Loading...
•
Mar 31, 2023
TETRA Q1 2023 Earnings Report
Reported revenue of $146 million and EPS of $0.05, with second quarter guidance provided.
Key Takeaways
TETRA Technologies reported first quarter revenue of $146 million and EPS of $0.05. The company anticipates a strong second quarter, expecting the highest Completion Fluids & Products revenue and Adjusted EBITDA in over seven years.
First quarter revenue increased 12% year-over-year to $146 million.
Net income before discontinued operations was $6.0 million.
Adjusted EBITDA was $20.6 million, or 14.1% of revenue.
Second quarter revenue is expected to be between $165 million and $175 million.
Revenue by Segment
Forward Guidance
TETRA Technologies anticipates strong second quarter performance with revenue between $165 million and $175 million, net income before taxes and discontinued operations between $11.5 million and $13.5 million, and Adjusted EBITDA between $27 million and $30 million.
Positive Outlook
- Highest Completion Fluids & Products revenue and Adjusted EBITDA quarter in over seven years is expected.
- Improved offshore activity is anticipated.
- Recent acquisitions in key markets are expected to contribute positively.
- Strong European industrial chemicals business is expected to return.
- Continued growth and margin expansion for Water & Flowback Services segment is expected.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...