Tetra Technologies Inc (TTI) News & EventsTTITetra Technologies Inc

Eos Energy Partners with Google to Deliver Energy to PJM Grid

Stifel notes that Buy-rated Eos Energy (EOSE) announced that it is working with MN8 Energy and Google (GOOGL) to deliver energy to the PJM grid in support of rising demand in the region. Eos will supply a 10 MW/100 MWh Z3 battery system as part of an integrated solution to help service Google's data centers in the area. While the initial project for Eos is small and is scheduled to start operating in 2030, the firm views the collaboration with Google as a positive step for Eos. Stifel also highlights that Buy-rated Tetra Technologies (TTI) is the key supplier of Eos' electrolyte, and incremental Z3 deployments remain a positive data point for the company, consistent with its framing in October 2025.

TETRA Neptune Z-lite Project Awarded, Expected to Start in 2026

"The business outlook for our deepwater and international activity remains strong, and the U.S. is showing signs of improvement. As announced, we have been awarded the three-well TETRA Neptune Z-lite project in the Gulf of America for Completion Fluids and Products, which we believe will start in 2026. Overall, we expect our base business to perform in line with market expectations, while recognizing that broader global market volatility may remain and that the timing of Neptune pipeline jobs could meaningfully impact our second half 2026 results. Beyond 2026, we see multiple drivers supporting continued growth, including increased deepwater completion activity as customers work through a drilling-intensive cycle, further expansion of our long-duration energy storage electrolyte business, and the commercialization of our TETRA Oasis. A growing pipeline of Neptune projects, expanding data center and power infrastructure development in West Texas, along with the startup of the Arkansas Bromine facility, position TETRA to accelerate progress toward its ONE TETRA 2030 objectives."

TETRA Reports Q2 Revenue of $185.7M, Beating Expectations

Reports Q2 revenue $185.7M, consensus $176.03M. Brady Murphy, TETRA's President and Chief Executive Officer, stated, "We delivered one of our strongest second-quarter and first-half financial performances in the past decade, reflecting the strength of our base business and our ability to grow in deepwater and international markets. Internationally and globally offshore, our revenues for the second-quarter and first six months of the year were a ten-year high, with our first-half 2026 international revenue 24% higher than any first six months over the past decade. Second-quarter consolidated revenue of $186 million increased 19% sequentially and 7% year over year. Income from continuing operations was $10.2 million for the quarter. Adjusted EBITDA for the quarter increased 24% sequentially to $31.9 million. Our performance also benefited from growing demand for the proprietary zinc-bromide electrolyte solution manufactured at our facility, reflecting expanding market interest in long-duration energy storage applications."