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. (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.
TETRA Technologies, Inc. (NYSE:TTI) reported first quarter 2022 revenue of $130 million, a 68% increase year-on-year and a 15% rise sequentially. The company achieved a net income of $7.7 million, recovering from a net loss of $703,000 in the previous quarter. Adjusted EBITDA rose to $20.5 million, reflecting improved onshore and offshore activities. Cash flow from operations was $5.9 million, while adjusted free cash flow was a use of $2.9 million. TETRA's net leverage ratio improved to 2.1X at quarter-end, marking its best position since Q2 2018.
TETRA Technologies, Inc. (NYSE:TTI) will release its first quarter 2022 earnings on May 2, 2022, post-market. A conference call, led by President and CEO Brady M. Murphy and CFO Elijio V. Serrano, will occur on May 3, 2022, at 10:30 a.m. ET to discuss the results. Investors can access the call via a toll-free number or a live audio webcast on the company's website. TETRA focuses on oil and gas services and is expanding into low carbon energy markets, including the commercialization of TETRA PureFlow® and carbon capture technologies.
TETRA Technologies, Inc. (NYSE:TTI) reported a fourth quarter 2021 revenue of $113 million, marking a 19% increase from Q3 2021 and a 50% rise compared to Q4 2020. Despite a net loss of $703,000, adjusted EBITDA reached $13.1 million. The company's revenue was bolstered by product demand in the Gulf of Mexico and international markets. Cash flow from operations was $(5.8) million, but adjusted free cash flow stood at $7.4 million. The company reduced long-term debt by $13 million, improving its net leverage ratio to 2.7x. TETRA also made significant strides in low carbon energy initiatives.
TETRA Technologies, Inc. (NYSE: TTI) has announced that its 2022 Annual Meeting of Stockholders is scheduled for May 24, 2022, at 11:00 a.m. Central Time. The meeting will take place at the company's headquarters in The Woodlands, Texas. TETRA is known for its industrial and oil & gas products and services, including innovative solutions in low carbon energy markets. The company is advancing projects like TETRA PureFlowTM for energy storage and carbon capture technologies.
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