Financial Data and Key Metrics Changes - The company reported a 14% sequential revenue growth and a 32% increase in adjusted EBITDA for Q2 2024 [4] - Adjusted EBITDA for the second quarter was $30.2 million, negatively impacted by $1.1 million of foreign exchange losses [17][24] - The net leverage ratio at the end of Q2 was 1.6x, with a return on net capital employed of 17.4% for the 12-month period ending June 2024 [24] Business Line Data and Key Metrics Changes - Completion Fluids & Products and Water & Flowback segments achieved adjusted EBITDA margins of 28.9% and 15.2%, respectively, with Water & Flowback showing a sequential improvement of 560 basis points from Q1 [5][18] - Revenue for Water & Flowback was down 2% year-over-year, correlating with a 16% decline in U.S. onshore rig activity [5] - The industrial calcium chloride business generated nearly $140 million in revenue on a trailing 12-month basis, indicating stable revenue and cash flow [19] Market Data and Key Metrics Changes - The U.S. completion activity was lower, while international offshore market activity increased [4] - The company noted a sequential improvement in Europe and Latin America, partially offset by project timing in the Gulf of Mexico [20] Company Strategy and Development Direction - The company is focusing on automation and treatment of operator-produced water for frack reuse and desalination, aiming to reduce costs and environmental impact [9][12] - Strategic initiatives include the desalination of produced water, pure flow electrolyte for energy storage, and Arkansas bromine and lithium supply projects, which are expected to provide material financial benefits [16] - The company is committed to maintaining EBITDA margins above 15% in a flat onshore activity environment [18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the CS Neptune project, which is expected to significantly impact financials over the next six to nine months [26] - The company anticipates a strong finish to the year and significant momentum heading into 2025 and beyond [26] - Management acknowledged challenges in the onshore oil and gas industry but noted continued strength in the offshore market [20] Other Important Information - The company has secured a three-well deepwater Gulf of Mexico CS Neptune fluids project, marking a significant milestone [5][6] - Liquidity as of the call was approximately $187 million, including a $75 million delay draw feature for the bromine project [24] Q&A Session All Questions and Answers Question: What is the outlook for the CS Neptune projects? - The company has a healthy pipeline of projects and is in discussions with multiple operators for additional projects beyond the three secured [27][28] Question: How many NDAs have been signed for beneficial reuse? - The number of NDAs has increased throughout the year, with no backouts from initial agreements [31][32] Question: Can you disclose the reimbursement amount for the $9.8 million CapEx towards Arkansas? - The reimbursement details are covered by an NDA, and the partner continues to work alongside the company on initiatives [33]

Tetra Technologies (TTI) came out with quarterly earnings of $0.07 per share, missing the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -30%. A quarter ago, it was expected that this oil and gas services company would post earnings of $0.02 per share when it actually produced earnings of $0.05, delivering a surprise of 150%. Over the last four q ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 1-13455 TETRA Technologies, Inc. (Exact name of registrant as specified in its charter) Delaware 74-2148293 (State or Other Jurisdic ...

Exhibit 99.1 TETRA TECHNOLOGIES, INC. SECURES THREE WELL TETRA CS NEPTUNE FLUIDS DEEPWATER GULF OF MEXICO PROJECT AND ANNOUNCES SECOND QUARTER 2024 FINANCIAL RESULTS • Secured a three-well deepwater TETRA CS Neptune fluids project in the Gulf of Mexico with a super major operator that is scheduled to begin late in the fourth quarter of 2024. • Second quarter revenue of $172 million increased 14% sequentially. Second quarter net income of $7.6 million. • Second quarter net income per share was $0.06 and net ...

Secured a three-well deepwater TETRA CS Neptune fluids project in the Gulf of Mexico with a super major operator that is scheduled to begin late in the fourth quarter of 2024. Second quarter revenue of $172 million increased 14% sequentially. Second quarter net income of $7.6 million. Second quarter net income per share was $0.06 and net income per share excluding unusual items was $0.07. Adjusted EBITDA of $30.2 million increased 32% sequentially, despite $1.1 million in foreign exchange losses. Second qua ...

TETRA invites you to listen to the conference call by calling the toll-free phone number 1-800-836-8184. The conference call will also be available by live audio webcast. The news release will be available on the Company's website prior to the conference call. A replay of the conference call will be available at 1-888-660- 6345 conference number 03425#, for one week following the conference call and the archived webcast will be available through the Company's website for thirty days following the conference ...

To register for virtual one-on-one meetings with management, interested parties should either contact their Northland sales representative or Bobby Brooks at [email protected]. SOURCE TETRA Technologies, Inc. Elijio Serrano, Chief Financial Officer and Julian Higuera, Director of Investor Relations will be hosting virtual one-on-one meetings. TETRA Technologies, Inc. is an energy services and solutions company focused on developing environmentally conscious services and solutions that help make people's liv ...

TETRA Technologies, Inc. (NYSE:TTI) Q1 2024 Earnings Conference Call May 1, 2024 10:30 AM ET Company Participants Brady Murphy - Chief Executive Officer Elijio Serrano - Chief Financial Officer Conference Call Participants Martin Malloy - Johnson Rice Kurt Hallead - Benchmark Josh Jayne - Daniel Energy Partners Patrick Ouellette - Stifel Bobby Brooks - Northland Capital Markets Tim Moore - EF Hutton Stephen Gengaro - Stifel Operator Good morning, and welcome to TETRA Technologies' First Quarter 2024 Results ...

(Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q (281) 367-1983 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 1-13455 TETRA Technologies, Inc. (Exact name of registrant as specified in its charter) Delaware 74-2148293 (State o ...

Exhibit 99.1 TETRA TECHNOLOGIES, INC. ANNOUNCES FIRST QUARTER 2024 FINANCIAL RESULTS THE WOODLANDS, Texas, April 30, 2024 / PR Newswire / - TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) today announced first quarter 2024 financial results. Brady Murphy, TETRA President and Chief Executive Officer, stated, "Overall first quarter results were in-line with our expectations as Completion Fluids and Products Adjusted EBITDA margins of 28.1% more than offset an anticipated weaker Water & Flowback ...