5 unchanged sentences
Dividend Information
−Removed: We intend to pay regular quarterly dividends on our common shares, with all future dividend payments subject to quarterly review and approval by our Board of Directors (Board).
−Removed: The declaration and amount of all potential future dividends will be at the discretion of our Board and will depend upon many factors, including our financial condition, results of operations, cash flows, prospects, industry conditions, capital requirements of our business, covenants associated with certain debt obligations, legal requirements, regulatory constraints, industry practice and other factors the Board deems relevant.
+Added: In April 2025, our Board suspended quarterly dividends on our common shares to prioritize returning capital to our shareholders through ongoing share repurchases.
+Added: The declaration and amount of any potential future dividends will be at the discretion of our Board and will depend upon many factors, including our financial condition, results of operations, cash flows, prospects, industry conditions, capital requirements of our business, covenants associated with certain debt obligations, legal requirements, regulatory constraints, industry practice and other factors the Board deems relevant.
In addition, our ability to pay cash dividends on common shares is limited by covenants in the Credit Agreement.
Future agreements may also limit our ability to pay dividends, and we may incur incremental taxes if we are required to repatriate foreign earnings to pay such dividends.
−Removed: The amount per share of our dividend payments may be changed, or dividends may be suspended, without advance notice.
+Added: If any dividends are declared in the future, the amount per share of our dividend payments may be changed, or dividends may again be suspended, without advance notice.
The likelihood that dividends will be reduced or suspended is increased during periods of market weakness.
−Removed: There can be no assurance that we will continue to pay a dividend in the future.
+Added: There can be no assurance that we will pay any dividends in the future.
Performance Graph
16 unchanged sentences
Tetra Technologies, Inc.
−Removed: Newpark Resources, Inc.
−Removed: Total Energy Services Inc.
+Added: NPK International Inc.
+Added: (formerly Newpark Resources, Inc.) Total Energy Services Inc.
The current peer group remained unchanged for 2025.
15 unchanged sentences
Total 222,426 $ 22.13 222,426 622,020
−Removed: (1) In September 2024, our Board authorized the repurchase of up to 5% of our total common shares which were issued and outstanding, or 710,556 common shares (the 2024 Share Repurchase Program).
−Removed: Under the 2024 Share Repurchase Program, we may repurchase shares through open market repurchases, pursuant to a Rule 10b5‑1 compliant plan, or in privately negotiated transactions.
−Removed: The 2024 Share Repurchase Program expires 12 months from the date of the first repurchase and was made pursuant to a foreign issuer bid exemption under Canadian securities law, which permits us to make repurchases in excess of 5% (subject to approval by our Board).
+Added: (1) In April 2025, our Board authorized the repurchase of up to 20% of our total common shares which are issued and outstanding at that date, or approximately 2.7 million common shares (the 2025 Share Repurchase Program).
+Added: Under the 2025 Share Repurchase Program, we may repurchase shares through a variety of methods, including but not limited to open market repurchases, pursuant to a Rule 10b5‑1 compliant plan, or privately negotiated transactions.
+Added: The 2025 Share Repurchase Program does not expire.
We repurchased an aggregate of 222,426 of our common shares outstanding for approximately $4.9 million under the 2025 Share Repurchase Program during the three months ended December 31, 2025.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.