Tetra Technlgs Stock Price, News & Analysis

CSI Compressco LP (NASDAQ: CCLP) has declared a cash distribution of $0.01 per common unit for the quarter ended March 31, 2023, amounting to an annualized rate of $0.04. The distribution will be paid on May 15, 2023 to unitholders of record as of April 30, 2023. Additionally, the company is set to release its first-quarter 2023 results on May 4, 2023, before market opening. A conference call to discuss the results will occur at 10:30 a.m. ET the same day. CSI Compressco provides a variety of compression services and equipment vital for natural gas and oil production and operates a fleet of approximately 4,800 compressor packages with 1.2 million aggregate horsepower.

TETRA Technologies, Inc. (NYSE: TTI) has announced it will release its first quarter 2023 results after market close on May 1, 2023. A conference call will be held on May 2, 2023, at 10:30 a.m. ET, featuring President and CEO Brady Murphy and CFO Elijio Serrano. The call can be accessed via a toll-free number or through a live audio webcast. TETRA specializes in energy services and solutions across six continents, focusing on various markets including oil and gas, agriculture, and road services. The company is expanding into low carbon energy markets, emphasizing initiatives like TETRA PureFlow® for energy storage and carbon capture technologies. Investors can find additional information on the company’s website.

TETRA Technologies, Inc. (NYSE:TTI) will be hosting a business update on March 14, 2023 at 1:00 p.m. Central Time. The session, led by Tim Moore from EF Hutton, will feature key executives including President Brady Murphy and CFO Elijio Serrano. They will discuss strategic initiatives and engage in a moderated Q&A. TETRA specializes in energy services across six continents, focusing on products like bromine-based fluids and calcium chloride, while evolving towards low carbon energy solutions. More information can be found on their website.

CSI Compressco (NASDAQ: CCLP) has announced that its 2022 Schedule K-1 investor tax packages are now available online. Unitholders can access these packages through the Investor Relations K-1 Tax Support link on the company's website or directly via the K-1 Tax Package Support website. The company is also mailing tax packages starting from this week. For further assistance, unitholders may contact K-1 Tax Package Support toll-free at (877) 223-4851. This release serves as qualified notice under Treasury Regulation Section 1.1446-4.

CSI Compressco LP (CCLP) reported its fourth quarter and total year 2022 results on March 10, 2023. Fourth quarter revenues increased to $94.0 million, up from $80.2 million the previous year. The net loss narrowed to $4.2 million from $17.3 million. Adjusted EBITDA rose 23% to $32.4 million. Full year 2022 revenues reached $353.4 million, while the net loss decreased to $22.1 million. The company highlighted improved fleet utilization at 86.8% and a distribution coverage ratio of 9.2x. Looking ahead, management anticipates strong demand for horsepower and aims to reduce the net leverage ratio to 5x by year-end 2023.

CSI Compressco LP (NASDAQ: CCLP) will release its fourth quarter and full year 2022 financial results on March 10, 2023, prior to market opening. A conference call to discuss these results will follow at 10:30 a.m. ET. Investors can participate by calling 1-866-374-8397 or via a live webcast on the company's website. An audio replay will be available for one week post-call. The company provides compression services for natural gas and oil production and has a fleet of around 4,800 compressor packages.

TETRA Technologies, Inc. (TTI) announced a Tax Benefits Preservation Plan to safeguard its net operating loss carryforwards (NOLs) valued at approximately $411 million as of December 31, 2022. The plan aims to prevent 'ownership change' scenarios that could limit the Company's ability to use its tax attributes, critical for reducing future tax expenses. Additionally, TETRA reported an income before taxes of $11.9 million for 2022 and is assessing its bromine assets in Arkansas. The Company declared a dividend of Series A Junior Participating Preferred Stock purchase rights, effective for shareholders as of March 10, 2023.