TTI Earnings Prediction
The chart below shows how TTI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TTI sees a -1.62% change in stock price 10 days leading up to the earnings, and a +0.06% change 10 days following the report. On the earnings day itself, the stock moves by +2.57%. This data can give you a slight idea of what to expect for the next quarter's release.
TTI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
141.70M
-6.45%
-17.59%
Gross Margin
24.33%
-2.84%
-3.30%
Operating Margin
8.54%
52.50%
-30.57%
Net Margin
2.00%
-44.60%
-54.95%
EPS
-0.02
-150.00%
-133.33%
No Data Available
TTI Earnings Analysis
TETRA Technologies, Inc. Corporation (TTI.N) Earnings Conference Call
Positive
Adjusted EBITDA Margin Performance: 1. Strong Adjusted EBITDA Margins: TETRA Technologies achieved adjusted EBITDA margins of 31.7% for Completion Fluids & Products and 14.6% for Water & Flowback Services, demonstrating solid profitability despite market challenges.
Produced Water Recycling Record: 2. Record Produced Water Recycling: The company set an all-time record for produced water recycling for frac reuse in Q3 2024, with expectations to surpass this record in Q4 2024, indicating strong operational performance and customer demand.
Free Cash Flow Generation: 3. Significant Free Cash Flow Generation: TETRA generated $19.9 million in adjusted free cash flow from continuing operations in Q3 2024, showcasing effective cash management and operational efficiency.
Strong Liquidity Position: 4. Robust Liquidity Position: The company reported a liquidity of approximately $197 million at the end of Q3 2024, which includes a $75 million delayed draw feature for future projects, ensuring financial flexibility for growth initiatives.
Strategic Partnership Success: 5. Successful Strategic Partnerships: TETRA's collaboration with Eos Energy for the production of PureFlow+ and electrolyte has positioned the company to meet anticipated demand, contributing to a strong outlook for 2025.
Negative
Revenue Decline Analysis: 1. Declining Revenue: Third quarter revenue of $142 million was down 6% year-on-year and from Q1 2024, indicating a negative trend in sales performance.
Decline in Adjusted EBITDA: 2. Decreased Adjusted EBITDA: Adjusted EBITDA for Q3 2024 was $23.5 million, down $2.5 million from Q3 2023, reflecting a decline in profitability.
Decline in Frac Crew Activity: 3. Lower Customer Activity: U.S. onshore frac crew activity has decreased by nearly 25% over the past 18 months, leading to reduced completion-related revenues and pressure on margins.
Q4 Performance Outlook: 4. Anticipated Q4 Slowdown: The fourth quarter is expected to mirror or slightly decline from Q3 performance due to hurricane impacts on customer completion schedules, indicating ongoing operational challenges.
Cost Management Strategies: 5. Cost Reduction Actions: A series of cost reduction actions were initiated, including a 6% reduction in SG&A headcount, highlighting the need to manage expenses in a challenging market environment.
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TTI Earning Call Sentiment
TETRA Technologies, Inc. (TTI) Q3 2024 Earnings Call Transcript
TTI.N
1.13%Positive
The earnings call reveals mixed signals: while there are strategic partnerships and projects like CS Neptune and Eos, financial performance has been lackluster with revenue declines and no clear guidance on key projects. Despite solid financial health indicators like liquidity and leverage, the lack of specific guidance and uncertain project outcomes temper positive sentiment. The Q&A highlighted management's cautious optimism but also their inability to provide detailed forecasts, leading to a neutral outlook for the stock price in the short term.
