Welcome to our dedicated page for Tetra Technlgs news (Ticker: TTI), a resource for investors and traders seeking the latest updates and insights on Tetra Technlgs stock.
TETRA Technologies, Inc. reports news on an energy services and solutions business with operations across Energy Services, Industrial Chemicals and Critical Minerals. Company updates commonly cover quarterly results, Completion Fluids & Products performance, Water & Flowback Services activity, industrial chemicals demand, production testing, and balance-sheet measures such as cash flow, debt and capital expenditures.
News also follows TETRA's expansion beyond traditional oil and gas services into low-carbon energy and critical minerals, including chemistry-based initiatives, mineral acreage and the Arkansas Evergreen Project. Other recurring items include investor conference participation, earnings-call scheduling and strategic updates tied to calcium chloride, bromine, lithium and magnesium opportunities.
TETRA Technologies, Inc. (NYSE: TTI) plans to release its second quarter 2022 earnings on August 1, 2022, after market close. A conference call to discuss the results will take place on August 2, 2022, at 10:30 a.m. ET, featuring CEO Brady M. Murphy and CFO Elijio V. Serrano. TETRA, a provider of oil and gas products and services, is also advancing initiatives in low carbon energy markets, including TETRA PureFlow® for energy storage and innovative carbon capture technology with CarbonFree. For more details, visit www.tetratec.com.
TETRA Technologies, Inc. (NYSE:TTI) will participate in three investor conferences in June 2022. On June 7, TETRA will present at the Cowen and Company 2nd Annual Sustainability & Energy Transition Summit, from 9:50 to 10:20 A.M. (ET). The next day, June 8, TETRA will host a breakout session at the RBC Capital Markets Global Energy and Power Infrastructure Conference from 1:20 to 1:50 P.M. (ET). Finally, on June 9, TETRA will engage in a fireside chat at the Stifel 2022 Cross Sector Insight Conference from 8:35 to 9:05 A.M. (ET). Interested parties can register online for each event.
TETRA Technologies, Inc. (NYSE:TTI) will participate in the Louisiana Energy Conference (LEC 2022) from June 1-3, 2022, in New Orleans. Senior management, including Tim Moeller and Jacek Mucha, will be featured on a panel discussing U.S. Onshore Oil Field Services on June 3 and will conduct one-on-one meetings on June 2-3. LEC 2022 aims to connect investment professionals and energy industry participants through various presentations and panel discussions on key energy topics. Interested parties can register for participation via the conference link.
TETRA Technologies, Inc. (NYSE:TTI) announced the completion of a board leadership transition, with John "Jay" F. Glick succeeding William D. Sullivan as chairman effective May 24, 2022. Sullivan retired after overseeing significant restructuring of the company, positioning it for growth in traditional and low carbon energy sectors. CEO Brady Murphy praised Sullivan's leadership during challenging times, while highlighting Glick's extensive experience in energy services and his familiarity with TETRA's strategies as key to guiding the board forward.
TETRA Technologies, Inc. (NYSE: TTI) will present at the H.C. Wainwright Annual Global Investment Conference in Miami, Florida, from May 23-26, 2022. Brady Murphy, President and CEO, and Elijio Serrano, CFO, will present on May 25 at 12:30 P.M. ET and will host one-on-one meetings that day. Interested parties can register for the event at www.hcwevents.com/annualconference. Presentation materials will be available on TETRA's website on the same date.
TETRA Technologies, Inc. (NYSE:TTI) reported first quarter 2022 revenue of $130 million, a 68% increase year-on-year and a 15% rise sequentially. The company achieved a net income of $7.7 million, recovering from a net loss of $703,000 in the previous quarter. Adjusted EBITDA rose to $20.5 million, reflecting improved onshore and offshore activities. Cash flow from operations was $5.9 million, while adjusted free cash flow was a use of $2.9 million. TETRA's net leverage ratio improved to 2.1X at quarter-end, marking its best position since Q2 2018.
TETRA Technologies, Inc. (NYSE:TTI) will release its first quarter 2022 earnings on May 2, 2022, post-market. A conference call, led by President and CEO Brady M. Murphy and CFO Elijio V. Serrano, will occur on May 3, 2022, at 10:30 a.m. ET to discuss the results. Investors can access the call via a toll-free number or a live audio webcast on the company's website. TETRA focuses on oil and gas services and is expanding into low carbon energy markets, including the commercialization of TETRA PureFlow® and carbon capture technologies.
TETRA Technologies, Inc. (NYSE:TTI) reported a fourth quarter 2021 revenue of $113 million, marking a 19% increase from Q3 2021 and a 50% rise compared to Q4 2020. Despite a net loss of $703,000, adjusted EBITDA reached $13.1 million. The company's revenue was bolstered by product demand in the Gulf of Mexico and international markets. Cash flow from operations was $(5.8) million, but adjusted free cash flow stood at $7.4 million. The company reduced long-term debt by $13 million, improving its net leverage ratio to 2.7x. TETRA also made significant strides in low carbon energy initiatives.
TETRA Technologies, Inc. (NYSE: TTI) has announced that its 2022 Annual Meeting of Stockholders is scheduled for May 24, 2022, at 11:00 a.m. Central Time. The meeting will take place at the company's headquarters in The Woodlands, Texas. TETRA is known for its industrial and oil & gas products and services, including innovative solutions in low carbon energy markets. The company is advancing projects like TETRA PureFlowTM for energy storage and carbon capture technologies.
TETRA Technologies, Inc. (NYSE:TTI) has appointed Sharon Booth McGee to its Board of Directors as of February 7, 2022. McGee, a veteran in the global chemicals sector with significant expertise in lithium and bromides, will also join the Nominating, Governance and Sustainability Committee and the Human Capital Management and Compensation Committee. This appointment follows the addition of Shawn Williams to the board, reinforcing TETRA's strategy in aqueous chemistry solutions and low carbon energy initiatives. McGee's previous role was at Albemarle Corporation, contributing to key strategic discussions.