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Share Name | Share Symbol | Market | Type |
---|---|---|---|
TETRA Technologies | NYSE:TTI | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.005 | -0.13% | 3.855 | 3.90 | 3.84 | 3.86 | 172,517 | 16:41:45 |
Delaware
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1-13455
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74-2148293
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(State or other jurisdiction
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(Commission File Number)
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(IRS Employer
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of incorporation)
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Identification No.)
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24955 Interstate 45 North
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||
The Woodlands, Texas 77380
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(Address of Principal Executive Offices and Zip Code)
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Registrant’s telephone number, including area code:
(281) 367-1983
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•
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Consolidated and Segment adjusted income before taxes, excluding the Company’s Maritech segment and special charges
. Management believes that following the sale of essentially all of Maritech’s oil and gas properties, it is helpful to show the Company’s results excluding the impact of the costs and charges relating to the decommissioning of Maritech’s remaining properties since these results will show TETRA’s historical results of operations on a basis consistent with expected future operations. Management also believes that the exclusion of the special charges from the historical results of operations enables management to evaluate more effectively the Company’s operations over the prior periods and to identify operating trends that could be obscured by the excluded items.
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•
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Adjusted EBITDA
. Adjusted EBITDA is defined as adjusted earnings before interest, taxes, depreciation, amortization and equity compensation expenses. Adjusted EBITDA may be presented on a consolidated and segment basis. Management uses Adjusted EBITDA as a supplemental financial measure to assess the financial performance of the Company’s assets, without regard to financing methods, capital structure or cost basis, and to assess the Company’s ability to incur and service debt and fund capital expenditures.
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•
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Net Debt
. Net Debt is defined as the sum of long-term and short-term debt on the Company’s consolidated balance sheet less cash, excluding restricted cash on the consolidated balance sheet and excluding the debt and cash of CSI Compressco LP. Management believes that Net Debt provides information concerning the Company’s ability to reduce debt, add to cash balances, pay dividends, repurchase stock, and fund investing and financing activities.
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•
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Adjusted free cash flow
. Adjusted free cash flow is cash from operations, excluding cash settlements of Maritech’s asset retirement obligations, less capital expenditures net of sales proceeds, and including cash distributions to TETRA from CSI Compressco LP. Management believes this is an important supplemental financial measure because it allows management to assess the Company’s ability to retire debt, and evaluate the capacity to further invest and grow.
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Exhibit Number
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Description
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99.1
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Press Release, dated August 8, 2016, issued by TETRA Technologies, Inc.
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TETRA Technologies, Inc.
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By:
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/s/Stuart M. Brightman
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Stuart M. Brightman
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President & Chief Executive Officer
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Date: August 8, 2016
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Exhibit Number
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Description
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99.1
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Press Release, dated August 8, 2016, issued by TETRA Technologies, Inc.
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1 Year TETRA Technologies Chart |
1 Month TETRA Technologies Chart |
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