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TTI Tetra

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

TTI stock data

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Calendar

2 Aug 21
4 Aug 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Mar 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Tetra earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 50.38M 50.38M 50.38M 50.38M 50.38M 50.38M
Cash burn (monthly) 1.28M 533.42K 1.76M (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 1.5M 623.17K 2.05M n/a n/a n/a
Cash remaining 48.88M 49.76M 48.33M n/a n/a n/a
Runway (months of cash) 38.1 93.3 27.5 n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
26 May 21 Luna Gina RSU Common Stock Grant Aquire A No No 0 31,216 0 31,216
26 May 21 Mark E Baldwin RSU Common Stock Grant Aquire A No No 0 31,216 0 31,216
26 May 21 Thomas R Bates JR RSU Common Stock Grant Aquire A No No 0 31,216 0 31,216
26 May 21 Glick John F RSU Common Stock Grant Aquire A No No 0 31,216 0 31,216
26 May 21 Sullivan William D RSU Common Stock Grant Aquire A No No 0 31,216 0 31,216

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

53.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 105 3 +3400.0%
Opened positions 102 0 NEW
Closed positions 0 72 EXIT
Increased positions 1 0 NEW
Reduced positions 2 3 -33.3%
13F shares
Current Prev Q Change
Total value 172.58M 16.41M +951.4%
Total shares 67.77M 19.05M +255.7%
Total puts 482.9K 0 NEW
Total calls 520.3K 0 NEW
Total put/call ratio 0.9
Largest owners
Shares Value Change
Fuller & Thaler Asset Management 8.06M $19.35M +15.9%
Yetiv Jack 7.33M $19.28M NEW
Vanguard 5.37M $12.89M NEW
TROW T. Rowe Price 5.19M $12.46M NEW
Huber Capital Management 2.94M $7.05M NEW
Roumell Asset Management 2.49M $5.99M -75.8%
Millennium Management 2.41M $5.78M NEW
BLK Blackrock 2.3M $5.51M NEW
RK Capital Management 2.14M $5.13M NEW
Marathon Capital Management 1.86M $4.47M NEW
Largest transactions
Shares Bought/sold Change
Roumell Asset Management 2.49M -7.8M -75.8%
Yetiv Jack 7.33M +7.33M NEW
Vanguard 5.37M +5.37M NEW
TROW T. Rowe Price 5.19M +5.19M NEW
Huber Capital Management 2.94M +2.94M NEW
Millennium Management 2.41M +2.41M NEW
BLK Blackrock 2.3M +2.3M NEW
RK Capital Management 2.14M +2.14M NEW
Marathon Capital Management 1.86M +1.86M NEW
Acadian Asset Management 1.77M +1.77M NEW

Financial report summary

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Management Discussion
  • Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
  • We are a geographically diversified oil and gas services company, focused on completion fluids and associated products and services, comprehensive water management, frac flowback and production well testing. We operate through two reporting segments organized into two Divisions - Completion Fluids & Products and Water & Flowback Services. In January, we announced our commitment to pursue low carbon energy initiatives that would leverage our fluids and aqueous chemistry core competencies, our significant bromine and lithium assets (including our approximately 31,100 net acres of brine leases in Arkansas) and technologies, and our leading calcium chloride production capabilities.
  • After declining to historic lows due to depressed oil prices resulting from Russia and Saudi Arabia’s price war and the COVID-19 pandemic last year, toward the end of 2020 and into the first quarter of 2021, customer activity levels in the North America onshore business began to recover as oil prices returned to over $60 per barrel. Customer activity levels continued to improve during the second quarter as oil prices remained constructive, increasing into the $70 per barrel range by the end of the quarter.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: accordion, capture, CarbonFree, commercial, detailed, expertise, expire, Free, joint, lagged, legal, memorandum, mentioned, mineralization, mineralize, MOU, nominal, outbreak, patented, pilot, rapidly, repay, stable, staffing, strength, technical, technology, variant, venture
Removed: acquisition, agreed, Ana, appeal, April, assumed, assurance, August, awaiting, bond, Bonding, breach, Clarke, close, collect, collectively, court, cover, coverage, decommissioning, defend, deficiency, Department, direction, dismissed, enforce, Epic, equal, equivalent, escrow, escrowed, event, extend, extension, extent, favor, final, finance, fourth, grant, granted, granting, guaranteed, guaranty, implied, inclusive, indemnity, insurance, Interior, lawsuit, leaseback, Legacy, liable, located, location, maintenance, manufacturing, meeting, membership, mitigate, modify, motion, natural, notice, November, number, original, Orinoco, owed, policy, promissory, recording, relating, remain, rental, replace, replacement, residual, restrictive, retirement, satisfy, scheduling, setting, Specialty, storage, sublease, substantial, successive, sufficient, sum, termination, trial, unable, unrelated, vacating, variable, weighted

Patents

GRANT
Utility
Above ground containment systems and methods for assembling same
29 Jun 21
A water containment apparatus includes a straight strut arrangement comprising a plurality of straight strut assemblies forming an alternating v-shape and inverted v-shape pattern; and a curved strut arrangement comprising a plurality of corner strut assemblies forming a desired curvature and connecting two straight strut arrangements to form a closed loop water containment system.
GRANT
Utility
Stabilization and reduction of TCT of divalent iodide-containing brines
1 Jun 21
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.
GRANT
Utility
Rapid deployment frac water transfer system
25 May 21
A method of and apparatus for the rapid deployment of a fracturing water transferring system, along with the rapid picking up and storage of such system after use.
APP
Utility
Temperature Stability of Polyols and Sugar Alcohols In Brines
22 Apr 21
A stabilized composition for use as a well fluid is provided.
APP
Utility
Stabilization and Reduction of TCT of Brines Containing Monovalent Iodides
11 Feb 21
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.