Tetra Technologies Announces Completion Of Definitive Feasibility Study For The Arkansas Bromine Project And Upgrade Of Previously Announced Bromine Resources To Reserves
Portfolio Pulse from Benzinga Newsdesk
TETRA Technologies, Inc. (NYSE: TTI) has completed a Definitive Feasibility Study (DFS) for its Arkansas Bromine Project, upgrading previously announced bromine resources to reserves. The study indicates a Net Present Value (NPV) of $710 million for a vertically integrated production case, compared to $337 million for third-party bromine purchases. The project is expected to increase TETRA's revenue by $200-$250 million and Adjusted EBITDA by $90-$115 million. The project will be funded through existing credit facilities and cash flow, with a projected payback period of 5.7 years.
August 07, 2024 | 9:43 pm
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TETRA Technologies' completion of the DFS for the Arkansas Bromine Project and the upgrade of bromine resources to reserves is expected to significantly enhance the company's financial performance. The vertically integrated production case shows an NPV of $710 million, compared to $337 million for third-party purchases. The project is projected to increase revenue by $200-$250 million and Adjusted EBITDA by $90-$115 million.
The completion of the DFS and the upgrade of bromine resources to reserves are significant milestones for TETRA Technologies. The vertically integrated production case is expected to provide substantial financial benefits, including increased revenue and EBITDA. The project's positive NPV and high IRR indicate strong potential for value creation.
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