earnings
confidence high
sentiment neutral
materiality 0.65
TETRA Q2 revenue $141M (+38% YoY); lithium concentration 67% above exploration target
TETRA TECHNOLOGIES INC
2022-Q2 EPS reported
$0.07
revenue$270,753,000
- Q2 revenue $141M, up 8% QoQ and 38% YoY. Net income from continuing ops $1.8M ($0.01 EPS).
- Adjusted EPS $0.05; adjusted EBITDA $18.7M, down from $20.5M Q1 on $1.3M force majeure hit.
- Lithium brine sample avg 473 mg/L (67% higher than target); bromine avg 5,350 mg/L (+8%).
- Water & Flowback revenue $66M (+75% YoY); margins hit 15.1% target early. Added 4 recycling projects.
- Received large calcium chloride order from international lithium producer; new market opportunity.