Tetra Technologies (TTI) AI Stock Analysis

• Market Cap: $936.23M
• Dividend Yield: N/A
• Average Volume (3M): 2.39M
• Price to Earnings (P/E): 7.6
• Beta (1Y): 1.00
• Revenue Growth: 0.17%
• EPS Growth: 7307.20%
• Country: US
• Employees: 1,400
• Sector: Industrials
• Sector Strength: 72
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 0.04
• Shares Outstanding: 133,746,720
• 10 Day Avg. Volume: 4,141,466
• 30 Day Avg. Volume: 2,391,172
• PEG Ratio: 0.01
• Price to Book (P/B): 1.85
• Price to Sales (P/S): 0.78
• P/FCF Ratio: -19.45
• Enterprise Value/Market Cap: 0.64
• Enterprise Value/Revenue: 0.96
• Enterprise Value/Gross Profit: 3.75
• Enterprise Value/Ebitda: 6.21
• 1Y Price Target: $8.67
• Price Target Upside: 14.68% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 81 Outperform
• Price Target: $8.50 ▲(12.43% Upside)

Tetra Technologies receives a strong overall score due to its robust financial performance, positive technical indicators, and optimistic earnings call outlook. The company's strategic initiatives and international expansion further bolster its growth prospects. However, cash flow management and historical debt volatility are areas to watch.

Positive Factors

International Expansion

Expanding into Argentina and securing work in Saudi Arabia enhances Tetra's global footprint, diversifying revenue streams and reducing reliance on domestic markets.

Completion Fluids & Products Growth

Significant growth in the Completion Fluids & Products segment indicates strong demand and operational efficiency, contributing to overall profitability.

Strategic Initiatives

The One TETRA 2030 strategy aims to double revenue by 2030, reflecting a clear long-term growth vision and strategic planning to enhance market position.

Negative Factors

Cash Flow Management

Negative free cash flow growth suggests challenges in cash generation, which could limit reinvestment and operational flexibility over time.

Water & Flowback Services Decline

The decline in Water & Flowback Services revenue highlights potential weaknesses in this segment, affecting overall revenue stability.

U.S. Onshore Challenges

Challenges in the U.S. onshore market, with declining frac crew counts, could impact domestic operations and revenue, necessitating strategic adjustments.

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 multiple key streams. The Water & Environmental Services segment earns income by offering water management solutions, which include sourcing, transporting, and treating water for hydraulic fracturing operations. The Production Testing Services segment provides flowback and production testing services that are crucial for assessing the performance of oil and gas wells, generating revenue from both one-time contracts and ongoing service agreements. Additionally, the Specialty Chemicals segment produces and sells chemicals that facilitate enhanced oil recovery and operational efficiencies, contributing to TTI's earnings. Significant partnerships with major oil and gas operators also bolster revenue, as TTI provides essential services that are integral to their operations. Overall, Tetra's revenue model is built on a combination of direct service contracts, product sales, and strategic collaborations with industry players.

Tetra Technologies Financial Statement Overview

Summary

Tetra Technologies shows strong revenue growth and profitability with a healthy balance sheet. However, cash flow management needs improvement, particularly in free cash flow generation.

Income Statement

Tetra Technologies has demonstrated strong revenue growth with a 32% increase in the TTM period. The company maintains a healthy gross profit margin of 25.8% and a robust net profit margin of 18.9%. The EBIT and EBITDA margins are also solid, indicating efficient operations. However, the slight decline in EBIT margin compared to the previous year suggests room for operational improvements.

Balance Sheet

The balance sheet shows a favorable debt-to-equity ratio of 0.13, indicating low leverage and financial stability. Return on equity is impressive at 47%, reflecting strong profitability. The equity ratio of 45% suggests a solid capital structure. However, the decrease in total assets and equity from previous periods could be a concern if it continues.

Cash Flow

Operating cash flow has improved significantly, but free cash flow growth is negative, indicating potential cash management issues. The operating cash flow to net income ratio is healthy at 0.62, but the free cash flow to net income ratio is relatively low at 0.14, suggesting limited cash available for reinvestment or debt reduction.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	618.75M	599.11M	626.26M	553.21M	388.27M	377.71M
Gross Profit	158.66M	139.96M	141.64M	113.53M	59.82M	67.97M
EBITDA	95.80M	86.93M	88.38M	59.82M	35.16M	32.05M
Net Income	122.23M	108.28M	25.78M	7.84M	-16.80M	-51.14M
Balance Sheet
Total Assets	655.17M	718.58M	499.52M	457.59M	398.27M	1.13B
Cash, Cash Equivalents and Short-Term Investments	67.20M	37.21M	52.48M	13.59M	31.55M	67.32M
Total Debt	214.60M	221.39M	196.80M	194.15M	191.47M	246.26M
Total Liabilities	359.75M	465.28M	352.19M	351.19M	299.70M	1.06B
Stockholders Equity	296.69M	254.57M	148.59M	107.63M	99.70M	-9.64M
Cash Flow
Free Cash Flow	6.20M	-24.16M	32.05M	-21.10M	-15.88M	47.53M
Operating Cash Flow	74.27M	36.52M	70.21M	18.96M	4.66M	76.91M
Investing Cash Flow	-48.64M	-59.06M	-27.03M	-36.50M	-5.17M	6.04M
Financing Cash Flow	-7.68M	8.87M	-4.66M	40.00K	-50.05M	-17.63M

Tetra Technologies Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 7.56
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 7.56 is above the 20-day moving average (MA) of 7.32, above the 50-day MA of 6.09, and above the 200-day MA of 4.12, indicating a bullish trend. The MACD of 0.37 indicates Positive momentum. The RSI at 61.94 is Neutral, neither overbought nor oversold. The STOCH value of 53.23 is Neutral, 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
TTI	81 Outperform	$936.23M	7.62	53.71%	―	0.17%	7307.20%
HLX	71 Outperform	$976.62M	23.37	2.71%	―	-1.95%	530.91%
CLB	67 Neutral	$731.05M	22.73	12.31%	0.26%	-1.02%	6.34%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
RES	63 Neutral	$1.19B	24.58	4.31%	3.08%	4.20%	-59.96%
PUMP	57 Neutral	$1.13B	―	-2.05%	―	-11.65%	87.57%
ACDC	53 Neutral	$926.06M	-2.94	-25.45%	―	-4.14%	-39.14%

Tetra Technologies Corporate Events

TETRA Technologies Reports Strong Q3 2025 Results

TETRA Technologies, Inc. is a global energy services and solutions company that operates in the energy, industrial chemicals, and critical minerals sectors, focusing on environmentally conscious services and solutions. The company recently reported strong third-quarter 2025 financial results, with an 8% increase in revenue year-over-year, reaching $153 million. Despite challenges in the U.S. onshore oil and gas markets, TETRA achieved a ten-year high adjusted EBITDA of $93 million for the first nine months of 2025. The company’s Completion Fluids & Products segment saw a 39% revenue increase compared to the previous year, driven by high demand for deepwater completion fluids and industrial chemicals. Meanwhile, the Water & Flowback Services segment experienced a slight revenue decline but improved EBITDA margins due to cost control measures. Looking ahead, TETRA remains focused on operational execution and fiscal discipline, with plans to expand its bromine processing facility and increase its presence in the battery electrolyte market. The company aims to double its revenue and triple its adjusted EBITDA by 2030, positioning itself as a key player in the specialty chemicals, water treatment, and energy services markets.

Tetra Technologies’ Earnings Call Highlights Growth and Expansion

Tetra Technologies’ recent earnings call showcased a positive outlook, underscored by robust revenue and EBITDA growth. This optimism stems from the company’s successful ventures in deepwater completion fluids and international expansion, despite facing challenges in the U.S. onshore market and some uncertainties anticipated in the fourth quarter.

Tetra Technologies Announces CFO Retirement and Successor

On October 27, 2025, TETRA Technologies announced the planned retirement of Elijio V. Serrano as Senior Vice President and Chief Financial Officer, effective March 31, 2026. Matthew J. Sanderson will succeed him, continuing some of his current responsibilities as Executive Vice President and Chief Commercial Officer. This transition is part of TETRA’s succession planning process, and Mr. Serrano will remain as an advisor to CEO Brady Murphy. The announcement reflects TETRA’s strategic focus on its ONE TETRA 2030 objectives, with Mr. Serrano having played a significant role in guiding the company through challenging times, including the COVID-19 pandemic, and contributing to its growth and value creation strategy.

The most recent analyst rating on (TTI) stock is a Buy with a $9.50 price target. To see the full list of analyst forecasts on Tetra Technologies stock, see the TTI Stock Forecast page.

Tetra Technologies Appoints New Chief Accounting Officer

On September 29, 2025, TETRA Technologies, Inc. appointed Katherine Kokenes as Vice President – Chief Accounting Officer, succeeding Elijio Serrano in the role. Kokenes brings extensive experience from her previous roles at Independence Contract Drilling, Inc. and Nabors Industries, Ltd., and holds a Bachelor of Business Administration in Accounting from the University of Texas at Arlington. Her compensation package includes a base salary of $330,000, a target cash incentive bonus, and long-term incentive awards. The company has also granted her an employment inducement award of 29,645 restricted stock units. This strategic appointment underscores TETRA Technologies’ commitment to strengthening its financial leadership team and aligns with its broader executive compensation strategy. The company has ensured indemnification for Kokenes in her role, consistent with its policies for other executives.

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.

TETRA Technologies Reports Strong Q2 2025 Results

TETRA Technologies, Inc. is an energy services and solutions company that operates globally, providing products and services to the oil and gas industry, industrial chemicals, and critical minerals. The company is expanding into the low-carbon energy market, leveraging its chemistry expertise and global infrastructure.

TETRA Technologies Shines in Earnings Call

TETRA Technologies’ recent earnings call showcased a robust financial performance, marked by record-setting adjusted EBITDA and substantial cash flow generation. The company is advancing well in its strategic growth initiatives, particularly in deepwater and industrial chemicals, while maintaining a strong financial position. However, the U.S. land drilling sector presents challenges with declining activity and some margin impacts due to non-recurring costs.