earnings
confidence high
sentiment neutral
materiality 0.70
TETRA Technologies Q3 2022 revenue $135M (+41% YoY); Adjusted EBITDA $18.6M (+24% YoY)
TETRA TECHNOLOGIES INC
2022-Q3 EPS reported
$0.08
revenue$405,765,000
- Revenue $135M (+41% YoY, -4% QoQ); net income from continuing ops break-even; Adjusted EPS $0.02.
- Water & Flowback revenue $76M (+62% YoY, +15% QoQ); segment Adj. EBITDA $13.2M (+158% YoY).
- Completion Fluids & Products revenue $59M (+22% YoY); segment Adj. EBITDA margin 24.9%.
- Inferred resource: 5.25M short tons bromine, 234K short tons lithium carbonate equiv. in Arkansas.
- Adjusted free cash flow was a use of $9.8M due to inventory build for new deepwater awards.