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Dec 31, 2021
TETRA Q4 2021 Earnings Report
Announced fourth quarter and full year 2021 results.
Key Takeaways
TETRA Technologies reported a strong fourth quarter with revenue reaching $113 million, a 19% increase from the previous quarter and a 50% increase from the same quarter last year. Adjusted EBITDA was $13.1 million, and the company made progress on low carbon energy initiatives.
Revenue of $113 million, the highest in the last 7 quarters
Completion Fluids & Products revenue increased 23% sequentially.
Water & Flowback Services revenue significantly recovered from the COVID-19 impact.
Adjusted EBITDA margins of 12.9% are the highest since Q3 2019 for Water & Flowback Services.
Revenue by Segment
Forward Guidance
TETRA anticipates continued growth and margin improvement, particularly in Water & Flowback Services, with a focus on achieving 15% adjusted EBITDA margins through price increases, digitization, and technology deployment. The company also expects significant growth from its low carbon energy initiatives in the coming years.
Positive Outlook
- Water & Flowback Services is focused on getting adjusted EBITDA margins to 15% in 2022
- Price increases
- Digitization
- Deployment of differentiating technologies.
- Expect significant growth from low carbon energy opportunities in the coming years.
Challenges Ahead
- Inflation
- Global logistic challenges
- Economic and operating conditions that are outside of our control.
- Customer delays for international completion fluids related to global shipping and logistics issues
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
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