TETRA Technologies, Inc. outlined its 'ONE TETRA 2030' growth strategy at its Investor Day at the New York Stock Exchange, detailing a path to reshape the company and enhance shareholder value. The strategy leverages TETRA's core fluid chemistry expertise to expand into high-growth markets, including battery electrolytes for long-duration energy storage and produced water desalination for beneficial reuse.
The company is targeting to more than double its revenue and triple its adjusted EBITDA by 2030, with an aim to generate over $100 million in annual adjusted free cash flow by 2028 and beyond. By 2030, TETRA expects approximately two-thirds of its business to originate from its Specialty Chemicals & Minerals and Water Treatment & Desalination segments, signaling a significant shift in its business profile.
As part of this strategic roadmap, TETRA plans to establish new business segments by 2027 to provide greater visibility into its financial performance in these emerging growth areas. Furthermore, upon the completion of the bromine project by 2028, the company intends to shift its capital allocation strategy from investment in growth initiatives to returning capital to shareholders through debt reduction, dividends, or share repurchases.
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