Tetra Technologies (TTI) AI Stock Analysis

• Market Cap: $500.35M
• Dividend Yield: N/A
• Average Volume (3M): 1.64M
• Price to Earnings (P/E): 4.4
• Beta (1Y): 0.91
• Revenue Growth: -4.08%
• EPS Growth: 429.70%
• Country: US
• Employees: 1,400
• Sector: Energy
• Sector Strength: 48
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 0.11
• Shares Outstanding: 133,072,970
• 10 Day Avg. Volume: 1,171,143
• 30 Day Avg. Volume: 1,635,541
• PEG Ratio: 1.09
• Price to Book (P/B): 1.62
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -52.14
• Enterprise Value/Market Cap: 1.31
• Enterprise Value/Revenue: 0.27
• Enterprise Value/Gross Profit: 4.33
• Enterprise Value/Ebitda: 1.98
• 1Y Price Target: $5.50
• Price Target Upside: 47.85% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 63 Neutral
• Price Target: $3.50 ▼(-5.91%Downside)

The overall stock score reflects a balanced view of Tetra Technologies' current standing. Key strengths include undervaluation and improved profitability. However, challenges with revenue consistency, balance sheet leverage, and liquidity constraints temper the outlook. Technical indicators show stability, while the earnings call suggests cautious optimism.

Positive Factors

Market Demand

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

Product Launch

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

Revenue Forecast

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

Negative Factors

Service Division Performance

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

Tetra Technologies Business Overview & Revenue Model

Company Description

Tetra Technologies, Inc. (TTI) is a diversified oil and gas services company based in The Woodlands, Texas. The company focuses on providing comprehensive solutions to the energy industry, primarily through its water and flowback services, compression services, and chemical services. Tetra Technologies operates in various sectors, including oil and gas exploration, production, and transportation, offering its clients innovative and efficient solutions tailored to their specific needs.

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 shows improvement in profitability metrics, with a notable turnaround in net income and operational efficiency. However, challenges remain with consistent revenue growth and balance sheet leverage. The cash flow statement suggests potential liquidity constraints due to high capital expenditures, despite a positive trend in operational cash flow.

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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	599.11M	626.26M	553.21M	388.27M	377.71M
Gross Profit	139.85M	153.65M	121.11M	59.24M	67.54M
EBITDA	86.93M	88.38M	59.82M	35.16M	32.05M
Net Income	108.28M	25.78M	7.84M	-16.80M	-26.84M
Balance Sheet
Total Assets	605.20M	478.96M	434.37M	398.27M	1.13B
Cash, Cash Equivalents and Short-Term Investments	36.99M	52.48M	13.59M	31.55M	67.25M
Total Debt	213.60M	196.80M	192.36M	191.47M	237.46M
Total Liabilities	351.89M	331.63M	327.97M	299.70M	1.06B
Stockholders Equity	254.57M	148.59M	107.63M	99.70M	71.06M
Cash Flow
Free Cash Flow	-24.16M	32.05M	-21.10M	-15.88M	47.53M
Operating Cash Flow	36.52M	70.21M	18.96M	4.66M	76.91M
Investing Cash Flow	-59.06M	-27.03M	-36.50M	-5.17M	6.04M
Financing Cash Flow	8.87M	-4.66M	40.00K	-50.05M	-17.63M

Tetra Technologies Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.72
• 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 3.72 is above the 20-day moving average (MA) of 3.47, above the 50-day MA of 3.26, and above the 200-day MA of 3.48, indicating a bullish trend. The MACD of 0.09 indicates Negative momentum. The RSI at 60.96 is Neutral, neither overbought nor oversold. The STOCH value of 92.81 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	78 Outperform	$304.23M	17.99	6.77%	―	22.64%	78.46%
RNGR	71 Outperform	$277.63M	14.09	7.41%	1.78%	-7.56%	30.51%
FTK	70 Outperform	$375.27M	27.53	12.80%	―	11.97%	188.31%
Sector *	67 Neutral	$15.27B	9.94	6.24%	5.21%	4.47%	-70.67%
TTI	63 Neutral	$500.35M	4.43	55.55%	―	-4.08%	429.70%
OIS	59 Neutral	$355.75M	66.32	0.75%	―	-9.04%	―
FET	58 Neutral	$247.27M	―	-32.34%	―	7.31%	-326.94%

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.