Welcome to our dedicated page for Select Water Solutions news (Ticker: WTTR), a resource for investors and traders seeking the latest updates and insights on Select Water Solutions stock.
The WTTR news page on Stock Titan aggregates recent announcements and disclosures from Select Water Solutions, Inc., a provider of sustainable water and chemical solutions to the energy industry. Readers can follow how the company’s Water Services, Water Infrastructure and Chemical Technologies segments perform over time through quarterly earnings releases, operational updates and strategic project news.
Company news frequently covers financial and operational results, where Select reports consolidated revenue, segment performance, gross margins and adjusted EBITDA, along with commentary on trends in recycling volumes, disposal activity and chemical product sales. These releases often outline how the business mix is evolving, including efforts to grow infrastructure‑based, contracted revenues and to rationalize certain service operations.
Another recurring theme in WTTR news is infrastructure growth and long‑term contracts. Select regularly announces new water infrastructure projects in basins such as the Permian and the Northern Delaware Basin in New Mexico, backed by dedicated acreage and rights of first refusal. Updates describe expansions of recycling capacity, disposal networks, and pipeline systems, as well as asset acquisitions or swaps that add landfills, treatment plants and other facilities.
News items also highlight capital allocation and shareholder returns, including recurring quarterly cash dividend declarations on Class A common stock and comparable distributions to SES Holdings, LLC unitholders. In addition, readers will find coverage of projects such as the produced water lithium extraction facility in partnership with Mariana Minerals, which illustrates Select’s efforts to monetize minerals in produced water streams through royalty‑based arrangements.
Investors and observers can use this page to review historical press releases, track management’s commentary on market conditions and strategy, and monitor developments such as the company’s dual listing on NYSE Texas, executive compensation arrangements disclosed in 8‑K filings, and updates on infrastructure backlogs. Bookmark this page to access an organized stream of WTTR‑related news as it is released.
Select Water Solutions (NYSE: WTTR) and Occidental announced significant progress in their joint water management initiative in the Northern Delaware Basin. The Lost Tank recycling facility in Lea County, New Mexico has reached a milestone of recycling over 50 million barrels of produced water since its 2022 launch.
The facility has expanded from an initial capacity of 60,000 barrels per day to 180,000 barrels per day, supported by 1.9 million barrels of storage. Select constructed a 13-mile produced water pipeline to Occidental's Mesa Verde assets, enabling greater flexibility in water recycling and reuse. The network features advanced automation for dynamic water balancing and is planned to expand by 2025, integrating into a broader system with 12 million barrels of total storage capacity.
Select Water Solutions (NYSE: WTTR) has scheduled its 2024 fourth quarter and full year earnings release for Tuesday, February 18, 2025, after market close. The company will host a conference call to discuss the results on Wednesday, February 19, 2025, at 11:00 a.m. Eastern Time (10:00 a.m. Central Time).
Investors can access the call by dialing 201-389-0872 or joining the webcast at the company's investor relations website. A replay will be available through March 5, 2025, by dialing 201-612-7415 with passcode 13751345#. The webcast archive will be accessible for 90 days on the company's website.
Select Water Solutions (NYSE: WTTR) announced significant changes to its Board of Directors. Bruce E. Cope, CPA and Timothy A. Roberts have been appointed as new directors, while Troy W. Thacker will not seek re-election after nearly five years of service.
Cope brings over 30 years of oil and gas industry experience, particularly in E&P operations and investments. He previously served as Senior VP - Chief Accounting Officer & Controller at Hunt Consolidated, Inc. Roberts contributes more than 20 years of experience in the Midstream sector and energy investments, currently serving as CEO and Partner of Iron Horse Midstream,
Chairman John Schmitz highlighted that the new directors' accounting, finance, and operational expertise will strengthen the company's midstream partnerships and support its Water Infrastructure growth strategy.
Select Water Solutions (NYSE: WTTR) has secured a new five-year senior secured sustainability-linked credit facility totaling $550 million. The facility comprises a $300 million revolving credit commitment and a $250 million term loan, with potential expansion of up to $200 million through additional commitments over four years.
The credit facility features sustainability-linked targets focused on increasing produced water recycling volumes and maintaining safety standards, with financial incentives for meeting these benchmarks. As of the closing date, there were no borrowings under the revolver, approximately $20 million in outstanding letters of credit, and the term loan was fully funded.
The company has over $150 million of contracted infrastructure projects under construction and nearly $400 million in pro forma liquidity. The facility, extending through 2030, supports Select's expansion of water infrastructure networks, advancement of recycling and automation technologies, and delivery of sustainable solutions.
Select Water Solutions (NYSE: WTTR) has announced a quarterly cash dividend of $0.07 per share of Class A common stock. The dividend will be paid on February 14, 2025, to shareholders of record as of February 4, 2025. Additionally, SES Holdings unitholders will receive a comparable distribution of $0.07 per unit under the same payment schedule. The company, which specializes in sustainable water and chemical solutions for the energy industry, notes that all future dividend payments will require quarterly review and approval from Select's Board of Directors.
Select Water Solutions (NYSE: WTTR) has announced its participation in the Water Tower Research Fireside Chat Series on November 13, 2024, at 12:00 p.m. Eastern Time. The company's Executive VP & CFO Chris George and Executive VP & COO Michael Skarke will be representing Select at this open-access investor event.
The webinar is accessible to all investors through online registration, and a replay will be available after the event. Select Water Solutions specializes in providing sustainable water and chemical solutions to the energy industry.
Select Water Solutions (NYSE: WTTR) reported Q3 2024 financial results with revenue of $371 million, up 2% from Q2 2024. Net income increased 26% to $18.8 million, while Adjusted EBITDA grew 4% to $72.8 million. The Water Infrastructure segment showed strong performance with 20% sequential revenue growth and 33% increase in gross profit before D&A. The company secured multiple new long-term contracts for pipeline gathering, recycling & disposal infrastructure projects, with planned capital deployment of $37-42 million. However, Q4 2024 Adjusted EBITDA is expected to decrease to $60-62 million due to seasonal slowdown and temporary asset downtime for infrastructure upgrades.
Select Water Solutions (NYSE: WTTR) announced a 17% increase in its quarterly cash dividend to $0.07 per share of Class A common stock, payable on November 15, 2024, to shareholders of record as of November 5, 2024. A similar distribution will be made to SES Holdings unitholders. The company's CEO highlighted their commitment to shareholder returns, citing strong operating capabilities, cash flow generation, and infrastructure growth opportunities. The dividend increase reflects confidence in their capital efficient business model and expanding portfolio of contracted infrastructure and production-related revenue streams.
Select Water Solutions (NYSE: WTTR) has announced its schedule for the release of 2024 third quarter financial results. The company will release the results on Tuesday, November 5, 2024 after market close. A conference call is scheduled for Wednesday, November 6, 2024 at 11:00 a.m. Eastern Time (10:00 a.m. Central Time).
Interested parties can participate in the call by dialing 201-389-0872 or by accessing the webcast at https://investors.selectwater.com/events-presentations/current. For those unable to attend the live call, a replay will be available until November 20, 2024, by dialing 201-612-7415 and using passcode 13749690#. Additionally, an archive of the webcast will be accessible on the company's website for 90 days following the call.
Select Water Solutions (NYSE: WTTR) reported strong Q2 2024 financial results, with revenue of $365 million and net income more than tripling sequentially. The company generated $83.1 million in operating cash flow and $37.4 million in free cash flow. The Water Infrastructure segment showed significant growth, with revenue up 8% and gross profit before D&A up 17% quarter-over-quarter. Select closed on multiple acquisitions and contracted new infrastructure projects in the Permian Basin. The company expects Adjusted EBITDA of $66-70 million for Q3 2024 and has increased its 2024 net capital expenditure forecast to $170-190 million due to additional growth opportunities.