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Tetra Technologies Inc (TTI)
NYSE:TTI
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.07Last Year’s EPS
0.05Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: -20.00%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook for TETRA Technologies, highlighting significant improvements in EBITDA margins, record performance in industrial chemicals, and successful strategic investments. Despite challenges in the Water and Flowback segment and U.S. land operations, the company projects strong cash flow and liquidity for 2025. The positive highlights significantly outweigh the lowlights.Company Guidance
During TETRA Technologies' fourth quarter 2024 earnings call, they provided guidance for the first half of 2025, projecting net income before taxes between $19 million and $34 million and adjusted EBITDA between $55 million and $65 million. The company expects revenue and EBITDA to significantly increase year-over-year, driven by strong Gulf of Mexico market activity, a three-well Neptune project, the start of Brazil Deepwater work, and increased Eos Electrolyte deliveries. TETRA anticipates maintaining adjusted EBITDA margins, which improved to 17% in Q4 2024, and plans to continue focusing on produced water treatment and recycling. They aim to generate over $50 million of free cash flow in 2025 from the base business, with capital expenditures projected between $30 and $35 million. The company also highlighted strategic initiatives, including the TETRA OASIS Total Desalination Solution and potential bromine and lithium projects, which are expected to contribute to longer-term growth.Improved Adjusted EBITDA Margins
Adjusted EBITDA margins improved to 17% in Q4 2024, up from 16.6% in Q3 and 15.8% in Q4 2023.
Record Industrial Chemicals Performance
Industrial chemicals business achieved its highest revenue and adjusted EBITDA in TETRA's history, with 2024 revenue growth over 2023 of over 9%.
Strategic Investments Yielding Returns
Capital investments in Brazil and the Gulf of America are supporting large projects, expected to return more than dollar for dollar in the first half of 2025.
Significant Deferred Tax Asset Utilization
TETRA eliminated the valuation allowance for deferred taxes, allowing for approximately $345 million of US taxable income to be offset, saving $97.5 million in cash taxes.
Positive Cash Flow Projections for 2025
Projected net income before taxes between $19 million and $34 million and adjusted EBITDA between $55 million and $65 million for the first half of 2025, with potential for over $50 million of free cash flow from the base business in 2025.
Successful Financing and Strong Liquidity
Cash on hand was $37 million, with total liquidity of almost $207 million as of February 2025.
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TTI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TTI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $4.10 | $3.93 | -4.15% |
| Oct 29, 2024 | $2.95 | $3.62 | +22.71% |
| Jul 31, 2024 | $3.73 | $3.60 | -3.49% |
| Apr 30, 2024 | $4.29 | $3.70 | -13.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Tetra Technologies Inc (TTI) report earnings?
Tetra Technologies Inc (TTI) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Tetra Technologies Inc (TTI) earnings time?
Tetra Technologies Inc (TTI) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TTI EPS forecast?
TTI EPS forecast for the fiscal quarter 2025 (Q1) is 0.07.
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