TETRA Technologies, Inc., together with its subsidiaries, operates as a diversified oil and gas services company. It operates through two segments, Completion Fluids & Products, and Water & Flowback Services. The Completion Fluids & Products segment manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States, as well as in Latin America, Europe, Asia, the Middle East, and Africa. This segment also markets liquid and dry calcium chloride products. The Water & Flowback Services segment provides water management services for onshore oil and gas operators. This segment also offers frac flowback, production well testing, offshore rig cooling, and other associated services in oil and gas producing regions in the United States and Mexico, as well as in various basins in Latin America, Africa, Europe, and the Middle East. The company was incorporated in 1981 and is headquartered in The Woodlands, Texas.
IPO Year:
Exchange: NYSE
Website: tetratec.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/28/2023 | $8.00 | Buy | The Benchmark Company |
| 6/24/2022 | $7.00 | Hold → Buy | Johnson Rice |
THE WOODLANDS, Texas, May 5, 2025 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) announced that its senior management will participate at the D. Boral Capital Inaugural Global Conference at The Plaza Hotel in New York City on May 14, 2025. Brady Murphy, Chief Executive Officer, Elijio Serrano, Chief Financial Officer and Kurt Hallead, VP of Investor Relations and Treasurer will be hosting one-on-one meetings with institutional investors on May 14. Investors interested in scheduling one-on-ones with TETRA's management at The Plaza Hotel in New York City, should contact John Perez at [email protected]. Company Overview TETRA Technologies, Inc. is an en
First Quarter 2025 Financial Highlights Revenue of $157 million increased 17% sequentiallyNet income before taxes and discontinued operations of $5.1 million decreased $2.3 million sequentially from $7.4 million as the prior quarter included $5 million of unrealized mark-to-market gainsAdjusted EBITDA of $32.3 million increased $9.4 million sequentially from $22.8 millionGAAP earnings per share were $0.03. Adjusted earnings per share were $0.11Net cash provided by operating activities was $3.9 million, while free cash flow from the base business was $15.4 million, including $19 million of cash proceeds from the sale of shares in Kodiak Gas Services, LLC.Capital expenditures were $18 million,
THE WOODLANDS, Texas, April 24, 2025 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) announced that on April 22, 2025 the Arkansas Oil & Gas Commission ("AOGC") approved TETRA's application to expand the previously approved Evergreen Unit from 6,138 gross acres to 6,953 gross acres. A test well reported by a third party within the expansion unit acreage shows lithium concentrations above the estimated average within the original 6,138 acres Evergreen Unit, and based on reservoir studies conducted by Lonquist Engineering, the new expansion unit is expected to enhance and prolong the production of bromine and other minerals within the Evergreen Unit from the Sma
THE WOODLANDS, Texas, April 10, 2025 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) announced today that it will release first quarter 2025 results after the closing of the market on Tuesday, April 29, 2025. On April 30, 2025, TETRA will host a conference call at 10:30 a.m. Eastern Time to discuss the results. Brady M. Murphy, President and CEO, and Elijio V. Serrano, Senior Vice President and CFO, will host the call. TETRA invites you to listen to the conference call by calling the toll-free phone number 1-800-836-8184. The conference call will also be available by live audio webcast. The news release will be available on the Company's website prior to the co
2025 Annual Meeting of Shareholders Continues as Planned Notes Shareholders Are Not Required to Take Any Action At This Time THE WOODLANDS, Texas, April 3, 2025 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI), a leader in delivering energy services and new energy solutions, yesterday received notice from the investor group led by Brad Radoff (the "Investor Group") of its irrevocable withdrawal of its four director nominees. As a result, TETRA's 2025 Annual Meeting of Shareholders will be uncontested and continue as previously planned. The Company expects to file a definitive proxy statement with the U.S. Securities and Exchange Commission in the near term. The
THE WOODLANDS, Texas, March 27, 2025 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) today announced a pilot project with EOG Resources, Inc. ("EOG") using TETRA Oasis Total Desalination Solution ("TDS"), an end-to-end water treatment and desalination solution for re-use and mineral extraction applications for produced water from oil and gas wells. TETRA's solution includes a proprietary treatment process integrated with TETRA's exclusive membrane technologies to address the wide range of produced water quality from different oil and gas basins. TETRA Oasis TDS has successfully demonstrated in the field the ability to deliver a water quality that achieves or
Also Discloses Receipt of Nomination Notice from Shareholder Brad Radoff Notes Shareholders Are Not Required to Take Any Action at This Time THE WOODLANDS, Texas, March 25, 2025 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI), a leader in delivering energy services and new energy solutions, today announced that it intends to continue the refreshment of its Board of Directors (the "Board") at the Company's 2025 Annual Meeting of Shareholders (the "Annual Meeting"). TETRA is Committed to Continued Board Refreshment That Supports Value Creation After retaining and working with a nationally recognized recruitment firm, TETRA plans to nominate Julie Sloat, the forme
Sends Letter to TTI Board Highlighting Decades-Long Underperformance, Lack of Strategy, Poor Corporate Governance, Failed Succession Planning and Board Entrenchment Believes TTI Board is More Concerned with Preserving the Seats of Chairman John F. Glick and Directors Mark E. Baldwin and Thomas R. Bates, Jr., Than Addressing the Company's Corporate Strategy, Capital Allocation and Governance Failures Believes TTI Board Change is Urgently Needed to Create Long-Term Value for Stockholders HOUSTON, March 24, 2025 /PRNewswire/ -- Bradley L. Radoff and Michael Torok (together with certain of their affiliates, the "Radoff-Torok Group"), who collectively own more than 4.9% of the outstanding stock o
THE WOODLANDS, Texas, March 10, 2025 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) announced that it has hired Kurt Hallead as Treasurer and Vice President of Investor Relations. Mr. Hallead will assume responsibility for TETRA's treasury, investor relations, and financial planning and analysis ("FP&A") functions. Kurt joins the Company with over 30 years of experience as an equity research analyst covering the energy sector, most recently as Head of Global Energy at The Benchmark Company, LLC. Prior to Benchmark, Kurt was Managing Director and Head of Global Energy Research at RBC Capital Markets. Kurt was also previously a portfolio manager at Cambridg
THE WOODLANDS, Texas, March 10, 2025 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) announced that its senior management will participate at the Roth 37th Annual Conference in Dana Point, California on March 17 and 18, 2025. Brady Murphy, Chief Executive Officer, and Kurt Hallead, VP of Investor Relations and Treasurer will be hosting one-on-one meetings with institutional investors on March 17 and 18. Investors interested in scheduling one-on-ones with Tetra's management team during the conference at The Laguna Cliffs Marriott Resort & Spa (25135 Park Lantern, Dana Point, CA 92629), should request meetings through ROTH at [email protected]. Company Overvie
First Quarter 2025 Financial Highlights Revenue of $157 million increased 17% sequentiallyNet income before taxes and discontinued operations of $5.1 million decreased $2.3 million sequentially from $7.4 million as the prior quarter included $5 million of unrealized mark-to-market gainsAdjusted EBITDA of $32.3 million increased $9.4 million sequentially from $22.8 millionGAAP earnings per share were $0.03. Adjusted earnings per share were $0.11Net cash provided by operating activities was $3.9 million, while free cash flow from the base business was $15.4 million, including $19 million of cash proceeds from the sale of shares in Kodiak Gas Services, LLC.Capital expenditures were $18 million,
THE WOODLANDS, Texas, April 10, 2025 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) announced today that it will release first quarter 2025 results after the closing of the market on Tuesday, April 29, 2025. On April 30, 2025, TETRA will host a conference call at 10:30 a.m. Eastern Time to discuss the results. Brady M. Murphy, President and CEO, and Elijio V. Serrano, Senior Vice President and CFO, will host the call. TETRA invites you to listen to the conference call by calling the toll-free phone number 1-800-836-8184. The conference call will also be available by live audio webcast. The news release will be available on the Company's website prior to the co
Fourth Quarter Financial Highlights Fourth quarter GAAP income from continuing operations was $102 million and GAAP diluted earnings per share from continuing operations was $0.77, inclusive of a non-cash $97.5 million favorable valuation allowance adjustment to deferred tax assets in the United States.Excluding unusual and non-recurring credits and expenses, adjusted income from continuing operations was $3.9 million, a 16% sequential improvement. Adjusted diluted net income per share from continuing operations was $0.03. Fourth quarter Adjusted EBITDA was $22.8 million.Fourth quarter revenue of $134.5 million decreased 5% sequentially.Fourth quarter net cash provided by operating activitie
THE WOODLANDS, Texas, Jan. 31, 2025 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) announced today that it will release fourth quarter and full year 2024 results after the closing of the market on Tuesday, February 25, 2025. On February 26, 2025, TETRA will host a conference call at 10:30 a.m. Eastern Time to discuss the results. Brady M. Murphy, President and CEO, and Elijio V. Serrano, Senior Vice President and CFO, will host the call. TETRA invites you to listen to the conference call by calling the toll-free phone number 1-800-836-8184. The conference call will also be available by live audio webcast. The news release will be available on the Company's web
Third-quarter revenue of $142 millionGAAP income before taxes and discontinued operations of $7.6 million and EPS from continuing operations of $0.02Adjusted EBITDA of $23.5 million and adjusted net income per share of $0.03Net cash provided by operating activities of $19.9 million, total adjusted free cash flow of $7.4 million, base business adjusted free cash flow(1) of $16.0 millionTHE WOODLANDS, Texas, Oct. 29, 2024 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) today announced third-quarter 2024 financial results and an increasing deepwater backlog following the award of a deepwater project in Brazil. Brady Murphy, TETRA President and Chief Executive Offi
THE WOODLANDS, Texas, Oct. 10, 2024 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) announced today that it will release third quarter results after the closing of the market on Tuesday, October 29, 2024. On October 30, 2024, TETRA will host a conference call at 10:30 a.m. Eastern Time to discuss the results. Brady M. Murphy, President and CEO, and Elijio V. Serrano, Senior Vice President and CFO, will host the call. TETRA invites you to listen to the conference call by calling the toll-free phone number 1-800-836-8184. The conference call will also be available by live audio webcast. The news release will be available on the Company's website prior to the conf
Secured a three-well deepwater TETRA CS Neptune fluids project in the Gulf of Mexico with a super major operator that is scheduled to begin late in the fourth quarter of 2024.Second quarter revenue of $172 million increased 14% sequentially.Second quarter net income of $7.6 million.Second quarter net income per share was $0.06 and net income per share excluding unusual items was $0.07.Adjusted EBITDA of $30.2 million increased 32% sequentially, despite $1.1 million in foreign exchange losses.Second quarter net cash provided by operating activities of $24.8 million with total adjusted free cash flow of $9.4 million and base business adjusted free cash flow(1) of $19.2 million.THE WOODLANDS, T
THE WOODLANDS, Texas, July 11, 2024 /PRNewswire/ --TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) announced today that it will release second quarter results after the closing of the market on Wednesday, July 31, 2024. On August 1, 2024, TETRA will host a conference call at 10:30 a.m. Eastern Time to discuss the results. Brady M. Murphy, President and CEO, and Elijio V. Serrano, Senior Vice President and CFO, will host the call. TETRA invites you to listen to the conference call by calling the toll-free phone number 1-800-836-8184. The conference call will also be available by live audio webcast. The news release will be available on the Company's website prior to the confere
First quarter revenue of $151 million increased 3% year-over-year.First quarter net income was $915,000 and net income per share attributable to TETRA stockholders was $0.01.First quarter net cash used in operating activities was $13.8 million while adjusted free cash flow was a use of $29.6 million.First quarter net income per share excluding unusual items was $0.05. Adjusted EBITDA of $22.8 million increased 11% year-over-year.Term loan refinanced with a delayed draw feature for the bromine project and a 2030 maturity.THE WOODLANDS, Texas, April 30, 2024 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) today announced first quarter 2024 financial results. Brad
THE WOODLANDS, Texas, April 16, 2024 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) announced today that it will release first quarter results after the closing of the market on Tuesday, April 30, 2024. On May 1, 2024, TETRA will host a conference call at 10:30 a.m. Eastern Time to discuss the results. Brady M. Murphy, President and CEO, and Elijio V. Serrano, Senior Vice President and CFO, will host the call. TETRA invites you to listen to the conference call by calling the toll-free phone number 1-800-836-8184. The conference call will also be available by live audio webcast. The news release will be available on the Company's website prior to the conference
The Benchmark Company initiated coverage of TETRA Tech with a rating of Buy and set a new price target of $8.00
Johnson Rice upgraded TETRA Tech from Hold to Buy and set a new price target of $7.00
Stifel upgraded Tetra Technologies from Hold to Buy and set a new price target of $3.00
Evercore ISI upgraded TETRA Technologies from Underperform to Outperform and set a new price target of $3.00
Evercore ISI Group upgraded Tetra Technologies from Underperform to Outperform and set a new price target of $3.00
Evercore ISI upgraded TETRA Technologies from Underperform to Outperform
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Also Discloses Receipt of Nomination Notice from Shareholder Brad Radoff Notes Shareholders Are Not Required to Take Any Action at This Time THE WOODLANDS, Texas, March 25, 2025 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI), a leader in delivering energy services and new energy solutions, today announced that it intends to continue the refreshment of its Board of Directors (the "Board") at the Company's 2025 Annual Meeting of Shareholders (the "Annual Meeting"). TETRA is Committed to Continued Board Refreshment That Supports Value Creation After retaining and working with a nationally recognized recruitment firm, TETRA plans to nominate Julie Sloat, the forme
Sends Letter to TTI Board Highlighting Decades-Long Underperformance, Lack of Strategy, Poor Corporate Governance, Failed Succession Planning and Board Entrenchment Believes TTI Board is More Concerned with Preserving the Seats of Chairman John F. Glick and Directors Mark E. Baldwin and Thomas R. Bates, Jr., Than Addressing the Company's Corporate Strategy, Capital Allocation and Governance Failures Believes TTI Board Change is Urgently Needed to Create Long-Term Value for Stockholders HOUSTON, March 24, 2025 /PRNewswire/ -- Bradley L. Radoff and Michael Torok (together with certain of their affiliates, the "Radoff-Torok Group"), who collectively own more than 4.9% of the outstanding stock o
THE WOODLANDS, Texas, March 21, 2024 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) announced today that its Board of Directors has appointed Angela D. John as a member of the Board of Directors, effective March 20, 2024. With nearly 30 years of experience with BP and Williams, including senior executive business and strategy leadership roles, Ms. John brings great industry and energy transition experience to TETRA. Ms. John will serve as an independent director and a member of the Audit Committee and the Nominating, Governance and Sustainability Committee of the board, effective as of her appointment to the board. In addition, Gina A. Luna, a current member
THE WOODLANDS, Texas, May 26, 2022 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) today announced the completion of a previously planned transition of the leadership of its board of directors. As disclosed in the Company's Proxy Statement for the 2022 annual meeting of stockholders, William D. Sullivan retired from TETRA's board of directors and as its chairman at the conclusion of the May 24, 2022 annual meeting. The board unanimously appointed John "Jay" F. Glick to succeed Sullivan as board chair, effective May 24, 2022. Brady Murphy, TETR
THE WOODLANDS, Texas, Jan. 7, 2021 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE: TTI) announced today that Paul D. Coombs has informed the Board of Directors of his intent to retire from TETRA's board following completion of the 2021 Annual Meeting of TETRA Stockholders. The Board of Directors expressed its congratulations to Mr. Coombs for his career, and gratitude for his contributions to the success of TETRA. In connection with Mr. Coombs' retirement, the board expects to reduce its size from eight to seven members as a cost reduction measure appropriate in the current environment. Mr. Coombs joined TETRA in 1982 and held several positions of increasing res
THE WOODLANDS, Texas, Jan. 4, 2021 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE: TTI) today announced that as part of its ongoing strategic review, the Company is actively pursuing several options to deconsolidate CSI Compressco LP ("CSI Compressco") (NASDAQ: CCLP) from TETRA's financial statements. One option to achieve this result would involve an exchange of TETRA's general partner interest and incentive distribution rights for additional CSI Compressco common units, along with other related changes (the "GP Exchange"). A GP Exchange would streamline CSI Compressco's structure consistent with multiple peer MLP simplifications completed in the sector in rec
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