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), a leading provider of sustainable water and chemical solutions for the energy industry, has announced a quarterly cash dividend of $0.06 per share of Class A common stock. The dividend will be paid on August 16, 2024, to shareholders of record as of August 5, 2024. A comparable distribution of $0.06 per unit has also been approved for unitholders of SES Holdings, , subject to the same payment and record dates.
This decision demonstrates Select's commitment to returning value to shareholders. However, it's important to note that all future dividend payments will be subject to quarterly review and approval by Select's Board of Directors, indicating a cautious approach to financial management.
Select Water Solutions (NYSE: WTTR) has announced its schedule for the release of its 2024 second quarter financial results. The company will release the results on Tuesday, July 30, 2024 after the market closes. A conference call is scheduled for Wednesday, July 31, 2024, at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss the results.
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 August 14, 2024, accessible by dialing 201-612-7415 and using passcode 13747951#. The webcast archive will also be available for 90 days after the call.
Select Water Solutions (NYSE: WTTR) has released its 2023 Sustainability Report, showcasing significant strides in environmental sustainability and operational excellence. In 2023, Select achieved a 9% reduction in combined Scope 1 and Scope 2 emissions intensity, treated or recycled 18.4 billion gallons of water (a 37% increase from 2022), and recycled 6.6 billion gallons at fixed facilities (a 47% increase from 2022).
The company exceeded its annual water recycling and employee safety targets embedded in its sustainability-linked credit facility by 319% and 57%, respectively. Select's advanced chemical solutions contribute to optimizing recycling processes and enhancing oil and gas production efficiency. Additionally, the report highlights key ESG performance metrics, including a 10% reduction in Scope 1 emissions intensity and a 2% reduction in Scope 2 emissions intensity, a diverse workforce with 53% representation from underrepresented ethnic groups, and a TRIR of 0.44.
The report aligns with external disclosure frameworks like TCFD, SASB, and GRI standards. For more details, visit Select's website.
Select Water Solutions (NYSE: WTTR) has announced its investor conference schedule for the second and third quarters of 2024. Key executives, including Chairman John Schmitz and CFO Chris George, will present and host one-on-one meetings at multiple events. These include the 14th Annual East Coast IDEAS Investor Conference on June 13 in New York, the J.P. Morgan Energy, Power & Renewables Conference on June 17, and the Calgary Stampede Conference on July 9.
Additional appearances are scheduled at the Industrial and Energy Showcase on August 8-9, Citi One-on-One Midstream and Energy Infrastructure Conference on August 13, EnerCom Energy Investment Conference on August 20, and more through September 18, 2024. The presentations and webcasts will be accessible on Select's Investor Relations website.
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.
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