TETRA Technologies, Inc. (TTI) Stock Price & Analysis
TETRA Technologies, Inc. (TTI) closed at USD 6.03 on Wednesday, October 28, 2026, up 4.87% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 5.75; the Oct 28, 2026 session ranged USD 5.74–6.09 on volume of 2,721,320 shares. Market capitalization is $892.88M, with a 52-week range of USD 4.87–12.54 (NYQ). Source: Nexqual, retrieved October 29, 2026 at 06:49 UTC.
Also available as compact Markdown for AI agents: nexqual.com/TTI.md
Key facts (TTI)
- Last four reported quarters (through Jun 30, 2026): revenue $642M, net income $6.2M (1.0% margin), free cash flow -$15.1M (SEC filings).
- Valuation: P/E 143.9x (avg 149.6x at the last 3 fiscal year-ends), EV/EBITDA 11.0x, net debt $35.4M.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $537K; 0 not under a Rule 10b5-1 plan ($0K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 2 Form 4 filings, $282K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 1.75 on a 1–5 scale) (4 analysts), mean target USD 11.13 (range 10–12).
- Total return with dividends: 1Y -16.4% vs S&P 500 +13.6%; 5Y +86.7% vs S&P 500 +79.8%.
- Next earnings: 2026-11-02, EPS estimate USD 0.04, revenue estimate $157M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (TTI)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $388M | $553M | $626M | $599M | $631M | $642M |
| Gross profit | $59.2M | $121M | $154M | $140M | $156M | — |
| Operating income | — | — | $44.9M | $49.9M | $55.4M | $46.6M |
| Net income | $103M | $7.8M | $25.8M | $108M | $3.0M | $6.2M |
| EPS (diluted) | $0.82 | $0.06 | $0.20 | $0.82 | $0.02 | — |
| Free cash flow | -$15.9M | -$21.1M | $32.1M | -$24.2M | $19.5M | -$15.1M |
| Gross margin | 15.3% | 21.9% | 24.5% | 23.3% | 24.7% | — |
| Operating margin | — | — | 7.2% | 8.3% | 8.8% | 7.3% |
| Net margin | 26.6% | 1.4% | 4.1% | 18.1% | 0.5% | 1.0% |
| Revenue growth | +2.8% | +42.5% | +13.2% | -4.3% | +5.3% | — |
| Cash + short-term investments | $31.6M | $13.6M | $52.5M | $37.0M | $72.6M | — |
| Total debt | $152M | $156M | $158M | $180M | $190M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (TTI)
P/E 143.9x · P/S 1.4x · EV/EBITDA 11.0x · EV/Sales 1.4x · P/B 2.2x · FCF yield -1.69% · Earnings yield 0.70% · Net debt $35.4M · EV $928M
P/E at fiscal year-ends: Dec 2025 421.4x, Dec 2024 4.4x, Dec 2023 23.0x.
Insider sales (SEC Form 4, open-market, last ~7 months) (TTI)
1 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-07-01…2026-07-02 | Murphy Brady M | President & CEO | 50,061 | $537K | 1.7% | Yes | Too little history (no open-market trades in 2024 or 2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Insider purchases (SEC Form 4, open-market, last ~7 months) (TTI)
2 purchases, $282K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-09-02 | John Angela D | Director | 10,000 | $65K | 6.5 | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-09 | Hallead Kurt | VP-Treasurer & IR | 22,000 | $217K | 9.86 | Too little history (no open-market trades in 2023 or 2024) |
Analysts (TTI)
Consensus Buy (mean 1.75 on a 1–5 scale), 4 analysts; mean target USD 11.13 (low 10, high 12).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-06 | Clear Street | Upgrade | Hold → Buy | $11 |
| 2026-09-23 | Stifel | Target lowered | Buy | $13 → $12 |
Total return (dividends reinvested) (TTI)
| 1Y (from 2025-10-29) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -16.4% | +86.7% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | -16.4% | +13.3% |
| Volatility (annualized) | 57.0% | 62.2% |
| Max drawdown | -58.2% (Feb 2026→Oct 2026) | -64.2% (Sep 2023→Apr 2025) |
TTI earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Aug 4, 2026 | Quarter ended Jun 30, 2026 | $0.08 | $0.08 | In line | +8.3% |
| Apr 29, 2026 | Quarter ended Mar 31, 2026 | $0.06 | $0.03 | Beat +$0.03 | -2.3% |
| Feb 25, 2026 | Quarter ended Dec 31, 2025 | $0.02 | $0.02 | In line | -19.1% |
| Oct 28, 2025 | Quarter ended Sep 30, 2025 | $0.04 | $0.04 | In line | -5.6% |
| Jul 29, 2025 | — | — | — | — | +4.0% |
| Apr 29, 2025 | — | — | — | — | +5.2% |
| Feb 25, 2025 | — | — | — | — | -5.1% |
| Oct 29, 2024 | — | — | — | — | +14.2% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
TTI recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Oct 8, 2026 | 8-K | Entered a material agreement “First Amendment to Term Loan Credit Agreement On October 2, 2026, TETRA Technologies, Inc. (the "Company") entered into the First Amendment to Credit Agreement (the "First Amendment"), by and among the Company, as borrower, the other loan parties party thereto, the lenders party thereto (the "Lenders") and Silver Point Finance, LLC, as administrative agent (in such capacity, the "Administrative Agent"), which amends the Credit Agreement, dated as of January 12, 2024 (the "Term Loan Credit Agreement") by and among…” |
| Oct 6, 2026 | Schedule 13G/A | Neuberger Berman Group LLC, Neuberger Berman Investment Advisers LLC: 4.9% of shares, passive 5%+ holder (amended) |
| Aug 4, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Aug 4, 2026 | 8-K | Quarterly results |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
TTI revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Completion Fluids & Products | $113.1M | 60.9% | +3.3% |
| Water & Flowback Services | $72.5M | 39.1% | +12.6% |
| Total revenue | $185.7M | 100% | — |
TTI revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Product sales | $103.6M | 55.8% | +0.9% |
| Services | $82.0M | 44.2% | +15.3% |
| Total revenue | $185.7M | 100% | — |
TTI revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $95.0M | 51.2% | -14.6% |
| International | $90.6M | 48.8% | +44.7% |
| Total revenue | $185.7M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
TTI suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | LANXESS AG (LNXSY) | “We have a long-term supply agreement with LANXESS, AG ("LANXESS") under which the Completion Fluids & Products Segment purchases its requirements of raw material bromine from LANXESS' Arkansas bromine production facilities.” |
| Supplier | Eos Energy Enterprises, Inc. (EOSE) | “In January 2024, we entered into a preferred supply agreement through December 31, 2027 in which Eos has agreed to purchase 100% of its requirement of zinc bromide products, including TETRA PureFlow zinc bromide, and 75% of its requirement of Eos' proprietary full electrolyte solution from TETRA, and has provided TETRA a right of first refusal prior to entering into a supply agreement for such products from a thir…” |
| Partner | Saltwerx and Magrathea Metals | “Prior to producing magnesium, lithium and/or bromine from TETRA's brine leases, including the Evergreen Brine Unit, we must complete a lithium FEED study and a feasibility study for our lithium acreage, validate the lithium technologies used before lithium production begins, coordinate with the local utility co-op for the construction of power infrastructure to supply electricity to our plant site, complete detail…” |
| Partner | Saltwerx | “Unless and until we finalize any contractual agreements with Saltwerx, including a joint venture agreement, our relationship with Saltwerx will be governed by the Memorandum of Understanding ("MOU") and the Brine Unit Operating Agreement approved by the Arkansas Oil and Gas Commission.” |
| Partner | Maritech Resources | “While the ultimate outcome of this matter cannot be predicted, we could potentially be liable for an estimated amount in the range of $11.3 million to $27.0 million, before Maritech's proportionate share of the bond proceeds (approximately $3.9 million), depending on the outcome of negotiations and whether other partners or property owners in the chain of title fulfill their respective obligations under their agre…” |
| Partner | STANDARD LITHIUM LTD. (SLI) | “Smackover Lithium ("SWA"), a joint venture between Standard Lithium and Equinor, an international energy company headquartered in Norway, is expected to reach first production with respect to this acreage in 2028.” |
Quoted from the company's 10-K filed Feb 25, 2026.
TTI company outlook (results filed Aug 4, 2026)
- “As announced, we have been awarded the three-well TETRA Neptune Z-lite project in the Gulf of America for Completion Fluids and Products, which we believe will start in 2026.”
- “Overall, we expect our base business to perform in line with market expectations, while recognizing that broader global market volatility may remain and that the timing of Neptune pipeline jobs could meaningfully impact our second half 2026 results.”
- “A growing pipeline of Neptune projects, expanding data center and power infrastructure development in West Texas, along with the startup of the Arkansas Bromine facility, position TETRA to accelerate progress toward its ONE TETRA 2030 objectives.”
Quoted word-for-word from the SEC 8-K results press release.
TTI analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.04 | $0.06 | -33.3% | $157.1M | 3 |
| Next quarter (ends Dec 2026) | $0.04 | $0.06 | -18.2% | $157.2M | 2 |
| Current fiscal year (ends Dec 2026) | $0.23 | $0.26 | -9.8% | $658.0M | 2 |
| Next fiscal year (ends Dec 2027) | $0.29 | $0.38 | -22.4% | $716.5M | 2 |
TTI options: expected move
Options price a move of about ±16.2% (±$0.98) by Nov 20, 2026, which includes earnings on Nov 2, 2026. Over the last 8 reports the stock moved ±8% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 23 | 72.6% | ±16.2% |
| Dec 18, 2026 | 51 | 64.4% | ±19.1% |
| Mar 19, 2027 | 142 | 67.2% | ±32.8% |
| Jun 17, 2027 | 232 | 65.1% | ±40.2% |
30-day implied volatility 64% vs 44.7% realized over the last 30 trading days. Put/call ratio (volume) 0.18. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 29, 2026 at 06:49 UTC)
| Price | USD 6.03 |
|---|---|
| Change | ▲ 4.87% (up) |
| Previous Close | USD 5.75 |
| Open | USD 5.75 |
| Day Range | USD 5.74 – 6.09 |
| 52-Week Range | USD 4.87 – 12.54 |
| Volume | 2,721,320 shares |
| Market Cap | $892.88M |
| Exchange | NYQ |
Technical Analysis (TTI)
Nexqual's technical model rates TTI "SELL" based on 2 bullish and 4 bearish signals across 127 daily candles, as of October 29, 2026 at 06:49 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 54.09 (neutral) |
| vs SMA50 | Below (USD 6.22) |
| MACD | -0.21 (negative) |
Analyst Ratings (TTI)
Wall Street analysts rate TTI "Buy" based on 4 analysts, with a mean price target of USD 11.13 (range USD 10–12), per Nexqual as of October 29, 2026 at 06:49 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 4 |
| Mean Target | USD 11.13 |
| High Target | USD 12 |
| Low Target | USD 10 |
| Buy / Hold / Sell | 4 / 0 / 0 |
Earnings (TTI)
| Next Earnings Date | 2026-11-02 |
|---|---|
| EPS Estimate | USD 0.04 |
| Revenue Estimate | $157.10M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.08 vs est 0.08 ▲ beat |
| 2026-03-31 | USD 0.06 vs est 0.03 ▲ beat |
| 2025-12-31 | USD 0.02 vs est 0.02 ▲ beat |
| 2025-09-30 | USD 0.04 vs est 0.04 ▲ beat |
Source: Nexqual, October 29, 2026 at 06:49 UTC.
Financials & Fundamentals (TTI)
| Total Revenue | $641.83M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +6.80% |
| Gross Margin | +29.58% |
| Operating Margin | +10.84% |
| Profit Margin | +0.97% |
| ROE | +2.13% |
| Debt / Equity | 0.55 |
| Current Ratio | 2.46 |
| Total Cash | $154.58M |
| Total Debt | $223.84M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$15.09M (-2.4% of revenue) |
Source: Nexqual, October 29, 2026 at 06:49 UTC.
Financial Health Score (TTI)
Nexqual rates TETRA Technologies, Inc.'s overall financial health "Mixed" across five dimensions, as of October 29, 2026 at 06:49 UTC.
| Growth | Solid — Revenue +5% YoY (annual) |
|---|---|
| Profitability | Mixed — Gross margin 23%, operating 7% (last 4 quarters to Jun 2026, SEC) |
| Balance Sheet | Strong — $155M cash and investments vs $190M debt (Jun 2026, SEC) |
| Cash Flow | Weak — FCF negative: -$15M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Weak — ROE 2%, ROA 0.8% (last 4 quarters, SEC) |
Ownership (TTI)
| Insider Ownership | +5.50% |
|---|---|
| Institutional Ownership | +94.38% |
| Shares Outstanding | 148.07M |
| Float | 139.53M |
| Short % of Float | +7.70% |
Source: Nexqual, October 29, 2026 at 06:49 UTC.
Leadership (TTI)
TETRA Technologies, Inc. is led by Brady M. Murphy, President, CEO & Director, per Nexqual as of October 29, 2026 at 06:49 UTC.
| President, CEO & Director | Brady M. Murphy |
|---|---|
| Executive VP & CFO | Matthew J. Sanderson |
| Senior Vice President of Global Supply Chain & Chemicals | Timothy C. Moeller |
| Senior Vice President of Energy Services Operations | Roy Evan McNiven |
Major Backers & Investors (TTI)
Notable institutional backers of TETRA Technologies, Inc. include Neuberger Berman Group, LLC, Ameriprise Financial, Inc., Needham Investment Management, L.L.C., according to Nexqual as of October 29, 2026 at 06:49 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Neuberger Berman Group, LLC | 5.85% |
| Ameriprise Financial, Inc. | 4.1% |
| Needham Investment Management, L.L.C. | 3.82% |
| Needham Funds Inc-Needham Aggressive Growth Fund | 3.44% |
| Cramer Rosenthal Mcglynn LLC/Adv | 3.42% |
| American Century Companies Inc | 3.06% |
| Driehaus Capital Management, LLC | 2.95% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 8.26% |
| Vanguard Group | 4.13% |
| State Street | 2.67% |
Source: Nexqual, October 29, 2026 at 06:49 UTC.
From TETRA Technologies, Inc.'s Latest SEC 10-K Filing (filed 2026-02-25)
Key Strengths & Strategy (as disclosed to the SEC)
- In January 2024, we entered into a preferred supply agreement through December 31, 2027 in which Eos has agreed to purchase 100% of its requirement of zinc bromide products, including TETRA PureFlow zinc bromide, and 75% of its requirement of Eos' proprietary full electrolyte solution from TETRA, and has provided TETRA a right of first refusal prior to entering into a supply agreement for such products from a third-party.
- A proprietary process applied at this facility uses bromine and zinc to manufacture zinc bromide.
- Our proprietary TETRA PureFlow zinc bromide electrolyte is a key input to these systems, supporting safe, non‑flammable performance at utility scale.
Partnerships
- In connection with the supply agreement, TETRA was granted a non-exclusive, non-sub-licensable, non-transferable license to Eos's proprietary full electrolyte formula, solely in connection with manufacturing and provision of Eos' proprietary full electrolyte solution to Eos.
- We have a long-term supply agreement with LANXESS, AG ("LANXESS") under which the Completion Fluids & Products Segment purchases its requirements of raw material bromine from LANXESS' Arkansas bromine production facilities.
Legal & Regulatory Risks (Item 1A, quoted)
- Current geopolitical events and macroeconomic conditions could adversely affect our business, financial condition and results of operations.
- We operate in a highly competitive environment. If we are unable to maintain product and technology leadership, this could adversely affect any competitive advantage we hold.
- Our proprietary rights may be violated or compromised, which could damage our operations. In addition, third parties may claim that we have infringed upon or otherwise violated their intellectual property rights.
- We own numerous patents, patent applications, and unpatented trade secret technologies in the U.S. and certain foreign countries. There can be no assurance that the steps we have taken to protect our proprietary rights will be adequate to deter misappropriation of these rights. In addition, independent third parties may develop competitive or superior technologies.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| ACDC | ProFrac Holding Corp. | USD 4.99 | ▲ 8.71% |
| FTK | Flotek Industries, Inc. | USD 26.08 | ▲ 1.12% |
| PUMP | ProPetro Holding Corp. | USD 7.76 | ▲ 2.65% |
| FET | Forum Energy Technologies, Inc. | USD 90.91 | ▲ 1.07% |
| AESI | Atlas Energy Solutions Inc. | USD 9.44 | ▲ 3.96% |
| VTOL | Bristow Group, Inc. | USD 41.44 | ▲ 1.15% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 06:49 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt