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 Energy Services (NYSE: WTTR) reported third-quarter 2022 revenue of $375 million, marking a 12% increase from Q2 2022. Net income rose to $24.7 million and Adjusted EBITDA grew to $62.8 million, reflecting gains of 70% and 32% respectively. The company completed the acquisitions of Breakwater Energy Partners and assets from Cypress Environmental Services on November 1, 2022, enhancing its water recycling capabilities in the Permian Basin and Bakken regions, with expected combined revenues of $110-$115 million for 2022.
Select Energy Services (NYSE: WTTR) announced a quarterly cash dividend of $0.05 per share for Class A common stock, payable on November 17, 2022. The record date is set for November 7, 2022. A similar distribution of $0.05 per unit has been approved for unitholders of SES Holdings, LLC. The company aims to maintain regular dividends, subject to market conditions and Board approval. CEO John Schmitz highlighted this initiative as a sign of confidence in the company’s performance and commitment to shareholder value, alongside a disciplined capital structure.
Select Energy Services, Inc. (NYSE: WTTR) will release its third quarter 2022 financial results on November 2, 2022, after market close. A conference call is scheduled for November 3, 2022, at 11:00 a.m. Eastern Time, available via phone or online streaming. The call will allow stakeholders to hear insights regarding the company’s performance and future outlook. A replay will be accessible until November 17, 2022, ensuring investors have ample opportunity to gain information.
Select Energy Services (NYSE: WTTR) has initiated a quarterly cash dividend program, starting at $0.05 per Class A common share, expected to begin after Q3 2022. The company has returned over $60 million to shareholders since 2018 and aims to balance capital returns with growth investments. The dividend's implementation reflects the Board's confidence in Select's operational performance and financial stability, driven by recent acquisitions and infrastructure projects.
Select Energy Services reported a revenue of $335.9 million for Q2 2022, reflecting a 14% sequential increase from Q1 2022. Net income surged to $14.6 million, up 83% quarter over quarter, while Adjusted EBITDA climbed 48% to $47.7 million. The company improved its gross margin before depreciation and amortization to 19.3%, driven by efficient integration of acquisitions and pricing enhancements. With a strengthened balance sheet and operational growth, Select aims for continued strong performance in the second half of the year, bolstered by increased recycling capacity and cash flow from operations.
Select Energy Services, Inc. (NYSE: WTTR) announced the release of its second quarter 2022 financial results on August 2, 2022, post-market closure. A conference call to discuss these results is scheduled for August 3, 2022, at 11:00 a.m. Eastern Time. Interested parties can join the call by dialing 201-389-0872 or via the internet for a live broadcast. A replay will be available until August 17, 2022. Select Energy focuses on sustainable water and chemical solutions for the energy industry, showcasing its commitment to environmentally responsible management.
For the first quarter of 2022, Select Energy Services (NYSE: WTTR) reported revenue of $294.8 million, reflecting a 16% increase from the previous quarter. The company achieved net income of $8.0 million and an Adjusted EBITDA of $32.2 million, a 22% sequential rise. Select completed the acquisition of Nuverra Environmental Solutions and secured a $270 million sustainability-linked credit facility. The firm anticipates 8%-12% revenue growth in Q2 2022, aided by improved market activity and pricing dynamics.
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Select Energy Services, Inc. (NYSE: WTTR) will release its first quarter 2022 financial results on May 3, 2022, after market close. An accompanying conference call is scheduled for May 4, 2022, at 11:00 a.m. Eastern Time. Interested parties can join via phone or online. A replay of the call will be available until May 18, 2022. The company provides water and chemical solutions to the unconventional oil and gas industry in the U.S., offering services that include sourcing, monitoring, and treatment of water used in hydraulic fracturing.
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