Third-quarter revenue of $142 million GAAP income before taxes and discontinued operations of $7.6 million and EPS from continuing operations of $0.02 Adjusted EBITDA of $23.5 million and adjusted net income per share of $0.03 Net cash provided by operating activities of $19.9 million, total adjusted free cash flow of $7.4 million, base business adjusted free cash flow(1) of $16.0 millionTHE WOODLANDS, Texas, Oct. 29, 2024 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) today ...

Analyst's Disclosure: I/we have a beneficial long position in the shares of TTI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any in ...

The market expects Tetra Technologies (TTI) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be r ...

Company Overview - TETRA Technologies, Inc. is an energy services and solutions company focused on environmentally conscious services and solutions [2] - The company operates on six continents and has a portfolio that includes Energy Services, Industrial Chemicals, and Lithium Ventures [2] - TETRA provides products and services to the oil and gas industry and calcium chloride for diverse applications, while also expanding into the low-carbon energy market [2] Upcoming Event - TETRA's senior management will participate in The MicroCap Rodeo Fall Conference in New York on October 16, 2024 [1] - CEO Brady Murphy and CFO Elijio Serrano will present at 2:30 P.M. and host one-on-one meetings from 8:00 A.M. to 4:00 P.M. (ET) on the same day [1]

Company Announcement - TETRA Technologies, Inc. will release its third quarter results after market close on October 29, 2024 [1] - A conference call to discuss the results will be held on October 30, 2024, at 10:30 a.m. Eastern Time, hosted by President and CEO Brady M. Murphy and Senior Vice President and CFO Elijio V. Serrano [1] Conference Call Details - Interested parties can listen to the conference call by calling the toll-free number 1-800-836-8184 or via live audio webcast [2] - A replay of the conference call will be available for one week following the call at 1-888-660-6345 with conference number 57089, and the archived webcast will be accessible through the company's website for thirty days [2] Company Overview - TETRA Technologies operates globally, focusing on bromine-based completion fluids, calcium chloride, water management solutions, frac flowback, and production well testing services [3] - The company is expanding into low carbon energy markets, leveraging its chemistry expertise and mineral resources, including the commercialization of TETRA PureFlow® ultra-pure zinc bromide for energy storage [3] - TETRA is also developing its lithium and bromine mineral acreage to meet the increasing demand for oil and gas products and energy storage solutions [3]

Overview of the Recent Transaction On September 30, 2024, Neuberger Berman Group LLC, a prominent investment management firm, expanded its portfolio by acquiring an additional 575,097 shares of Tetra Technologies Inc (TTI, Financial). This transaction increased the firm's total holdings in TTI to 8,393,900 shares, reflecting a significant commitment to the oil and gas services company. The shares were purchased at a price of $3.10 each, marking a strategic addition to Neuberger Berman's diverse investment p ...

Company Overview - TETRA Technologies, Inc. (TTI) is currently experiencing significant attention in the options market, particularly with the Sep 20, 2024 $2 Call option showing high implied volatility, indicating expectations of a substantial price movement [1] Implied Volatility Insights - Implied volatility reflects market expectations for future price movements, with high levels suggesting potential upcoming events that could lead to significant price changes [2] - The current high implied volatility for TETRA Technologies may indicate that traders are anticipating a major price movement, which could be due to an impending event [2] Analyst Sentiment - TETRA Technologies holds a Zacks Rank of 4 (Sell) within the Oil and Gas - Field Services industry, which is positioned in the bottom 10% of the Zacks Industry Rank [3] - Over the past 30 days, no analysts have raised their earnings estimates for TETRA Technologies, while two analysts have lowered their estimates, resulting in a decrease in the Zacks Consensus Estimate for the current quarter from 7 cents per share to 4 cents [3] Trading Strategy Implications - The high implied volatility may present a trading opportunity, as seasoned options traders often seek to sell premium on options with elevated implied volatility, aiming to benefit from the decay of the option's value [4]

THE WOODLANDS, Texas, Aug. 7, 2024 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE: TTI) today released on its investor relations website an S-K 1300 Bromine Definitive Feasibility Study ("DFS") containing positive results including certain financial information on the development of TETRA's Arkansas bromine assets in the Evergreen Unit based on engineering studies, reservoir analysis, certain cost and revenue assumptions, plus quotes received on major components received or comple ...

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 ...