TETRA Technologies, Inc. (TTI)
NYSEIndustrialsOil & Gas Equipment & ServicesSnapshot 2026-09-09
$7.07-0.84%
Close 2026-09-09 · 1-day change
NYSEIndustrialsOil & Gas Equipment & ServicesSnapshot 2026-09-09
Broken: Primary pillar broken — Operating income improves toward prior levels: operating income not reported.
TETRA Technologies is growing revenue, rising from $146.7M in 2025-Q4 to $156.3M in 2026-Q1. The company is investing in new projects like the Arkansas Bromine push. Management aims to increase revenue by about 10% in 2026. Strategic partnerships and M&A activity support growth.
Operating income fell from $19.7M in 2025-Q4 to $12.8M in 2026-Q1, showing weak profit improvement. The recent $100M equity raise may dilute shares and pressure growth. The company cut guidance recently, signaling challenges ahead.
The price is about 9% above our fair value near $8.6, with analysts expecting roughly 10% revenue growth. Our view aligns with consensus but we see risks in profit margins and dilution from equity raises.
Breaks if: EPS falls below consensus due to dilution within next year
Breaks if: operating income remains below $15 million next year
revenue falls below $620 million in FY25
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a durable compounder with a focus on growth in deepwater and international revenue. The current thesis state is intact, supported by strong recent financial performance, though risks remain elevated due to sector conditions.
The market reflects a neutral valuation with a slight expectations gap, indicating that TTI is priced with some caution. The company's execution quality is considered weak, which contributes to a low level of fragility in its current pricing.
Fundamentals are likely to remain strong in the near term, driven by management's focus on growth areas. However, there is a notable risk of missing earnings due to the high-miss-rate nature of the industry.
The long-term thesis hinges on sector performance, particularly the results and guidance from major players like HMH and BOOM. Any changes in their earnings outlook could significantly impact TTI's trajectory.
The most important moves since the prior daily snapshot.
Our read on the company is unchanged since the prior snapshot.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Over the next 1 to 3 years, TTI's performance will depend on its ability to navigate sector challenges while executing on its growth priorities. Not investment advice.