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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

5 Mar 21
18 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 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) 83.89M 83.89M 83.89M 83.89M 83.89M 83.89M
Cash burn (monthly) (positive/no burn) (positive/no burn) (positive/no burn) 2.09M (positive/no burn) (positive/no burn)
Cash used (since last report) n/a n/a n/a 7.54M n/a n/a
Cash remaining n/a n/a n/a 76.36M n/a n/a
Runway (months of cash) n/a n/a n/a 36.5 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
2 Apr 21 Jacek M Mucha Common Stock Payment of exercise Dispose F No No 2.8 4,413 12.36K 44,358
2 Apr 21 Jacek M Mucha Common Stock Grant Aquire A No No 0 18,123 0 48,771
2 Apr 21 Timothy C Moeller Common Stock Payment of exercise Dispose F No No 2.8 5,601 15.68K 58,062
2 Apr 21 Timothy C Moeller Common Stock Grant Aquire A No No 0 23,002 0 63,663
2 Apr 21 Brady M Murphy Common Stock Payment of exercise Dispose F No No 2.8 38,400 107.52K 783,800
2 Apr 21 Brady M Murphy Common Stock Grant Aquire A No No 0 97,584 0 822,200
2 Apr 21 Elijio V Serrano Common Stock Payment of exercise Dispose F No No 2.8 24,686 69.12K 711,534
2 Apr 21 Elijio V Serrano Common Stock Grant Aquire A No No 0 62,733 0 736,220
2 Apr 21 Matthew Sanderson Common Stock Payment of exercise Dispose F No No 2.8 7,044 19.72K 253,114
2 Apr 21 Matthew Sanderson Common Stock Grant Aquire A No No 0 28,927 0 260,158

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

15.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 3 75 -96.0%
Opened positions 0 14 EXIT
Closed positions 72 21 +242.9%
Increased positions 0 15 EXIT
Reduced positions 3 30 -90.0%
13F shares
Current Prev Q Change
Total value 16.41M 30.08M -45.4%
Total shares 19.05M 55.77M -65.8%
Total puts 0 0
Total calls 0 16.8K EXIT
Total put/call ratio
Largest owners
Shares Value Change
Roumell Asset Management 10.29M $8.87M -10.3%
Fuller & Thaler Asset Management 6.96M $5.99M -2.4%
Dimensional Fund Advisors 1.81M $1.56M -42.3%
Largest transactions
Shares Bought/sold Change
Vanguard 0 -4.21M EXIT
Prescott Group Capital Management, L.L.C. 0 -2.76M EXIT
Arrowstreet Capital, Limited Partnership 0 -2.53M EXIT
Marathon Capital Management 0 -2.07M EXIT
BLK Blackrock 0 -2.02M EXIT
Millennium Management 0 -2.01M EXIT
Bridgeway Capital Management 0 -1.76M EXIT
ATAC Neuberger Berman 0 -1.68M EXIT
Dimensional Fund Advisors 1.81M -1.33M -42.3%
Huber Capital Management 0 -1.31M EXIT

Financial report summary

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Management Discussion
  • Consolidated revenues for 2020 decreased compared to the prior year primarily due to lower activity in our Water & Flowback Services Division, where revenue decreased by $146.9 million. The decreased for this division was driven by a significant reduction in capital spending by our customers in response to the decline in oil prices associated with the COVID-19 pandemic. See Divisional Comparisons section below for additional discussion.
  • Consolidated gross profit increased during 2020 compared to the prior year primarily due to a $91.8 million impairment charge at our El Dorado plant, which reduced gross profit for the Completion Fluids and Products Division in 2019. Despite lower activity levels, this division continued to deliver strong margins during 2020 and generated gross profit that was in line with the prior year gross profit before impairments. The increased gross profit for the Completion Fluids and Products Division in 2020 was partially offset by results for the Water & Flowback Services Division, where lower revenues impacted gross profit, despite aggressive management of costs.
  • Consolidated general and administrative expenses decreased during 2020 compared to the prior year primarily due to decreased salary related expenses of $19.1 million, decreased general expenses of $1.9 million and decreased professional services fees of $1.7 million. These decreases were partially offset by increased bad debt expenses of $3.3 million. Decreased general and administrative expenses were primarily driven by our
Content analysis
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Patents

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.
GRANT
Utility
Temperature stability of polyols and sugar alcohols in brines
9 Feb 21
A stabilized composition for use as a well fluid is provided.
GRANT
Utility
Stabilization and reduction of TCT of brines containing monovalent iodides
30 Nov 20
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.
GRANT
Utility
Multi chamber mixing manifold
19 Oct 20
One or more embodiments relate to systems and methods for mixing of two or more fluids using a multi-chamber manifold.
GRANT
Utility
Method of delivering frac fluid and additives
19 Oct 20
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.