TETRA Technologies (TTI) Tops Q3 EPS by 10c

TETRA Technologies (NYSE: TTI) reported Q3 EPS of $0.17, $0.10 better than the analyst estimate of $0.07. Revenue for the quarter came in at $304.7 million versus the consensus estimate of $296.61 million.

Future Financial Guidance

Total 2015 free cash flow for TETRA (excluding CSI Compressco but including CSI Compressco distributions) is expected to be in excess of $80.0 million(1), or $1.00 per share, reflecting the Company's focus on managing working capital, reducing costs, and generating revenue from a broad, diversified customer base. We are expecting GAAP earnings per share for the fourth quarter of 2015 and the first quarter of 2016 to each be a slight loss, reflecting our normal seasonal slowdown in activity and an expected early year-end curtailment of activity by our customers. However, we expect the Gulf of Mexico projects we benefited from in the second and third quarters of this year to resume in the second quarter of 2016.

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

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