The firm’s completion fluids and products segment delivered record first-half revenues, driven by increased sales activity in Europe and the Caspian region, which offset delayed shipments into the Middle East due to regional conflict.
The board’s approval of the Arkansas bromine facility represents a significant strategic milestone, with the project scheduled for completion in the fourth quarter of 2027 and startup in early 2028. Proceeds from the equity offering will cover a portion of the anticipated costs, with the balance funded through cash from operations and credit facilities. The plant aims to secure supply and lower costs for both deepwater completion fluids and electrolyte demand.
TETRA also announced the launch of TETRA Neptune Z-Lite, a new high-value deepwater completion fluid designed to achieve higher densities with significantly reduced zinc content. The company was awarded a contract by Beacon Offshore Energy to deploy the fluid in a 20,000 psi programme in the Gulf of America. Additionally, progress was reported on the TETRA Oasis desalination solution for data centres, with engineering design advances for a 100,000 barrel per day plant.
Despite broader market volatility and rising oil prices following attacks in the Red Sea and Gulf of Oman, management stated that the strength of its international markets and security of supply more than offset disruptions in the Middle East. The company expects its base business to perform in line with market expectations for the remainder of 2026, while noting that deepwater activity and electrolyte demand continue to expand.
