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. (TTI) provides essential oil and gas services through its completion fluids expertise and advanced water management solutions. This news hub offers investors and industry professionals centralized access to official updates across all operational and strategic developments.
Find timely announcements including quarterly earnings reports, product launch details, partnership agreements, and technology innovations. Our repository features press releases about completion fluid advancements, water recycling initiatives, and updates on global operations spanning six continents.
Key updates cover TTI's vertical integration strategies, brominated product developments, and desalination technology implementations. Track the company's progress in deepwater project execution and environmental compliance measures through verified financial disclosures and operational milestones.
Bookmark this page for direct access to TTI's latest corporate communications, including strategic acquisitions, leadership updates, and market expansion efforts within the energy services sector. Check regularly for authoritative information supporting informed analysis of the company's performance.
TETRA Technologies announced securing a three-well deepwater TETRA CS Neptune fluids project in the Gulf of Mexico, starting late Q4 2024. For Q2 2024, TETRA reported revenue of $172 million, a 14% increase sequentially, but a 2% decrease YoY. Net income was $7.6 million, with EPS at $0.06 and adjusted EPS at $0.07.
Adjusted EBITDA stood at $30.2 million, up 32% sequentially despite $1.1 million in forex losses. The Completion Fluids & Products Division saw a 29% sequential revenue increase to $100 million. Water & Flowback Services had a 2% revenue decline, but margins rose by 560 basis points.
The company achieved net cash from operations of $24.8 million and total adjusted free cash flow of $9.4 million. Investments in Arkansas bromine and lithium projects totaled $9.8 million. Long-term debt was $180 million, with net debt at $142 million and a net leverage ratio of 1.6X.
TETRA Technologies, Inc. (NYSE:TTI) announced it will release its second quarter results on July 31, 2024, after market close. A conference call hosted by President and CEO Brady M. Murphy and CFO Elijio V. Serrano will be held on August 1, 2024, at 10:30 a.m. ET to discuss the results. Investors can join the call by dialing 1-800-836-8184, or access the live audio webcast via the company’s website. A replay of the call will be available for one week, and the webcast will remain accessible for thirty days.
TETRA Technologies is an energy services company with a focus on bromine-based completion fluids, calcium chloride, water management solutions, and production well testing services. The company is also expanding into low carbon energy markets through its TETRA PureFlow® zinc bromide fluid for energy storage and development of lithium and bromine mineral acreage.
TETRA Technologies (NYSE:TTI) will participate in the Virtual Northland Growth Conference on June 25, 2024. Senior executives Elijio Serrano, CFO, and Julian Higuera, Director of Investor Relations, will host virtual one-on-one meetings. Interested parties can register by contacting Northland representatives or Bobby Brooks at bbrooks@northlandcapitalmarkets.com.
TETRA Technologies is an energy services company with operations on six continents. Their portfolio includes Energy Services, Industrial Chemicals, and Lithium Ventures. The company focuses on environmentally conscious solutions and is expanding into the low-carbon energy market. For more information, visit www.onetetra.com.
TETRA Technologies announced its participation in the Stifel 2024 Cross Sector Insight Conference in Boston on June 4, 2024. Senior management, including CEO Brady Murphy and CFO Elijio Serrano, will present from 3:35 to 4:05 PM (ET). The presentation will be available via webcast, with a replay archived on the Events and Webcasts page.
TETRA Technologies is an energy services and solutions company operating on six continents. Its portfolio includes Energy Services, Industrial Chemicals, and Lithium Ventures. TETRA is focusing on environmentally conscious services and expanding into the low-carbon energy market with expertise in chemistry, key mineral acreage, and global infrastructure.
For more information, visit their website or connect on LinkedIn.
TETRA Technologies, Inc. (NYSE: TTI) will participate in the EF Hutton Annual Global Conference in New York on May 15, 2024. The company's senior management will host one-on-one meetings, showcasing their focus on energy services, industrial chemicals, and lithium ventures.
TETRA Technologies, Inc. announced first quarter 2024 financial results with a revenue increase of 3% year-over-year to $151 million. Net income was $915,000 with Adjusted EBITDA up 11% to $22.8 million. The company refinanced its term loan with a delayed draw feature and extended maturity to 2030. Completion Fluids & Products business showed strong growth while Water & Flowback Services faced challenges. TETRA remains optimistic about strategic initiatives and outlook for 2024.
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