TETRA Q3 revenue $151.5M (+12% YoY), adj EBITDA $26.1M; Arkansas lithium/bromine milestone

TETRA TECHNOLOGIES INC

2023-Q3 EPS reported $0.23 revenue$473,136,000

Revenue $151.5M (+12% YoY); net income $5.5M vs break-even; adj EBITDA $26.1M (+40% YoY).
Arkansas brine unit approved (6,138 acres); second test well lithium up to 646 mg/l (35% higher than first); Standard Lithium exercised option.
Completion Fluids revenue $73M (+24% YoY); Water & Flowback $78M (+3% YoY) with 19% EBITDA margin (highest since Q4 2018).
Sold Argentina EPF for >$5M; FY2023 cash from ops guidance $70-79M, adj FCF $35-40M.
Net cash from operations Q3 $14M; adj free cash flow $7.1M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

TETRA TECHNOLOGIES INC reported the third quarter 2023 results: revenue $151.5 million, net income $5.4 million, EPS $0.04.

Period: the third quarter 2023
Revenue: $151.5 million
Net income: $5.4 million
EPS: $0.04
Result: reported results

Exact text from the filing

(EX-99.1) --- TETRA TECHNOLOGIES, INC. ANNOUNCES THIRD QUARTER 2023 FINANCIAL RESULTS AND PROVIDES UPDATE ON ARKANSAS BROMINE AND LITHIUM BRINE UNIT • Third quarter revenue of $151.5 million increased 12% year-over-year. • Net income before discontinued operations was $5.5 million and net income per share attributable to TETRA stockholders was $0.04, each improved

View on SEC.gov

Browse all earnings releases →

TETRA TECHNOLOGIES INC filing history →

Source: SEC EDGAR

accession 0000844965-23-000047

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.