TTI Q2 2023 Earnings — TETRA Technologies, Inc. Revenue & Financial Results | Market Cap Arena

TTITETRA Technologies, Inc.

$1B

Q2 2023 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$175M+24.7% YoY

Gross Profit

$47M26.7% margin

Operating Income

$21M11.7% margin

Net Income

$18M10.4% margin

EPS (Diluted)

$0.14

QoQ Revenue Growth

+20.0%

Cash Flow

Operating Cash Flow

$28M

Free Cash Flow

$18M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$470M

Total Liabilities

$333M

Stockholders' Equity

$138M

Cash & Equivalents

$28M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$175M	$141M	+24.7%
Gross Profit	$47M	$30M	+57.4%
Operating Income	$21M	$6M	+236.7%
Net Income	$18M	$2M	+943.8%

Revenue Segments

Completion Fluids & Products Division

$98M56%

Water & Flowback Services

$77M44%