Last $6.35 USD
Change Today -1.54 / -19.52%
Volume 569.2K
As of 5:15 PM 11/28/14 All times are local (Market data is delayed by at least 15 minutes).

tetra technologies inc (TTI) Snapshot

Open
$7.67
Previous Close
$7.89
Day High
$7.67
Day Low
$6.35
52 Week High
04/23/14 - $13.43
52 Week Low
11/28/14 - $6.35
Market Cap
505.5M
Average Volume 10 Days
572.4K
EPS TTM
$-0.25
Shares Outstanding
79.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for TETRA TECHNOLOGIES INC (TTI)

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tetra technologies inc (TTI) Details

TETRA Technologies, Inc. operates as a diversified oil and gas services company. The company operates in three divisions: Fluids, Production Enhancement, and Offshore. The Fluids division 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 division also markets liquid and dry calcium chloride products; and provides water management services to North American onshore oil and gas operators. The Production Enhancement division provides after-frac flow back, production well testing, offshore rig cooling, and other associated services in various oil and gas basins in the United States, Mexico, and Canada, as well as in other basins in South America, Africa, Europe, the Middle East, and Australia. It also provides compression-based production enhancement services used in conventional wellhead compression applications and unconventional compression applications, as well as in monitoring and sand separation services. This division offers its production enhancement services in the onshore oil and gas producing regions of the United States, as well as certain basins in Mexico and Canada, and certain countries in South America, Eastern Europe, and the Asia-Pacific region. The Offshore division provides down hole and subsea services, such as well plugging, and abandonment and workover services; decommissioning and construction services; and conventional and saturated air diving services. This division offers its services to oil and gas companies and independent operators. The company was founded in 1981 and is headquartered in The Woodlands, Texas.

3,462 Employees
Last Reported Date: 03/3/14
Founded in 1981

tetra technologies inc (TTI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $602.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $392.0K
Senior Vice President
Total Annual Compensation: $370.0K
Senior Vice President of Corporate Strategy a...
Total Annual Compensation: $345.0K
Chief Marketing Officer of Compressco Partner...
Total Annual Compensation: $289.5K
Compensation as of Fiscal Year 2013.

tetra technologies inc (TTI) Key Developments

TETRA Technologies, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014; Revises Earnings Guidance of the Fiscal Year 2014

TETRA Technologies, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company's revenues were $306,371,000 compared to $254,303,000 a year ago. Loss before taxes was $24,827,000 compared to income before taxes of $18,702,000 a year ago. Net loss was $12,467,000 compared to net income of $12,854,000 a year ago. Net loss attributable to the company stockholders was $10,537,000 or $0.13 per diluted share compared to net earnings attributable to the company stockholders of $12,110,000 or $0.15 per diluted share a year ago. Consolidated revenues excluding Maritech was $305,329,000 compared to $252,954,000 a year ago. Consolidated income before taxes excluding Maritech was $12,090,000 compared to $34,130,000 a year ago. Net income per share attributable to the company stockholders excluding Maritech was $0.12 compared to $0.28 a year ago. Capital expenditures were $14 million, and cash flow from operations was $24 million, excluding Maritech and the unusual items. For the nine months, the company's revenues were $761,717,000 compared to $683,963,000 a year ago. Loss before taxes was $38,004,000 compared to income before taxes of $17,518,000 a year ago. Net loss was $20,107,000 compared to net income of $12,446,000 a year ago. Net loss attributable to the company stockholders was $19,928,000 or $0.25 per diluted share compared to net earnings attributable to the company stockholders of $10,482,000 or $0.13 per diluted share a year ago. Consolidated revenues excluding Maritech was $757,752,000 compared to $679,770,000 a year ago. Consolidated income before taxes excluding Maritech was $20,738,000 compared to $63,597,000 a year ago. Net income per share attributable to the company stockholders excluding Maritech was $0.18 compared to $0.52 a year ago. Net debt was $415,220,000 compared to $328,580,000 as on December 31, 2013. On a year-to-date basis, free cash flow is $41 million to TETRA, which the company has achieved despite the weaker offshore profits and the recovering production Testing profitability. Taking into account results for the first three quarters of 2014, this provides an earnings guidance range of $0.05 to $0.10 per fully diluted share for the fourth quarter, excluding the impact of Maritech, transaction costs and unusual items. The company expects earnings per fully diluted share to be in the range of $0.04 to $0.09. In addition, the company announced that it is reducing its earnings guidance for the 2014 fiscal year to a range of $0.23 to $0.28 per fully diluted share, excluding the impact of the Maritech segment, transaction costs, and unusual items, primarily due to ongoing market challenges in the Offshore Services segment. The company expects loss per fully diluted share to be in the range of $0.6 to $0.21. The company expects effective tax rate for the year to be approximately 20% on the continued mix of higher international earnings relative to U.S. earnings and the amount of income attributable to noncontrolling interest from Compressco with a lower tax rate.

TETRA Technologies, Inc. to Report Q3, 2014 Results on Nov 07, 2014

TETRA Technologies, Inc. announced that they will report Q3, 2014 results at 10:30 AM, US Eastern Standard Time on Nov 07, 2014

TETRA Technologies, Inc., Q3 2014 Earnings Call, Nov 07, 2014

TETRA Technologies, Inc., Q3 2014 Earnings Call, Nov 07, 2014

 

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TTI

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Valuation TTI Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.6x
Price/Book 1.2x
Price/Cash Flow 9.0x
TEV/Sales NM Not Meaningful
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