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, 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.
TETRA Technologies, Inc. (TTI) reported second quarter 2022 revenue of $141 million, an 8% increase from Q1 2022 and a 38% rise from Q2 2021. Net income before discontinued operations was $1.8 million, down from $7.7 million in Q1 2022. Adjusted EBITDA was $18.7 million, compared to $20.5 million in Q1. Key drivers included challenges from a European supplier due to the Russia/Ukraine conflict. However, lithium and bromine concentrations from a recent well exceeded initial exploration targets. TETRA expects a resource report in Q3 to further define its mineral assets.
TETRA Technologies, Inc. (NYSE: TTI) plans to release its second quarter 2022 earnings on August 1, 2022, after market close. A conference call to discuss the results will take place on August 2, 2022, at 10:30 a.m. ET, featuring CEO Brady M. Murphy and CFO Elijio V. Serrano. TETRA, a provider of oil and gas products and services, is also advancing initiatives in low carbon energy markets, including TETRA PureFlow® for energy storage and innovative carbon capture technology with CarbonFree. For more details, visit www.tetratec.com.
TETRA Technologies, Inc. (NYSE:TTI) will participate in three investor conferences in June 2022. On June 7, TETRA will present at the Cowen and Company 2nd Annual Sustainability & Energy Transition Summit, from 9:50 to 10:20 A.M. (ET). The next day, June 8, TETRA will host a breakout session at the RBC Capital Markets Global Energy and Power Infrastructure Conference from 1:20 to 1:50 P.M. (ET). Finally, on June 9, TETRA will engage in a fireside chat at the Stifel 2022 Cross Sector Insight Conference from 8:35 to 9:05 A.M. (ET). Interested parties can register online for each event.
TETRA Technologies, Inc. (NYSE:TTI) will participate in the Louisiana Energy Conference (LEC 2022) from June 1-3, 2022, in New Orleans. Senior management, including Tim Moeller and Jacek Mucha, will be featured on a panel discussing U.S. Onshore Oil Field Services on June 3 and will conduct one-on-one meetings on June 2-3. LEC 2022 aims to connect investment professionals and energy industry participants through various presentations and panel discussions on key energy topics. Interested parties can register for participation via the conference link.
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