TETRA Technologies (TTI) 銘柄情報

TTI MINI MONSTER

TETRA TECHNOLOGIES, INC. ANNOUNCES $190 MILLION 6-YEAR FUNDED TERM LOAN TO REFINANCE MATURING DEBT AND A $75 MILLION DELAYED DRAW TERM LOAN TO PROVIDE CAPITAL FOR THE PLANNED BROMINE PROCESSING PROJECT
January 15 2024
https://ih.advfn.com/stock-market/NYSE/tetra-technologies-TTI/stock-news/93043109/tetra-technologies-inc-announces-190-million-6

Eos Energy Enterprises and TETRA Technologies, Inc. Extend Partnership, Expanding Electrolyte Production Capacity
January 09 2024 - 07:30AM
https://ih.advfn.com/stock-market/NYSE/tetra-technologies-TTI/stock-news/92993227/eos-energy-enterprises-and-tetra-technologies-inc

Tetra Technologies surges as Reuters says partnering with Exxon on lithium work
Nov. 13, 2023
Tetra Technologies (NYSE:TTI) +12.1% in Monday's trading following Exxon Mobil's (XOM) announcement that it has launched lithium operations in Arkansas, and Reuters reported Tetra will be an Exxon partner in the work.

Reuters had reported in June that Tetra (TTI) had issued a little noticed press release that it had signed an agreement with Saltwerx, an Exxon (XOM) subsidiary, to develop ~6K acres of salty brine deposits in Arkansas that are filled with lithium and bromine, although it provided few additional details.

Neither company has provided a production or development timeline, or financial details, although Exxon (XOM) will contribute ~2K acres and Tetra (TTI) ~4K acres to the partnership, according to the June report.

Tetra (TTI) currently buys bromine from Lanxess to produce a material used by Eos Energy Enterprises to manufacture batteries.
https://seekingalpha.com/news/4035615-tetra-technologies-surges-as-reuters-says-partnering-with-exxon-on-lithium-work

Oilfield Technology Spotlight: The Sands of Brine

October 30 2023 TETRA TECHNOLOGIES, INC. ANNOUNCES THIRD QUARTER 2023 FINANCIAL RESULTS AND PROVIDES UPDATE ON ARKANSAS BROMINE AND LITHIUM BRINE UNIT

https://ih.advfn.com/stock-market/NYSE/tetra-technologies-TTI/stock-news/92404414/tetra-technologies-inc-announces-third-quarter-2

TETRA TECHNOLOGIES, INC. ANNOUNCES THIRD QUARTER 2023 EARNINGS RELEASE CONFERENCE CALL AND WEBCAST
October 16 2023

THE WOODLANDS, Texas , Oct. 16, 2023 /PRNewswire/ -- October 16, 2023 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) announced today that it will release third quarter 2023 results after the closing of the market on Monday, October 30, 2023. On October 31, 2023, TETRA will host a conference call at 10:30 a.m. Eastern Time to discuss the results. Brady M. Murphy, President and CEO, and Elijio V. Serrano, Senior Vice President and CFO, will host the call.

TETRA invites you to listen to the conference call by calling the toll-free phone number 1-888-347-5303. The conference call will also be available by live audio webcast. The news release will be available on the Company's website prior to the conference call. A replay of the conference call will be available at 1-877-344-7529 conference number 4719291, for one week following the conference call and the archived webcast will be available through the Company's website for thirty days following the conference call.
https://ih.advfn.com/stock-market/NYSE/tetra-technologies-TTI/stock-news/92285145/tetra-technologies-inc-announces-third-quarter-2

THE WOODLANDS, Texas, Sept. 21, 2022 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE: TTI) announced the completion of its maiden inferred bromine and lithium brine resource estimation report for its brine minerals leased acreage in the Smackover Formation in Southwest Arkansas. The technical report summary, which is available in its entirety on TETRA's website Investor Relations - Presentations (tetratec.com), reflects the following.

TETRA has identified a direct lithium extraction (DLE) technology based on adsorption/desorption using a proven, commercially available resin that is currently being successfully used in commercial lithium extraction operations from salar brines. Using our lithium-rich Arkansas brine samples from our recently completed test well, our inferred resource report details the excellent DLE laboratory and pilot unit results from our research group at our TETRA Innovation Group Technology Center in Conroe, Texas.

"The inferred resource report also confirms that the Smackover Formation is enriched in bromine (an average of 5,371 mg/liter) and lithium (an average of 416 mg/liter), which we expected based on our previously disclosed test well fluid sampling results. Based on the recent test well drilled on the TETRA 5,000 acres, the brine samples from the Upper Smackover Member within that well yielded the highest recorded lithium values (461-489 mg/liter) within the Upper Smackover Member, which may indicate uniquely elevated lithium brine within the targeted acreage where TETRA retains both the bromine and lithium rights.

https://www.prnewswire.com/news-releases/tetra-technologies-inc-announces-maiden-inferred-resources-of-5-25-million-tons-of-elemental-bromine-and-234-000-tons-of-lithium-carbonate-equivalent-301630186.html

TTI new 52 week high

TTI new 52 week high

TTI new 52 week high

Thanks for your interest
Download - TETRA AOGC Brine Unit Hearing Materials July 25, 2023
https://tetratec.com/thank-you-tetra-aogc-brine-unit-hearing-materials-july-25-2023/?submissionGuid=ba43fbef-d4e5-4f2c-859c-405bea04f152

Evergreen Brine Unit
Updated Jul 31, 2023
https://www.magnoliareporter.com/pdf_6892fecc-2f88-11ee-9a9d-17da0704a8bd.html

pdf
https://bloximages.chicago2.vip.townnews.com/magnoliareporter.com/content/tncms/assets/v3/editorial/6/89/6892fecc-2f88-11ee-9a9d-17da0704a8bd/64c7854cd74fc.pdf.pdf

$TTI - 👆Up 8% Pre-Market/ Current Price $5.02
Announces Strong Second Quarter 2023 Results With Revenue Of $175.5 Million, Gaap Eps Of $0.14, Gaap Net Income Of $18.2 Million And Adjusted Ebitda Of $36.0 Million

TETRA TECHNOLOGIES, INC. EXPECTS SECOND QUARTER NET INCOME BEFORE TAXES AND DISCONTINUED OPERATIONS AND ADJUSTED EBITDA TO BE ABOVE THE PREVIOUS GUIDANCE AND COMMENCES LITHIUM FEED STUDY ON ARKANSAS BRINE LEASES
Additionally, the second test well TETRA was drilling in the Smackover Formation in Southwest Arkansas has been completed with fluid sampling tests underway. The results from this well will be used to update the previously reported Inferred Resources Study for bromine and lithium. TETRA has also engaged Hargrove and Associates to execute a front-end engineering and design study ("FEED") for a lithium production facility. The lithium plant design will be optimized to share the production wells, injection wells, and pipelines consistent with the previously completed FEED study for the bromine plant, which was completed during the first quarter of 2023.
https://ih.advfn.com/stock-market/NYSE/tetra-technologies-TTI/stock-news/91505251/tetra-technologies-inc-expects-second-quarter-ne

Lithium and Bromine Assets

TETRA has over 27,000 acres of brine leases in Arkansas with lithium carbonate equivalent exploration targets of 884,000 tons and an estimated 3.9 million tons of bromine, positioning us to participate in recent energy storage advances using bromine technologies and zinc bromide.

Large scale energy storage will be required to achieve the full potential of renewable energy, and technological advances using zinc bromide are promising. Using TETRA’s patented elemental bromine production process at our facilities in West Memphis, Arkansas, TETRA produces TETRA PureFlow® ultra-pure zinc bromide clear brine fluid, one of the highest purity zinc bromides available to the industry today, and a primary attribute for energy storage applications.

Our agreements with Standard Lithium Ltd. in 2017 and 2018 gives them the right to explore, produce, and extract lithium in our Arkansas leases and the additional potential resources in the Mojave region (San Bernardino county) of California. In a separate project, Standard Lithium announced the shipment of its first large volume of lithium chloride product from their Direct Lithium Extraction Demonstration Plant near El Dorado, Arkansas, for final conversion to lithium carbonate. Read our press release to learn more about our key mineral asset development initiatives.

https://tetratec.com/low-carbon-solutions/lithium-and-bromine-resources/?_gl=1*1nni863*_ga*MjEzNjEwNjA0NC4xNjg4MDQ2NDYz*_ga_SEBM2LZE37*MTY4ODA1MjcwNi4yLjEuMTY4ODA1NTAxMC41OC4wLjA.

Shares Outstanding
129.4M

RECENT INSIDER TRANSACTIONS
Luna Gina
Director
39,091 Acquire
May 24, 2023
Sharon Mcgee
Director
39,091 Acquire
May 24, 2023
Williams Shawn
Director
39,091 Acquire
May 24, 2023
Bates Thomas
Director
39,091 Acquire
May 24, 2023
John Glick
Chairman
53,305 Acquire
May 24, 2023

https://ir.tetratec.com/financial-information

THE WOODLANDS, Texas, May 1, 2023 /PRNewswire/ --TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI)

today announced first-quarter 2023 financial results. Brady Murphy, TETRA President and Chief Executive Officer, stated, "First quarter results came in as expected representing a solid start to 2023 and setting the foundation for a very strong second quarter."

First quarter 2023 revenue of $146 million increased 12% from the first quarter of 2022 but decreased 1% from the fourth quarter of 2022. Net income before discontinued operations was $6.0 million, inclusive of $2.0 million of non-recurring credits, net of charges, mainly from a favorable cash insurance settlement. This compares to net income before discontinued operations of $7.7 million, inclusive of $0.6 million of non-recurring credits, net of charges, in the first quarter of 2022 and to a net loss before discontinued operations of $1.8 million in the fourth quarter of 2022, inclusive of $4.3 million of non-recurring charges and expenses. Net income per share attributable to TETRA stockholders was $0.05 in the first quarter compared to net loss per share of $0.01 in the fourth quarter of 2022 and net income per share from continuing operations of $0.06 in the first quarter of 2022.

Adjusted EBITDA for the first quarter of 2023 was $20.6 million (14.1% of revenue) compared to $20.3 million (13.8% of revenue) in the fourth quarter of 2022, and up slightly compared to $20.5 million (15.7% of revenue) in the first quarter of 2022. The first quarter of 2023 included unrealized losses on investments of $504,000. Excluding these unrealized losses on investments, Adjusted EBITDA for the first quarter of 2023 was $21.1 million, the highest Adjusted EBITDA, excluding unrealized gains or losses on investments, since the first quarter of 2020.

Cash flow from operating activities was $9.0 million in the first quarter of 2023 compared to cash used in operating activities of $7.0 million in the fourth quarter of 2022 and compared to cash flow from operating activities of $5.9 million in the first quarter of 2022. Adjusted free cash flow from continuing operations was a use of $3.7 million after funding capital expenditures of $12.5 million, net of proceeds. The first quarter has traditionally used cash due to the timing of significant annual payments, including property taxes and employee incentive cash bonuses for the prior year. Inventory expanded in the first quarter in anticipation of the second quarter seasonal peak in the European industrial chemicals business. Working capital at the end of the first quarter was $109 million. Working capital is defined as current assets, excluding cash and restricted cash, less current liabilities.

Brady Murphy further stated, "In the first quarter, both segments increased Adjusted EBITDA and improved Adjusted EBITDA margins quarter-over-quarter offsetting higher corporate expenses from one-off increased legal and benefits costs. Water & Flowback Services Adjusted EBITDA margins improved 180 basis points from 14.9% in the fourth quarter of 2022 to 16.7% in the first quarter of 2023. Completion Fluids & Products revenue increased 4% sequentially and Adjusted EBITDA margins improved sequentially from 24.2% to 26.1%, primarily driven by our European industrial chemicals business where operations have nearly returned to the levels prior to the Russia and Ukraine conflict with stronger pricing in place. First quarter results also reflect a full quarter contribution from the fluids business acquisition late last year in the North Sea, which performed above expectations. In March 2023, we signed a purchase and sale agreement to expand our completion fluids operational capacity in Brazil. The acquisition is expected to close during the second quarter of 2023, subject to government approvals. This investment, in addition to the Gulf of Mexico and North Sea investments from the prior quarter, will complete our planned expansions in three of our key offshore markets in advance of what we believe to be an extended offshore upcycle.

https://ir.tetratec.com/2023-05-01-TETRA-TECHNOLOGIES,-INC-ANNOUNCES-FIRST-QUARTER-2023-REVENUE-OF-146-MILLION-AND-EPS-OF-0-05-AND-PROVIDES-SECOND-QUARTER-GUIDANCE

Company Overview
Founded in 1981, TETRA Technologies, Inc. (NYSE: TTI) is an energy services and solutions company, focused on completion fluids, calcium chloride, water management solutions, frac flowback and production well testing services. Calcium chloride is used in the oil and gas, industrial, agricultural, road, food and beverage markets. TETRA is evolving its business model by expanding into the low carbon energy markets with its chemistry expertise, key mineral acreage and global infrastructure. Low carbon energy initiatives include commercialization of TETRA PureFlow®, an ultra-pure zinc bromide clear brine fluid for stationary batteries and energy storage; advancing an innovative carbon capture utilization and storage technology with CarbonFree to capture CO2 and mineralize emissions to make commercial, carbon-negative chemicals; and development of TETRA’s lithium and bromine mineral acreage to meet the growing demand for oil and gas products and energy storage.

https://ir.tetratec.com/investor-overview

Looks like I chased this rabbit in the past.

THE WOODLANDS, Texas, June 26, 2023 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) announced that it has entered into a Memorandum of Understanding ("MOU") with Saltwerx LLC ("Saltwerx"), an indirect wholly owned subsidiary of a Fortune 500 company, whereby they will pool certain of their respective brine mineral rights in Arkansas' Smackover Formation, in support of an application for an approximately 6,000 acre Brine Production Unit ("Brine Unit") with the Arkansas Oil & Gas Commission ("AOGC") and potential bromine and lithium extraction from the brine produced from such Brine Unit.

Contingent on Brine Unit approval by the AOGC, TETRA and Saltwerx have agreed to collaborate in key areas, including upstream design and development to optimize long-term brine production, technology development for lithium extraction, and associated engineering studies required to develop the proposed Brine Unit. As part of the MOU, subject to AOGC approval of the Brine Unit, TETRA and Saltwerx have agreed to work together to negotiate operating, joint venture and/or joint development agreements relating to the development of the Brine Unit.

Additional information may be found in the current report on Form 8-K filed by the Company on June 23, 2023. https://www.sec.gov/ix?doc=/Archives/edgar/data/844965/000095017023029677/tti-20230619.htm.

https://ir.tetratec.com/2023-06-26-TETRA-TECHNOLOGIES,-INC-AND-SALTWERX,-LLC-ENTER-INTO-A-MEMORANDUM-OF-UNDERSTANDING-REGARDING-A-PROPOSED-BRINE-PRODUCTION-UNIT-IN-THE-SMACKOVER-FORMATION

Tetra Tech, a company built on Leading with Science
https://investor.tetratech.com/home/default.aspx

Congratulations Brady Murphy and team at TTI! Now on to that $1b market cap valuation in February. Well done.

Very short runway... an announcement that one of TTI's SVP's will start focusing on doing his job is not newsworthy in my opinion.

The window for divesting CCLP is closing. Investors are growing impatient and want results, not feel-good announcements about executive retirements or 2021 goal setting.

Tetra Technologies Q3 Adj. EPS $(0.09) Beats $(0.10) Estimate, Sales $152.60M Miss $167.40M Estimate
7:36 am ET November 3, 2020 (Benzinga) Print

Tetra Technologies (NYSE:TTI) reported quarterly losses of $(0.09) per share which beat the analyst consensus estimate of $(0.10) by 10 percent. This is a 350 percent decrease over losses of $(0.02) per share from the same period last year. The company reported quarterly sales of $152.60 million which missed the analyst consensus estimate of $167.40 million by 8.84 percent. This is a 37.95 percent decrease over sales of $245.95 million the same period last year.

Hope so...the only thing that will keep them alive...will need positive info tomorrow or else...

they might be shopping it

Any idea when they might divest it?

During the Q&A part on the conference, someone asks about shareholder value.

CCLP the spinoff, allows to explore opportunities

Tetra Technologies, Inc. To Present At The Microcap Rodeo Best Ideas Bowl Conference

TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI), announced that management will present at the MicroCap Rodeo Conference on October 14, 2020.

Brady Murphy, President and Chief Executive Officer, and Elijio Serrano, Senior Vice-President and Chief Financial Officer of TETRA Technologies, are scheduled to present on Wednesday, October 14th at 10:00 A.M. Eastern Time (9:00 A.M. Central Time), and will be hosting one-on-one meetings on October 14 and October 15, 2020.


----------
I wonder why they think they are a best idea

https://seekingalpha.com/article/4371932-tetra-technologies-is-misunderstood-energy-tech-innovator-multiple-shots-on-goal

The New York Stock Exchange (the “NYSE”) has granted TETRA Technologies, Inc. (“TETRA” or the “Company”) an extension until our next regularly scheduled annual stockholder meeting, anticipated to take place in May 2021, to regain compliance with the minimum share price and minimum average share price requirements under Section 802.01C of the NYSE Listed Company Manual (“Section 802.01C”).



If the Company’s share price does not increase to the required thresholds by May 2021, the Company will take the actions necessary to regain compliance with the requirements of Section 802.01C, including, if necessary, implementing a reverse stock split, subject to approval by the Company’s board of directors and stockholders.

Trend is up (and this isn't a super fast mover). You are going to have down days. The lows keep stopping a little shallower and the highs creep higher. We are ahead of Tuesday last week and Tuesdays are notorious low days.

WTF?

WTF?

Crude is up and there is no float yet this morning. Let's see if we can move on up today.

Was out for about a month. Missed you guys. Still love TTI as a small but awesome player on the oil front. Invested again. Let's rock.

7:23 am ET
*Tetra Technologies shares are trading higher after the company reported better-than-expected Q2 sales results.
Benzinga
7:12 am ET
Tetra Technologies Q2 Adj. EPS $(0.09), Inline, Sales $192.44M Beat $186.39M Estimate
Benzinga

Earnings tomorrow @930am.These timely insider buys?Recent Insider Transactions
Gina A. Luna
175,000
Buy
Jun 30, 2020
Richard D OBrien
VP-Finance & Global Controller
79,500
Buy
Jun 29, 2020
William D. Sullivan
111,000
Buy
Jun 26, 2020
Bass C. Wallace
Sr VP & General Counsel
100,000
Buy
Jun 25, 2020
Thomas R. Bates
150,000
Buy
Jun 25, 2020
TETRA Technologies, Inc. Announces Second Quarter 2020 Earnings Release Conference Call and Webcast

THE WOODLANDS, Texas, July 21, 2020 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) announced today that it will release second quarter 2020 results before the opening of the market on Tuesday, August 4, 2020. Following the release, TETRA will host a conference call at 9:30 a.m. Eastern Time to discuss the results. Brady M. Murphy, President and CEO, and Elijio V. Serrano, Senior Vice President and CFO, will host the call.

Same BS happening again today. Not going to let them bleed me out for another week, hoping for a positive report next week, something bad is going on. Just doesn't feel right to me, feels shady. Just dummped. Good luck longs.

Restructuring expert. What do you think they are up to?

I think our 13g man is the culprit.Thank you for your service sir

I agree with you JB. All the technicals and news suggest a stock that is significantly undervalued and ready to fly. My question, who then, keeps shorting this stock? Every day it is the same story, opens higher that the previous close, only to be shorted about 10-15% before close. What's going on? Any thoughts about why some market maker(s) is keeping TTI grounded?

13g filing>Orin Hirschman, who owns stakes in technology companies ranging from $25-$250+ million market caps, his holdings are valued at over $85 million, he worked with former U.S. Secretary of the Treasury William E. Simon
https://fintel.io/i/hirschman-orin
Mr. Hirschman has served as a Director of Novint Technologies since August 2013. Mr. Hirschman has over 25 years of experience in money management, leveraged buyouts, restructuring and venture capital. Mr. Hirschman has been the manager of AIGH Investment Partners, LP since 2011. From 1994 until 2001 Mr. Hirschman served as a co-manager of two private investment funds, Adam Smith Investment Partnerships and Adam Smith Investment Partners, Ltd (the “Adam Smith Funds”). In addition to Mr. Hirschman’s private placement investments over the last fifteen years, the Adam Smith Funds, and AIGH Investment Partners, LP, his experience in the securities industry includes tenures with Wesray Capital, the investment firm founded by former U.S. Secretary of the Treasury William E. Simon, and Randall Rose & Company, a $100 million money management firm based in New York. Mr. Hirschman has been actively involved in the financing and structuring of over 70 companies, including many high technology companies. Mr. Hirschman’s educational background includes an M.B.A. in Finance from New York University Graduate School of Business and a degree in Biology and Finance from Touro College where he graduated Summa Cum Laude. The Board feels Mr. Hirschman is an appropriate director due to his capital markets experience.

TTI next stop dolla land and that is this week,this was a no brainer weeks ago

* * $TTI Video Chart 07-17-2020 * *

Link to Video - click here to watch the technical chart video

* * $TTI Video Chart 07-15-2020 * *

Link to Video - click here to watch the technical chart video

We rollin

Or they typod the number and its 22275232. Common mistake in these fillings.

Dammn they dumped.

remaining

they had

19,426,821