TETRA Technologies

TETRA reported Q2 2026 revenue of $185.7m, up 19% sequentially and 7% year‑over‑year, with adjusted EBITDA of $31.9m and income from continuing operations of $10.2m. The company approved final investment for an Arkansas bromine plant (funded partly by ~$108m equity proceeds) expected online in early 2028 to secure bromine supply and lower costs. TETRA launched TETRA Neptune Z‑Lite for deepwater completions, expanded TETRA Oasis desalination IP and advanced electrolyte sales for long‑duration energy storage; international and offshore revenues reached 10‑year highs despite Middle East disruptions. Management reiterated 2030 growth targets, highlighted lithium and magnesium optionality on its Arkansas acreage, and said base business trends are in line with expectations while Neptune projects could materially affect H2 results. » Mere på finance.yahoo.com

Kurt Hallead, VP-Treasurer & IR at TETRA Technologies, reported an open-market purchase of 22,000 shares for about $217,000, raising his direct holdings to 170,764 shares (≈0.13% of outstanding). This is his third direct buy since May 2025 and continues an accumulation trend with no sells reported. The purchase occurred after a strong one-year share gain and follows TETRA's June secondary offering as the company raises capital to develop bromine leases in Southwest Arkansas with production targeted for early 2028. » Mere på finance.yahoo.com

TETRA Technologies has sold 10,810,811 common shares at USD 9.25 each in a guaranteed public placement, generating gross proceeds of about USD 100 million. The offering price is below the current market price of USD 10.89; the syndicate banks have a 30-day option to purchase up to 1,621,621 additional shares. Net proceeds are intended for general corporate purposes, including partial financing of the bromine project in Arkansas; J.P. Morgan and Jefferies are acting as bookrunners. Closing of the transaction is expected on June 4, 2026, subject to customary conditions. » Mere på de.investing.com