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
Tel: N/A
Website: www.tetratec.com
IR: See website
Key People
William D. Sullivan
Independent Chairman of the Board
Timothy C. Moeller
Vice President, Chief Procurement Officer
Brady M. Murphy
President, Chief Executive Officer, Director
Elijio V. Serrano
Chief Financial Officer, Senior Vice President
Bass C. Wallace
Senior Vice President, General Counsel
Matthew J. Sanderson
Senior Vice President - Energy Services Group
Richard D, O'Brien
Vice President - Finance, Global Controller, Assistant Treasurer
Jacek M. Mucha
Vice President - Finance, Treasurer
Elisabeth K. Evans
Vice President - Human Resources
James H. Funke
Vice President
Business Overview
TETRA Technologies, Inc. is an oil and gas services company. The Company focuses on completion fluids and associated products and services, water management, production well testing, offshore rig cooling, and compression services and equipment. It is composed of three segments organized into three divisions: Fluids, Production Testing and Compression. The Fluids division manufactures and markets clear brine fluids, additives and associated products and services to the oil and gas industry. Its Production Testing division provides frac flowback services, production well testing services, offshore rig cooling and other associated services in various oil and gas producing regions. The Compression division provides compression services and equipment for natural gas and oil production, gathering, transportation, processing and storage.
Financial Overview
For the three months ended 31 March 2020, TETRA Technologies, Inc. revenues decreased 9% to $222.9M. Net loss before extraordinary items decreased 86% to $1.4M. Revenues reflect Work & Flowback services Division segment decrease of 27% to $57.5M, Compression Division segment decrease of 13% to $90.2M, United States segment decrease of 13% to $172.9M. Lower net loss reflects General and administrative expense decrease of 11% to $30.5M (expense).
Employees: 2,600 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $881.84M as of Mar 31, 2020
Annual revenue (TTM): $1,017M as of Mar 31, 2020
EBITDA (TTM): $181.11M as of Mar 31, 2020
Net annual income (TTM): -$128.19M as of Mar 31, 2020
Free cash flow (TTM): $16.74M as of Mar 31, 2020
Net Debt Last Fiscal Year: $816.37M as of Mar 31, 2020
Shares outstanding: 125,898,683 as of May 5, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization