TETRA Technologies (TTI) Tops Q2 EPS by 3c

TETRA Technologies (NYSE: TTI) reported Q2 EPS of ($0.15), $0.03 better than the analyst estimate of ($0.18). Revenue for the quarter came in at $175.66 million versus the consensus estimate of $188.42 million.

Financial Guidance

Given the operating environment and expectations of a prolonged downturn, the management team remains focused on adjusted free cash flow. The forecast for full year 2016 TETRA only adjusted free cash flow is a range of $30 to $50 million. No reconciliation of the forecasted range of adjusted free cash flow for the full year 2016 is included in this release because the reconciliation would require presenting forecasted information for CSI Compressco that is not publicly disclosed.

For earnings history and earnings-related data on TETRA Technologies (TTI) click here.

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