Tetra Technologies (TTI) AI Stock Analysis

• Market Cap: $463.09M
• Dividend Yield: N/A
• Average Volume (3M): 1.44M
• Price to Earnings (P/E): 4.1
• Beta (1Y): 1.05
• Revenue Growth: -4.08%
• EPS Growth: 429.70%
• Country: US
• Employees: 1,400
• Sector: Energy
• Sector Strength: 72
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 0.11
• Shares Outstanding: 133,072,970
• 10 Day Avg. Volume: 1,975,536
• 30 Day Avg. Volume: 1,443,152
• PEG Ratio: -0.39
• Price to Book (P/B): 4.12
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -21.00
• Enterprise Value/Market Cap: 1.34
• Enterprise Value/Revenue: 0.25
• Enterprise Value/Gross Profit: 4.10
• Enterprise Value/Ebitda: 1.88
• 1Y Price Target: $5.75
• Price Target Upside: 65.23% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 72 Outperform
• Price Target: $4.00 ▲(14.94%Upside)

Tetra Technologies scores well due to robust technical analysis and a strong valuation. Improvements in financial performance and positive earnings call sentiment contribute positively, despite liquidity concerns and overbought technical indicators.

Positive Factors

Demand

Constructive outlook driven by robust backlog of deep-water projects and strong demand for its PureFlow battery.

Innovation

Launched TETRA Oasis TDS, an end-to-end water treatment and desalination technology for beneficial re-use and mineral extraction applications.

Revenue Growth

TTI expects revenues to increase 8-12% vs 2024 and FCF to exceed $50mn.

Negative Factors

Service Softness

Strong activity in Completion Fluids will offset softness in Water & Flowback Services.

Tetra Technologies Business Overview & Revenue Model

Company Description

TETRA Technologies, Inc., together with its subsidiaries, operates as a diversified oil and gas services company. It operates through Completion Fluids & Products Division and Water & Flowback Services segments. The Completion Fluids & Products segment manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States, as well as in Latin America, Europe, Asia, the Middle East, and Africa. This segment also markets liquid and dry calcium chloride products. The Water & Flowback Services segment provides water management services for onshore oil and gas operators. This segment also offers frac flowback, production well testing, and other associated services in oil and gas producing regions in the United States and Mexico, as well as in various basins in Latin America, Africa, Europe, and the Middle East. The company was incorporated in 1981 and is headquartered in The Woodlands, Texas.

How the Company Makes Money

Tetra Technologies generates revenue through a multi-faceted business model that encompasses various service lines within the energy sector. A significant portion of its income is derived from its water and flowback services, which include water management, treatment, and recycling solutions essential for hydraulic fracturing operations. Compression services also contribute to Tetra's earnings, where the company provides equipment and expertise for natural gas compression, enhancing production and transportation efficiency. Additionally, Tetra's chemical services division supplies specialty chemicals used in drilling and completion activities, further diversifying its revenue streams. Strategic partnerships and contracts with major oil and gas operators play a crucial role in sustaining and expanding its market presence, allowing the company to maintain a stable revenue flow amidst the industry’s cyclical nature.

Tetra Technologies Financial Statement Overview

Summary

Tetra Technologies has shown improvement in profitability and operational efficiency with a turnaround in net income, but faces challenges with consistent revenue growth and balance sheet leverage. Cash flow volatility and high capital expenditures raise liquidity concerns.

Income Statement

Tetra Technologies shows a mixed income statement performance. The company has improved its EBIT and net income over recent years, indicating a turnaround from previous losses. However, revenue has declined from previous highs, and recent gross profit margins have decreased. EBIT and EBITDA margins improved significantly in the latest year, reflecting operational efficiencies.

Balance Sheet

The balance sheet reveals a moderate financial position. The debt-to-equity ratio has decreased over the years, indicating reduced leverage, but it remains relatively high. The equity ratio is low, suggesting high liabilities relative to total assets. However, improved net income has positively impacted return on equity in the latest year.

Cash Flow

Cash flow analysis points to volatility. Operating cash flow has fluctuated, with a significant decrease in free cash flow due to higher capital expenditures. The operating cash flow to net income ratio indicates effective cash conversion, but the free cash flow to net income ratio highlights challenges in maintaining liquidity.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
605.28M	599.11M	626.26M	553.21M	388.27M	377.71M
	Gross Profit
151.66M	139.85M	153.65M	121.11M	59.24M	67.54M
	EBIT
59.85M	49.88M	44.94M	27.00M	616.00K	-128.04M
	EBITDA
89.89M	86.93M	88.38M	59.82M	35.16M	32.05M
	Net Income Common Stockholders
110.93M	108.28M	25.78M	7.84M	-16.80M	-26.84M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
0.00	36.99M	52.48M	13.59M	31.55M	67.25M
	Total Assets
0.00	605.20M	478.96M	434.37M	398.27M	1.13B
	Total Debt
214.71M	213.60M	196.80M	192.36M	191.47M	237.46M
	Net Debt
173.71M	176.61M	144.31M	178.77M	159.92M	170.21M
	Total Liabilities
342.34M	351.89M	331.63M	327.97M	299.70M	1.06B
	Stockholders Equity
273.00M	254.57M	148.59M	107.63M	99.70M	71.06M
Cash Flow		Free Cash Flow
-8.54M	-24.16M	32.05M	-21.10M	-15.88M	47.53M
	Operating Cash Flow
54.27M	36.52M	70.21M	18.96M	4.66M	76.91M
	Investing Cash Flow
-41.97M	-59.06M	-27.03M	-36.50M	-5.17M	6.04M
	Financing Cash Flow
-6.57M	8.87M	-4.66M	40.00K	-50.05M	-17.63M

Tetra Technologies Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.48
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TTI, the sentiment is Positive. The current price of 3.48 is above the 20-day moving average (MA) of 2.97, above the 50-day MA of 2.77, and above the 200-day MA of 3.42, indicating a bullish trend. The MACD of 0.16 indicates Negative momentum. The RSI at 64.72 is Neutral, neither overbought nor oversold. The STOCH value of 84.58 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TTI.

Tetra Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NGS	76 Outperform	$320.89M	18.92	6.77%	―	22.64%	78.46%
TTI	72 Outperform	$463.09M	4.15	55.55%	―	-4.08%	429.70%
FTK	72 Outperform	$476.74M	34.98	12.80%	―	11.97%	188.31%
RNGR	72 Outperform	$289.10M	14.67	7.41%	1.87%	-7.56%	30.51%
OIS	63 Neutral	$327.29M	61.01	0.75%	―	-9.04%	―
FET	58 Neutral	$240.71M	―	-32.34%	―	7.31%	-326.94%
Sector *	58 Neutral	$7.56B	3.50	-4.45%	10.15%	0.79%	-49.51%

Tetra Technologies Corporate Events

Tetra Technologies Holds Annual Meeting, Elects Board Members

On April 16, 2025, TETRA Technologies, Inc. announced the approval of its Third Amended and Restated 2018 Equity Incentive Plan, which includes an increase of 4,000,000 shares of common stock available for issuance and enhancements to governance provisions. The plan now totals 20,365,000 shares available for issuance. At the Annual Meeting held on June 12, 2025, stockholders voted on several key matters, including the election of eight board members, approval of executive compensation, ratification of Grant Thornton LLP as auditors, and the approval of the Amended Plan. John F. Glick was reappointed as Chair of the Board, and board committees were reconstituted.

The most recent analyst rating on (TTI) stock is a Buy with a $7.00 price target. To see the full list of analyst forecasts on Tetra Technologies stock, see the TTI Stock Forecast page.