8-K
filed February 27, 2023, 6:59 PM ET
ticker TTI
CIK 0000844965
earnings
confidence high
sentiment positive
materiality 0.75
TETRA Q4 revenue $147M (+30% YoY); adj. EBITDA $20.3M (+56% YoY); expects significant FCF in 2023
TETRA TECHNOLOGIES INC
2022-FY EPS reported
$0.06
revenue$553,213,000
- Q4 revenue $147M, up 30% YoY; net loss from continuing ops $1.8M; adjusted EPS $0.02.
- Adjusted EBITDA $20.3M, up 56% YoY; Water & Flowback revenue $81M (+52% YoY).
- Acquired Peacocks (North Sea) and Newpark's completion fluids facility (Port Fourchon) to strengthen offshore business.
- Arkansas bromine/lithium: FEED study completed, second well planned, investment bank engaged for JV partners.
- Expects further revenue growth in 2023 on lower capex, targeting significant free cash flow generation.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
TETRA TECHNOLOGIES INC reported financial results for the full year ended December 31, 2022.
- Period
- the full year ended December 31, 2022
- Result
- reported results
Exact text from the filing
On February 27, 2023 , TETRA Technologies, Inc., a Delaware corporation (the “Company”), issued a news release announcing its financial results for the fourth quarter and full year ended December 31, 2022.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
TETRA TECHNOLOGIES INC reported the fourth quarter ended December 31, 2022 results: revenue $147 million, net income $1.8 million, EPS $0.01.
- Period
- the fourth quarter ended December 31, 2022
- Revenue
- $147 million
- Net income
- $1.8 million
- EPS
- $0.01
- Result
- reported results
Exact text from the filing
Fourth quarter 2022 revenue of $147 million increased 9% from the third quarter of 2022 and 30% from the fourth quarter of 2021. Net loss before discontinued operations was $1.8 million, inclusive of $4.3 million of non-recurring charges and expenses. This compares to a net loss before discontinued operations of $63,000 in the third quarter of 2022, which included $2.7 million of non-recurring charges and expenses and compares to a net loss before discontinued operations of $703,000 in the fourth quarter of 2021, which included $891,000 of non-recurring charges and expenses. Net loss per share from continuing operations in the fourth quarter was $0.01, compared to break even in the third quarter of 2022 and compared to a loss per share of $0.01 in the fourth quarter of 2021.
View on SEC.gov
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