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Tetra (TTI)

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
CEO
Brady Murphy
Employees
Incorporated
Location
Fiscal year end
SEC CIK
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

Analyst ratings and price targets

Last 3 months

Calendar

2 Aug 22
19 Aug 22
31 Dec 22
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

Beta Read what these cash burn values mean

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
64.8% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 150 130 +15.4%
Opened positions 34 22 +54.5%
Closed positions 14 18 -22.2%
Increased positions 45 40 +12.5%
Reduced positions 52 46 +13.0%
13F shares Current Prev Q Change
Total value 315.3M 311.66M +1.2%
Total shares 83.17M 80.55M +3.3%
Total puts 135.6K 185.2K -26.8%
Total calls 415.4K 416.1K -0.2%
Total put/call ratio 0.3 0.4 -26.7%
Largest owners Shares Value Change
BLK Blackrock 9.46M $38.39M -1.0%
Yetiv Jack 8.12M $23.06M 0.0%
Fuller & Thaler Asset Management 7.09M $28.79M -7.3%
Vanguard 6.62M $26.87M +11.6%
Hirschman Orin 3.56M $2M 0.0%
Millennium Management 3.11M $12.65M +283.2%
STT State Street 2.93M $11.89M -9.1%
Victory Capital Management 2.25M $9.12M -2.8%
Gendell Jeffrey L 2.22M $9M +132.3%
Geode Capital Management 2.15M $8.73M -0.7%
Largest transactions Shares Bought/sold Change
Millennium Management 3.11M +2.3M +283.2%
LGEN Legal & General 0 -1.82M EXIT
Gendell Jeffrey L 2.22M +1.26M +132.3%
RK Capital Management 604.9K -900.1K -59.8%
Citadel Advisors 893.37K +875.12K +4795.2%
EAM Investors 801.85K +801.85K NEW
Vanguard 6.62M +685.7K +11.6%
Emerald Mutual Fund Advisers Trust 1.54M +563.97K +57.7%
Fuller & Thaler Asset Management 7.09M -556.12K -7.3%
Emerald Advisers 1.97M +545.08K +38.4%

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 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

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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

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.