Latest news with #BradyMurphy
Yahoo
22-05-2025
- Business
- Yahoo
TETRA TECHNOLOGIES, INC. TO PARTICIPATE IN THE LYTHAM PARTNERS SPRING 2025 INVESTOR CONFERENCE
THE WOODLANDS, Texas, May 22, 2025 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) announced that its senior management will participate at the Virtual Lytham Partners Spring 2025 Investor Conference on May 29, 2025. Brady Murphy, Chief Executive Officer, Elijio Serrano, Chief Financial Officer and Kurt Hallead, VP of Investor Relations and Treasurer will be presenting and hosting one-on-one meetings with institutional investors on May 29. Our webcast will stream at 1:15 pm ET on Thursday, May 29. Register here to access the webcast. A replay will be archived on the Events and Webcasts page the day after the event. Investors interested in scheduling one-on-ones with Tetra's management team during the conference should contact Lytham Partners at 1x1@ Company Overview TETRA Technologies, Inc. is an energy services and solutions company focused on developing environmentally conscious services and solutions that help make people's lives better. With operations on six continents, the Company's portfolio consists of Energy Services, Industrial Chemicals, and Critical Minerals. In addition to providing products and services to the oil and gas industry and calcium chloride for diverse applications, TETRA is expanding into the low-carbon energy market with chemistry expertise, key mineral acreage, and global infrastructure, helping to meet the demand for sustainable energy in the twenty-first century. Visit the Company's website at for more information or connect with us on LinkedIn. View original content to download multimedia: SOURCE TETRA Technologies, Inc. Sign in to access your portfolio
Malaysian Reserve
05-05-2025
- Business
- Malaysian Reserve
TETRA TECHNOLOGIES, INC. TO PARTICIPATE IN THE D. BORAL CAPITAL INAUGURAL GLOBAL CONFERENCE
THE WOODLANDS, Texas, May 5, 2025 /PRNewswire/ — TETRA Technologies, Inc. ('TETRA' or the 'Company') (NYSE:TTI) announced that its senior management will participate at the D. Boral Capital Inaugural Global Conference at The Plaza Hotel in New York City on May 14, 2025. Brady Murphy, Chief Executive Officer, Elijio Serrano, Chief Financial Officer and Kurt Hallead, VP of Investor Relations and Treasurer will be hosting one-on-one meetings with institutional investors on May 14. Investors interested in scheduling one-on-ones with TETRA's management at The Plaza Hotel in New York City, should contact John Perez at jperez@ Company Overview TETRA Technologies, Inc. is an energy services and solutions company focused on developing environmentally conscious services and solutions that help make people's lives better. With operations on six continents, the Company's portfolio consists of Energy Services, Industrial Chemicals, and Critical Minerals. In addition to providing products and services to the oil and gas industry and calcium chloride for diverse applications, TETRA is expanding into the low-carbon energy market with chemistry expertise, key mineral acreage, and global infrastructure, helping to meet the demand for sustainable energy in the twenty-first century. Visit the Company's website at for more information or connect with us on LinkedIn.
Yahoo
02-05-2025
- Business
- Yahoo
Tetra lowers first half FY25 revenue view to $315M-$345M from $325M-$355
Brady Murphy, TETRA President and CEO, stated, 'In the Q2, we expect to see the full benefit of our European industrial chemicals seasonal peak, the first well from our recently awarded multi-well, multi-year deepwater Brazil project and the completion of the three well TETRA CS Neptune project. With regards to tariffs, we source a high percentage of our products and materials from the U.S. Therefore, we do not anticipate much, if any, impact to our financials from the announced tariffs. However, the recent pull-back in oil prices does create more uncertainty for our U.S. Water & Flowback segment for the second half of the year. Given our Q1 performance and strong second quarter outlook, we have increased the lower end of our previously communicated first half 2025 Adjusted EBITDA guidance, and we are now expecting first half 2025 Adjusted EBITDA to be between $57M-$65M, previously $55M-$65M. We are also revising our revenue guidance to be between $315M-$345M, previously $325M-$355M and net income before taxes and discontinued operations to be between $10.5M-$23.2M. We expect adjusted net income before taxes and discontinued operations to be between $24M-$35M. Attainment of the Adjusted EBITDA guidance for the first half of the year would be near or above a ten-year record for TETRA, which would be achieved despite the uncertain environment the industry is experiencing and does not assume a material deterioration in the overall business environment from the current levels.' Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on TTI: Disclaimer & DisclosureReport an Issue Tetra Technologies reports Q1 adjusted EPS 11c, consensus 8c Is TTI a Buy, Before Earnings? Tetra Technologies price target lowered to $6.50 from $7 at Stifel Tetra Technologies announces withdrawal of Brad Radoff nominees Tetra Technologies announces pilot project with EOG Resources
Yahoo
01-05-2025
- Business
- Yahoo
Tetra Technologies Inc (TTI) Q1 2025 Earnings Call Highlights: Record EBITDA and Strategic ...
Adjusted EBITDA: Record $32.3 million, with margins of 20.5%. Total Revenue: $157 million, up 17% sequentially and 4% year-over-year. Completion Fluids and Products Revenue: $93 million, increased 35% sequentially. Completion Fluids and Products Adjusted EBITDA: $33.2 million, up 77% sequentially, with margins of 35.7%. Water and Flowback Services Revenue: $64 million, decreased 2% sequentially, but up 13% year-over-year. Water and Flowback Services Adjusted EBITDA: $8.3 million, increased $1.2 million year-over-year. Free Cash Flow: $4.2 million, with $15.4 million from the base business. Capital Expenditures: $18 million in Q1, including $11 million for Arkansas bromine plant expansion. Liquidity: Approximately $219 million, including $75 million available for the bromine project. Net Leverage Ratio: Improved to 1.5 times from 1.8 times at the end of the previous year. Warning! GuruFocus has detected 6 Warning Signs with TTI. Release Date: April 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Tetra Technologies Inc (NYSE:TTI) reported a record first quarter adjusted EBITDA of $32.3 million with margins of 20.5%, driven by strong performance in the completion fluids and product segment. Total revenue increased by 17% sequentially and 4% year-over-year, indicating solid growth. The company successfully completed the first of three scheduled Tetra CS Neptune wells and made significant progress on the second well. Tetra Technologies Inc (NYSE:TTI) saw a 60% increase in offshore deepwater operations, reflecting a steady increase in the deepwater market. The company generated strong free cash flow in the first quarter, with a year-over-year improvement of $41 million, including proceeds from the sale of Kodiak shares. Revenue for the water and flowback services segment declined by 2% sequentially, despite outperforming the US frac activity decline of approximately 10%. Margins on water and flowback services were down slightly from the fourth quarter, indicating some pressure in this segment. The current oil price environment creates uncertainty for US land activity, which could impact future performance. The deepwater market's lumpiness due to the timing of well completions can lead to variability in business results. There is uncertainty regarding the timing of future deepwater projects, which could be affected by prolonged lower oil prices. Q: What is the biggest hold-up for customers in adopting the Oasis technology for commercial use? A: Brady Murphy, CEO, explained that customers need to become comfortable with the technology and the evolving environmental framework. Regulatory and legislative developments are moving in a positive direction, particularly in Texas and Mexico. The company expects multiple pilot projects this year and anticipates commercial projects to start being negotiated in 2026, with potential acceleration in this timeline. Q: Can you provide specifics on the regulatory support for beneficial reuse of produced water? A: Brady Murphy, CEO, mentioned that Tetra is heavily engaged with the Texas Railroad Commission and TCEQ regarding the permitting process. Several legislative pieces are moving through the Texas House and Senate to support the surface discharge and beneficial reuse of produced water, which was previously prohibited. Q: How does Tetra plan to manage the timing of drilling and production for the Evergreen unit? A: Brady Murphy, CEO, stated that they will drill and complete the first well, then put it on standby until the bromine processing facility is ready. They plan to announce the timing for subsequent wells as the year progresses. Elijio Serrano, CFO, added that costs for upstream work are shared with a partner proportional to ownership in the Evergreen Unit. Q: What are the expectations for the desalination program in the Permian Basin compared to South Texas? A: Brady Murphy, CEO, explained that in South Texas, they achieved a 92% recovery of desalinated water. In the Permian, with higher total dissolved solids, they aim for a 60% yield. Commercially, they are ahead of schedule, with ongoing discussions for commercial-scale units. Q: How does the current deepwater market outlook compare to earlier this year, and how does it affect project development? A: Brady Murphy, CEO, noted that deepwater projects are long-cycle and have not seen changes in scheduling for this year despite market uncertainty. While lower oil prices could delay future projects, current projects are expected to proceed as planned. Kurt Hallead, VP of Investor Relations, added that recent announcements from offshore drillers indicate no pause in deepwater drilling programs. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
27-02-2025
- Business
- Yahoo
Tetra Technologies Inc (TTI) Q4 2024 Earnings Call Highlights: Record Water Treatment and ...
Adjusted EBITDA Margin: 17% in Q4 2024, up from 16.6% in Q3 2024 and 15.8% in Q4 2023. Industrial Chemicals Revenue Growth: Over 9% increase in 2024 compared to 2023. Completion Fluids and Products Revenue: $311 million for 2024, second highest since 2015. Water and Flowback Segment Margin: 13.8% in Q4 2024. Produced Water Volume: Record 89 million barrels treated and recycled in Q4 2024. Projected Net Income Before Taxes (H1 2025): Between $19 million and $34 million. Projected Adjusted EBITDA (H1 2025): Between $55 million and $65 million. Net Operating Loss (NOL) Carryforward: Can offset approximately $345 million of US taxable income, saving about $97.5 million in cash taxes. Cash on Hand (End of December 2024): $37 million. Liquidity (As of February 2025): Almost $207 million. Interest Expense (2025 Projection): Approximately $20 million. Capital Expenditures (2025 Projection): Between $30 million and $35 million. Cash Taxes (2025 Projection): Approximately $6 million to $7 million. Free Cash Flow (2025 Projection): Potential to generate over $50 million from the base business. Warning! GuruFocus has detected 4 Warning Sign with TTI. Release Date: February 26, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Tetra Technologies Inc (NYSE:TTI) reported strong offshore and industrial chemicals performance, which offset a weaker US land operations performance. The company achieved a record volume of 89 million barrels of treated and recycled produced water for frac reuse in the fourth quarter. Tetra's industrial chemicals business achieved its highest revenue and adjusted EBITDA in the company's history, with a 9% revenue growth over 2023. The company is projecting a significant year-over-year increase in both revenue and EBITDA in the first half of 2025, with net income before taxes between $19 million and $34 million. Tetra Technologies Inc (NYSE:TTI) has secured power for its Arkansas project and completed the front-end engineering design, preparing for the next phase of construction. The US land operations experienced a weaker than expected year-end slowdown, impacting overall performance. The water and flowback segment faced challenges due to operator consolidation and low natural gas prices, leading to a decline in rig count and frac fleet. The company anticipates potential regulatory restrictions on water disposal, which could impact operations. Tetra Technologies Inc (NYSE:TTI) experienced a year-on-year working capital increase of $21 million due to inventory ramp-up for projects. The company expects revenue from the water and flowback services segment to remain flat in 2025, despite efforts to enhance operational efficiencies. Q: How do you foresee the evolution of Tetra's emerging growth opportunities in 2025, particularly in water desalination and electrolytes? A: Brady Murphy, CEO, explained that the first half of 2025 will see benefits from long-term projects like CF Neptune and EOS electrolyte deliveries. Water desalination is a long-term venture, with several pilot operations expected in 2025, but commercial scale projects are anticipated in 2026. The company is also focused on constructing a bromine plant to support future growth. Q: What is the expected EBITDA for 2025, and what factors could influence the second half of the year? A: Elijio Serrano, CFO, indicated that the company expects at least $100 million in EBITDA for the full year, with $60 million projected for the first half. The second half's performance will depend on deepwater projects, electrolyte sales, and other initiatives. The company anticipates high single-digit to low double-digit top-line growth and stable or slightly improved margins. Q: What is the capacity for pilot desalination projects in 2025, and are there any constraints? A: Brady Murphy, CEO, stated that the lead time for pilots is mainly dependent on membrane systems from partners like KMX. The company is confident in placing orders for additional pilot units for 2025, with room to expand capacity if needed. Q: Can you provide more details on the Brazil Deepwater multi-year program and its potential revenue contribution? A: Brady Murphy, CEO, noted that Tetra is the only heavy brine completion fluid provider in Brazil, positioning them well for the two-year contract. The program is expected to contribute evenly over the next two years, with potential for heavier brine completion projects in Brazil. Q: How does Tetra plan to fund the bromine development project, and what is the timeline for plant startup? A: Brady Murphy, CEO, mentioned that the company is exploring options to fund the bromine project through free cash flow, potentially deferring or spacing out construction. Significant progress has been made, but a final investment decision timeline is not yet set. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
