Tetra Technlgs Stock Price, News & Analysis

TETRA Technologies reported a first quarter 2021 revenue of $77 million, up 2% sequentially. The company faced a net loss before discontinued operations of $11.9 million, compared to $7.1 million in the previous quarter. A significant highlight was a $121 million gain from the deconsolidation of CSI Compressco. Adjusted EBITDA was $9 million, impacted by adverse weather costs. Cash flow from operations dropped to $5.8 million. TETRA reduced its total debt by $29 million, ending the quarter with $171 million in total debt.

TETRA Technologies has signed a memorandum of understanding (MOU) with CarbonFree to advance the commercialization of the SkyCycle technology, a carbon capture solution that mineralizes CO₂. This partnership leverages TETRA's expertise in calcium chloride production. The collaboration, which began in November 2020, aims for a definitive agreement within a year, potentially involving investments from TETRA. The initiative aligns with TETRA's strategy to grow in the low carbon energy market, emphasizing cost-effective solutions for carbon capture and mineralization.

TETRA Technologies, Inc. (TTI) will release its first quarter 2021 financial results on May 4, 2021, before the market opens. A conference call with President and CEO Brady M. Murphy and CFO Elijio V. Serrano will follow at 10:30 a.m. Eastern Time to discuss these results. Interested parties can listen by calling 1-888-347-5303 or via a live audio webcast on the company’s website. A replay will be accessible for one week after the call.

TETRA is focused on oil and gas services, offering completion fluids, water management, and more.

TETRA Technologies, Inc. announced the appointment of Shawn D. Williams to its Board of Directors, effective March 31, 2021. Williams brings extensive experience in the specialty chemicals industry, having previously served as CEO of Nexeo Plastics and in leadership roles at Momentive and General Electric. His expertise is expected to enhance TETRA's strategic initiatives in fluids and aqueous chemistry. The company also holds an 11% equity interest in CSI Compressco LP (CCLP), indicating its active engagement in related sectors.

TETRA Technologies (NYSE: TTI) announced that its senior management will conduct a virtual presentation at the 49th Annual Scotia Howard Weil Energy Conference on March 24, 2021, at 3:00 PM CST. Interested investors can register to listen to the presentation via the link provided. The presentation materials will be available on TETRA's website in the Investor Relations section prior to the event. TETRA specializes in oil and gas services, focusing on completion fluids, water management, and production well testing.

TETRA Technologies reported its full year and Q4 2020 results, reflecting a significant operational shift. The company generated over $30 million from selling assets including 10.95 million common units of CSI Compressco. Although total revenue dropped 33% year-over-year to $377.7 million, adjusted EBITDA improved to $49.1 million, with margins rising to 13%. TETRA achieved $26 million in free cash flow from continuing operations despite the challenging market, reducing net debt to $133 million. The firm also noted a strong demand for its calcium chloride business in early 2021.

TETRA Technologies, Inc. (NYSE:TTI) has announced its 2021 Annual Meeting of Stockholders scheduled for May 26, 2021, at 11:00 a.m. Central Time. The meeting will take place at the company's headquarters in The Woodlands, Texas. TETRA is a diversified oil and gas services company offering completion fluids, water management, and production well testing services, among other products.

TETRA Technologies has announced its compliance with the NYSE's minimum average closing share price requirement. On February 1, 2021, the NYSE confirmed that TETRA's average closing price for the 30 days ending January 31, 2021, was above $1.00 per share. As a result, TETRA is no longer considered below the minimum listing criterion. This compliance allows the company to maintain its listing on the NYSE, ensuring continued access to capital markets.