TETRA Q2 2023 revenue $175.5M (record high), GAAP EPS $0.14, Adjusted EBITDA $36M

TETRA TECHNOLOGIES INC

2023-Q2 EPS reported $0.19 revenue$321,672,000

Revenue of $175.5M, up 25% YoY and 20% sequentially; highest quarterly revenue excluding discontinued ops.
GAAP net income $18.2M (EPS $0.14), up 9x from $1.7M ($0.01) a year ago; adjusted EBITDA $36M, +93% YoY.
Completion Fluids & Products revenue $98M (+31% YoY, +42% seq); Water & Flowback Services revenue $77M (+17% YoY).
Operating cash flow $28.4M; adjusted free cash flow $17.7M.
Signed MOU with Saltwerx for expanded 6,138-acre Smackover brine unit; second test well drilled; FEED study for lithium plant underway.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TETRA TECHNOLOGIES INC reported second quarter 2023 results: revenue $175.5 million, net income $18.2 million, EPS $0.14.

Period: second quarter 2023
Revenue: $175.5 million
Net income: $18.2 million
EPS: $0.14
Result: reported results

Exact text from the filing

TETRA TECHNOLOGIES, INC. ANNOUNCES STRONG SECOND QUARTER 2023 RESULTS WITH REVENUE OF $175.5 MILLION, GAAP EPS OF $0.14, GAAP NET INCOME OF $18.2 MILLION AND ADJUSTED EBITDA OF $36 MILLION

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Source: SEC EDGAR

accession 0000844965-23-000036

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