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. (NYSE: TTI) regularly issues news and updates that shed light on its activities across energy services, industrial chemicals, and critical minerals. Company news releases frequently include a standard overview describing TETRA as an energy services and solutions company focused on environmentally conscious services and solutions, with operations on six continents and a portfolio that spans Energy Services, Industrial Chemicals, and Critical Minerals.
Visitors to this news page can review announcements about quarterly financial results, including detailed commentary on segment performance, margins, and capital allocation. TETRA uses news releases to discuss developments in its Arkansas bromine project, updated mineral resource estimates under S-K 1300, and progress on its Evergreen Project and bromine processing facility in Southwest Arkansas.
The company also publishes news on its ONE TETRA 2030 strategy, outlining growth plans in Specialty Chemicals & Minerals, Water Treatment & Desalination, and Energy Services. These communications describe initiatives in battery electrolytes for long-duration energy storage, produced water desalination technologies such as TETRA Oasis TDS, and the development of critical minerals including bromine and lithium.
Additional news items cover investor conferences, Investor Day presentations, and executive leadership changes, providing context on how management is positioning the company. By following the TTI news feed, readers can access the company’s own descriptions of its operations, projects, and strategic priorities as they are disclosed over time.
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.
TETRA Technologies, Inc. (NYSE:TTI) announced the completion of a board leadership transition, with John "Jay" F. Glick succeeding William D. Sullivan as chairman effective May 24, 2022. Sullivan retired after overseeing significant restructuring of the company, positioning it for growth in traditional and low carbon energy sectors. CEO Brady Murphy praised Sullivan's leadership during challenging times, while highlighting Glick's extensive experience in energy services and his familiarity with TETRA's strategies as key to guiding the board forward.
TETRA Technologies, Inc. (NYSE: TTI) will present at the H.C. Wainwright Annual Global Investment Conference in Miami, Florida, from May 23-26, 2022. Brady Murphy, President and CEO, and Elijio Serrano, CFO, will present on May 25 at 12:30 P.M. ET and will host one-on-one meetings that day. Interested parties can register for the event at www.hcwevents.com/annualconference. Presentation materials will be available on TETRA's website on the same date.