Jan. 14 at 5:02 PM
$TTI Key points from yesterdays investor conference
• Growth Targets: Currently
$600 million in revenue and over 100million of EBITDA. Tetra2030"plan aims for
$1.25 billion in revenue and
$325 million in EBITDA by 2030.
• Market Shift: The company plans to shift its revenue mix from being 70% oil and gas-dependent today to a more balanced model where oil and gas is less than 40%, with the remainder coming from water treatment and specialty chemicals.
• Stability: Despite industry downturns, Tetra remained cash flow and EBITDA positive during past cycles, maintaining a current leverage ratio of 1.2x with no outstanding draws on its revolver.
2. Strategic Growth Drivers
• Battery Storage: Tetra provides a high-purity zinc bromide solution used as an electrolyte for long-duration battery storage. Their primary customer,
$EOSE , is seeing a massive ramp-up in demand; Tetra's sales to Eos grew from
$3 million in 2024 to approximately 20million in 2025, with projections of 50–
$60 million for 2026
