Energy services firm Tetra Technologies slides on $100 mln share offering
02/06/2026 21:41
BUZZ-Energy services firm Tetra Technologies slides on $100 mln share offering ** Shares of energy services co Tetra Technologies TTI.N down 11.3% post-market to $9.66 after equity offering news
** Spring, Texas-headquartered TTI commences $100 mln stock offering
** It intends to use net offering proceeds for general purposes, including funding a portion of its Arkansas bromine project's construction costs
** JP Morgan lead bookrunner, along with Jefferies
** TTI has ~135.4 mln shares outstanding
** Stock finished up 5.1% at $10.89 on Tues, up 16% YTD
** 4 of 5 analysts rate the stock "strong buy" or "buy", 1 "hold"; median PT $11.50, per LSEG data
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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See all newsBrief: Tetra Bromine Project Enters Master Services Agreement With Diversified Construction On June 12
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Energy services co Tetra Technologies tumbles on $100 mln share sale