secwatch.observer — SEC 8-K summary
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Issuer:     TETRA TECHNOLOGIES INC (TTI)
CIK:        0000844965
Form:       8-K
Filed at:   2023-07-31T23:59:59+00:00
Accession:  0000844965-23-000036
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/844965/000084496523000036/0000844965-23-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/844965/000084496523000036/tti-20230731.htm
  HTML page:      https://secwatch.observer/filing/0000844965-23-000036

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