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Tetra Technologies, Inc. - TTI STOCK NEWS

Welcome to our dedicated news page for Tetra Technologies (Ticker: TTI), a resource for investors and traders seeking the latest updates and insights on Tetra Technologies.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Tetra Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Tetra Technologies's position in the market.

Rhea-AI Summary
TETRA Technologies, Inc. appoints Angela D. John to its Board of Directors, bringing extensive energy industry experience to the company. The appointment aims to enhance TETRA's strategic initiatives and energy transition efforts, aligning with the company's focus on advancing aqueous chemistry solutions and expanding its energy portfolio.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.42%
Tags
management
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Rhea-AI Summary
TETRA Technologies, Inc. appoints Angela D. John to its Board of Directors, bringing extensive energy industry experience to the company. The appointment aims to enhance TETRA's strategic initiatives and energy transition efforts, aligning with the company's focus on advancing aqueous chemistry solutions and expanding its energy portfolio.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.22%
Tags
management
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Rhea-AI Summary
TETRA Technologies, Inc. appoints Angela D. John to its Board of Directors, bringing extensive energy industry experience to the company. The appointment aims to enhance TETRA's strategic initiatives and energy transition efforts, aligning with the company's focus on advancing aqueous chemistry solutions and expanding its energy portfolio.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.48%
Tags
management
Rhea-AI Summary
TETRA Technologies, Inc. (TTI) reported fourth quarter revenue of $153.1 million, a 4% increase year-over-year, with adjusted net income improving by 51%. Total year 2023 income from continuing operations saw a significant 235% rise. Adjusted EBITDA for the fourth quarter was $24.1 million, up 19% year-over-year, and total year Adjusted EBITDA increased by 37%. The company achieved various strategic milestones, including approval for a lithium production project in Arkansas. TETRA's financial performance in 2023 showcased strong growth and progress in generating cash flow, with a focus on long-term shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.97%
Tags
none
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Rhea-AI Summary
TETRA Technologies, Inc. announced its 2024 Annual Meeting of Stockholders to be held on May 21, 2024. The company focuses on energy services and solutions globally, emphasizing environmentally conscious practices and expanding into the low-carbon energy market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.78%
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none
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Rhea-AI Summary
TETRA Technologies, Inc. (NYSE:TTI) announced the release of fourth quarter and full year 2023 results, scheduled for February 27, 2024. The conference call will be hosted by President and CEO, Brady M. Murphy, and Senior Vice President and CFO, Elijio V. Serrano, on February 28, 2024. TETRA is an energy services company with a focus on bromine-based completion fluids, calcium chloride, water management solutions, frac flowback, and production well testing services. They are also expanding into low carbon energy markets with chemistry expertise, mineral acreage, and global infrastructure. The company's initiatives include commercialization of TETRA PureFlow® ultra-pure zinc bromide clear brine fluid for stationary batteries and energy storage, and development of lithium and bromine mineral acreage for oil and gas products and energy storage.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.07%
Tags
earnings
Rhea-AI Summary
TETRA Technologies, Inc. (NYSE: TTI) has secured a $265 million credit facility with Silver Point Finance, which will refinance existing debt and provide capital to advance the Arkansas bromine processing project. The new credit facility closed and funded on January 12, 2024, and it is priced at SOFR +575 basis points. TETRA is confident that it has the required capital for the proposed project, with existing liquidity of $142 million, free cash flow, and the $75 million delayed draw term loan.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.98%
Tags
none
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Rhea-AI Summary
TETRA Technologies, Inc. (NYSE:TTI) announced the completion of a Technical Resources Study for its Evergreen Brine Unit in Arkansas, revealing significant lithium and bromine resources. The study estimates a total of 1,413,000 tons of elemental bromine and 137,000 tons of lithium, with an estimated 729,251 tons of lithium carbonate equivalent (LCE). The report reflects higher confidence in the existence of the resources and indicates potential for over 50 years of production for lithium and bromine. TETRA is also expanding into low carbon energy markets with initiatives such as TETRA PureFlow® for stationary batteries and carbon capture utilization and storage technology with CarbonFree.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.59%
Tags
none
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Rhea-AI Summary
TETRA Technologies, Inc. reported third quarter 2023 financial results with revenue of $151.5 million, a 12% YoY increase. Net income before discontinued operations was $5.5 million, and adjusted EBITDA was $26.1 million, a 40% YoY increase. TETRA achieved unanimous approval for a joint brine unit application and obtained positive results from a test well for lithium and bromine production. Standard Lithium exercised its option to acquire lithium mineral rights. The company expects strong cash flow in Q4.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.05%
Tags
earnings
Rhea-AI Summary
TETRA Technologies, Inc. to release Q3 2023 results and host conference call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.83%
Tags
earnings
Tetra Technologies, Inc.

NYSE:TTI

TTI Rankings

TTI Stock Data

576.43M
117.22M
9.97%
73.51%
2.37%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
US
The Woodlands

About TTI

tetra technologies, inc. is a leading, geographically diversified oil and gas services company, focused on completion fluids and associated products and services, water management, frac flowback, production well testing, and offshore rig cooling. in addition, it is the world's largest, vertically integrated producer, marketer and distributor of calcium chloride, which it supplies as feedstocks along with its brominated products for its completion fluids business, as well as for applications in a variety of other markets. headquartered in the woodlands, texas, tetra is a global company with employees and operations on six continents.