TETRA Technologies, Inc. (TTI) Stock

TETRA Technologies, Inc. (TTI) is a Energy stock trading at $7.23 (as of 2026-08-20), with a market capitalization of $978.87M and a trailing P/E of 31.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

TETRA Technologies, Inc., together with its subsidiaries, operates as a diversified oil and gas services company. It operates through Completion Fluids & Products Division and Water & Flowback Services segments. 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. The Water & Flowback Services segment provides water management services for onshore oil and gas operators. This segment also offers frac flowback, production well testing, and other associated services in oil and gas producing regions in the United States and Mexico, as well as in various basins in Latin America, Africa, Europe, and the Middle East. The company was incorporated in 1981 and is headquartered in The Woodlands, Texas.

Understand TETRA Technologies, Inc.: how it makes money

TETRA Technologies provides specialized oil and gas fluids and related products, and it also treats and manages produced water for recycling during drilling, completion, and workover operations, earning money from selling these fluids and from water and flowback services to the oil and gas industry.

The profit model links directly to customer oilfield activity volumes, because TETRA sells consumable well intervention fluids and provides recurring produced-water treatment and recycling services, with performance depending on operational execution in its water systems.

Revenue by segment (latest quarter)
Completion Fluids$0.2B
Water & Flowback$0.1B

Business quality (Mixed): A diversified oil and gas services mix, with operating indicators that track both fluid demand and water-system performance, but results remain exposed to changes in drilling and completion activity and to operational execution in water treatment.

Valuation: At 203× earnings, TTI trades 1081% above the Petroleum & Natural Gas average (17×). Note: one-time items can distort reported P/E.

Bull case

  • Revenue contribution from two service lines, Completion Fluids and Products, and Water and Flowback Services, which can diversify exposure within oil and gas operations: Segment revenue shows Completion Fluids at about 0.16B and Water and Flowback at about 0.06B (using the provided segment candidates).
  • Operating metrics exist that directly reflect the value proposition of water recycling and service reliability: Treated and Recycled Produced Water Volume (Frac Reuse) is 89,000,000, and OASIS Project Uptime is 96% in the provided operational KPI set.

Bear case

  • Demand is tied to drilling, completion, and workover activity, so activity slowdowns can reduce orders for both fluids and produced-water services: KPI sets include Deepwater Completion Jobs Executed (13.0) and Produced Water Recycled in the Permian (571,000,000), indicating services scale with operational activity.
  • Execution and uptime matter for water services, and weaker performance can affect service outcomes: OASIS Project Uptime (96%) and Permian Basin Pilot Project Uptime (96%) highlight that reliability is a monitored operational factor.
  • Working capital risk is worth watching through customer payment timing: Day Sales Outstanding is 62 in the provided operational KPI set.
Valuation — source: SEC EDGAR (first-party)
Price$7.23
Market Cap$978.87M
P/E Ratio31.5
EV / EBITDA8.2
Price / Book2.41
Price / Sales1.50
FCF Yield-2.9%
DCF Value (model)$2.93
DCF Upside vs Price-59.5%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$630.93M
Net Margin0.5%
Revenue Growth (YoY)5.3%
EPS Growth (YoY)-97.6%
FCF Growth (YoY)-180.9%
Financial Health — source: SEC EDGAR
Altman Z-Score2.63 (grey)
Piotroski F-Score5/9 (moderate)
Valuation vs Sector & Industry
Stock P/E31.5
Sector P/E (Energy)16.8
Industry P/E (Petroleum & Natural Gas)16.7
vs Sector88.1%
vs Industry89.4%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($98.92M)
Institutional Holders Tracked10
Company
SectorEnergy
IndustryPetroleum & Natural Gas
CEOBrady Murphy
Employees1,400
CountryUS
IPO Date1990-04-03

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TTI earnings history · TTI institutional & insider holders · TTI KPIs & operating metrics · TTI financials · TTI investor presentations & press releases · TTI SEC filings · TTI peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.