secwatch.observer — SEC 8-K summary
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Issuer:     TETRA TECHNOLOGIES INC (TTI)
CIK:        0000844965
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0000844965-24-000071
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TETRA Q2 revenue $172M (+14% seq); net income $7.6M; secures 3-well deepwater GOM project
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/844965/000084496524000071/0000844965-24-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/844965/000084496524000071/tti-20240731.htm
  HTML page:      https://secwatch.observer/filing/0000844965-24-000071

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