Exhibit 99.1








THE WOODLANDS, Texas, February 28, 2018 / PR Newswire / - TETRA Technologies, Inc. (“TETRA” or the “Company”) (NYSE:TTI) announced consolidated fourth quarter 2017

net loss per share attributable to TETRA stockholders of $0.25, which compares to consolidated earnings of $0.03 per share attributable to TETRA stockholders in the third quarter of 2017 and net loss per share of $0.33 in the fourth quarter of 2016.


TETRA's adjusted per share results attributable to TETRA stockholders for the fourth quarter of 2017, excluding Maritech and special items, were a loss per share of $0.04, which compares to adjusted earnings per share of $0.04 in the third quarter of 2017 and adjusted loss of $0.16 in the fourth quarter of 2016, also excluding Maritech and special items. Fourth quarter 2017 revenue of $228 million increased 5% from the third quarter of 2017 and 31% from the fourth quarter of last year.  



(Adjusted earnings/loss per share is a non-GAAP financial measure that is reconciled to the nearest GAAP measure in the accompanying schedules.)


Fourth Quarter 2017 Results


Three Months Ended


December 31, 2017


September 30, 2017


December 31, 2016


(In Thousands, Except per Share Amounts)













Net income (loss)









Net income (loss) attributable to TETRA stockholders









Adjusted EBITDA excluding Maritech(1)









EPS attributable to TETRA stockholders









Adjusted diluted EPS attributable to TETRA stockholders(1)









Consolidated net cash provided (used) by operating activities









TETRA only adjusted free cash flow(1)












    (1) Non-GAAP financial measures are reconciled to GAAP in the schedules below.


Highlights include:


Announced on February 14 an agreement to expand our Permian Basin water management operations with the acquisition of SwiftWater Energy Services.  This acquisition is expected to be immediately accretive to cash flow and EBITDA and we expect to close this transaction this week.


Announced additions to the executive team with the appointment on February 12, 2018 of Brady Murphy as TETRA’s President and Chief Operating Officer and the appointment on November 20, 2017 of Owen Serjeant as CSI Compressco’s President.  Our new executives will support TETRA and CSI Compressco in their efforts to take advantage of a recovering market



The following information was filed by Tetra Technologies Inc (TTI) on Wednesday, February 28, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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