TETRA Technologies' (TTI) CEO Brady Murphy on Q3 2020 Results - Earnings Call Transcript

TETRA Technologies, Inc. (NYSE:TTI) Q3 2020 Earnings Conference Call November 3, 2020 9:30 AM ET

Company Participants

Elijio Serrano – Chief Financial Officer
Brady Murphy – Chief Executive Officer

Conference Call Participants

Jim Roumell – Roumell Asset Management
Stephen Gengaro – Stifel
Joseph Von Meister – Intermarket

Operator

Good morning, and welcome to TETRA Technologies Third Quarter 2020 Results Conference Call. The speakers for today’s call are Brady Murphy, Chief Executive Officer; and Elijio Serrano, Chief Financial Officer. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I’ll now turn the conference over to Mr. Serrano. Please go ahead.

Elijio Serrano

Good morning, and welcome to TETRA Technologies third quarter 2020 results conference call. I would like to remind you that this conference call may contain statements that are, or maybe deemed to be forward-looking. These statements are based on certain assumptions and analysis made by TETRA and are based on a number of factors.

These statements are subject to a number of 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 those projected in the forward-looking statements.

In addition, in the course of the call, we may refer to EBITDA, gross margins, adjusted EBITDA, adjusted EBITDA gross margins, adjusted free cash flow, distributable cash flow, distribution coverage ratio, leverage ratio, or other non-GAAP financial measures. Please refer to this morning’s press release or to our public website for reconciliation of non-GAAP financial measures to the nearest GAAP measures.

These reconciliations are not a substitute for financial information prepared in accordance with GAAP and should be