TETRA Technologies Reports Q4 EPS of $0.10 vs. $0.07

TETRA Technologies, Inc. TTI today announced fourth quarter 2010 results from continuing operations of a net loss of $(0.83) per fully diluted share compared to net earnings of $0.33 per fully diluted share reported in the fourth quarter of 2009. Fourth quarter 2010 results include special charges totaling $109 million of pretax income, or approximately $0.93 per share after tax, related to asset impairments, oil and gas property impairments and other charges as detailed in the Company's February 11, 2011 press release. Excluding special charges and credits for the respective quarters, fourth quarter 2010 adjusted net income from continuing operations was approximately $0.10 per fully diluted share, after tax, compared to an adjusted $0.15 per fully diluted share in the fourth quarter of 2009.