TETRA Technologies, Inc. (TTI)
NYSEIndustrialsOil & Gas Equipment & ServicesSnapshot 2026-09-04
$6.91-0.43%
Close 2026-09-04 · 1-day change
NYSEIndustrialsOil & Gas Equipment & ServicesSnapshot 2026-09-04
QuarterlyIQ Insights · TTI
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Expand revenue in deepwater completion fluids and international markets, leveraging new products and projects like TETRA Neptune Z-Lite and Gulf of America contracts.
Stated as a priority in 2 of last 2 quarters. Revenue grew from $156.3M in 2026-Q1 to $185.7M in 2026-Q2 (+19% sequentially, +7% YoY). First-half 2026 international revenue was 24% higher than any first six months over the past decade. The trajectory is delivering with strong sequential and year-over-year growth.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Industrials names rated strong grew net income 67% of the time over the next year (vs 52% for the rest of the cohort, n=6958).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“Second-quarter consolidated revenue of $186 million increased 19% sequentially and 7% year over year.”
“Consolidated first-quarter revenue of $156 million and Adjusted EBITDA of $26 million were ten-year highs for a first quarter.”
Advance construction and commissioning of the Arkansas Bromine Project with expected completion by end of 2027 and start-up in early 2028.
Stated as a priority in 2 of last 2 quarters. The Board approved the final investment decision in 2026-Q2, with project completion expected by Q4 2027 and start-up early 2028. Capital expenditures related to the project were $10.9M in 2026-Q2 and $6.6M in 2026-Q1. The project is on schedule and progressing as planned.
“Board approved final investment decision for Arkansas Bromine Project; completion expected Q4 2027, start-up early 2028.”
“Bromine construction project in Southwest Arkansas continues on time and on budget; first production in 2028.”
Grow proprietary zinc-bromide electrolyte sales for long-duration energy storage and utility-scale battery systems.
Stated as a priority in 2 of last 2 quarters. Management highlights growing demand for zinc-bromide electrolyte solutions supporting long-duration energy storage. While specific revenue numbers for electrolytes are not disclosed, the business is described as expanding with market tailwinds from utility-scale battery storage growth. The trajectory shows progress aligned with stated growth.
“Performance benefited from growing demand for proprietary zinc-bromide electrolyte solution for energy storage.”
“Electrolyte revenue grew meaningfully in 2025; EIA projects 60% growth rate in utility-scale battery storage in 2026.”
Develop and commercialize large-scale produced water desalination plants targeting beneficial reuse and data center cooling markets.
Stated as a priority in 2 of last 2 quarters. Management reports progress in engineering and commercial engagement for large-scale desalination plants, including a 100,000 bbl/d design with estimated capex and opex savings of up to 23% and 24%. Operational uptime of 96% was achieved on a pilot project. The trajectory shows advancing commercialization efforts.
“Completed additional engineering work on 100,000-barrel-per-day plant design; economies of scale improving project economics.”
“OASIS desalination project achieved 96% uptime; gaining momentum with multiple engineering efforts and customer engagements.”
Sustain and improve operating income and adjusted EBITDA margins across Completion Fluids & Products and Water & Flowback Services segments.
Stated as a priority in 2 of last 2 quarters. Adjusted EBITDA margins for Completion Fluids & Products were 28.0% in 2026-Q1 and 26.4% in 2026-Q2, while Water & Flowback Services margins improved from 14.1% to 14.8%. Operating income increased from $12.8M in 2026-Q1 to $20.1M in 2026-Q2. The trajectory shows stable to improving profitability consistent with management's margin targets.
“Adjusted EBITDA margins of 26.4% for Completion Fluids & Products and 14.8% for Water & Flowback Services.”
“Adjusted EBITDA margins of 28.0% for Completion Fluids & Products and 14.1% for Water & Flowback Services.”
Over the trailing year it converted -0.30x of net income into operating cash flow. Historically, Industrials names rated fragile grew net income 48% of the time over the next year (vs 59% for the rest of the cohort, n=4997).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, Fed net liquidity, long-term interest rates (low R² over the window).
8 material management or governance events in the past 24 months, led by executive changes. Historically, Industrials names rated neutral grew net income 58% of the time over the next year (vs 56% for the rest of the cohort, n=3431).
Not investment advice. As of 2026-09-04.