TETRA Technologies (TTI) Reports In-Line Q2 EPS, Revenues Beat

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TETRA Technologies, Inc. Announces Second Quarter 2020 Results

August 4, 2020 7:00 AM EDT

THE WOODLANDS, Texas, Aug. 4, 2020 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE: TTI) today announced second quarter 2020 results.

Second quarter 2020 revenue of $192 million, decreased 14% from the first quarter of 2020 compared to a 64% decline in US onshore rig activity and a 26% decline in international rig activity. Net loss before discontinued operations for the second quarter was $34.3 million, inclusive of $18.1 million of non-recurring charges and expenses. This compares to a net loss before discontinued operations of $10.2 million in the first quarter of 2020, inclusive of $8.1 million of non-recurring charges and... More