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.
Select Water Solutions, Inc. reports developments in sustainable water and chemical solutions for the U.S. energy industry. Company news centers on quarterly operating results across Water Services, Water Infrastructure and Chemical Technologies, including water transfer, water sourcing, fluids hauling, containment, monitoring, water-network automation, produced-water recycling and chemical manufacturing.
Recurring updates also cover long-term water infrastructure projects, gathering and distribution pipeline networks, disposal and recycling assets, friction reducer and specialty surfactant demand, Class A common stock offerings, quarterly cash dividends and distributions tied to SES Holdings, LLC. Select-related announcements may also address third-party technology deployments at company sites that use produced-water infrastructure for recycling or mineral-extraction applications.
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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Select Energy Services has completed its acquisition of Nuverra Environmental Solutions, approved by major stockholders holding 84% of Nuverra's shares. Starting February 24, 2022, Nuverra's stock will cease trading. Stockholders received 0.2551 shares of Select for each Nuverra share. Select will also repay approximately $19 million of Nuverra's debt. This acquisition expands Select's water logistics capabilities and daily disposal capacity to over 2 million barrels per day, enhancing growth potential in targeted regions like the Bakken and Haynesville.
Select Energy Services (NYSE: WTTR) reported its financial results for Q4 and fiscal year 2021, showing robust growth. Revenue reached $255.1 million, up from $204.6 million in Q3 2021 and $133.3 million year-over-year. The company posted a net income of $11.2 million, reversing losses from previous quarters. Adjusted EBITDA rose to $26.4 million, a 74% sequential increase. The company emphasized growth from recent acquisitions and operational improvements, anticipating 5%-10% revenue growth for Q1 2022, driven by market trends and the Nuverra acquisition.
Select Energy Services, Inc. (NYSE: WTTR) will announce its fourth quarter and full-year 2021 financial results on February 22, 2022, after market close. A conference call is scheduled for February 23, 2022, at 11:00 a.m. ET, allowing investors to discuss the outcomes. The call can be accessed via phone or online. A replay of the call will be available until March 9, 2022. Select Energy offers sustainable water and chemical solutions for the oil and gas industry, emphasizing environmentally responsible water management.
Select Energy Services announced that two major stockholders of Nuverra Environmental Solutions have approved the merger agreement, representing approximately 84% of Nuverra's common stock. The merger, set to close in Q1 2022, follows the SEC's declaration of effectiveness for the Registration Statement. Both companies aim to enhance service offerings in the oil and gas sector, with Select providing full-cycle water and chemical solutions, while Nuverra specializes in water logistics and environmental services.