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Dec 31, 2019
TETRA Q4 2019 Earnings Report
TETRA Technologies reported mixed results, with increased revenue but a significant net loss due to impairment charges, alongside strong adjusted EBITDA driven by specific projects and international sales.
Key Takeaways
TETRA Technologies, Inc. announced a fourth-quarter 2019 revenue of $259 million, which is a decrease of 8% compared to Q4 2018. The company reported a net loss of $114 million, or $0.91 per share, compared to a net income of $3.316 million in Q4 2018. Adjusted EPS was $0.03, compared to a loss of $0.01 in Q4 2018. Adjusted EBITDA was $55 million, up 18% from the previous quarter, but results were impacted by $117 million in non-cash expenses for fixed assets, intangibles, and goodwill impairments.
Adjusted EBITDA increased by 18% compared to the previous quarter, driven by the TETRA CS Neptune® project and strong international completion fluids sales.
Revenue decreased by 8% compared to the fourth quarter of 2018.
A $117 million non-cash expense for fixed assets, intangibles, and goodwill impairments significantly impacted the fourth-quarter results.
The Compression segment demonstrated continued strength with near-record Adjusted EBITDA, supported by high equipment utilization.
Revenue by Segment
Forward Guidance
The provided document does not contain specific forward guidance for the next quarter or full year. Therefore, I am unable to provide a summary of forward guidance, positives, and negatives.
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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