Select Energy Services

Select Energy Services Inc. engages in the provision of water management and chemical solutions. It operates through the following business segments: Water Services, Oilfield Chemicals, and Water Infrastructure. The Water Services segment consists of services businesses, including water transfer, flowback and well testing, fluids hauling, water containment and water network automation, primarily serving E&P companies. The Oilfield Chemicals segment develops, manufactures and provides a full suite of chemicals utilized in hydraulic fracturing, stimulation, cementing and well completions, including polymer slurries, crosslinkers, friction reducers, buffers, breakers, and other chemical technologies, to pressure pumping service companies. The Water Infrastructure segment provides water sourcing, recycling, gathering, transferring and disposal of water. The company was founded on November 21, 2016 and is headquartered in Houston, TX.

Earnings data Q2 2021

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Earnings data Q1 2024

WTTR reports strong Q1 2023 earnings and reactivates share repurchase program

WTTR's Q1 2023 performance showcased strong revenue growth and improved margins across all segments. The company is focused on unlocking cash, expanding recycling facilities, and becoming a leader in sustainable water solutions. With a reactivated share repurchase program and a strong outlook for growth, WTTR is poised for continued success.

Select Water Solutions reports strong Q2 performance and eyes expansion

Select Water Solutions demonstrated strong financial performance and a focus on operational efficiency in Q2 2023. While facing challenges related to revenue decline and potential CapEx uncertainty, the company is well-positioned to capitalize on opportunities for expansion and diversification.

WTTR reports strong Q3 cash flow, eyes growth in recycling solutions and industry consolidation

WTTR's Q3 2023 performance showcased strong cash flow but faced challenges in certain segments. However, the company's focus on growth opportunities in the Permian basin, recycling solutions, and industry consolidation presents promising prospects for the future.

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Select Water Solutions, Inc. engages in the provision of water management and chemical solutions. It operates through the following business segments: Water Services, Oilfield Chemicals, and Water Infrastructure. The Water Services segment consists of services businesses, including water transfer, flowback and well testing, fluids hauling, water containment and water network automation, primarily serving E&P companies. The Oilfield Chemicals segment develops, manufactures and provides a full suite of chemicals utilized in hydraulic fracturing, stimulation, cementing and well completions, including polymer slurries, crosslinkers, friction reducers, buffers, breakers, and other chemical technologies, to pressure pumping service companies. The Water Infrastructure segment provides water sourcing, recycling, gathering, transferring and disposal of water. The company was founded on November 21, 2016 and is headquartered in Houston, TX.

HOUSTON , April 24, 2024 /PRNewswire/ -- Select Water Solutions, Inc. (NYSE: WTTR) ("Select" or the "Company"), a leading provider of sustainable water and chemical solutions to the energy industry, today announced that its Board of Directors declared a quarterly cash dividend of $0.06 per share of Class A common stock, to be paid on May 15, 2024, to holders of record as of the close of business on May 3, 2024. A comparable distribution of $0.06 per unit has also been approved to the unitholders of SES Holdings, LLC, which will be subject to the same payment and record dates.

SELECT WATER SOLUTIONS ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.06 PER SHARE

HOUSTON , April 22, 2024 /PRNewswire/ -- Select Water Solutions, Inc. (NYSE: WTTR) today announced that it will release 2024 first quarter financial results on Tuesday, April 30, 2024 after the market closes.  In conjunction with the release, the Company has scheduled a conference call, which will also be broadcast live over the Internet, on Wednesday, May 1, 2024 at 11:00 a.m.

SELECT WATER SOLUTIONS ANNOUNCES 2024 FIRST QUARTER EARNINGS RELEASE AND CONFERENCE CALL SCHEDULE

HOUSTON , March 4, 2024 /PRNewswire/ -- Select Water Solutions, Inc. (NYSE: WTTR) ("Select" or the "Company"), a leading provider of sustainable water and chemical solutions to the energy industry, today announced the appointment of Chris George as Executive Vice President and Chief Financial Officer, effective immediately. The Company also announced that it expects to enter into a separation agreement with Nick Swyka, formerly Senior Vice President and Chief Financial Officer.

SELECT WATER SOLUTIONS ANNOUNCES CFO TRANSITION

Select Water Solutions, Inc. (WTTR) Q4 2023 Earnings Call Transcript

Although the revenue and EPS for Select Water Solutions, Inc. (WTTR) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Select Water Solutions, Inc. (WTTR) Reports Q4 Earnings: What Key Metrics Have to Say

Generated full year 2023 consolidated revenue of $1.6 billion, up 14% year-over-year Water Infrastructure generated full year 2023 revenues of $230.0 million, up 84% year-over-year Delivered full year 2023 operating cash flows of $285.4 million, up $252 million year-over-year Returned $86.7 million of capital to shareholders during full year 2023 including $61.8 million of Class A share repurchases and $24.9 million of dividends and distributions Announces four new business development projects backed by long-term contracts in the Permian, Northeast and Bakken regions, including the Thompson Pipeline, an approximately $25 million distribution pipeline system in the Bakken backed by a 225,000 acre leasehold dedication HOUSTON , Feb. 20, 2024 /PRNewswire/ -- Select Water Solutions, Inc. (NYSE: WTTR) ("Select" or the "Company"), a leading provider of sustainable water and chemical solutions, today announced its financial and operating results for the quarter and year ended December 31, 2023. John Schmitz, Chairman of the Board, President and CEO, stated, "The fourth quarter concluded a record-setting year for Select, with full year 2023 consolidated revenue, net income, adjusted EBITDA and operating cash flow all reaching record highs for the Company.

SELECT WATER SOLUTIONS ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS AND OPERATIONAL UPDATES

Besides Wall Street's top -and-bottom-line estimates for Select Water Solutions, Inc. (WTTR), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.

What Analyst Projections for Key Metrics Reveal About Select Water Solutions, Inc. (WTTR) Q4 Earnings

During January 2024, Select closed on three strategic infrastructure acquisitions across East Texas and the Rockies region for approximately $90 million of aggregate cash consideration Acquired the gathering and disposal assets and operations of Tri-State Water Logistics, LLC, a leading provider of saltwater disposal solutions in the Haynesville Shale Acquired fluids and solids treatment and disposal assets and operations of Iron Mountain Energy LLC, which is a leading provider of fluids and solids disposal solutions in the Haynesville Shale Acquired produced water gathering and disposal infrastructure and additional permitted disposal and recycling capacity in the Rockies region  HOUSTON , Jan. 30, 2024 /PRNewswire/ -- Select Water Solutions, Inc. (NYSE: WTTR) ("Select" or the "Company"), a leading provider of sustainable water and chemical solutions to the energy industry, today announced the acquisition of strategic water infrastructure assets in the Haynesville Shale and Rockies regions for approximately $90 million of aggregate cash consideration. These acquisitions will add approximately 450,000 barrels per day of permitted disposal capacity to Select's Water Infrastructure segment across 21 active saltwater disposal wells, two slurry injection wells, a solids treatment facility and a number of approved permits for additional recycling and disposal facility development.

SELECT WATER SOLUTIONS ANNOUNCES MULTIPLE STRATEGIC INFRASTRUCTURE ACQUISITIONS

HOUSTON, Jan. 29, 2024 /PRNewswire/ -- Select Water Solutions, Inc. (NYSE: WTTR) ("Select" or the "Company"), a leading provider of sustainable water and chemical solutions to the energy industry, today announced that its Board of Directors declared a quarterly cash dividend of $0.06 per share of Class A common stock, to be paid on February 20, 2024, to holders of record as of the close of business on February 7, 2024. A comparable distribution of $0.06 per unit has also been approved to the unitholders of SES Holdings, LLC, which will be subject to the same payment and record dates.

SELECT WATER SOLUTIONS ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.06 PER SHARE AND 2023 FOURTH QUARTER EARNINGS RELEASE AND CONFERENCE CALL SCHEDULE

Select Water Solutions, Inc. (WTTR) Q3 2023 Earnings Call Transcript

The headline numbers for Select Water Solutions, Inc. (WTTR) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Select Water Solutions, Inc. (WTTR) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Generated consolidated revenue of $389 million during the third quarter of 2023, up 4% year-over-year as compared to the third quarter of 2022 Water Infrastructure generated revenues of $58.4 million, an 86% increase year-over-year as compared to the third quarter of 2022 Delivered $118.2 million of operating cash flows during the third quarter of 2023 Announced multiple new contracted infrastructure projects expanding upon existing systems in the Northern Delaware Basin and Haynesville Shale HOUSTON , Oct. 31, 2023 /PRNewswire/ -- Select Water Solutions, Inc. (NYSE: WTTR) ("Select" or the "Company"), a leading provider of sustainable water and chemical solutions, today announced its financial and operating results for the quarter ended September 30, 2023. John Schmitz, Chairman of the Board, President and CEO, stated, "During the third quarter, we delivered strong operating cash flows, ending the quarter with a debt-free balance sheet once again.

SELECT WATER SOLUTIONS ANNOUNCES THIRD QUARTER 2023 FINANCIAL RESULTS AND OPERATIONAL UPDATES

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HOUSTON , Oct. 26, 2023 /PRNewswire/ -- Select Water Solutions, Inc. (NYSE: WTTR) ("Select" or the "Company"), a leading provider of sustainable water and chemical solutions to the energy industry, today announced that its Board of Directors declared a quarterly cash dividend of $0.06 per share of Class A common stock, to be paid on November 17, 2023, to holders of record as of the close of business on November 7, 2023. A comparable distribution of $0.06 per unit has also been approved to the unitholders of SES Holdings, LLC, which will be subject to the same payment and record dates.

SELECT WATER SOLUTIONS ANNOUNCES 20% INCREASE TO QUARTERLY CASH DIVIDEND, TO $0.06 PER SHARE

HOUSTON , Oct. 18, 2023 /PRNewswire/ -- Select Water Solutions, Inc. (NYSE: WTTR) today announced that it will release 2023 third quarter financial results on Tuesday, October 31, 2023 after the market closes. In conjunction with the release, the Company has scheduled a conference call, which will also be broadcast live over the Internet, on Wednesday, November 1, 2023 at 11:00 a.m.

SELECT WATER SOLUTIONS ANNOUNCES 2023 THIRD QUARTER EARNINGS RELEASE AND CONFERENCE CALL SCHEDULE

Select Water Solutions focuses on water infrastructure and treatment services in the oil and gas industry, contributing to environmental sustainability. Over the past six quarters, the company has completed 12 acquisitions, adding substantial revenue. They have effectively reduced the risks associated with acquisitions and aim to maintain a debt-free balance sheet. The company currently trades at an attractive P/E ratio of 12.6x earnings, with the potential for further improvement as they optimize acquisitions and apply cost reductions.

Select Water Solutions: An Undervalued And Overlooked Way To Play The Oil Sector

Select Water Solutions, Inc. provides water management services to oil & gas companies in the U.S. The company may benefit from increased return of capital to shareholders. The stock appears undervalued and has potential for growth in the medium term.

Select Water Solutions Consolidates Operations For Greater Capital Efficiency

HOUSTON , Aug. 14, 2023 /PRNewswire/ -- Select Water Solutions, Inc. (NYSE: WTTR) ("Select"), a leading provider of sustainable water and chemical solutions to the energy industry, and Endeavor Energy Resources, LP ("Endeavor"), one of the largest private exploration and production companies in the United States, announce the completion of one of the largest recycled produced water jobs recorded in Texas' Midland Basin. The four-fleet Endeavor project, located in Martin County, Texas, achieved recycling and delivery rates up to 300,000 barrels of water per day.

SELECT WATER SOLUTIONS, INC. AND ENDEAVOR ENERGY RESOURCES, LP COMPLETE ONE OF THE LARGEST RECYCLED WATER JOBS RECORDED IN THE MIDLAND BASIN

HOUSTON , Aug. 10, 2023 /PRNewswire/ -- Select Water Solutions, Inc. (NYSE: WTTR) ("Select" or the "Company"), a leading provider of sustainable water and chemical solutions to the energy industry, today announced its upcoming investor conference schedule for the remainder of the third quarter of 2023. Select's senior management will be participating in several upcoming investor conferences as outlined below.

SELECT WATER SOLUTIONS ANNOUNCES UPCOMING INVESTOR CONFERENCE SCHEDULE

Select Water Solutions, Inc. (NYSE:WTTR ) Q2 2023 Earnings Call Transcript August 3, 2023 11:00 AM ET Company Participants Chris George - SVP, Corporate Development, IR & Sustainability John Schmitz - Founder, Chairman, President & CEO Nick Swyka - SVP & CFO Michael Skarke - EVP & COO Conference Call Participants Jim Rollyson - Raymond James Luke Lemoine - Piper Tom Curran - Seaport Global Securities John Daniel - Daniel Energy Partners Jeff Robertson - Water Tower Research Operator Greetings and welcome to the Select Water Solutions Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Select Water Solutions, Inc. (WTTR) Q2 2023 Earnings Call Transcript

Although the revenue and EPS for Select Water Solutions, Inc. (WTTR) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Select Water Solutions, Inc. (WTTR) Reports Q2 Earnings: What Key Metrics Have to Say

Select Water Solutions, Inc. (WTTR) came out with quarterly earnings of $0.20 per share, missing the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.13 per share a year ago.

Select Water Solutions, Inc. (WTTR) Lags Q2 Earnings and Revenue Estimates

Generated revenue of $405 million during the second quarter of 2023, up 20% year-over-year as compared to the second quarter of 2022 On a year-over-year basis, net income increased 55% to $22.6 million and Adjusted EBITDA improved 47% to $69.8 million during the second quarter of 2023 Delivered $102.0 million of operating cash flows, supported by significant working capital reductions Returned $44.6 million to shareholders through quarterly cash dividends and share repurchases, repurchasing approximately 5% of outstanding Class A shares during the second quarter of 2023 During the second quarter, Select realigned its reportable segments to better reflect how its businesses are managed and provide enhanced visibility into each business' financial performance HOUSTON , Aug. 2, 2023 /PRNewswire/ -- Select Water Solutions, Inc. (NYSE: WTTR) ("Select" or the "Company"), a leading provider of sustainable water and chemical solutions, today announced its financial and operating results for the quarter ended June 30, 2023. John Schmitz, Chairman of the Board, President and CEO, stated, "The second quarter saw solid margin improvement resulting from our continued focus on operational integration and improved efficiency across the business.

SELECT WATER SOLUTIONS ANNOUNCES SECOND QUARTER 2023 FINANCIAL RESULTS AND OPERATIONAL UPDATES

HOUSTON , July 27, 2023 /PRNewswire/ -- Select Water Solutions, Inc. (NYSE: WTTR) ("Select" or the "Company"), a leading provider of sustainable water and chemical solutions to the energy industry, today announced that its Board of Directors declared a quarterly cash dividend of $0.05 per share of Class A common stock, to be paid on August 17, 2023, to holders of record as of the close of business on August 7, 2023. A comparable distribution of $0.05 per unit has also been approved to the unitholders of SES Holdings, LLC, which will be subject to the same payment and record dates.

SELECT WATER SOLUTIONS ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.05 PER SHARE

Select Water Solutions, Inc. (WTTR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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