TETRA Technologies, Inc. Enters Master Services Agreement for Bromine Production Facility

TETRA Technologies, Inc. (the "Company"), through its wholly-owned subsidiary TETRA Bromine Project LLC, has entered into a Master Services Agreement (the "Agreement") with Diversified Construction & Design, L.L.C. (the "Contractor"). This Agreement governs the construction, commissioning, and related services for Phases 2 and 3 of the Company's bromine production facility near Stamps, Arkansas. These phases constitute a significant portion of the remaining construction work, with an estimated capital expenditure of approximately $95 million expected for services under this Agreement. The Agreement outlines terms for work orders, payment structures (fixed-price or rate basis), performance warranties (18 months), and liquidated damages for delays, capped at $2.0 million. The Company has the option to terminate the Agreement or individual work orders with 30 days' notice, with provisions for contractor costs upon termination. The filing also includes cautionary statements regarding forward-looking statements related to the project's scope, cost, and timing.