TETRA Technologies, Inc. is a geographically diversified oil and gas services company, focused on completion fluids and associated products and services, water management, frac flowback, production well testing, and compression services and equipment. TETRA owns an equity interest, including all of the general partner interest, in CSI Compressco LP, a master limited partnership.
Company profile
Ticker
TTI
Exchange
Website
CEO
Brady Murphy
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Compressco, Inc. • Compressco Testing, L.L.C. • Compressco Field Services, LLC • TETRA Applied Holding Company • TETRA Production Testing Holding LLC • T-Production Testing, LLC • TETRA Production Testing Services, LLC • TETRA Financial Services, Inc. • TETRA-Hamilton Frac Water Services, LLC • TETRA International Incorporated ...
IRS number
742148293
TTI stock data
News
Tetra Technologies Q2 EPS $0.05, Inline, Sales $140.72M Beat $134.70M Estimate
1 Aug 22
Earnings Scheduled For August 1, 2022
1 Aug 22
Preview: Tetra Technologies's Earnings
29 Jul 22
Benzinga's Top Ratings Upgrades, Downgrades For June 1, 2022
1 Jun 22
EF Hutton Initiates Coverage On Tetra Technologies with Buy Rating, Announces Price Target of $8
1 Jun 22
Press releases
TETRA TECHNOLOGIES, INC. ANNOUNCES EXCLUSIVE TECHNOLOGY AGREEMENTS WITH KMX TECHNOLOGIES AND HYREC HOLDINGS COMPANY FOR OIL AND GAS WELLS PRODUCED WATER BENEFICIAL REUSE
8 Aug 22
TETRA TECHNOLOGIES, INC. ANNOUNCES SECOND QUARTER 2022 FINANCIAL RESULTS AND LITHIUM AND BROMINE BRINE SAMPLING RESULTS FROM EXPLORATORY WELL
1 Aug 22
TETRA Technologies, Inc. Announces Second Quarter 2022 Earnings Release Conference Call and Webcast
15 Jul 22
TETRA TECHNOLOGIES, INC. ANNOUNCES PARTICIPATION IN UPCOMING INVESTOR CONFERENCES
2 Jun 22
TETRA TECHNOLOGIES, INC. TO PARTICIPATE IN THE LOUISIANA ENERGY CONFERENCE
31 May 22
Analyst ratings and price targets
Calendar
2 Aug 22
19 Aug 22
31 Dec 22
Financial summary
| Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 36.33M | 36.33M | 36.33M | 36.33M | 36.33M | 36.33M |
| Cash burn (monthly) | (no burn) | 1.17M | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 1.97M | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | 34.37M | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 29.4 | n/a | n/a | n/a | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 5 Aug 22 | Jacek M Mucha | Common Stock | Payment of exercise | Dispose F | No | No | 3.72 | 11,589 | 43.11K | 89,978 |
| 5 Aug 22 | Jacek M Mucha | Common Stock | Option exercise | Acquire M | No | No | 0 | 31,027 | 0 | 101,567 |
| 5 Aug 22 | Jacek M Mucha | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 31,027 | 0 | 0 |
| 26 May 22 | Luna Gina | Common Stock | Option exercise | Acquire M | No | No | 0 | 31,216 | 0 | 224,034 |
| 26 May 22 | Luna Gina | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 31,216 | 0 | 0 |
| 26 May 22 | Thomas R Bates JR | Common Stock | Option exercise | Acquire M | No | No | 0 | 31,216 | 0 | 439,260 |
| 26 May 22 | Thomas R Bates JR | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 31,216 | 0 | 0 |
| 26 May 22 | Glick John F | Common Stock | Option exercise | Acquire M | No | No | 0 | 31,216 | 0 | 396,838 |
| 26 May 22 | Glick John F | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 31,216 | 0 | 0 |
| 26 May 22 | Sharon D. Booth McGee | Common Stock | Option exercise | Acquire M | No | No | 0 | 9,946 | 0 | 9,946 |
Institutional ownership, Q2 2022
64.8% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 150 |
| Opened positions | 34 |
| Closed positions | 14 |
| Increased positions | 45 |
| Reduced positions | 52 |
| 13F shares | Current |
|---|---|
| Total value | 315.3M |
| Total shares | 83.17M |
| Total puts | 135.6K |
| Total calls | 415.4K |
| Total put/call ratio | 0.3 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 9.46M | $38.39M |
| Yetiv Jack | 8.12M | $23.06M |
| Fuller & Thaler Asset Management | 7.09M | $28.79M |
| Vanguard | 6.62M | $26.87M |
| Hirschman Orin | 3.56M | $2M |
| Millennium Management | 3.11M | $12.65M |
| STT State Street | 2.93M | $11.89M |
| Victory Capital Management | 2.25M | $9.12M |
| Gendell Jeffrey L | 2.22M | $9M |
| Geode Capital Management | 2.15M | $8.73M |
Financial report summary
?Competition
Nuverra Environmental SolutionsManagement Discussion
- Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
- We are an industrial and oil and gas products and services company operating on six continents, focused on bromine-based completion fluids, calcium chloride, water management solutions, frac flowback and production well testing services. Calcium chloride is used in the oil and gas industry, and also has broad industrial applications to the agricultural, road, food and beverage and lithium production markets. We are composed of two segments – Completion Fluids & Products Division and Water & Flowback Services Division.
- Customer activity levels continued to trend upward as sustained high oil prices increased to an average of approximately $109 per barrel for the second quarter of 2022, and natural gas prices averaged $7.50 per million Btu. As a result, second quarter consolidated revenue of $270.8 million is very comparable to the pre-pandemic period, but with significantly fewer operating frac crews in the United States.
Content analysis
?| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. sophomore Avg
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New words:
agreed, agricultural, American, analyze, arbitration, Argentina, assistance, assumed, beverage, broad, Chemtura, Codification, declaratory, declared, declaring, duration, engineering, Europe, fall, filtration, fist, flexibility, food, foot, fracking, hearing, highest, intellectual, invalid, justified, labor, lengthy, location, notified, obsolete, pending, proceeding, public, pulled, pulling, registration, reimbursed, relief, resumed, road, sand, scrap, seeking, shelf, short, specialist, square, sustained, tangible, ultimately, unable, unique, universal, unrealized, uplift, variable, written
Removed:
bad, ramp
Financial reports
Current reports
8-K
Tetra Technologies, Inc. Announces Second Quarter
1 Aug 22
8-K
Departure of Directors or Certain Officers
25 May 22
8-K
Tetra Technologies, Inc. Announces First Quarter 2022
2 May 22
8-K
Tetra Technologies, Inc. Announces Fourth Quarter and Total Year 2021 Results and Provides Update on Low Carbon Energy Initiatives
28 Feb 22
8-K
Tetra Technologies, Inc. Announces Addition of
7 Feb 22
8-K
Regulation FD Disclosure
19 Nov 21
8-K
Tetra Technologies, Inc. Announces Third Quarter 2021 Income Before Discontinued Operations
1 Nov 21
8-K
Tetra Technologies, Inc. Announces Second
2 Aug 21
8-K
Entry into a Material Definitive Agreement
2 Aug 21
8-K
Departure of Directors or Certain Officers
30 Jul 21
Registration and prospectus
S-8 POS
Registration of securities for employees (post-effective amendment)
27 May 21
S-8
Registration of securities for employees
26 May 21
424B2
Prospectus for primary offering
1 May 19
S-3
Shelf registration
11 Apr 19
S-8
Registration of securities for employees
4 May 18
S-8
Registration of securities for employees
4 May 18
S-8
Registration of securities for employees
11 Feb 18
S-8
Registration of securities for employees
21 Dec 16
424B5
Prospectus supplement for primary offering
11 Dec 16
Proxies
DEFA14A
Additional proxy soliciting materials
11 Apr 22
DEFA14A
Additional proxy soliciting materials
14 May 21
DEFA14A
Additional proxy soliciting materials
13 Apr 21
DEFA14A
Additional proxy soliciting materials
23 Mar 20
DEFA14A
Additional proxy soliciting materials
21 Mar 19
DEF 14A
Definitive proxy
21 Mar 19
DEFA14A
Additional proxy soliciting materials
26 Apr 18
Other
EFFECT
Notice of effectiveness
18 May 22
CORRESP
Correspondence with SEC
12 May 22
UPLOAD
Letter from SEC
10 May 22
SD
Conflict minerals disclosure
1 Jun 21
SD
Conflict minerals disclosure
28 May 21
SD
Conflict minerals disclosure
19 May 20
SD
Conflict minerals disclosure
23 May 19
EFFECT
Notice of effectiveness
2 May 19
CORRESP
Correspondence with SEC
28 Apr 19
UPLOAD
Letter from SEC
17 Apr 19
Ownership
4
TETRA / Jacek M Mucha ownership change
8 Aug 22
11-K
Annual report of employee stock purchases
28 Jun 22
4
TETRA / JOHN F GLICK ownership change
27 May 22
4
TETRA / GINA LUNA ownership change
27 May 22
4
TETRA / Sharon D. Booth McGee ownership change
27 May 22
4
TETRA / THOMAS R BATES JR ownership change
27 May 22
4
TETRA / MARK E BALDWIN ownership change
27 May 22
4
TETRA / Shawn D. Williams ownership change
26 May 22
4
TETRA / Shawn D. Williams ownership change
25 May 22
4
TETRA / Sharon D. Booth McGee ownership change
25 May 22
Patents
Utility
Method of delivering frac fluid and additives
19 Jul 22
A method for the controlled delivery of a fracturing fluid to a well bore comprises formulating an aqueous base fluid such that it meets or exhibits desired physical and chemical characteristics for an optimal fracturing fluid.
Utility
Method and apparatus for hydrocyclone
31 May 22
An improved modular hydrocyclone and method of operating for centrifugal cleaning fluid wherein the hydrocyclone has a plurality of inserts each of different sizes and configurations for selectively and interchangeably inserting into the modular body thereby adjusting capacity and cleaning efficiency of the hydrocyclone without changing out the body.
Utility
Stabilization and reduction of TCT of divalent iodide-containing brines
5 Apr 22
A composition for use in a wellbore activity, the composition comprising a stabilized divalent iodide brine, the stabilized divalent iodide brine comprises a divalent salt system, where the divalent salt system comprises a divalent iodide, an primary iodide stabilizer, the primary iodide stabilizer operable to remove free iodine, prevent the formation of free iodine, and suppress TCT, and an aqueous fluid, where the stabilized divalent iodide brine has a density greater than 11 lb/gal, where the stabilized divalent iodide brines has a TCT of less than or equal to 70 deg F.
Utility
High Density, Low TCT Divalent Brines and Uses Thereof
10 Mar 22
A method of using a suppression factor fluid during a well activity is provided.
Utility
Stabilization and reduction of TCT of brines containing monovalent iodides
1 Mar 22
A composition for use in a wellbore activity, the composition comprising a stabilized monovalent iodide brine, the stabilized monovalent iodide brine comprises a monovalent salt system, the monovalent salt system comprises a monovalent iodide; a primary iodide stabilizer, the primary iodide stabilizer operable to remove free iodine, prevent the formation of free iodine, and suppress TCT; and an aqueous fluid, where the stabilized monovalent iodide brine has a density greater than 10 lb/gal, where the stabilized monovalent iodide brine has a TCT of less than or equal to 70 deg F.
Transcripts
2022 Q2
Earnings call transcript
2 Aug 22
2022 Q1
Earnings call transcript
3 May 22
2021 Q4
Earnings call transcript
1 Mar 22
2021 Q3
Earnings call transcript
2 Nov 21
2021 Q2
Earnings call transcript
3 Aug 21
2021 Q1
Earnings call transcript
4 May 21
2020 Q4
Earnings call transcript
26 Feb 21
2020 Q3
Earnings call transcript
3 Nov 20
2020 Q3
Earnings call transcript
3 Nov 20
2020 Q2
Earnings call transcript
4 Aug 20
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