Tetra Technologies, Inc. Announces Third Quarter Results And Provides Update To Total Year Guidance

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Go back to Tetra Technologies, Inc. Announces Third Quarter Results And Provides Update To Total Year Guidance

TETRA Technologies (TTI) Misses Q3 EPS by 4c, Revenues Miss

November 8, 2018 7:38 AM EST

TETRA Technologies (NYSE: TTI) reported Q3 EPS of ($0.02), $0.04 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $256.85 million versus the consensus estimate of $260.1 million.

Stuart M. Brightman, TETRA's Chief Executive Officer, stated, "In the third quarter we saw several of our segments perform at or above our expectations. Water & Flowback Services revenue in the United States increased sequentially on the back of stronger activity outside the Permian Basin and with the traction we are gaining with our integrated water management offering. Offshore completion fluids revenue increased significantly from the... More