Tetra Technlgs Stock Price, News & Analysis

TETRA Technologies (NYSE:TTI) has received approval from the Arkansas Oil & Gas Commission to expand its Evergreen Unit from 6,138 to 6,953 gross acres. A third-party test well within the expansion area showed higher-than-average lithium concentrations compared to the original unit.

Key developments include:

• Saltwerx, maintains approximately 35% interest in the brine interests
• TETRA completed an additional test well with promising results
• The expanded unit shows encouraging levels of magnesium and manganese, both U.S. critical minerals
• AOGC approved SWA Lithium's unit establishment under an option agreement with Standard Lithium and TETRA
• TETRA will receive a 2.5% royalty on gross revenues from lithium production while maintaining rights to bromine and other non-lithium minerals

The company plans to update its reservoir engineering model and publish a new resource study reflecting the expanded unit's mineral volumes.

TETRA Technologies (NYSE:TTI) has scheduled its first quarter 2025 earnings release and conference call. The company will release Q1 2025 results after market close on Tuesday, April 29, 2025, followed by a conference call on April 30, 2025, at 10:30 a.m. Eastern Time.

The conference call will be hosted by Brady M. Murphy, President and CEO, and Elijio V. Serrano, Senior Vice President and CFO. Investors can access the call via toll-free number 1-800-836-8184 or through a live audio webcast. A replay will be available at 1-888-660-6345 (conference number 17932#) for one week, and the webcast will be archived on the company's website for thirty days.

TETRA Technologies operates across six continents, focusing on Energy Services, Industrial Chemicals, and Critical Minerals, while expanding into the low-carbon energy market with chemistry expertise and mineral acreage.

TETRA Technologies (NYSE: TTI) announced that the investor group led by Brad Radoff has irrevocably withdrawn its four director nominees for the 2025 Annual Meeting of Shareholders. As a result, the meeting will proceed uncontested as previously scheduled.

The company plans to file a definitive proxy statement with the SEC in the near future. TETRA's Board and management expressed gratitude to shareholders for their constructive engagement and look forward to continued dialogue before and after the annual meeting.

TETRA Technologies operates across six continents, focusing on Energy Services, Industrial Chemicals, and Lithium Ventures. The company provides services to the oil and gas industry, calcium chloride applications, and is expanding into the low-carbon energy market leveraging its chemistry expertise, mineral acreage, and global infrastructure.

TETRA Technologies (NYSE: TTI) has announced a pilot project with EOG Resources utilizing TETRA Oasis Total Desalination Solution (TDS) for produced water treatment from oil and gas wells. The project, starting in first half 2025 in the Permian Basin, includes a rangeland grass growth study using processed water.

The technology has previously demonstrated a 92% recovery rate of desalinated water with total dissolved solids levels of 40-200 ppm in South Texas, exceeding average municipal drinking water standards. TETRA Oasis TDS incorporates proprietary treatment processes and exclusive membrane technologies designed for various produced water qualities across different oil and gas basins.

TETRA Technologies (NYSE: TTI) announced plans to continue its Board refreshment at the 2025 Annual Meeting. The company intends to nominate Julie Sloat, former Chair, President and CEO of American Electric Power Company, while director Mark E. Baldwin will retire. This follows five retirements and four additions over the past five years.

The company disclosed receiving a nomination notice from shareholder Brad Radoff for four candidates. TETRA noted that preliminary due diligence indicates poor performance records for some candidates, with Radoff-associated companies showing negative returns: Harte Hanks (-14.6%), Farmer Bros (-62.2%), and Enzo Biochem (-82.8%).

TETRA highlighted its strong performance metrics, including a five-year total shareholder return of 1117%, significantly outperforming the S&P Small Cap 600 Capped Energy index (279%) and Russell 2000 index (100%). The company maintains a robust strategy focusing on Completion Fluids & Products and Water & Flowback Services segments, with Return on Net Capital Employed averaging 17.8% over the last two years.

The Radoff-Torok Group, owning over 4.9% of TETRA Technologies (NYSE: TTI), has nominated four independent directors for election to TTI's Board, highlighting urgent need for change. The nominees are Simon Bates, Evan Behrens, Bradley L. Radoff, and Andrew K. Ruben.

The group criticizes TTI's decade-long 43% stock price decline while the Russell 2000 gained 66%. They point to issues including:

• Bloated corporate overhead and high debt levels
• Poor succession planning with over-age CEO and CFO
• Entrenched board members serving 11-13 years
• Lack of clear strategy for value creation

The Radoff-Torok Group recommends forming a Strategy Committee to review the portfolio, capital structure, and corporate overhead. They suggest divesting underperforming Water business segments and evaluating funding options for the Arkansas processing facility through partnerships and joint ventures.

TETRA Technologies (NYSE:TTI) has appointed Kurt Hallead as Treasurer and Vice President of Investor Relations, responsible for treasury, investor relations, and financial planning and analysis functions. Hallead brings over 30 years of experience as an equity research analyst in the energy sector, most recently serving as Head of Global Energy at The Benchmark Company, His previous roles include Managing Director and Head of Global Energy Research at RBC Capital Markets and portfolio manager at Cambridge Investment Partners.

TETRA is an energy services and solutions company operating across six continents, focusing on Energy Services, Industrial Chemicals, and Critical Minerals. The company provides services to the oil and gas industry, calcium chloride applications, and is expanding into the low-carbon energy market with chemistry expertise, mineral acreage, and global infrastructure.

TETRA Technologies (NYSE:TTI) has announced its participation in the Roth 37th Annual Conference in Dana Point, California, scheduled for March 17-18, 2025. CEO Brady Murphy and VP of Investor Relations Kurt Hallead will conduct one-on-one meetings with institutional investors during the event at The Laguna Cliffs Marriott Resort & Spa.

TETRA is an energy services and solutions company operating across six continents, focusing on:

• Energy Services
• Industrial Chemicals
• Critical Minerals

The company specializes in providing services to the oil and gas industry and calcium chloride applications. TETRA is also expanding into the low-carbon energy market, leveraging its chemistry expertise, mineral acreage, and global infrastructure to meet sustainable energy demands.

TETRA Technologies (NYSE:TTI) reported Q4 2024 results with GAAP income from continuing operations of $102 million ($0.77 per share), including a $97.5 million tax benefit. Q4 revenue was $134.5 million, down 5% sequentially, with Adjusted EBITDA of $22.8 million.

Key highlights include:

• Adjusted income from continuing operations of $3.9 million ($0.03 per share)
• Net cash from operations of $5.6 million
• Record high water treatment and recycling volumes
• Monetization of Kodiak Gas Services investment for $19 million

The company provided guidance for H1 2025, expecting net income before taxes of $19-34 million and adjusted EBITDA of $55-65 million. For full-year 2025, TETRA anticipates high single-digit to low double-digit revenue growth and over $50 million in free cash flow from base business. The company maintains strong liquidity of $207 million as of February 25, with net debt of $143 million.