secwatch.observer — SEC 8-K summary
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Issuer:     TETRA TECHNOLOGIES INC (TTI)
CIK:        0000844965
Form:       8-K
Filed at:   2022-02-28T23:59:59+00:00
Accession:  0000844965-22-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TETRA Q4 revenue $113M up 19% sequentially; adjusted EBITDA $13.1M, debt reduced $13M
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- Q4 2021 revenue $113M (+19% QoQ, +50% YoY); net loss from cont ops $703k ($0.01 loss per share).
- Adjusted EBITDA $13.1M; adjusted free cash flow from cont ops $7.4M in Q4; full-year $9.3M.
- Reduced long-term debt by $13M in Q4; net leverage ratio improved to 2.7x at year-end 2021.
- Signed definitive supply agreement with Eos for PureFlow zinc-bromide electrolyte; drilling Arkansas lithium well.
- Water & Flowback Services revenue $53M, segment EBITDA margin 12.9% (highest since Q3 2019).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/844965/000084496522000005/0000844965-22-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/844965/000084496522000005/tti-20220228.htm
  HTML page:      https://secwatch.observer/filing/0000844965-22-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer