secwatch.observer — SEC 8-K summary
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Issuer:     TETRA TECHNOLOGIES INC (TTI)
CIK:        0000844965
Form:       8-K
Filed at:   2022-08-01T23:59:59+00:00
Accession:  0000844965-22-000031
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TETRA Q2 revenue $141M (+38% YoY); lithium concentration 67% above exploration target
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/844965/000084496522000031/0000844965-22-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/844965/000084496522000031/tti-20220801.htm
  HTML page:      https://secwatch.observer/filing/0000844965-22-000031

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