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.
CSI Compressco LP (NASDAQ: CCLP) reported a net loss of $12.6 million for Q3 2020, which is an improvement from a loss of $24.6 million in the previous quarter. Revenues fell 18% to $79 million, attributed to decreased equipment sales. Adjusted EBITDA rose to $27.8 million, marking a 3% increase. The company exited the New Equipment Sales market, selling its Midland fabrication facility for $17 million. The introduction of the HelixTM telemetry system aims to enhance performance. Despite a decline in utilization, equipment on standby significantly decreased from earlier in the year.
CSI Compressco LP (NASDAQ: CCLP) declared a cash distribution of $0.01 per common unit for Q3 2020, equating to $0.04 annually. This distribution is set to be paid on November 13, 2020 to unitholders of record as of November 1, 2020.
The company plans to release its Q3 2020 results before market opening on November 2, 2020, followed by a conference call at 9:30 a.m. ET. The call can be accessed via phone or audio webcast on the company's website.
TETRA Technologies announced it will release its third quarter 2020 earnings before the market opens on November 3, 2020. A conference call will follow at 9:30 a.m. ET, hosted by CEO Brady M. Murphy and CFO Elijio V. Serrano, to discuss the results. Interested parties can listen by calling 1-888-347-5303 or via a live audio webcast on TETRA's website. A replay will be available for one week post-call. TETRA specializes in oil and gas services, including completion fluids, water management, and has an equity interest in CSI Compressco LP (NASDAQ:CCLP).
TETRA Technologies will present at the H. C. Wainwright & Co. 22nd Annual Global Investment Conference on September 16, 2020, at 3:00 PM Eastern Time. The CEO, Brady Murphy, and CFO, Elijio Serrano, will lead the presentation. Investors can find the presentation slides on the company's website before the event. TETRA specializes in oil and gas services, focusing on completion fluids, water management, and compression services. Notably, it has a significant equity interest in CSI Compressco LP (NASDAQ: CCLP).
CSI Compressco LP announced it has regained compliance with NASDAQ Listing Rule 5450(a)(1), which mandates a minimum closing bid price of $1.00 per unit. This determination, received on August 17, 2020, confirms that CSI Compressco's common units have maintained a closing bid price of at least $1.00 for over ten consecutive trading days. As a result, the prior bid price deficiency matter is now considered closed by NASDAQ.
CSI Compressco LP (CCLP) reported a net loss of $24.6 million for Q2 2020, which included $15.8 million of non-recurring charges. Revenue rose 7% to $96 million, driven by $17.8 million in equipment sales. Adjusted EBITDA remained stable at $27 million, showcasing robust cash flow amid a challenging environment influenced by a 64% drop in U.S. onshore rig counts due to the pandemic. The company implemented cost reduction initiatives, improving compression services gross margins to 54.9%, the highest in its history. A cash distribution of $0.01 per common unit will be paid on August 14, 2020.