Tetra Technlgs Stock Price, News & Analysis

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.

TETRA Technologies, Inc. (NYSE:TTI) will present at the H.C. Wainwright 24th Annual Global Investment Conference from September 12-14, 2022, in New York City and virtually. CEO Brady Murphy and CFO Elijio Serrano will host their presentation and one-on-one meetings on September 12 at 4:30 PM (ET). Interested parties can register at www.hcwevents.com/annualconference. Presentation materials will be available on TETRA's website on the same day.

TETRA Technologies, Inc. (NYSE: TTI) announced management changes effective September 6, 2022. Matt Sanderson has been promoted to Executive Vice President and Chief Commercial Officer, focusing on business development and partnerships in the oil and gas market, while Roy McNiven joins as Senior Vice President, Energy Services Operations. The leadership expansion aims to enhance the company’s growth strategies, particularly in lithium and bromine opportunities. CEO Brady Murphy highlighted the multi-year recovery in oil and gas and the need for strong leadership to pursue emerging markets.

TETRA Technologies, Inc. (NYSE:TTI) has secured exclusive licensing agreements with KMX Technologies LLC and Hyrec Holdings Company for advanced recycling technologies of produced water from oil and gas wells. This initiative aims to facilitate beneficial reuse in various sectors, including agriculture and industrial applications. CEO Brady Murphy highlighted the need for sustainable water solutions amid increasing water volumes and industry challenges. TETRA's partnerships intend to reduce reliance on disposal methods while addressing regulatory developments on water discharge limits.