TETRA TECHNOLOGIES, INC. EXPECTS SECOND QUARTER NET INCOME BEFORE TAXES AND DISCONTINUED OPERATIONS AND ADJUSTED EBITDA TO BE ABOVE THE PREVIOUS GUIDANCE AND COMMENCES LITHIUM FEED STUDY ON ARKANSAS BRINE LEASES

THE WOODLANDS, Texas, July 5, 2023 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) announced today that as a result of strong performance by the Company's industrial calcium chloride business, strong offshore completion fluids activity and improved Water and Flowback Services margins, net income before taxes and discontinued operations and Adjusted EBITDA are expected be above the guidance range previously provided for the second quarter. TETRA had previously anticipated in the second quarter net income before taxes and discontinued operations to be between $11.5 million and $13.5 million. Second quarter Adjusted EBITDA was previously anticipated to be between $27 million and $30 million. Anticipated Adjusted EBITDA excludes mark-to-market gains or losses from investments and non-recurring charges and expenses.