secwatch.observer — SEC 8-K summary
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Issuer:     TETRA TECHNOLOGIES INC (TTI)
CIK:        0000844965
Form:       8-K
Filed at:   2023-10-30T23:59:59+00:00
Accession:  0000844965-23-000047
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/844965/000084496523000047/0000844965-23-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/844965/000084496523000047/tti-20231030.htm
  HTML page:      https://secwatch.observer/filing/0000844965-23-000047

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