Simmons Reiterates Overweight on TETRA Technologies (TTI) Following 2Q
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TETRA Technologies, Inc. To Purchase Series A Convertible Preferred Units From CSI Compressco LP
August 8, 2016 5:22 PM EDTTHE WOODLANDS, Texas, Aug. 8, 2016 /PRNewswire/ --Â TETRA Technologies, Inc. (NYSE: TTI) (the "Company" or "TETRA") today announced that it has acquired 874,891 Series A Convertible Preferred Units from CSI Compressco LP (the "Partnership") (NASDAQ: CCLP) at a price of $11.43 per unit, for total consideration of $10 million, as part of the Partnership's total offering of $50 million of such units.
When the private placement is complete, TETRA's ownership interest in CSI Compressco LP will be 42.4% of the outstanding common units, 20% of the outstanding preferred units, and the approximately... More
CSI Compressco LP Announces Closing Of $50 Million Private Placement Of Series A Convertible Preferred Units
August 8, 2016 5:21 PM EDTMIDLAND, Texas, Aug. 8, 2016 /PRNewswire/ -- CSI Compressco LP (NASDAQ: CCLP) ("CSI Compressco" or the "Partnership") today announced that it has closed a private placement (the "Private Placement") of approximately 4.4 million Series A Convertible Preferred Units (the "Preferred Units") at a cash purchase price of $11.43 per Preferred Unit (the "Issue Price") pursuant to a Series A Preferred Unit Purchase Agreement (the "Purchase Agreement") with the purchasers party thereto (collectively, the "Purchasers"). The Preferred Units will pay quarterly distributions in additional Preferred Units equal to an annual rate of 11.00% of the Issue... More
TETRA Technologies, Inc. Announces Second Quarter 2016 Results
August 8, 2016 7:30 AM EDTTHE WOODLANDS, Texas, Aug. 8, 2016 /PRNewswire/ --Â TETRA Technologies, Inc. (NYSE: TTI) (TETRA or the Company) today announced a consolidated second quarter 2016 net loss per share attributable to TETRA stockholders of $(0.32), which compares to earnings of $0.19 in the second quarter of 2015.
TETRA's adjusted per share results attributable to TETRA stockholders for the second quarter of 2016, excluding Maritech and other charges, were a loss of $(0.15), which compares to adjusted diluted earnings per share attributable to TETRA stockholders of $0.17 in the second quarter of 2015, also excluding Maritech and other charges. Second quarter 2016 revenue of... More
