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 Q3 2024

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.

We think Select is underappreciated by the market for a variety of reasons. The company has been on a growth streak with 12 acquisitions in the last couple of years. New and accretive contracts are being reported each quarter.

Select Water Solutions: Beat The Smart Money For Once [Maintaining A Buy]

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HOUSTON , May 8, 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 the Company's stockholders approved an amendment and restatement (the "A&R Certificate") of the Company's Fourth Amended and Restated Certificate of Incorporation to, among other things, change the name of the Company from Select Energy Services, Inc. to Select Water Solutions, Inc. to reflect its strategic focus as a water-first company. The board of directors of the Company had recommended the name change proposal be placed in consideration at its 2023 Annual Meeting of Stockholders (the "Annual Meeting") held on May 4, 2023.

SELECT ENERGY SERVICES COMPLETES NAME CHANGE TO SELECT WATER SOLUTIONS

Select Energy Services, Inc. (NYSE:WTTR ) Q1 2023 Earnings Conference Call May 3, 2023 11:00 AM ET Company Participants Chris George - Senior Vice President, Corporate John Schmitz - Founder, Chairman, President and CEO Nick Swyka - SVP and CFO Michael Skarke - EVP and COO Conference Call Participants Jim Rollyson - Raymond James Don Crist - Johnson Rice Luke Lemoine - Piper Sandler Tom Curran - Seaport Research Partners Operator Greetings, and welcome to the Select Energy Services First Quarter Earnings Conference Call. At this time all participants are in listen-only mode.

Select Energy Services, Inc. (WTTR) Q1 2023 Earnings Call Transcript

Select Energy Services (WTTR) came out with quarterly earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.15 per share. This compares to loss of $0.02 per share a year ago.

Select Energy Services (WTTR) Lags Q1 Earnings Estimates

Generated revenue of $417 million during the first quarter of 2023, up 9% sequentially from the fourth quarter of 2022 Water Infrastructure segment generated revenue of $102 million during the first quarter of 2023, up 32% sequentially from the fourth quarter of 2022 Net income increased 81% sequentially to $13.7 million and Adjusted EBITDA improved 29% sequentially to $67.2 million during the first quarter of 2023 relative to the fourth quarter of 2022 Contracted multiple new infrastructure projects supported by long-term contracts in the Haynesville, Midcon and Rockies regions HOUSTON , May 2, 2023 /PRNewswire/ -- Select Energy Services, Inc. (NYSE: WTTR) ("Select" or the "Company"), a leading provider of sustainable water and chemical solutions to the energy industry, today announced its financial and operating results for the quarter ended March 31, 2023. John Schmitz, Chairman of the Board, President and CEO, stated "The first quarter represented a strong quarter of sequential earnings and revenue growth, most notably the 32% revenue growth in our Water Infrastructure segment, while we expanded margins across every business segment.

SELECT ENERGY SERVICES ANNOUNCES FIRST QUARTER 2023 FINANCIAL RESULTS AND OPERATIONAL UPDATES

While the strong performance from its key Water Services unit is likely to have boosted Select Energy Services' (WTTR) Q1 profit, escalation in costs might have offset some of the positives.

Select Energy (WTTR) Q1 Earnings Preview: Here's What to Watch

HOUSTON , April 25, 2023 /PRNewswire/ -- Select Energy Services, 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 May 17, 2023, to holders of record as of the close of business on May 5, 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 ENERGY SERVICES ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.05 PER SHARE

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) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

HOUSTON , April 19, 2023 /PRNewswire/ -- Select Energy Services, Inc. (NYSE: WTTR) today announced that it will release first quarter 2023 financial results on Tuesday, May 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 Wednesday, May 3, 2023 at 11:00 a.m.

SELECT ENERGY SERVICES ANNOUNCES 2023 FIRST QUARTER EARNINGS RELEASE AND CONFERENCE CALL SCHEDULE

Select Energy Services provides water management services to oil & gas exploration and production companies in the United States. The firm has made a number of acquisitions during a challenging period for the industry.

Select Energy Services Looks Well Positioned For 2023

Select Energy Services (WTTR) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Select Energy Services (WTTR) Soars 13.0%: Is Further Upside Left in the Stock?

HOUSTON , March 21, 2023 /PRNewswire/ -- Select Energy Services, 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 has authorized a new $50 million share repurchase program under which the Company may repurchase its outstanding shares of Class A common stock. This new authorization is in addition to the $8.6 million remaining outstanding under the Company's previous $25 million authorization, as of December 31, 2022.

SELECT ENERGY SERVICES ANNOUNCES NEW $50 MILLION SHARE REPURCHASE PROGRAM

Select Energy Services, Inc. (NYSE:WTTR ) Q4 2022 Earnings Conference Call February 22, 2023 11:00 AM ET Company Participants Chris George – Senior Vice President, Corporate John Schmitz – Founder, Chairman, President and Chief Executive Officer Nick Swyka – Senior Vice President and Chief Financial Officer Michael Skarke – Executive Vice President and Chief Operating Officer Conference Call Participants Luke Lemoine – Piper Sandler Tom Curran – Seaport Research Partners Jeff Robertson – Water Tower Research Shawn Boyd – Next Mark Capital Operator Greetings, and welcome to the Select Energy Services Fourth Quarter Earnings Conference Call. At this time all participants are in a listen-only mode.

Select Energy Services, Inc. (WTTR) Q4 2022 Earnings Call Transcript

Select Energy Services (WTTR) delivered earnings and revenue surprises of -69.57% and 1.60%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Select Energy Services (WTTR) Q4 Earnings and Revenues Miss Estimates

Select Energy Services, Inc. intends to become Select Water Solutions, Inc., further aligning the brand with the Company's vision to be the recognized leader and trusted partner in sustainable water management solutions Generated revenue of $1.4 billion for full year 2022 and $382 million during the fourth quarter of 2022, up 81% annually from 2021 and up 2% sequentially from the third quarter of 2022 Acquired strategic portfolio of Permian Basin water infrastructure, including water gathering, disposal, sourcing, storage and distribution assets from multiple parties Acquired joint venture interests in certain strategic recycling facilities in the Permian Basin from minority partners Announced significant new Delaware Basin recycling infrastructure project supported by multiple long-term contracts HOUSTON , Feb. 21, 2023 /PRNewswire/ -- Select Energy Services, Inc. (NYSE: WTTR) ("Select" or the "Company"), a leading provider of sustainable water and chemical solutions to the energy industry, today announced its intent to rename itself Select Water Solutions, Inc. and its successful completion of multiple water infrastructure acquisitions in the Permian Basin, as well as its financial and operating results for the full year and quarter ended December 31, 2022. John Schmitz, Chairman of the Board, President and CEO, stated "Over the last couple of years, Select has remained steadfastly focused on a strategy of building and bolstering the core water and chemicals businesses, advancing our technology, sustainability and diversification efforts, and executing on strategic M&A.

SELECT ENERGY SERVICES ANNOUNCES CORPORATE REBRANDING INITIATIVE, MULTIPLE NEW ACQUISITIONS AND REPORTS FOURTH QUARTER AND FULL YEAR 2022 FINANCIAL RESULTS AND OPERATIONAL UPDATES

Select Energy Services (WTTR) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Strength Seen in Select Energy Services (WTTR): Can Its 7.8% Jump Turn into More Strength?

HOUSTON , Feb. 8, 2023 /PRNewswire/ -- Select Energy Services, Inc. (NYSE: WTTR) today announced that it will release fourth quarter and full year 2022 financial results on Tuesday, February 21, 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, February 22, 2023 at 11:00 a.m.

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

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Select Energy Services, Inc. turned in solid number for Q3 2022, with EBITDA showing a 60% rise quarter-over-quarter. The company made two accretive transactions in 2022 without busting the balance sheet.

Select Energy Services: Fundamentals Support A Higher Price

Select Energy Services (WTTR) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Why Fast-paced Mover Select Energy Services (WTTR) Is a Great Choice for Value Investors

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Despite Fast-paced Momentum, Select Energy Services (WTTR) Is Still a Bargain Stock

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Select Energy Services (WTTR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

News for Select Energy Services Stock (WTTR)