secwatch.observer — SEC 8-K summary
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Issuer:     TETRA TECHNOLOGIES INC (TTI)
CIK:        0000844965
Form:       8-K
Filed at:   2021-08-03T23:59:59+00:00
Accession:  0001564590-21-039866
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TETRA Q2 revenue $102M (+32% QoQ); net loss narrows; secures deepwater awards and low carbon milestones
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- Revenue $102M, sequential increase of 32%; net loss from continuing ops $6.7M vs $11.9M in Q1; adjusted EPS loss $0.02.
- Adjusted EBITDA $13.0M, up 44% QoQ; operating cash flow $1.8M; adjusted free cash flow negative $4.5M.
- Term loan reduced to $184.2M from $220.5M in Sep 2020; ABL extended to May 2025, availability increased $9.4M.
- Awarded 3-year completion fluids contract with GoM super major and multi-year contract for deepwater Brazil.
- Invested $5M in CarbonFree; first commercial PureFlow order; Standard Lithium feasibility study; MOU with Anson Resources.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/844965/000156459021039866/0001564590-21-039866-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/844965/000156459021039866/tti-8k_20210802.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-039866

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