TTI
TETRA Technologies, Inc.8.73
-0.01-0.11%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.17BP/E (TTM)
9.49Basic EPS (TTM)
0.92Dividend Yield
0%Recent Filings
8-K
CFO retirement and appointment
TETRA Technologies announced CFO Elijio V. Serrano's retirement effective March 31, 2026, after guiding the company through the COVID-19 pandemic and shaping its ONE TETRA 2030 strategy. The board appointed Matthew J. Sanderson, current EVP and Chief Commercial Officer with 19 years at Schlumberger, as his successor, while he retains some commercial duties. This succession ensures continuity. Smooth transition ahead.
8-K
New Chief Accounting Officer appointed
TETRA Technologies appointed Katherine Kokenes as Vice President and Chief Accounting Officer on September 29, 2025, immediately transferring principal accounting duties from Elijio Serrano, who remains CFO. With prior stints at Independence Contract Drilling and Nabors Industries, Kokenes brings seasoned expertise to the finance team. She'll earn $330,000 base salary, a 60% target bonus, and a $75,000 guaranteed 2025 payout. This leadership shift bolsters accounting oversight amid ongoing operations.
8-K
Strong Q2 results, raised guidance
TETRA Technologies reported Q2 2025 revenue of $174 million, up 11% sequentially, with adjusted EBITDA hitting $35.9 million and base business free cash flow at $37.4 million—outpacing expectations amid U.S. rig count declines. Completion Fluids & Products surged 18% in revenue to $109 million, boosted by deepwater projects and strong calcium chloride sales, while Water & Flowback held steady despite weaker frac activity. The company guides full-year adjusted EBITDA to $100-110 million, but faces risks from oil price volatility and hurricane disruptions.
10-Q
Q2 FY2025 results
TETRA Technologies posted solid Q2 FY2025 results, with revenues climbing 1.1% y/y to $173.9M and 10.6% q/q, driven by the Completion Fluids & Products division's 9.4% y/y revenue jump to $109.4M from deepwater Gulf of America projects and strong calcium chloride sales, while Water & Flowback Services dipped 10.4% y/y to $64.4M amid softer U.S. onshore activity. Gross margins expanded to 27.7% from 25.2% y/y, fueling a 48% y/y rise in net income to $11.3M and diluted EPS of $0.08, matching 133.4M weighted shares with no anti-dilution flags. Operating cash flow for the half-year hit $52.3M, yielding $14.8M free cash flow after $37.4M capex (derived), bolstering cash to $68.7M against $180.5M term debt at 10.17% maturing 2030, with $55.4M ABL availability and leverage under 4.0x covenants. Yet decommissioning liabilities from discontinued offshore ops linger as a persistent drag.
8-K
Stockholders approve expanded equity plan
TETRA Technologies stockholders approved the Third Amended and Restated 2018 Equity Incentive Plan on June 12, 2025, boosting available shares by 4 million to a total of 20,365,000 while banning dividends on unvested awards. This enhances talent retention amid energy sector volatility. Board reappointed John F. Glick as Chair and refreshed committees. Plan runs 10 years.
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