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.
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.