TETRA Sees Q2 Revenues At High End Of Prior Outlook Range

RTTNews | 839天前
TETRA Sees Q2 Revenues At High End Of Prior Outlook Range

(RTTNews) - TETRA Technologies, Inc. (TTI), an energy services and solutions company, announced Wednesday that it expects net income before taxes and discontinued operations and Adjusted EBITDA for the second quarter to be above the guidance range previously provided.

TETRA had previously anticipated in net income before taxes and discontinued operations to be between $11.5 million and $13.5 million. Adjusted EBITDA was previously anticipated to be between $27 million and $30 million.

This up gradation is based on strong performance by the Company's industrial calcium chloride business, strong offshore completion fluids activity and improved Water and Flowback Services margins.

The company said anticipated Adjusted EBITDA excludes mark-to-market gains or losses from investments and non-recurring charges and expenses.

Revenue for the second quarter is expected to be at the high end of the previously provided guidance range of between $165 million and $175 million.

Further, TETRA expects second quarter cash flow from operating activities and adjusted free cash flow from continuing operations to be meaningfully above that same measure versus the first quarter of 2023.

read more
FTSE 100 Climbs Higher; Segro, HSBC Holdings Post Strong Gains

FTSE 100 Climbs Higher; Segro, HSBC Holdings Post Strong Gains

The FTSE 100 index of the U.K. market is modestly higher on Tuesday with investors picking up stocks ahead of quarterly earnings announcements from big name companies, due from this week. Slightly easing U.S.-China trade tensions appear to be aiding sentiment a bit.
RTTNews | 11分钟前
CAC 40 Advances; Edenred Soars On Strong Earnings

CAC 40 Advances; Edenred Soars On Strong Earnings

French stocks are modestly higher on Tuesday amid slightly easing U.S.-China trade tensions, and expectations of a resolution to the government shutdown in the U.S. Investors are reacting to some corporate earnings updates
RTTNews | 38分钟前
UK Budget Deficit Overshoots Estimate

UK Budget Deficit Overshoots Estimate

The UK budget deficit surpassed the official estimate in the financial year to September, reaching the second highest level on record due to higher debt costs, data from the Office for National Statistics showed on Tuesday. In the first half of the year, public sector net borrowing rose by GBP 11.5 billion from the last year to GBP 99.8 billion.
RTTNews | 1小时1分钟前
DAX Modestly Lower In Cautious Trade; Siemens Energy, BASF Drift Lower

DAX Modestly Lower In Cautious Trade; Siemens Energy, BASF Drift Lower

German stocks are somewhat subdued on Tuesday with investors looking for directional clues. With earnings updates set to pour in from this week, investors are currently following the developments on the trade front and tracking geopolitical news as well.
RTTNews | 1小时22分钟前
Asian Shares Climb As Sino-US Tensions Ease

Asian Shares Climb As Sino-US Tensions Ease

Asian stocks advanced on Tuesday after U.S. President Donald Trump has stated that the United States and China are on track for a significant trade agreement, adding that Beijing had been "very respectful" and was already paying "tremendous amounts of money" under existing tariffs.
RTTNews | 3小时6分钟前
European Shares Seen Tad Higher At Open

European Shares Seen Tad Higher At Open

European stocks are seen opening a tad higher on Tuesday, with U.S.-China tensions and the latest batch of quarterly earnings results likely to be in focus.
RTTNews | 6小时1分钟前