TETRA Technologies, Inc. (NYSE:TTI) Q3 2024 Earnings Conference Call October 30, 2024 10:30 AM ET

Company Participants

Julian Higuera - Director-FP&A and Investor Relations
Brady Murphy - President and Chief Executive Officer
Elijio Serrano - Senior Vice President and Chief Financial Officer

Conference Call Participants

Stephen Gengaro - Stifel
Kurt Hallead - Benchmark
Martin Malloy - Johnson Rice
Bobby Brooks - Northland Capital Markets
Josh Jayne - Daniel Energy Partners
Jesse Sobelson - EF Houghton
Dan Weston - WestCap Management

Operator

Good morning and welcome to TETRA Technologies' Third Quarter 2024 Results Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note that this event is being recorded.

I'll now turn the conference over to Julian Higuera. Please go ahead.

Julian Higuera

Thank you, Vincent. Good morning and thank you for joining TETRA's third quarter 2024 results call. The speakers for today's call are Brady Murphy, Chief Executive Officer and Elijio Serrano, Chief Financial Officer.

I would like to remind you that this conference call may contain statements that are or may be deemed to be forward-looking, including projections, financial guidance, profitability and estimated earnings. These statements are based on certain assumptions and analysis made by TETRA and are based on several factors. These statements are subject to several risks and uncertainties, many of which are beyond the control of the company.

You are cautioned that such statements are not guarantees of future performance and that actual results may differ materially from these projected in the forward-looking statements. In addition, in the course of the call, we may refer to EBITDA, adjusted EBITDA, adjusted EBITDA margin, free cash flow, net debt, net leverage ratio, liquidity, returns on net capital employed and other non-GAAP financial measures.

Please refer to yesterday's press release or to our public website for reconciliations of non-GAAP financial measures to the nearest GAAP measures. These reconciliations are not subject for financial information prepared in accordance with GAAP and should be considered within the context of our complete financial results for the period.

In addition to our press release announcement, we encourage you to refer to our 10-Q that we also filed yesterday. I will now turn it over to Brady.

Brady Murphy

Thank you, Julian. Good morning, everyone and welcome to TETRA's third quarter 2024 Earnings Call. I'll summarize some highlights from our third quarter results and provide an update on our strategic initiatives before turning the call over to Elijio to discuss more details on third quarter financials and additional perspectives looking forward with some views on 2025.