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. (NYSE: TTI) regularly issues news and updates that shed light on its activities across energy services, industrial chemicals, and critical minerals. Company news releases frequently include a standard overview describing TETRA as an energy services and solutions company focused on environmentally conscious services and solutions, with operations on six continents and a portfolio that spans Energy Services, Industrial Chemicals, and Critical Minerals.
Visitors to this news page can review announcements about quarterly financial results, including detailed commentary on segment performance, margins, and capital allocation. TETRA uses news releases to discuss developments in its Arkansas bromine project, updated mineral resource estimates under S-K 1300, and progress on its Evergreen Project and bromine processing facility in Southwest Arkansas.
The company also publishes news on its ONE TETRA 2030 strategy, outlining growth plans in Specialty Chemicals & Minerals, Water Treatment & Desalination, and Energy Services. These communications describe initiatives in battery electrolytes for long-duration energy storage, produced water desalination technologies such as TETRA Oasis TDS, and the development of critical minerals including bromine and lithium.
Additional news items cover investor conferences, Investor Day presentations, and executive leadership changes, providing context on how management is positioning the company. By following the TTI news feed, readers can access the company’s own descriptions of its operations, projects, and strategic priorities as they are disclosed over time.
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.
TETRA Technologies, Inc. (NYSE: TTI) will participate in The Microcap Rodeo's 2nd Annual Winter Wonderland Best Ideas Investor Conference from February 8-11, 2022. Management, including CEO Brady Murphy and CFO Elijio Serrano, will present on February 8 at 1:00 PM ET and will hold one-on-one meetings on February 10 and 11. Interested investors can register for the conference and access TETRA's presentation materials via the company's website, with the presentation posted on February 8. TETRA focuses on oil & gas products and services, expanding into low carbon energy markets.
TETRA Technologies, Inc. (NYSE:TTI) announced it will release its fourth quarter and full year 2021 results after market close on February 28, 2022. A conference call to discuss the results will be held on March 1, 2022, at 10:30 a.m. ET, hosted by President and CEO Brady M. Murphy and Senior Vice President and CFO Elijio V. Serrano. Investors can access the call through a toll-free number or by live audio webcast on the Company’s website.
TETRA Technologies (TTI) and Eos Energy Enterprises (EOSE) have forged a strategic agreement to enhance the manufacturing of Eos' Znyth® aqueous zinc batteries. The partnership focuses on high purity zinc-bromide supply, essential for battery performance. Eos reported a backlog of over $150 million and a potential pipeline of $3.7 billion, planning to increase manufacturing capacity to 800 MWh in 2022. This collaboration aims to strengthen domestic supply chains and align resources to optimize growth in the stationary storage market.
TETRA Technologies, Inc. (NYSE:TTI) will conduct one-on-one investor meetings during the 20th Annual Wells Fargo Virtual Midstream Utility & Renewables Symposium on December 8 and December 9, 2021. Key executives, including President and CEO Brady Murphy and CFO Elijio Serrano, will be available for discussions. Interested investors can schedule meetings via a Wells Fargo representative by emailing WFSCorporateAccess.MidstreamandUtilitySymposium@wellsfargo.com.
TETRA focuses on oil and gas products and services, and is expanding into low carbon energy solutions.
TETRA Technologies, Inc. (TTI) reported a 30% revenue increase year-over-year for Q3 2021, totaling $95 million. However, revenue declined 7% from Q2 due to seasonal factors and Hurricane Ida's impact, which cost approximately $11 million. The company posted a net income of $2.5 million, an improvement from a loss in Q2. Adjusted EBITDA rose to $15 million, facilitated by gains in Water & Flowback Services. Despite challenges, TETRA reduced debt by $8 million and is expected to see higher Q4 revenues from delayed projects.
TETRA Technologies, Inc. (NYSE:TTI) will release its third quarter 2021 earnings on November 1, 2021, post-market. A conference call to discuss the results will occur on November 2, 2021, at 10:30 a.m. Eastern Time, led by CEO Brady M. Murphy and CFO Elijio V. Serrano. Interested parties can join by calling 1-888-347-5303 or via live audio webcast on TETRA's website. The company focuses on oil and gas services, including innovative low carbon energy solutions and mineral development.
TETRA Technologies, Inc. (NYSE: TTI) will present at the H.C. Wainwright 23rd Annual Global Investment Virtual Conference from September 13-15, 2021. CEO Brady Murphy and CFO Elijio Serrano will provide an on-demand presentation starting on September 13 at 7:00 A.M. ET and will conduct one-on-one meetings on September 13 and 14. Interested parties can register for the presentation and meetings through the provided link. Presentation materials will be available on TETRA's website starting September 13.
TETRA Technologies reported second quarter 2021 revenue of $102 million, a 32% sequential increase from Q1 2021, benefitting from peak seasonal sales in Northern Europe. The net loss before discontinued operations narrowed to $6.7 million from $11.9 million in Q1. Adjusted EBITDA rose 44% to $13 million, driven by improved operational performance. Despite a cash flow decline, demand for completion fluids is expected to rise. The company is also expanding its facility in Finland and investing in low carbon energy initiatives, including a $5 million investment in CarbonFree.
TETRA Technologies reported a preliminary assessment of lithium and bromine exploration targets across approximately 31,100 net acres in the Smackover Formation, Arkansas. The assessment estimates bromine reserves between 2.54 and 8.58 million tons and lithium reserves between 16,000 and 53,000 tons. This translates to 85,000 to 286,000 tons of Lithium Carbonate Equivalent (LCE) at current market prices of $12,500 per ton for LCE and $3,174 per ton for bromine. TETRA aims to leverage these resources to enhance shareholder value amid growing demand for low carbon energy solutions.
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