TETRA enters construction MSA for Phases 2/3 of Arkansas bromine project; $95M expected cost

TETRA TECHNOLOGIES INC

Subsidiary TETRA Bromine Project LLC signed MSA with Diversified Construction & Design for construction of Phases 2 and 3.
Estimated remaining capex $220M as of March 31, 2026; ~$95M expected under this agreement.
Liquidated damages for delay capped at $2M; warranty period 18 months after final acceptance, not beyond Dec 31, 2029.
Work orders to define scope, price (fixed-price or rate basis), and schedule per MSA terms.
TBP may terminate without cause on 30 days' notice, paying demobilization costs plus 5% of unpaid contract price.

Key facts

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

TETRA TECHNOLOGIES INC entered into Master Services Agreement with Diversified Construction & Design, L.L.C. valued at approximately $95 million (effective 2026-06-12).

Action: entry
Counterparty: Diversified Construction & Design, L.L.C.
Value: approximately $95 million
Effective: 2026-06-12

Exact text from the filing

On June 12, 2026, TETRA Bromine Project LLC (“TBP”), a Delaware limited liability company and a wholly owned subsidiary of TETRA Technologies, Inc., a Delaware corporation (the “Company”), entered into a Master Services Agreement (the “Agreement”) with Diversified Construction & Design, L.L.C. (“Contractor”).

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Source: SEC EDGAR

accession 0000844965-26-000046

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