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THE WOODLANDS, Texas, May 4, 2021 /PRNewswire/ TETRA Technologies, Inc. ( TETRA or the Company ) (NYSE:TTI) today announced first quarter 2021 results.
First quarter 2021 revenue was $77 million, a sequential increase of 2% over the fourth quarter of 2020. Net loss before discontinued operations was $11.9 million, inclusive of $6.6 million of non-recurring charges and expenses. This compares to a net loss before discontinued operations of $7.1 million in the fourth quarter, inclusive of $3.4 million of non-recurring charges and expenses. Net income per share attributable to TETRA stockholders in the first quarter was $0.86, which includes a $121 million gain following the deconsolidation of CSI Compressco LP ( CSI Compressco ), approximately $107 million of which was non-cash. Excluding the non-recurring charges and expenses, the net loss per share attributable to TETRA stockholders was $0.04. Adjusted EBITDA excluding non-recurr