← Back

Tetra Technologies Inc

TETRA Technologies, Inc., together with its subsidiaries, operates as an energy services and solutions company. It operates through two segments, Completion Fluids & Products; and Water & Flowback Services. 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; and TETRA PureFlow ultra-pure zinc bromide to battery technology companies. Its Water & Flowback Services segment provides water management services for onshore oil and gas operators. This segment also offers frac flowback, early production facilities and services, production well testing, and other associated services in oil and gas producing regions in the United States, as well as in various basins in Latin America, Europe, and the Middle East. The company was incorporated in 1981 and is headquartered in Spring, Texas.

Price · split & dividend adjusted

News & notes moving TTI

TTI▼2

TETRA Technologies second-quarter profit drops to $10.24 million

TETRA Technologies reported a decline in second-quarter profit, with net income falling to $10.24 million, or $0.07 per share, from $11.31 million, or $0.08 per share, in the same period last year. Excluding items, adjusted earnings were $11.29 million, or $0.08 per share. Revenue rose 6.8% to $185.66 million from $173.87 million a year earlier.

TTI ▼

RTTNews·23dRead more ▾

TTI▲2

Oilfield Services Q1 Earnings: TechnipFMC Misses Revenue, Select Water Solutions Leads, Borr Drilling Lags

Oilfield services stocks reported a strong first quarter, with aggregate revenues beating analyst consensus estimates by 3.8%, though share prices have since fallen an average of 10.3%. TechnipFMC posted revenue of $2.49 billion, up 11.6% year on year but missing expectations by 1%, and its stock dropped 15.4% to $65.12. Select Water Solutions was the best performer, with revenue of $366 million exceeding estimates by 6.8%, while Borr Drilling was the weakest, missing revenue estimates by 2.1% and seeing its stock plunge 31.4% to $4.24. Other notable results included Atlas Energy Solutions beating revenue estimates by 3.5% and TETRA Technologies beating by 3.4%.

FTI ▼WTTR ▲AESI ▲TTI ▲

StockStory·65dRead more ▾