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.

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Select Energy Services excels in 2022, eyes sustainable growth

Select Energy Services delivered a stellar financial performance in 2022, marked by robust revenue and EBITDA growth. The company's strategic focus on sustainability, technology, and acquisitions bodes well for future growth. With a strong revenue mix, operational efficiency initiatives, and a dividend announcement, Select is poised for continued success in 2023.

Select Energy Services excels in Q1, eyes sustainable growth

Select Energy Services delivered a strong Q1 performance with revenue and EBITDA growth, improved margins, and strategic capital allocation plans.
The company's focus on water sustainability, integrated solutions, and operational efficiency underscores its commitment to industry leadership and long-term growth.
While facing challenges in reducing accounts receivable and credit facility borrowings, Select Energy Services is well-positioned to capitalize on opportunities for revenue expansion and margin enhancement.

Select Water Solutions reports strong Q2 earnings amidst growth opportunities

Select Water Solutions showed strong financial performance in Q2 2023 with increased net income and EBITDA.
Challenges include revenue decline, adapting to new delivery methods, and operational excellence focus for 2023.
Opportunities lie in accelerating demand, geographic expansion, and efficiency improvements across segments.
Overall, the company's focus on profitability, efficiency, and technology positions it well for growth and success.

Select Water Solutions reports robust Q3 performance and growth outlook

Select Water Solutions delivered strong financial performance with a focus on cash flow generation and operational efficiency.
The company's growth prospects are bolstered by strategic opportunities, shareholder returns, and infrastructure investments.
Challenges include revenue declines in certain segments and transitioning towards increased production revenue.
Opportunities lie in evaluating new contracts, improving margins, and leveraging industry consolidation for growth.

Select Energy Services reports record 2023 results, eyes strong 2024 growth

Select Water Solutions delivered robust financial results in 2023, focusing on infrastructure growth and profitability. The company's strategic initiatives aim to drive revenue growth, enhance free cash flow generation, and capture value through sustainable operations. Despite challenges in the industry, Select is well-positioned to capitalize on growth opportunities.

Select Water Solutions excels in Q1, eyes growth opportunities

Select Water Solutions is on track to achieve 2024 targets with a focus on revenue and profitability growth.
The company's strong performance, strategic acquisitions, and margin improvements position it well for future success.
Balancing challenges in specialty applications and cash flow priorities with growth opportunities will be key for sustained success.

Select Water Solutions reports robust Q2 performance and eyes growth

Select Energy Services' Q2 2024 earnings call highlighted strong financial and operational results, with a focus on improving margins, driving revenue growth, and strategic acquisitions. Management emphasized a balanced growth approach, addressing challenges in revenue and margins while eyeing opportunities for expansion and market capture.

Select Energy Services (WTTR) reports robust Q3 performance and eyes future growth opportunities

Select Energy Services (WTTR) delivered strong financial results in Q3, driven by margin improvement and revenue growth.
While facing challenges in Q4, the company remains focused on maintaining high margins and generating free cash flow.
Opportunities lie in new projects, long-term contracts, and strategic investments for future growth.
Overall, WTTR's performance reflects a balanced approach to financial management and growth strategies.

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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 , 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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AbbVie Inc. (ABBV), Exxon Mobil Corporation (XOM), Kontoor Brands, Inc. (KTB), Select Water Solutions, Inc. (WTTR) and Macatawa Bank Corporation (MCBC) recently hiked dividends.

5 Solid Stocks to Watch That Recently Hiked Dividends

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

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

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.

Select Water Solutions, Inc. (WTTR) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

HOUSTON , July 19, 2023 /PRNewswire/ -- Select Water Solutions, Inc. (NYSE: WTTR) today announced that it will release second quarter 2023 financial results on Wednesday, August 2, 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 Thursday, August 3, 2023 at 11:00 a.m.

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

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2022 Sustainability Report marks significant milestone for Select, as the first year the Company is publicly releasing its Scope 1 and Scope 2 emissions data In 2022 Select treated or recycled 17.7 billion gallons of water, on a pro forma basis for recent acquisitions, a 101% increase from 2021 Select meaningfully exceeded the initial annual water recycling and employee safety targets embedded in the Company's sustainability-linked credit facility for 2022 by 118% and 49%, respectively HOUSTON , July 12, 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 the release of its 2022 Sustainability Report, the second annual report from the Company. John Schmitz, Chairman of the Board, President and CEO, stated, "Select is committed to providing sustainable full-life-cycle water and chemical solutions to our customers, and we welcome the opportunity to provide details on our ESG initiatives and environmental stewardship with our second annual Sustainability Report.

SELECT WATER SOLUTIONS ANNOUNCES RELEASE OF 2022 SUSTAINABILITY REPORT

Select Water Solutions provides comprehensive water management and chemical solutions to the U.S. oil and gas industry, with a focus on sustainability and advanced technology. The company operates through three primary segments: Water Services, Water Infrastructure, and Oilfield Chemicals, and uses proprietary technology to improve efficiency and reduce environmental impact. Despite a highly competitive market, Select Water Solutions' financial performance, broad range of services, and focus on sustainability make it a compelling investment opportunity.

News for Select Energy Services Stock (WTTR)