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 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 ...