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. (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.
TETRA Technologies, Inc. (NYSE: TTI) announced the sale of its interests in CSI Compressco LP for $30.7 million, which could rise to $33.8 million with contingent payments. The transaction includes selling 10.95 million common units and 15 large compressors. Following this, TETRA will reflect CSI Compressco as an asset held for sale and discontinue consolidation in its financials starting Q1 2021. The divestment aims to improve financial transparency and leverage, potentially yielding an accounting gain of $110 million to $135 million. TETRA's fourth quarter 2020 results indicate a 45% revenue growth in Water Management and positive free cash flow for all quarters of 2020.
CSI Compressco LP (NASDAQ: CCLP) has declared a cash distribution of $0.01 per common unit for the quarter ending on December 31, 2020, equating to an annualized amount of $0.04. The distribution will be paid on February 12, 2021, to unitholders of record by January 29, 2021. Additionally, the company plans to announce its fourth quarter and full-year 2020 results before market opening on February 24, 2021, followed by a conference call at 10:30 a.m. ET.
TETRA Technologies, Inc. (NYSE:TTI) will announce its fourth quarter and full year 2020 financial results on February 25, 2021, before market opening. A conference call hosted by President and CEO Brady M. Murphy and CFO Elijio V. Serrano will follow at 10:30 a.m. Eastern Time to discuss the results. Investors can join the call at 1-888-347-5303 or via live webcast on TETRA's website. A replay will be available afterward. TETRA specializes in oil and gas services, including completion fluids, water management, and has a significant interest in CSI Compressco LP (NASDAQ:CCLP).
TETRA Technologies, Inc. has appointed Tim Moeller as Senior Vice-President to spearhead initiatives focused on its industrial products and mineral resources, particularly in Arkansas. The company aims to leverage its extensive lithium carbonate and bromine resources to support advancements in carbon capture and energy storage. TETRA holds 27,000 acres of brine leases with inferred lithium resources of 884,000 tons and bromine resources of 3.9 million tons. This focus aligns with the growing energy storage market, but financial benefits from these initiatives are projected to be long-term.