TETRA Technologies, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 31, 2023 at 05:10 pm EDT
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TETRA Technologies, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 175.46 million compared to USD 140.72 million a year ago. Net income was USD 18.22 million compared to USD 1.75 million a year ago. Basic earnings per share from continuing operations was USD 0.14 compared to USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.14 compared to USD 0.01 a year ago. Basic earnings per share was USD 0.14 compared to USD 0.01 a year ago. Diluted earnings per share was USD 0.14 compared to USD 0.01 a year ago.
For the six months, revenue was USD 321.67 million compared to USD 270.75 million a year ago. Net income was USD 24.26 million compared to USD 9.47 million a year ago. Basic earnings per share from continuing operations was USD 0.19 compared to USD 0.07 a year ago. Diluted earnings per share from continuing operations was USD 0.19 compared to USD 0.07 a year ago. Basic earnings per share was USD 0.19 compared to USD 0.07 a year ago. Diluted earnings per share was USD 0.19 compared to USD 0.07 a year ago.
TETRA Technologies, Inc. is an energy services and solutions company. The Company is focused on bromine-based completion fluids, calcium chloride, water management solutions, frac flowback, and production well testing services. The Company's segments include Completion Fluids & Products Division and Water & Flowback Services Division. The Completion Fluids & Products Division manufactures and markets clear brine fluids (CBFs), additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States and in certain countries in Latin America, Europe, Asia, the Middle East, and Africa. The Water & Flowback Services Division provides a range of water management services that support hydraulic fracturing in unconventional well completions for domestic onshore oil and gas operators. These services include fresh and produced water analysis, treatment and recycling, blending and distribution and others.
TETRA TECHNOLOGIES, INC. 
