Earnings ·
TETRA Reports Q3 Revenue of $168M, Highest in a Decade
TTITetra Technologies Inc
TETRA Technologies reported third-quarter revenue of $168.0 million, its highest for the period in ten years, up 10% year over year. Net income was $6.8 million, or $0.05 per share, while adjusted EBITDA reached $25.1 million. The company also announced an amendment to its $190 million term credit agreement in early October, extending maturity to December 31, 2030 and reducing the interest rate margin by 75 basis points. TETRA operates as an energy services and solutions company providing products and services to the oil and gas industry.