TTI TETRA Technologies, Inc.
TETRA Technologies, Inc. is a geographically diversified oil and gas services company, engages in the completion of fluids and associated products and services. It operates through the following segments: Completion Fluids and Products; Compression; and Water and Flowback Services. The Completion Fluids and Products division manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry. The Compression division offers compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage. The Water and Flowback Services division provides onshore oil and gas operators with comprehensive water management services. The company was founded in 1981 and is headquartered in The Woodlands, TX.
Company profile
Ticker
TTI
Exchange
CEO
Brady M. Murphy
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
Corporate docs
IRS number
742148293
TTI stock data
()
Calendar
9 Aug 19
22 Sep 19
31 Dec 19
News
Company financial data Financial data
| Quarter (USD) | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|
| Revenue | 288.8M | 243.73M | 282.47M | 256.85M | |
| Net income | -6.91M | -10.84M | 4.93M | -6.94M | |
| Diluted EPS | -0.06 | -0.09 | 0.04 | -0.06 | |
| Net profit margin | -2.39% | -4.45% | 1.75% | -2.70% | |
| Net change in cash | -10.89M | -3.17M | -13.86M | -16.26M | |
| Cash on hand | 25.98M | 36.87M | 40.04M | 53.9M | |
| Cost of revenue | 240.43M | 207.52M | 237.29M | 215.52M |
| Annual (USD) | Dec 18 | Dec 17 | Dec 16 | Dec 15 | |
|---|---|---|---|---|---|
| Revenue | 998.78M | 820.38M | 694.76M | 1.13B | |
| Net income | -61.62M | -39.05M | -161.46M | -126.18M | |
| Diluted EPS | -0.5 | -0.34 | -1.85 | -1.59 | |
| Net profit margin | -6.17% | -4.76% | -23.24% | -11.17% | |
| Net change in cash | 13.91M | -3.71M | 6.78M | -25.33M | |
| Cash on hand | 40.04M | 26.13M | 29.84M | 23.06M | |
| Cost of revenue | 836.48M | 614.71M | 556.55M | 940.91M |
Financial data from TETRA earnings reports
Financial report summary
?Management Discussion
- Three months ended June 30, 2019 compared with three months ended June 30, 2018.
- Consolidated revenues during the current year quarter increased compared to the prior year quarter primarily due to a $36.0 million increase in Compression Division revenues. The increase in Compression Division revenues was primarily driven by increased new compressor equipment sales activity. See Divisional Comparisons section below for additional discussion.
- Consolidated gross profit during the current year quarter increased slightly compared to the prior year quarter primarily due to increased gross profit from our Completion Fluids & Products and Compression Divisions. This increase was largely offset, however, by the lower gross profit of our Water & Flowback Services Division resulting primarily from increased customer pricing pressures. Despite the improvement in the activity levels of certain of our businesses, domestic onshore and offshore activity levels remain flat and the impact of pricing pressures also continues to impact profitability in certain markets. Operating expenses reflect the increase in consolidated revenues, although we remain aggressive in managing operating costs.
Content analysis
?
| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. sophomore Avg
|
|
New words:
appeal, Chapter, cloud, code, decision, dismissing, District, documentation, Eastern, escrow, hemisphere, involuntary, judgment, lieu, Louisiana, met, Mountain, outlook, passage, petition, pressure, reconsideration, recoverability, recoverable, refurbishing, Rocky, Subtopic, tranche
Removed:
analyzing, annualized, assessment, capitalize, evaluating, executing, fabricated, finalized, historically, integration, liquidation, making, permitting, producing, property, rank, satisfied, seeking, unbilled
Financial reports
10-Q
2019 Q2
Quarterly report
9 Aug 19
10-Q
2019 Q1
Quarterly report
10 May 19
10-K
2018 FY
Annual report
4 Mar 19
10-Q
2018 Q3
Quarterly report
8 Nov 18
10-Q
2018 Q2
Quarterly report
9 Aug 18
10-Q
2018 Q4
Quarterly report
10 May 18
10-K
2017 FY
Annual report
5 Mar 18
10-Q
2017 Q3
Quarterly report
9 Nov 17
10-Q
2017 Q2
Quarterly report
9 Aug 17
10-Q
2017 Q1
Quarterly report
10 May 17
Current reports
8-K
TETRA Technologies, Inc. Announces Strong
8 Aug 19
8-K
Departure of Directors or Certain Officers
25 Jul 19
8-K
Departure of Directors or Certain Officers
20 May 19
8-K
TETRA Technologies, Inc. Announces First Quarter 2019 Results
9 May 19
8-K
Departure of Directors or Certain Officers
8 May 19
8-K
Departure of Directors or Certain Officers
27 Mar 19
8-K
Fourth Quarter and Full Year 2018 Results
28 Feb 19
8-K
Departure of Directors or Certain Officers
25 Feb 19
8-K
TETRA Technologies, Inc. Announces Appointment of Brady M. Murphy as a Director
26 Dec 18
8-K
Tetra Technologies, Inc. Announces Third Quarter
8 Nov 18
Registration and prospectus
424B2
Prospectus for primary offering
1 May 19
S-3
Shelf registration
12 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
12 Feb 18
S-8
Registration of securities for employees
22 Dec 16
424B5
Prospectus supplement for primary offering
12 Dec 16
424B3
Prospectus supplement
9 Dec 16
FWP
Free writing prospectus
8 Dec 16
FWP
Free writing prospectus
8 Dec 16
Proxies
DEFA14A
Additional proxy soliciting materials
21 Mar 19
DEF 14A
Definitive proxy
21 Mar 19
DEFA14A
Additional proxy soliciting materials
27 Apr 18
DEF 14A
Definitive proxy
22 Mar 18
DEFA14A
Additional proxy soliciting materials
22 Mar 18
DEF 14A
Definitive proxy
23 Mar 17
DEFA14A
Additional proxy soliciting materials
23 Mar 17
PRE 14A
Preliminary proxy
6 Mar 17
DEF 14A
Definitive proxy
18 Mar 16
DEFA14A
Additional proxy soliciting materials
18 Mar 16
Other
SD
Conflict minerals disclosure
23 May 19
EFFECT
Notice of effectiveness
2 May 19
CORRESP
Correspondence with SEC
29 Apr 19
UPLOAD
Letter from SEC
18 Apr 19
SD
Conflict minerals disclosure
29 May 18
SD
Conflict minerals disclosure
31 May 17
SD
Conflict minerals disclosure
31 May 16
EFFECT
Notice of effectiveness
13 Apr 16
CORRESP
Correspondence with SEC
12 Apr 16
CORRESP
Correspondence with SEC
4 Apr 16