Tetra Technologies Inc (N:TTI)

Business Focus: Oil Related Services and Equipment

Sector:  Energy Industry:  Oil Related Services and Equipment
 
See Regulatory Filings on SEC
Company Contact
Address: 24955 Interstate 45 North
THE WOODLANDS TX 77380
Tel: 1-281-3671983
Website: https://tetratec.com
IR: See website
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Key People
John F. Glick
Chairman of the Board
Brady M. Murphy
President, Chief Executive Officer, Director
Elijio V. Serrano
Chief Financial Officer, Senior Vice President
Matthew J. Sanderson
Executive Vice President, Chief Commercial Officer
Roy Evan McNiven
Senior Vice President - Energy Services Operations
Timothy C. Moeller
Senior Vice President - Global Supply Chain and Chemicals
Alicia P. Boston
Chief Compliance Officer, General Counsel
Richard D O'Brien
Vice President - Finance, Global Controller, Assistant Treasurer
Jacek M. Mucha
Vice President - Finance, Treasurer
Business Overview
TETRA Technologies, Inc. is an energy services and solutions company. The Company is focused on bromine-based completion fluids, calcium chloride, water management solutions, frac flowback, and production well testing services. The Company's segments include Completion Fluids & Products Division and Water & Flowback Services Division. The Completion Fluids & Products Division manufactures and markets clear brine fluids (CBFs), 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 and in certain countries in Latin America, Europe, Asia, the Middle East, and Africa. The Water & Flowback Services Division provides a range of water management services that support hydraulic fracturing in unconventional well completions for domestic onshore oil and gas operators. These services include fresh and produced water analysis, treatment and recycling, blending and distribution and others.
Financial Overview
For the fiscal year ended 31 December 2023, Tetra Technologies Inc revenues increased 13% to $626.3M. Net income before extraordinary items increased from $7.6M to $25.5M. Revenues reflect Completion Fluids & Products Division segment increase of 15% to $313M, Work & Flowback services Division segment increase of 12% to $313.2M, Europe segment increase of 31% to $116.8M, South America segment increase of 89% to $57.7M.
Employees: 1,500 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $688.58M as of Dec 31, 2023
Annual revenue (TTM): $626.26M as of Dec 31, 2023
EBITDA (TTM): $77.56M as of Dec 31, 2023
Net annual income (TTM): $25.51M as of Dec 31, 2023
Free cash flow (TTM): $32.05M as of Dec 31, 2023
Net Debt Last Fiscal Year: $105.02M as of Dec 31, 2023
Shares outstanding: 131,136,162 as of Mar 25, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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