Tetra Technologies Inc Dossier
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SectorIndustrials IndustryConglomerates Beta (adjusted)1.17 Intrinsic Value $3.77median of 6 methods · middle span $2-$6based on filings through 30 Jun 2026 Market Price $5.87Price as of 30 Sep 2026 OvervaluedIntrinsic value is 36% below the market price −50% · IV below pricenear fair value ±15%IV above price · +50% Data confidence Sign in to view data confidence Market Cap $869.2M Enterprise Value $889.8M Shares Outstanding 140.7M diluted Moat Rating None Next Earnings Date2 Nov 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary TETRA Technologies, Inc. (NYSE: TTI) presents a compelling transition story from a traditional oilfield services provider to a vertically integrated specialty chemicals and critical minerals player. The company's core Completion Fluids & Products division maintains a strong competitive moat as one of only three global suppliers of high-density clear brine completion fluids. The conditional approval of the Final Investment Decision (FID) for the Evergreen Project (Arkansas Bromine Facility) in May 2026 secures long-term feedstock supply and positions TETRA to capture high-growth opportunities in deepwater completion fluids and utility-scale battery energy storage systems (BESS). While near-term capital expenditures are elevated, the recent $100 million equity raise strengthens the balance sheet to fund these strategic initiatives. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$11.50 Mean target$13.13 High · most bullish analyst$14.00 Street targets sit above today's price; our intrinsic value sits below it. Different horizons, different questions. Our research · scenarios, merits, risks, and invalidation triggersResearch as of 18 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario The bear case reflects potential delays or cost overruns in the construction of the Evergreen Project, prolonged weakness in U.S. onshore drilling activity impacting the Water & Flowback Services segment, or dilutive financing actions that pressure earnings per share. Base CaseCentral scenario The base case assumes steady execution of the Evergreen Project with first production in early 2028, maintaining completion fluid margins in the 25%-30% range. Consolidated revenue is expected to grow in the single digits for FY2026, supported by international expansion in Argentina (Vaca Muerta) and increased demand for zinc-free completion fluids (CS Neptune) in deepwater markets. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
Thesis Invalidation Triggers
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |