NYSE$TTI
TETRA Technologies Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Announced third quarter 2021 income before discontinued operations and adjusted EBITDA.
TETRA Technologies reported a 30% year-on-year increase in revenue to $95 million. Net income before discontinued operations was $2.5 million, and adjusted EBITDA was $15.0 million. The company reduced long term debt by $8 million and had $1.0 million of positive adjusted free cash flow.
- Third quarter revenue increased 30% year-on-year to $95 million.
- Net income before discontinued operations was $2.5 million, including mark-to-market gains.
- Adjusted EBITDA was $15.0 million, the highest since the start of the global pandemic.
- Adjusted free cash flow improved sequentially by $5.5 million.
Headline financials
Revenue & EPS history
TETRA · Revenue · Quarterly
$95.5M
Revenue by segment
TETRA · $95.5M total across 2 segments · Q3 2021
- Completion Fluids & Products$48.7M-6.3%51.0%
- Water & Flowback Services$46.8M+117.3%49.0%
Forward guidance
The company expects materially higher fourth quarter revenues for Completion Fluids & Products due to delayed product deliveries and new awards.
Tailwinds
- Expected materially higher fourth quarter revenues for Completion Fluids & Products.
- Return of Gulf of Mexico activity.
- Recent Brazil offshore awards.
- Long-term strategic supplier agreement expected before year-end.
- Plans to drill a well in the fourth quarter on dedicated acreage to obtain lithium and bromine samples.
Headwinds
- Inflationary costs on chemicals production are expected to continue at least into the fourth quarter.
- Impact of Hurricane Ida.
- Global logistics challenges that delayed multiple completion fluid deliveries to international customers.
- Potential delays in energy storage projects.
- Uncertainty in economic and operating conditions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2021
+1.8%
Avg return
Earnings day
+0.1%
Avg return
5 days after
-1.8%
Avg return
30 days after
52%
35 / 67 earnings
Positive
+37.4%
Q2 2015
Best reaction
-18.7%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.4% | -4.5% | +5.0% | |
| Q4 2025 | -18.7% | -23.9% | -22.6% | |
| Q3 2025 | -7.6% | -7.8% | -0.1% | |
| Q1 2025 | +3.3% | -1.4% | -2.9% | |
| Q4 2024 | -4.1% | -11.5% | -12.0% | |
| Q3 2024 | +14.2% | +3.5% | +21.5% | |
| Q2 2024 | -0.6% | -13.0% | -12.2% | |
| Q1 2024 | -18.0% | -12.4% | -18.2% | |
| Q4 2023 | +5.7% | +2.3% | +14.8% | |
| Q3 2023 | -14.6% | -17.8% | -15.3% | |
| Q2 2023 | +14.4% | +20.5% | +26.7% | |
| Q1 2023 | -1.8% | +2.5% | -8.8% | |
| Q4 2022 | -8.0% | -7.0% | -33.1% | |
| Q3 2022 | -16.0% | -12.1% | -20.8% | |
| Q2 2022 | -10.7% | -15.1% | -9.1% | |
| Q1 2022 | +19.6% | +22.6% | +48.6% | |
| Q4 2021 | +5.4% | +18.4% | +32.0% | |
| Q3 2021 | +12.1% | +19.2% | -22.6% | |
| Q2 2021 | +9.1% | +7.1% | +1.6% | |
| Q1 2021 | +30.1% | +38.6% | +51.0% | |
| Q4 2020 | +9.1% | +3.3% | +14.0% | |
| Q3 2020 | -1.5% | -1.8% | +50.9% | |
| Q2 2020 | -0.8% | -15.5% | -14.1% | |
| Q1 2020 | +14.3% | +12.2% | -2.4% | |
| Q4 2019 | -11.9% | -24.5% | -74.8% | |
| Q3 2019 | -16.3% | -21.2% | -31.0% | |
| Q2 2019 | +23.0% | +33.1% | +18.0% | |
| Q1 2019 | -2.8% | -2.8% | -31.1% | |
| Q3 2018 | -10.8% | -21.3% | -40.8% | |
| Q2 2018 | +13.4% | +18.2% | +1.7% | |
| Q1 2018 | +8.3% | +10.0% | +3.3% | |
| Q4 2017 | -3.7% | +2.4% | +0.3% | |
| Q3 2017 | +17.8% | +13.3% | +26.9% | |
| Q2 2017 | -15.6% | -16.9% | -15.6% | |
| Q1 2017 | +11.7% | +7.1% | -1.9% | |
| Q4 2016 | -0.4% | -3.8% | -9.4% | |
| Q3 2016 | -5.4% | +6.2% | +13.7% | |
| Q2 2016 | -1.7% | -1.9% | -0.3% | |
| Q1 2016 | -11.3% | — | — | |
| Q4 2015 | -6.0% | — | — | |
| Q3 2015 | +13.8% | — | — | |
| Q2 2015 | +37.4% | — | — | |
| Q1 2015 | +7.0% | — | — | |
| Q4 2014 | +10.2% | — | — | |
| Q3 2014 | -7.0% | — | — | |
| Q2 2014 | +1.5% | — | — | |
| Q1 2014 | -5.6% | — | — | |
| Q4 2013 | -1.7% | — | — | |
| Q3 2013 | -3.1% | — | — | |
| Q2 2013 | +14.4% | — | — | |
| Q1 2013 | -3.8% | — | — | |
| Q4 2012 | -0.3% | — | — | |
| Q3 2012 | +8.4% | — | — | |
| Q2 2012 | +0.1% | — | — | |
| Q1 2012 | +3.7% | — | — | |
| Q4 2011 | -6.5% | — | — | |
| Q3 2011 | -4.2% | — | — | |
| Q2 2011 | +8.9% | — | — | |
| Q1 2010 | +8.9% | — | — | |
| Q1 2011 | +3.8% | — | — | |
| Q4 2010 | +2.1% | — | — | |
| Q4 2008 | +2.1% | — | — | |
| Q3 2009 | +0.8% | — | — | |
| Q3 2010 | +0.8% | — | — | |
| Q2 2009 | +3.2% | — | — | |
| Q4 2009 | +3.2% | — | — | |
| Q2 2010 | +3.2% | — | — |
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