Tetra Technlgs Stock Price, News & Analysis

TETRA Technologies, Inc. (NYSE: TTI) reported robust fourth quarter and full year 2022 results. Fourth quarter revenue reached $147 million, up 30% year-on-year, with a gross profit of $31.1 million. However, the company faced a net loss of $1.8 million due to non-recurring charges. Adjusted EBITDA rose to $20.3 million, a 56% increase year-on-year. The Water & Flowback Services segment saw significant growth with 66% revenue increase for the year. TETRA's strategic investments in the offshore completion fluids market and its initiatives in low-carbon energy solutions are expected to drive further growth in 2023.

TETRA Technologies, Inc. (NYSE:TTI) announced its participation in the 51st Annual Scotia Howard Weil Energy Conference in Miami on March 7, 2023. Senior management, including President Brady Murphy and CFO Elijio Serrano, will present from 3:30 to 3:55 PM ET and hold one-on-one meetings. Interested parties can register for the webcast here. TETRA focuses on energy services with low carbon initiatives, such as TETRA PureFlow® for energy storage and CO₂ capture technologies. The company is expanding into low carbon energy markets to meet growing demand.

TETRA Technologies, Inc. (NYSE:TTI) has announced that its 2023 Annual Meeting of Stockholders will occur on May 24, 2023, at 11:00 a.m. Central Time, at its corporate headquarters in The Woodlands, Texas. The company is involved in energy services globally, focusing on bromine-based completion fluids and expanding into low carbon energy markets. TETRA aims to commercialize innovative products like TETRA PureFlow® and carbon capture technologies, enhancing its position in the energy sector while addressing environmental concerns.

TETRA Technologies, Inc. (NYSE: TTI) announced it will release its fourth quarter and full year 2022 results on February 27, 2023, after market close. A conference call will be held on February 28, 2023, at 10:30 a.m. ET, featuring President and CEO Brady M. Murphy and CFO Elijio V. Serrano. The call will be accessible via phone and live audio webcast. TETRA operates in energy services, focusing on bromine-based fluids, water management, and initiatives in low carbon energy markets, including TETRA PureFlow® and carbon capture technologies.

CSI Compressco LP (NASDAQ: CCLP) has declared a cash distribution of $0.01 per common unit for the quarter ending December 31, 2022. This translates to an annualized rate of $0.04 per unit. The distribution is set to be paid on February 14, 2023, to all common unitholders of record as of the close of business on January 31, 2023.

CSI Compressco provides compression services and equipment for oil and natural gas operations, boasting a fleet of around 4,800 compressor packages and offering various gas treating services. The company serves a diverse clientele across the US and several international markets.

TETRA Technologies, Inc. (NYSE:TTI) has announced updates on its strategic initiatives, including the completion of the Front-End Engineering Design (FEED) for a bromine production facility at its Arkansas brine leases. The study outlines the estimated capital investment over 24 months and identifies key project risks. TETRA holds inferred resources of 5.25 million tons of bromine and 234,000 tons of lithium carbonate equivalent. Additionally, the company successfully completed its first UK-based CS Neptune project and is advancing desalination technology for oil and gas produced water.

TETRA Technologies, Inc. (TTI) reported a 41% increase in third-quarter 2022 revenue of $135 million compared to the same quarter last year, though it was a 4% decline from the previous quarter. The company recorded break-even net income before discontinued operations, down from $1.8 million in Q2 2022. Adjusted EBITDA was $18.6 million, close to last quarter. Cash flow from operations dropped to $2.1 million from $17.9 million. Notably, TETRA achieved significant growth in its Water & Flowback Services segment, up 62% year-on-year, and it reported promising results from its bromine and lithium resource assessment.

TETRA Technologies, Inc. (NYSE:TTI) will release its third quarter 2022 financial results after market close on October 31, 2022. A conference call is scheduled for November 1, 2022, at 10:30 a.m. ET, hosted by President Brady M. Murphy and CFO Elijio V. Serrano. Investors can join the call via phone or live audio webcast on the Company's website. TETRA is known for its energy services focused on low carbon energy initiatives, including advancements in energy storage and carbon capture technologies.

TETRA Technologies, Inc. (NYSE: TTI) has released its first inferred resource estimation report for bromine and lithium from its brine minerals in the Smackover Formation, Southwest Arkansas. The report estimates 5.25 million tons of elemental bromine and 234,000 tons of lithium carbonate equivalent (LCE). TETRA aims to develop this resource to meet increasing energy demands, with bromine expected to support offshore fluid markets. The company is also exploring lithium extraction technologies and plans further engineering studies. Current market prices for bromine and lithium present significant revenue opportunities.