Tetra Technologies: Q1 Earnings Insights

Shares of Tetra Technologies TTI jumped 42% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share increased 150.00% over the past year to $0.02, which beat the estimate of ($0.08).

Revenue of $222,942,000 less by 8.53% from the same period last year, which beat the estimate of $221,650,000.

Guidance

Tetra Technologies hasn't issued any earnings guidance for the time being.

Tetra Technologies hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: May 05, 2020

Webcast URL: https://www.webcaster4.com/Webcast/Page/1158/32867

Technicals

Company's 52-week high was at $2.40

Company's 52-week low was at $0.22

Price action over last quarter: down 66.67%

Company Description

Tetra Technologies Inc is a diversified oil and gas services company, focused on completion fluids and associated products and services, water management, frac flowback, production well testing, offshore rig cooling, and compression services. It has three reporting segments namely Completion Fluids & Products, Water & Flowback Services, and Compression. The Completion Fluids & Products Division manufactures and markets clear brine fluids, additives, and associated products and services. The Water & Flowback Services Division provides onshore oil and gas operators with comprehensive water management services. The Compression Division is a provider of compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage.