TETRA Technologies, Inc.
- Open
- 8.35
- Day high
- 8.37
- Day low
- 7.96
- Prev close
- 8.42
- Volume
- 1.8M
- Mkt cap
- $1.2B
- P/E (TTM)
- 150.6
- EPS (TTM)
- $0.05
- P/B
- 2.9
- P/S
- 1.8
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$320K over the last 3 months (1 open-market buy, 2 sales)
- 🏛Institutions mixed (13F)
TETRA Technologies, Inc. (TTI) is a Energy company listed on NYSE. The stock is up 99% over the past year. Over the trailing 3 months, insiders filed 1 open-market buy and 2 sales (SEC Form 4).
TETRA Technologies, Inc. (TTI) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 3 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
TTI earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 4, 2026 | $0.08 | $0.08 | +0.0% | $186M | +5.4% |
| Apr 30, 2026 | $0.03 | $0.06 | +100.0% | $156M | +3.3% |
| Feb 26, 2026 | $0.03 | $-0.11 | -480.9% | $147M | +4.0% |
| Jul 29, 2025 | $0.09 | $0.09 | +0.0% | $174M | +0.8% |
| Jul 31, 2024 | $0.10 | $0.07 | -30.0% | $172M | -5.3% |
| Apr 30, 2024 | $0.03 | $0.05 | +62.3% | $151M | -1.7% |
| Feb 27, 2024 | $0.06 | $0.03 | -48.9% | $153M | +0.0% |
| May 1, 2023 | $0.05 | $0.03 | -34.4% | $146M | -12.8% |
| Feb 27, 2023 | $0.03 | $0.02 | -37.5% | $147M | +8.8% |
| Oct 31, 2022 | $0.04 | $0.02 | -53.5% | $135M | -0.1% |
| Aug 1, 2022 | $0.05 | $0.05 | +0.0% | $141M | +4.8% |
| May 2, 2022 | $0.01 | $0.06 | +1100.0% | $130M | +12.3% |
TTI insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 2, 2026 | Murphy Brady Mofficer: President & CEO | Sell | 50,000 | $10.72 |
| Jul 2, 2026 | Murphy Brady Mofficer: President & CEO | Sell | 61 | $10.01 |
| Jun 15, 2026 | Garcia Christian Adirector | Option | 37,723 | — |
| Jun 15, 2026 | John Angela Ddirector | Option | 37,723 | — |
| Jun 15, 2026 | BATES THOMAS R JRdirector | Option | 37,723 | — |
| Jun 15, 2026 | McGee Sharon D. Boothdirector | Option | 37,723 | — |
| Jun 15, 2026 | GLICK JOHN Fdirector | Option | 51,441 | — |
| Jun 9, 2026 | Hallead Kurtofficer: VP-Treasurer & IR | Buy | 22,000 | $9.86 |
| Jun 8, 2026 | Armour Joseph Bryanofficer: Sr Vice President | Grant | 24,203 | — |
| May 26, 2026 | BATES THOMAS R JRdirector | Grant | 13,987 | — |
| May 26, 2026 | GLICK JOHN Fdirector | Grant | 17,983 | — |
| May 26, 2026 | Garcia Christian Adirector | Grant | 13,987 | — |
| May 26, 2026 | John Angela Ddirector | Grant | 13,987 | — |
| May 26, 2026 | SLOAT JULIA Adirector | Grant | 13,987 | — |
| May 26, 2026 | Williams Shawn D.director | Grant | 13,987 | — |
Source: TTI SEC Form 4 filings, latest Jul 2, 2026. For informational purposes only — not investment advice.
See the full TTI insider & 13F page →TETRA Technologies, Inc. company profile
Overview
TETRA Technologies, Inc. (NYSE:TTI) is a diversified oil and gas services company founded in 1981 and headquartered in The Woodlands, Texas. The company went public in 1990 and has evolved from a traditional oilfield services provider into a multi-faceted operation spanning completion fluids, water management, and emerging industrial chemicals markets. TETRA operates globally, serving oil and gas operators across North America, Latin America, Europe, the Middle East, and Africa through its two primary business segments.
Business
TETRA Technologies operates in the oil and gas equipment and services industry, providing specialized solutions that support drilling, completion, and production operations. The company's business is organized into two main segments: Completion Fluids & Products Division represents the larger segment, generating approximately 60% of total revenue. This division manufactures and markets clear brine fluids, which are specialized salt-water solutions used during oil and gas well drilling, completion, and workover operations. These fluids serve critical functions including maintaining wellbore pressure, preventing formation damage, and facilitating safe drilling operations. The division also produces calcium chloride products in both liquid and dry forms, which have applications beyond oil and gas including road deicing, dust control, and industrial processes. Within this segment, the Industrial Chemicals business has emerged as a significant growth driver, representing approximately 22% of total company revenue and serving markets such as energy storage electrolytes and lithium extraction. Water & Flowback Services comprises the remaining 40% of revenue and provides comprehensive water management solutions for onshore oil and gas operators. This segment handles frac flowback services, which involve managing the water and chemicals that return to the surface after hydraulic fracturing operations. The division also offers produced water treatment and recycling, converting contaminated water from oil and gas operations into reusable water for future drilling activities. Additional services include production well testing and various water logistics operations across multiple basins in the United States, Mexico, and international markets.
Revenue model
TETRA generates revenue through multiple business models across its segments. The Completion Fluids & Products division operates primarily on a product sales model, selling manufactured clear brine fluids, calcium chloride, and specialty chemicals to oil and gas operators and industrial customers. Pricing is typically based on volume contracts with customers paying per barrel of fluid or per ton of chemical products delivered. The Water & Flowback Services segment operates on a service fee model, charging customers for water management services including flowback handling, produced water treatment, recycling, and transportation. Revenue is generated through day rates for equipment and personnel, volume-based pricing for water processing, and project-based contracts for comprehensive water management solutions. Several factors influence TETRA's margins and profitability. Positive margin drivers include higher oil and gas drilling activity, which increases demand for completion fluids and water services; international deepwater projects that command premium pricing; automation initiatives that reduce labor costs; and the growing industrial chemicals business with higher margins than traditional oilfield services. Negative margin pressures come from commodity price volatility affecting customer spending; intense competition in mature oilfield services markets; regulatory changes impacting water disposal methods; and seasonal fluctuations in drilling activity, particularly in international markets. The company's diversification into industrial chemicals and water recycling provides some insulation from traditional oil and gas cyclicality while offering opportunities for margin expansion through value-added services.
Competitive moat
TETRA's competitive moat is moderate and primarily built on specialized technical expertise and established customer relationships rather than insurmountable barriers to entry. In the completion fluids business, the company benefits from decades of experience formulating complex brine solutions for challenging drilling environments, particularly in deepwater and high-pressure applications. The CS Neptune deepwater completion fluids represent a technical differentiation, as few competitors can provide the specialized chemistry required for ultra-deepwater projects. The company's emerging water desalination technology (TETRA OASIS TDS) could provide a stronger moat if successfully commercialized, as it addresses growing regulatory pressure around produced water disposal and environmental concerns. However, this technology is still in pilot phase and faces competition from other water treatment solutions. TETRA's moat is challenged by the commoditized nature of many oilfield services, where price competition is intense and switching costs for customers are relatively low. The company faces potential disruption from larger integrated service providers with greater scale economies, alternative completion fluid technologies, and evolving environmental regulations that could favor different water management approaches. The industrial chemicals diversification provides some protection, but these markets also face competition from established chemical companies with greater resources and distribution networks.
Risks & safety
TETRA presents a moderate margin of safety profile with manageable financial risk but limited valuation cushion. • Liquidity and Debt: Strong liquidity position with approximately $219 million available, current ratio of 2.19, and manageable net leverage ratio of 1.5x. Debt-to-equity ratio of 0.84x indicates reasonable leverage levels. • Cash Flow: Mixed cash generation with positive operating cash flow of $37 million in 2024 but negative free cash flow of -$24 million due to capital investments. Q1 2025 showed concerning negative free cash flow of -$14 million. • Valuation Metrics: Trading at EV/EBITDA of 8.7x and P/E of 27.5x based on recent quarters, suggesting limited valuation margin of safety. Price-to-book ratio of 1.63x indicates modest premium to book value. • Other Considerations: Company benefits from $345 million in net operating loss carryforwards providing tax shield. Cyclical nature of oil and gas industry creates earnings volatility risk.
Recent development
Over the past few years, TETRA has undergone significant strategic transformation, evolving from a traditional oilfield services company into a more diversified industrial operation. The company has made substantial investments in emerging growth platforms including produced water desalination technology, bromine and lithium resource development in Arkansas, and electrolyte supply for energy storage applications. The Arkansas Evergreen Brine Unit project represents a major strategic pivot, with TETRA securing mineral rights and completing engineering studies for bromine and lithium extraction. The company has adopted a staged approach to reduce initial capital requirements while maintaining optionality for full-scale development. Simultaneously, TETRA has developed the TETRA OASIS Total Desalination Solution (TDS) for produced water treatment, securing seven non-disclosure agreements with major operators and planning multiple pilot projects throughout 2025. The company has also expanded its electrolyte supply business, partnering with Eos Energy Enterprises to provide zinc bromide electrolytes for utility-scale energy storage systems. This represents diversification into the growing renewable energy storage market. In the traditional oilfield services arena, TETRA has strengthened its position in high-value deepwater markets, securing multi-year contracts in Brazil and expanding its CS Neptune completion fluids technology internationally. The company has also invested heavily in automation across its water services operations to improve margins and operational efficiency.
TTI company profile · for informational purposes only — not investment advice.
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