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Select Water Solutions (NYSE: WTTR), a provider of sustainable water and chemical solutions for the energy industry, announced participation in the Water Tower Research Fireside Chat Series on May 22, 2024, at 11:00 a.m. Eastern Time. Key speakers will include John Schmitz, Chairman, President and CEO, and Chris George, EVP and CFO.
The event is open to all investors, who can register through a provided link. A replay of the webcast will be available afterward. This allows stakeholders to gain insights into the company's strategies and future outlook directly from top executives.
Select Water Solutions (NYSE: WTTR) and Occidental (NYSE: OXY) have achieved a significant milestone at their South Curtis Ranch facility in the Midland Basin, successfully treating and recycling over 50 million barrels of produced water since its inception in March 2021. This facility exemplifies sustainable water management by reducing freshwater consumption and waste, reflecting both companies' commitment to environmental stewardship. The achievement highlights the collaborative efforts and dedication of both teams to adopt long-term water recycling programs, providing economic value and environmental benefits to the community.
Select Water Solutions reported solid financial performance in the first quarter of 2024, with revenue of $367 million and an increase in Adjusted EBITDA. The company closed several strategic acquisitions, expanded its infrastructure projects, and executed multiple long-term contracts. Despite a slight decline in revenue, the company remains optimistic about future growth prospects.