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 |
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 |