Tetra Technologies reports Q1 adjusted EPS 11c, consensus 8c

Reports Q1 revenue $157M, consensus $159.71M. Brady Murphy, TETRA President and CEO, stated, “We are very pleased with our record Q1 Adjusted EBITDA of $32.3M, which increased 41% sequentially and also compared to last year, led by strong performance from Completion Fluids and Products. Total revenue of $157M increased 17% sequentially and 4% from last year. During the quarter, we successfully completed the first of the three scheduled TETRA CS Neptune wells and made significant progress on the second well which was subsequently completed in April.”