TETRA TECHNOLOGIES, INC. ANNOUNCES PUBLIC OFFERING OF COMMON STOCK

TETRA Technologies, Inc. has announced the commencement of an underwritten public offering of $100 million of shares of its common stock, as disclosed on June 2, 2026. The offering is being conducted under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC). The company plans to utilize the net proceeds from this offering for general corporate purposes, which notably includes funding a portion of the construction costs associated with its Arkansas bromine project. Additionally, the underwriters have been granted a 30-day option to purchase up to an additional $15 million of shares to cover any over-allotments.

TETRA Technologies is an energy services and solutions company that operates across six continents, focusing on environmentally conscious services and solutions. Its business segments include Energy Services, Industrial Chemicals, and Critical Minerals. The company’s strategic initiatives reflect a commitment to sustainability, particularly in the development of critical minerals, which are essential for various industries, including renewable energy and electric vehicles. The Arkansas bromine project is a key component of TETRA’s growth strategy, as bromine is a vital chemical used in numerous applications, including flame retardants and pharmaceuticals.

The offering is being led by J.P. Morgan as the lead book-running manager, with Jefferies also serving in a similar capacity. The timing of the offering is subject to market conditions, which can be volatile, particularly in the current economic climate characterized by inflationary pressures and fluctuating energy prices. The ability to successfully complete this offering will depend on investor appetite and market sentiment towards the energy sector, which has seen a resurgence in interest due to the global push for cleaner energy solutions.

The broader market implications of this offering could signal a renewed confidence in the energy services sector, particularly for companies focused on sustainable practices. As investors increasingly prioritize environmental, social, and governance (ESG) factors, TETRA's commitment to developing environmentally friendly solutions may enhance its attractiveness to institutional investors. Furthermore, the capital raised through this offering could position TETRA favorably to capitalize on growth opportunities within the critical minerals space, which is expected to expand significantly in the coming years as demand for electric vehicles and renewable energy technologies rises.

Overall, TETRA Technologies’ public offering represents a strategic move to bolster its financial position and support its ongoing projects. As the company navigates the complexities of the current market environment, its focus on sustainability and innovation will likely play a crucial role in its long-term success and resilience in the energy sector.