earnings
confidence high
sentiment positive
materiality 0.80
TETRA Q2 revenue $172M (+14% seq); net income $7.6M; secures 3-well deepwater GOM project
TETRA TECHNOLOGIES INC
2024-Q2 EPS reported
$0.06
revenue$322,907,000
- Q2 revenue $172M (+14% seq); net income $7.6M ($0.06 EPS); adjusted EPS $0.07.
- Adjusted EBITDA $30.2M (+32% seq) despite $1.1M FX losses.
- Completion Fluids revenue $100M (29% seq growth; 28.9% EBITDA margin); Water & Flowback $72M (15.2% margin).
- Secured 3-well TETRA CS Neptune deepwater Gulf of Mexico project with super major; first well late Q4 2024.
- Operating cash flow $24.8M; base business adj. free cash flow $19.2M; Arkansas lithium/bromine investments $9.8M.