Brady Murphy, TETRA President and CEO, stated, “In the Q2, we expect to see the full benefit of our European industrial chemicals seasonal peak, the first well from our recently awarded multi-well, multi-year deepwater Brazil project and the completion of the three well TETRA CS Neptune project. With regards to tariffs, we source a high percentage of our products and materials from the U.S. Therefore, we do not anticipate much, if any, impact to our financials from the announced tariffs. However, the recent pull-back in oil prices does create more uncertainty for our U.S. Water & Flowback segment for the second half of the year. Given our Q1 performance and strong second quarter outlook, we have increased the lower end of our previously communicated first half 2025 Adjusted EBITDA guidance, and we are now expecting first half 2025 Adjusted EBITDA to be between $57M-$65M, previously $55M-$65M. We are also revising our revenue guidance to be between $315M-$345M, previously $325M-$355M and net income before taxes and discontinued operations to be between $10.5M-$23.2M. We expect adjusted net income before taxes and discontinued operations to be between $24M-$35M. Attainment of the Adjusted EBITDA guidance for the first half of the year would be near or above a ten-year record for TETRA, which would be achieved despite the uncertain environment the industry is experiencing and does not assume a material deterioration in the overall business environment from the current levels.”

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