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Select Water Solutions Inc - WTTR STOCK NEWS

Welcome to our dedicated news page for Select Water Solutions (Ticker: WTTR), a resource for investors and traders seeking the latest updates and insights on Select Water Solutions.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Select Water Solutions's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Select Water Solutions's position in the market.

Rhea-AI Summary
Select Water Solutions, Inc. (NYSE: WTTR) appoints Chris George as Executive Vice President and CFO, with Nick Swyka stepping down. George brings extensive experience in finance and corporate development to the role. The company expresses gratitude for Swyka's contributions and plans to review George's compensatory arrangements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.68%
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none
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Rhea-AI Summary
Select Water Solutions, Inc. (WTTR) reported impressive financial and operating results for the full year 2023, with consolidated revenue reaching $1.6 billion, up 14% year-over-year. The Water Infrastructure segment saw revenues of $230.0 million, an 84% increase from the previous year. The company also delivered operating cash flows of $285.4 million, up $252 million year-over-year. Select announced four new business development projects in key regions, backed by long-term contracts, showcasing a strong growth trajectory.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.67%
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Rhea-AI Summary
Select Water Solutions, Inc. (WTTR) has announced the acquisition of strategic water infrastructure assets in the Haynesville Shale and Rockies regions for approximately $90 million. The acquisitions will add 450,000 barrels per day of permitted disposal capacity and strengthen Select's position as a leader in delivering full life cycle water solutions to the energy industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.91%
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Rhea-AI Summary
Select Water Solutions, Inc. (NYSE: WTTR) declared a quarterly cash dividend of $0.06 per share of Class A common stock, to be paid on February 20, 2024. The company will release 2023 fourth quarter and full year financial results on the same day and has scheduled a conference call for the following day. All future dividend payments are subject to quarterly review and approval by Select's Board of Directors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.05%
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dividends earnings
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Rhea-AI Summary
Select Water Solutions, Inc. reported consolidated revenue of $389 million in Q3 2023, up 4% YoY. Water Infrastructure revenue increased by 86% YoY. The company delivered $118.2 million of operating cash flows and reduced accounts receivable by more than $137 million since Q1 2023. Select announced new contracted infrastructure projects in the Northern Delaware Basin and Haynesville Shale.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.88%
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Rhea-AI Summary
Select Water Solutions, Inc. (NYSE: WTTR) has announced a quarterly cash dividend of $0.06 per share of Class A common stock, to be paid on November 17, 2023. The dividend payment reflects the company's confidence in its operating capabilities, cash flow generation, and infrastructure growth opportunities. Select's balance sheet is debt-free as of September 30, 2023, and the company aims to enhance its capital return program while maintaining a disciplined capital structure.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.94%
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dividends
Rhea-AI Summary
Select Water Solutions to release 2023 third quarter financial results on October 31, 2023
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0.66%
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0.97%
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Rhea-AI Impact
Rhea-AI Sentiment
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1.1%
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conferences
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.05%
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Select Water Solutions Inc

NYSE:WTTR

WTTR Rankings

WTTR Stock Data

1.09B
96.81M
7.73%
75.86%
3.25%
Support Activities for Oil and Gas Operations
Mining, Quarrying, and Oil and Gas Extraction
Link
US
Houston

About WTTR

it’s simple to us. every day is an opportunity for us to work hard, prove our experience, put safety first and maintain 100% client focus. after all, we believe that is the only way to operate successfully in the oil and gas industry. since 2007, when we began operations in gainesville, texas, we have done just that. today, select energy services is headquartered in houston, texas, and has grown to become a company with nearly 2,000 employees. we provide services to more than 400 customers in every major shale play throughout the united states. we deliver innovative and efficient end-to-end water solutions to oilfield operators. at select energy services, we pride ourselves in being a trusted partner that offers comprehensive approaches for more convenience and better results. finally, we at select energy services believe our true value lies within the hard work, proven experience, safety and customer-centric solutions we are able to bring to each and every project.