Tetra Technlgs Stock Price, News & Analysis

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.

TETRA Technologies, Inc. (NYSE: TTI) announced progress on its Arkansas bromine project in a report released on February 27, 2023. The report indicates inferred resources of approximately 5.25 million tons of bromine and 234,000 tons of lithium carbonate equivalent in the Smackover Formation. Key developments include the addition of experienced board members, completion of a FEED study for a brine processing plant, and successful brine sample tests. The company highlighted increasing demand for bromine in offshore applications and energy storage markets, while cautioning that the inferred resources are not yet proven reserves and require further validation.

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.