mixed valauation - Launches TETRA Oasis TDS Water Treatment Technology for Oil and Gas Industry

Key Financial Results

• Revenue: US$599.1m (down 4.3% from FY 2023).
• Net income: US$113.6m (up 346% from FY 2023).
• Profit margin: 19% (up from 4.1% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: US$0.87 (up from US$0.20 in FY 2023).

TETRA Technologies, Inc. (NYSE: TTI) has announced the commercial launch of TETRA Oasis TDS, a groundbreaking end-to-end water treatment and desalination technology designed for beneficial re-use and mineral extraction applications in the oil and gas industry.

Key Point: TETRA's innovative technology has successfully demonstrated its effectiveness in treating produced water from oil and gas wells, meeting stringent Texas Railroad Commission standards and passing Whole Effluent Toxicity (WET) testing, paving the way for widespread adoption in the industry.

The TETRA Oasis TDS technology offers a comprehensive solution for managing produced water, enabling oil and gas operators to:

- Treat and desalinate produced water for beneficial re-use

- Extract valuable minerals and resources

- Reduce environmental impact and regulatory compliance costs

TETRA's successful commercial pilot project with a major North American oil and gas operator demonstrates the technology's potential to transform the industry's approach to water management.