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 Q1 2021

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Earnings data Q4 2024

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.

Nuverra Environmental Solutions

Revenue of $294.8 million generated during the first quarter of 2022, up 16% sequentially from the fourth quarter of 2021 Net income of $8.0 million and Adjusted EBITDA of $32.2 million during the first quarter of 2022 Repurchased 2.3 million shares of Class A common stock in the open market for $16.4 million in the first quarter of 2022 Closed on the acquisition of Nuverra Environmental Solutions, Inc. (NYSE American: NES) ("Nuverra") Closed on $270 million sustainability-linked credit facility with innovative pricing structure prioritizing increased recycled water volumes and delivering superior employee safety performance Issued its 2021 Sustainability Report, the Company's inaugural report HOUSTON , May 3, 2022 /PRNewswire/ -- Select Energy Services, Inc. (NYSE: WTTR) ("Select" or the "Company"), a leading provider of sustainable water and chemical solutions to the U.S. unconventional oil and gas industry, today announced its financial results for the first quarter ended March 31, 2022. John Schmitz, Chairman of the Board, President and CEO, stated, "Overall, I'm very pleased with our first quarter performance and the continued progress we've made in executing our strategy to improve and bolster the base business, advance our technology, ESG and diversification efforts, and execute on strategic M&A.

SELECT ENERGY SERVICES REPORTS FIRST QUARTER 2022 FINANCIAL RESULTS AND PROVIDES OPERATIONAL UPDATE

HOUSTON , April 28, 2022 /PRNewswire/ -- Select Energy Services, Inc. (NYSE: WTTR) ("Select" or the "Company"), a leading provider of sustainable water and chemical solutions to the U.S. unconventional oil and gas industry, today announced the release of its 2021 Sustainability Report, the inaugural report for the Company. John Schmitz, Chairman of the Board, President and CEO, stated, "At Select, we take our leadership in providing sustainable full-life-cycle water and chemical solutions seriously, and embrace additional transparency and accountability as we work to expand this leading position.

SELECT ENERGY SERVICES ANNOUNCES ISSUANCE OF INAUGURAL SUSTAINABILITY REPORT

HOUSTON , April 22, 2022 /PRNewswire/ -- Select Energy Services, Inc. (NYSE: WTTR) today announced that it will release first quarter 2022 financial results on Tuesday, May 3, 2022 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 4, 2022 at 11:00 a.m.

SELECT ENERGY SERVICES ANNOUNCES 2022 FIRST QUARTER EARNINGS RELEASE AND CONFERENCE CALL SCHEDULE

HOUSTON, March 21, 2022 (GLOBE NEWSWIRE) -- Superior Energy Services, Inc. (the “Company”) filed its Form 10-K for the period ending December 31, 2021 on March 21, 2022. In accordance with the Company's Shareholders Agreement, it will host a conference call with shareholders on Friday, March 25, 2022.

Superior Energy Services Announces Fourth Quarter and Full Year 2021 Results and Conference Call

Sustainability-Linked Loan Facility extended through March 2027, providing up to $270 million of asset-based liquidity Innovative pricing structure prioritizes increasing recycled water volumes and delivering superior employee safety performance Demonstrates Select's commitment to partnering with customers to provide sustainable water recycling and reuse solutions in a safety-focused environment HOUSTON , March 17, 2022 /PRNewswire/ -- Select Energy Services, Inc. (NYSE: WTTR) ("Select" or "the Company"), a leading provider of sustainable full life cycle water and chemical solutions to the U.S. unconventional oil and gas industry, today announced that it has successfully transitioned its existing Asset-Backed Loan facility into a Sustainability-Linked Loan facility, while extending the facility through March of 2027. Under the terms of the amended facility, Select will receive pricing benefits for achieving ambitious targets associated with escalating volumes of produced water recycled through its fixed facilities and operating substantially more safely than industry peers, or pay higher fees for failing to hit those targets.

SELECT ENERGY SERVICES ENHANCES ITS FINANCIAL STRENGTH AND SUSTAINABILITY LEADERSHIP THROUGH EXTENSION OF CREDIT FACILITY WITH SUSTAINABILITY-LINKED PRICING

Select Energy Services' (WTTR) CEO John Schmitz on Q4 2021 Results - Earnings Call Transcript

HOUSTON, Feb. 23, 2022 /PRNewswire/ -- Select Energy Services, Inc. (NYSE: WTTR) ("Select" or the "Company") today announced the completion of its previously announced acquisition of Nuverra Environmental Solutions, Inc. ("Nuverra") (NYSE American: NES). The terms of agreement were approved by Nuverra's two largest stockholders, Ascribe II Investments, LLC, Ascribe III Investments, LLC (together with Ascribe II Investments, LLC, "Ascribe") and Gates Capital Management, Inc. ("Gates"), which together owned approximately 84% of Nuverra's outstanding common stock.

SELECT ENERGY SERVICES COMPLETES ACQUISITION OF NUVERRA ENVIRONMENTAL SOLUTIONS

Select Energy Services (WTTR) delivered earnings and revenue surprises of -40% and 10.89%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Select Energy Services (WTTR) Reports Q4 Loss, Tops Revenue Estimates

HOUSTON, Feb. 22, 2022 /PRNewswire/ -- Select Energy Services, Inc. (NYSE: WTTR) ("Select" or the "Company"), a leading provider of sustainable water and chemical solutions to the U.S. unconventional oil and gas industry, today announced its financial results for the quarter and fiscal year ended December 31, 2021. Consolidated Financial Information Revenue for the fourth quarter of 2021 was $255.1 million as compared to $204.6 million in the third quarter of 2021 and $133.3 million in the fourth quarter of 2020.

SELECT ENERGY SERVICES REPORTS FOURTH QUARTER AND FISCAL YEAR 2021 FINANCIAL RESULTS AND OPERATIONAL UPDATES

Select Energy Services (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 Energy Services (WTTR) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

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Invest in Theravance Biopharma (TBPH), PattersonUTI Energy (PTEN) & Select Energy Services (WTTR) at the moment for superb earnings acceleration.

3 Best Stocks to Buy Right Away for Earnings Acceleration

HOUSTON, Feb. 7, 2022 /PRNewswire/ -- Select Energy Services, Inc. (NYSE: WTTR) today announced that it will release fourth quarter and full-year 2021 financial results on Tuesday, February 22, 2022 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, February 23, 2022 at 11:00 a.m.

SELECT ENERGY SERVICES ANNOUNCES 2021 FOURTH QUARTER EARNINGS RELEASE AND CONFERENCE CALL SCHEDULE

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Invest in Veoneer (VNE), PattersonUTI Energy (PTEN) & Select Energy Services (WTTR) now since they possess superb earnings acceleration.

3 Best Stocks to Buy for Solid Earnings Acceleration

HOUSTON, Jan. 25, 2022 /PRNewswire/ -- Select Energy Services, Inc. ("Select") (NYSE: WTTR) and Nuverra Environmental Solutions, Inc. ("Nuverra") (NYSE American: NES) today announced that following the Securities and Exchange Commission declaring effective the Registration Statement on Form S-4 (the "Registration Statement") on January 19, 2022, the two largest Nuverra stockholders have delivered their written consents to approve and adopt the merger agreement among Nuverra, Select and wholly owned subsidiaries of Select. These stockholders, Ascribe II Investments, LLC, Ascribe III Investments, LLC (together with Ascribe II Investments, LLC, "Ascribe") and Gates Capital Management, Inc. ("Gates"), own approximately 84% of Nuverra's outstanding common stock.

SELECT ENERGY SERVICES ANNOUNCES RECEIPT OF CONSENTS TO THE ACQUISITION OF NUVERRA ENVIRONMENTAL SOLUTIONS FROM MAJORITY STOCKHOLDERS

Nuverra Environmental (NES) stock is surging higher on Monday following news of a massive deal with Select Energy Services (WTTR). The post NES, WTTR: The Deal That Has Penny Stock Nuverra Environmental Solutions Skyrocketing Today appeared first on InvestorPlace.

NES, WTTR: The Deal That Has Penny Stock Nuverra Environmental Solutions Skyrocketing Today

HOUSTON, Dec. 13, 2021 /PRNewswire/ -- Select Energy Services, Inc. (NYSE: WTTR) ("Select" or "the Company"), a leading provider of sustainable full life cycle water and chemical solutions to the U.S. unconventional oil and gas industry, today announced that it has entered into an agreement to acquire Nuverra Environmental Solutions, Inc. (NYSE American: NES) ("Nuverra") for total consideration of approximately $45 million, including the assumption of approximately $20 million of long-term debt, net of cash. Under the terms of the agreement, Nuverra stockholders will receive approximately 4.2 million shares of Select Class A common stock in exchange for all outstanding shares of Nuverra.

SELECT ENERGY SERVICES ENTERS INTO DEFINITIVE AGREEMENT TO ACQUIRE NUVERRA ENVIRONMENTAL SOLUTIONS AND CLOSES ON THE ACQUISITION OF THE U.S. ONSHORE ASSETS OF HB RENTALS

HOUSTON, Dec. 02, 2021 (GLOBE NEWSWIRE) -- Superior Energy Services, Inc. (the “Company”) filed its Form 10-Q for the period ending September 30, 2021 on December 2, 2021. In accordance with the Company's Shareholders Agreement, it will host a conference call with shareholders on Monday, December 6, 2021.

Superior Energy Services Announces Third Quarter 2021 Results and Conference Call

Select Energy Services, Inc. (WTTR) CEO John Schmitz on Q3 2021 Results - Earnings Call Transcript

Select Energy Services (WTTR) delivered earnings and revenue surprises of -100.00% and 4.25%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Select Energy Services (WTTR) Reports Q3 Loss, Tops Revenue Estimates

HOUSTON, Nov. 2, 2021 /PRNewswire/ -- Select Energy Services, Inc. (NYSE: WTTR) ("Select" or the "Company"), a leading provider of sustainable water and chemical solutions to the U.S. unconventional oil and gas industry, today announced results for the quarter ended September 30, 2021. Revenue for the third quarter of 2021 was $204.6 million as compared to $161.1 million in the second quarter of 2021 and $101.2 million in the third quarter of 2020.

Select Energy Services Reports Third Quarter 2021 Financial Results And Operational Updates

HOUSTON, Oct. 21, 2021 /PRNewswire/ -- Select Energy Services, Inc. (NYSE: WTTR) today announced that it will release third quarter 2021 financial results on Tuesday, November 2, 2021 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 3, 2021 at 11:00 a.m.

Select Energy Services Announces 2021 Third Quarter Earnings Release And Conference Call Schedule

HOUSTON, Oct. 4, 2021 /PRNewswire/ -- Select Energy Services, Inc. (NYSE: WTTR) ("Select" or "the Company"), a leading provider of sustainable water and chemical solutions to the U.S. unconventional oil and gas industry, today announced that, effective October 1, 2021, it has successfully closed on the acquisition of substantially all of the assets of Agua Libre Midstream, LLC ("Agua Libre") and certain water-related assets and operations of Basic Energy Services, L.P. ("Basic") and assumed liabilities in connection therewith, in each case pursuant to the terms of the stalking horse asset purchase agreement previously entered into with Basic and Agua Libre and following approval by the U.S. Bankruptcy Court for the Southern District of Texas on September 23, 2021 pursuant to Section 363 of the U.S. Bankruptcy Code.

Select Energy Services Closes Acquistion Of Agua Libre Midstream And Other Water Related Assets From Basic Energy Services

Select Energy is wheeling and dealing in the water management, stimulation chemicals, and ESG space. So far we like most of what we see.

Select Energy Services: Several New Acquisitions And A Big Idea

SELECT EGY SVCS (WTTR) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.

Strength Seen in SELECT EGY SVCS (WTTR): Can Its 7.6% Jump Turn into More Strength?

HOUSTON, Aug. 17, 2021 /PRNewswire/ -- Select Energy Services, Inc. (NYSE: WTTR) ("Select" or "the Company"), a leading provider of sustainable water and chemical solutions to the U.S. unconventional oil and gas industry, today announced that it has entered into an asset purchase agreement for the acquisition of substantially all of the assets of Agua Libre Midstream, LLC and other water-related assets, operations and assumed liabilities (together "Agua Libre") from Basic Energy Services, Inc. ("Basic"). The asset purchase agreement constitutes a "stalking horse" bid in a sale process being conducted under Section 363 of Chapter 11 of the U.S. Bankruptcy Code.

Select Energy Services Enters Into "Stalking Horse" Asset Purchase Agreement To Acquire Agua Libre Midstream And Other Water Related Assets From Basic Energy Services

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