Last $11.60 USD
Change Today -0.14 / -1.19%
Volume 816.1K
As of 8:04 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

tetra technologies inc (TTI) Snapshot

Open
$11.75
Previous Close
$11.74
Day High
$11.85
Day Low
$11.37
52 Week High
04/23/14 - $13.43
52 Week Low
08/8/14 - $9.25
Market Cap
922.8M
Average Volume 10 Days
429.9K
EPS TTM
$-0.03
Shares Outstanding
79.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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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
President of Compressco, Inc and President of...
Total Annual Compensation: $289.5K
Senior Vice President
Total Annual Compensation: $370.0K
Senior Vice President of Corporate Strategy a...
Total Annual Compensation: $345.0K
Compensation as of Fiscal Year 2013.

tetra technologies inc (TTI) Key Developments

TETRA Technologies, Inc. Presents at D.A. Davidson Engineering & Construction Conference, Sep-10-2014 07:45 AM

TETRA Technologies, Inc. Presents at D.A. Davidson Engineering & Construction Conference, Sep-10-2014 07:45 AM. Venue: Omni San Francisco Hotel, San Francisco, California, United States.

TETRA Technologies, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Second Half of 2014; Revised Earnings Guidance for the Year 2014; Provides Capital Expenditures Guidance for 2015

TETRA Technologies, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues of $242,489,000 compared to $221,101,000 a year ago. Loss before taxes and discontinued operations was $2,494,000 compared to $4,395,000 year ago. Net loss was $1,550,000 compared to $2,508,000 a year ago. Net loss attributable to the company’s stockholders was $2,457,000 compared to $2,931,000 a year ago. Basic and diluted loss per share was $0.03 compared to $0.04 a year ago. Net cash provided by operating activities was $4,524,000 compared to $15,313,000 a year ago. Capital expenditures were $23,405,000 compared to $25,123,000 a year ago. Adjusted EPS, excluding the Maritech segment, was $0.06 per diluted share. Free cash flow was a use of $2 million. These are the lower cash earnings in Offshore Services and weaker Fluids Gulf of Mexico activity. This was despite a 6-day improvement in DSO as revenue increased sequentially by $30 million, but receivables only increased by $7 million. For the six months, the company reported revenues of $455,346,000 compared to $429,660,000 a year ago. Loss before taxes and discontinued operations was $13,177,000 compared to $1,184,000 year ago. Net loss was $7,640,000 compared to $408,000 a year ago. Net loss attributable to the company’s stockholders was $9,391,000 compared to $1,628,000 a year ago. Basic and diluted loss per share was $0.12 compared to $0.02 a year ago. Net cash provided by operating activities was $40,594,000 compared to $30,361,000 a year ago. Capital expenditures were $52,240,000 compared to $51,535,000 a year ago. Net debt as on June 30, 2014 was $352,472,000 compared to $328,580,000 as on June 30, 2013. The company announced that it is lowering its previously disclosed adjusted earnings guidance for fiscal 2014 to a range of $0.50 to $0.60 per fully diluted share, excluding the impact of the Maritech segment, transaction costs, and unusual items. This reduction in earnings guidance is driven primarily by weaker than normal second quarter results for the Offshore Services segment and a slower than expected recovery for the company's Production Testing business. For the year 2014, the company expected earnings per fully diluted share of $0.27 to $0.37. The company’s 2014 free cash flow target of $80 million will be a challenge to meet given the weak second quarter results. For the second half of 2014, the company expects earnings per fully diluted share of $0.39 to $0.49 and adjusted per share of $0.44 to $0.54. For 2015, capital expenditures are expected to be between $90 million and $100 million, of which only $10 million is expected of a maintenance capital.

TETRA Technologies Mulls Acquisitions

TETRA Technologies, Inc. (NYSE:TTI) is seeking acquisitions. Elijio Serrano, Chief Financial Officer, said, "We will continue to evaluate small acquisitions in those areas that are performing well, such as the water."

 

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TTI

Industry Average

Valuation TTI Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.0x
Price/Book 1.7x
Price/Cash Flow 11.7x
TEV/Sales 0.5x
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