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Sep 30, 2020
TETRA Q3 2020 Earnings Report
Announced third quarter 2020 results, impacted by COVID-19 and hurricanes in the Gulf of Mexico, but delivered strong Adjusted EBITDA margins and positive free cash flow.
Key Takeaways
TETRA Technologies reported a decrease in revenue compared to the previous quarter, but maintained strong Adjusted EBITDA margins in Completion Fluids & Products and Compression segments. The company generated positive free cash flow despite industry headwinds, focusing on cost management and technology deployment.
Third quarter revenue decreased 21% from the second quarter of 2020 to $153 million.
Net loss before discontinued operations was $21 million, compared to a net loss of $37 million in the second quarter of 2020.
Consolidated Adjusted EBITDA before discontinued operations was $30.3 million.
TETRA only adjusted free cash flow from continuing operations was $7.7 million, marking the sixth consecutive quarter of positive free cash flow.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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