TETRA Technologies, Inc.

TETRA Technologies, Inc.

TETRA Technologies, Inc.

Overview
Date Founded

1981

Headquarters

24955 Interstate 45 North, The Woodlands, TX, 77380, USA

Type of Company

Public

Employees (Worldwide)

1,800

Industries

Industrial Machinery & Manufacturing
Wholesale: Raw Materials
Oil & Gas
Chemicals

Company Description

TETRA Technologies, Inc. is a geographically diversified oil and gas services company, which engages in the completion of fluids and associated products and services. It operates through the following segments: Completion Fluids and Products and Water and Flowback Services. The Completion Fluids and Products division manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry. The Water and Flowback Services division provides onshore oil and gas operators with comprehensive water management services. The company was founded in 1981 and is headquartered in The Woodlands, TX.

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Executives & Employees

President & Chief Executive Officer

Senior Vice President & Chief Financial Officer

Chief Accounting Officer & Vice President-Accounting

Vice President-Finance, Global Controller & Assistant Treasurer

Vice President-Finance & Treasurer

Benefit Plan Administrator

Senior Vice President

Senior Vice President-Global Supply Chain & Chemicals

Vice President, Human Resources

General Partner

Board of Directors

Partner at Genesis Park LP

Partner at 4D Global Energy Advisors SAS

Former President, Chief Executive Officer & Director at Lufkin Industries, Inc.

Operating Partner at Pelican Energy Partners

Former Senior Vice President-Plastics at Nexeo Solutions LLC

President & Chief Executive Officer at TETRA Technologies, Inc.

Former Executive Vice President & Chief Financial Officer at Dresser-Rand Group, Inc.

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Owners & Shareholders
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Huber Capital Management is a 100% employee owned investment advisory firm providing discretionary investment advisory services to institutional accounts and mutual funds. Founded in 2007, our firm brings together an experienced group of investment professionals committed to a disciplined, value-based investment process which utilizes best practices of both fundamental research and behavioral psychology to create a distinctive investment approach. Our people matter. Our culture is team-oriented and learning-based, while encouraging individual initiative within a process-oriented research framework. Our decisions are guided by a core set of beliefs: That value is a timeless rather than timely investment style, that risk is best measured by permanent loss of capital not volatility, and that consistently superior returns should come from a superior process applied consistently. Our clients come first. Our paramount goal is to provide clients with superior risk-adjusted returns over the long term while maintaining the highest levels of customer service

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Marathon provides professional investment management services to individuals, institutions, pension plans and profit sharing programs. The firm targets small-cap companies in North America. Marathon focuses on the technology sector including health technology, technology services and electronic technology, along with the industrial services sector.

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Roumell Asset Management employs a deep value investment approach. The firm's investment strategy seeks to arrive at a reasonable estimate of a company's value, independent of the current stocks price. They develop these estimates mainly through the use of 3 techniques. First, the firm looks for securities that are trading at a significant discount to a readily ascertainable net asset value which is estimated based on the value of the company's assets (both on and off balance sheet) using relevant private and public market data. Roumell also values companies as an industry insider relying heavily on merger and acquisition activity data. When analyzing a company which is unlikely to be acquired, the firm evaluates it on a 'going concern' basis. Roumell Asset Management is known to engage in shareholder activist investment strategies.Though not limited by sector, the firm tends to invest in the stocks of small-cap US and Canadian companies in the electronic technology, technology services, producer manufacturing, finance and healthcare technology sectors. Roumell Asset Management maintains a high turnover rate.

Recent Transactions
Details Hidden

Spartan Energy Partners LP, Silverhawk Capital Partners LLC purchase CSI Compressco LP from TETRA Technologies, Inc.

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purchases Tetra Technologies, Inc. /Offshore Services Division from TETRA Technologies, Inc.

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TETRA Technologies, Inc. purchases Swiftwater Energy Services LLC

Insider Transactions
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Transaction Advisors
Accountant

Advised onTETRA Technologies, Inc. purchases Compressco, Inc.

Escrow Agent

Advised onTETRA Technologies, Inc. issued USD Common Stock and Warrants

Legal Advisor

Advised on purchases Tetra Technologies, Inc. /Offshore Services Division from TETRA Technologies, Inc.

Legal Advisor

Advised onTETRA Technologies, Inc. purchases Compressco, Inc.

Legal Advisor

Advised on purchases Tetra Technologies, Inc. /Offshore Services Division from TETRA Technologies, Inc.

Co-Head, M&A Practice Group

Advised onSpartan Energy Partners LP, Silverhawk Capital Partners LLC purchase CSI Compressco LP from TETRA Technologies, Inc.

Advisors & Consultants
Advisor

Former General Counsel at TETRA Technologies, Inc.

Advisor

Chief Executive Officer at KCA DEUTAG Alpha Ltd.

Advisor

Former Senior Vice President at TETRA Technologies, Inc.

Clients

ConocoPhillips engages in the exploration, production, transportation and marketing of crude oil, bitumen, natural gas, natural gas liquids, and liquefied natural gas on a worldwide basis. It operates through the following geographical segments: Alaska; Lower 48; Canada; Europe, Middle East and North Africa; Asia Pacific; and Other International. The Alaska segment primarily explores for produces, transports and markets crude oil, natural gas and natural gas liquids. The Lower 48 segment consists of operations in the U.S. and the Gulf of Mexico. The Canada segment is comprised of oil sands development in the Athabasca Region of northeastern Alberta and a liquids-rich unconventional play in western Canada. The Europe, Middle East and North Africa segment consists of operations and exploration activities in Norway, the United Kingdom and Libya. The Asia Pacific segment has explorations and product operations in China, Indonesia, Malaysia and Australia. The Other International segment handles exploration activities in Columbia and Argentina. The company was founded in 1875 and is headquartered in Houston, TX.

Chevron is one of the world's leading integrated energy companies and conducts business worldwide. Our success is driven by our people and their commitment to get results the right way—by operating responsibly, executing with excellence, applying innovative technologies and capturing new opportunities for profitable growth. We are involved in virtually every facet of the energy industry. We explore for, produce and transport crude oil and natural gas; refine, market and distribute transportation fuels and lubricants; manufacture and sell petrochemical products; generate power and produce geothermal energy; provide energy efficiency solutions; and develop the energy resources of the future, including research for advanced biofuels.

Halliburton Co. engages in the provision of services and products to the energy industry related to the exploration, development and production of oil and natural gas. It operates through the following segments: Completion and Production and Drilling and Evaluation. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift and completion services. The Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation and wellbore placement solutions that enable customers to model, measure and optimize their well construction activities. The company was founded by Erle P. Halliburton in 1919 and is headquartered in Houston, TX.

Key Stats and Financials As of 2020
Market Capitalization
$415M
Total Enterprise Value
$368M
Earnings Per Share
$-0.41
Revenue
$378M
EBITDAMargin
7.81%
EBITDA
$29.5M
Total Equity
$71.1M
Net Profit
$-51.1M
Enterprise Value / Sales
0.97x
Enterprise Value EBITDAOperating
10.91x
TEVNet Income
-7.2x
Debt TEV
0.67x
Total Debt
$246M
Three Year Compounded Annual Growth Rate Of Revenue
-22.78%
Non-Profit Donations & Grants
Suppliers
Lanxess AG Plastics & Synthetics | Cologne, Germany

LANXESS AG is a holding company, which engages in the provision of specialty chemicals. It operates through the following segments: Advanced Intermediates, Specialty Additives, Performance Chemicals, High Performance Materials, and Arlanxeo. The Advanced Intermediates segment consists of industrial chemical intermediates and a key player in the custom synthesis, and manufacturing of chemical precursors and specialty active ingredients. The Specialty Additives segment focuses on specialty additive chemicals. The Performance Chemicals segment covers application-oriented process, and functional chemicals operations. The High Performance Materials segment represents plastic activities in the engineering materials. The Arlanxeo segment refers to synthetic rubber activities. The company was founded on July 1, 2004 and is headquartered in Cologne, Germany.

Shenzhen Mason Technologies Co., Ltd. Electrical Products | Shenzhen, China

Shenzhen Mason Technologies Co., Ltd. engages in the manufacture, design, and sale of light-emitting diode (LED) lights. Its products include LED light bulbs, LED spotlights, LED light tubes, LED downlights, LED table lamps, LED light bars, LED strip lights, and LED street lights. The company was founded on December 13, 2002 and is headquartered in Shenzhen, China.

Competitors
Occidental Petroleum Corporation Oil & Gas - Houston, Texas

Occidental is an international energy company with operations in the United States, Middle East, Africa and Latin America. We are one of the largest oil producers in the U.S., including a leading producer in the Permian and DJ basins, and offshore Gulf of Mexico. Our midstream and marketing segment provides flow assurance and maximizes the value of our oil and gas. Our chemical subsidiary OxyChem manufactures the building blocks for life-enhancing products. Our Oxy Low Carbon Ventures subsidiary is advancing leading-edge technologies and business solutions that economically grow our business while reducing emissions. We are committed to using our global leadership in carbon dioxide management to advance a lower-carbon world.??

Halliburton Company Oil & Gas - Houston, Texas

Halliburton Co. engages in the provision of services and products to the energy industry related to the exploration, development and production of oil and natural gas. It operates through the following segments: Completion and Production and Drilling and Evaluation. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift and completion services. The Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation and wellbore placement solutions that enable customers to model, measure and optimize their well construction activities. The company was founded by Erle P. Halliburton in 1919 and is headquartered in Houston, TX.

Schlumberger Ltd. Oil & Gas - Houston, TX

Corporate profile: Schlumberger Knowledge, technical innovation and teamwork are at the center of who we are. For more than 80 years, we have focused on leveraging these assets to deliver solutions that improve customer performance. Today, our real-time technology services and solutions enable customers to translate acquired data into useful information, then transform this information into knowledge for improved decision making-anytime, anywhere. Harnessing information technology in this way offers enormous opportunities to enhance efficiency and productivity. This is a quantum leap from providing traditional 'just-in-case' information to delivering 'just-in-time' knowledge that meets the changing needs of our customers

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