NYSE$TTI
TETRA Technologies Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Announced third quarter 2023 financial results, showing revenue growth and improved profitability.
TETRA Technologies reported a strong third quarter with a 12% year-over-year increase in revenue, improved net income, and significant growth in adjusted EBITDA. The company also achieved a key milestone with the approval of its Arkansas brine unit application and positive results from its second test well.
- Third quarter revenue increased 12% year-over-year to $151.5 million.
- Net income before discontinued operations improved to $5.5 million.
- Adjusted EBITDA increased 40% year-over-year to $26.1 million.
- The Arkansas Oil & Gas Commission approved the 6,138 acre joint brine unit application.
Headline financials
Revenue & EPS history
TETRA · Revenue · Quarterly
$151M
Revenue by segment
TETRA · $175M total across 2 segments · Q2 2023
- Completion Fluids & Products$98.2M—56.0%
- Water & Flowback Services$77.2M—44.0%
Forward guidance
TETRA anticipates strong cash from operating activities and Adjusted Free Cash Flow in the fourth quarter of 2023, driven by the EPF sale and working capital improvements. Total year 2023 cash from operating activities is expected to be between $70 million and $79 million, while Adjusted Free Cash Flow is expected to be between $35 million and $40 million.
Tailwinds
- Strong cash from operating activities expected in Q4.
- Adjusted Free Cash Flow expected to be strong in Q4.
- Cash proceeds from the EPF sale will boost cash flow.
- Working capital improvements are expected.
- Full year 2023 cash from operating activities is expected to be between $70 million and $79 million.
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 2023
+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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