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.
Overview
Select Water Solutions (WTTR) is a renowned name in the energy industry, specializing in sustainable water and chemical solutions. Through its integrated approach, the company offers end-to-end water treatment, recycling, and disposal services that address the challenges of produced water management. Its operational platform is built on a robust infrastructure that includes water treatment facilities, expansive pipeline networks, and advanced chemical technologies, ensuring a safe and efficient delivery of services to oilfield operators and related energy sector clients.
Business Segments
The company operates through three primary segments:
- Water Services: The core revenue driver, offering comprehensive services including produced water gathering, recycling, and disposal to optimize water use and minimize waste.
- Water Infrastructure: Focused on constructing and maintaining critical water pipelines and recycling facilities, this segment enhances the company’s ability to integrate and expand its service network across major production regions.
- Chemical Technologies: Leveraging advanced chemical processes and manufacturing capabilities to support water treatment processes and improve the efficiency of water reuse operations.
Operational Excellence and Safety
The company emphasizes a safety-first culture and a commitment to operational excellence. Its approach is built on extensive industry experience and a customer-centric philosophy that has been refined over years of service. By prioritizing safety and leveraging innovative technologies, Select Water Solutions effectively manages the lifecycle of a well, ensuring operational reliability while reducing freshwater consumption and waste generation.
Market Position and Competitive Advantage
Positioned as a trusted partner in the energy industry, Select Water Solutions differentiates itself with a well-integrated network of water infrastructure assets and chemical expertise. The company has secured long-term contracts that reflect its reliability in delivering efficient water solutions. Its extensive infrastructure, including pipelines, recycling capabilities, and disposal facilities, provides a strategic advantage in meeting the evolving demands of oilfield operators. This robust network supports not only operational continuity but also scalability in addressing diverse water management challenges.
Industry Specific Insights
In an industry where sustainable water management is critical, Select Water Solutions offers a holistic solution tailored to the needs of the energy sector. The company’s technical expertise in chemical processing and advanced water treatment methodologies enables a seamless integration of services that reduce environmental impact and enhance resource efficiency. This competitive positioning is underpinned by its commitment to safety, operational precision, and a constant drive to innovate across its service segments.
Comprehensive Client-Centric Solutions
Every project undertaken by Select Water Solutions is supported by a strategic approach that emphasizes client needs and operational integrity. The company provides tailored solutions that span from water sourcing and recycling to efficient produced water disposal. By building and utilizing a broad network of dedicated water infrastructure assets, the company ensures that its clients receive solutions that are both innovative and reliable, positioning it well within a competitive and challenging market landscape.
This comprehensive overview demonstrates the company’s in-depth expertise in managing and treating produced water, its commitment to safety and operational efficiency, and its capacity to serve as a critical partner to key energy sector players. The focus on detailed operational insight, technical proficiency, and a clear organizational structure makes Select Water Solutions an essential subject of study for those evaluating sustainable water solutions in the energy industry.
Select Energy Services, Inc. (NYSE: WTTR) announced a quarterly cash dividend of $0.05 per share for Class A common stock. This dividend will be paid on May 17, 2023, to stockholders of record by the close of business on May 5, 2023. A similar $0.05 distribution will also be made to unitholders of SES Holdings, LLC under the same conditions. Future dividends will be subject to quarterly reviews by the Board of Directors. Select Energy is recognized for its sustainable water and chemical solutions for the energy sector, focusing on environmental responsibility and effective water management throughout the lifecycle of oilfield operations.
Select Energy Services, Inc. (NYSE: WTTR) announced it will release its first quarter 2023 financial results on May 2, 2023, after market close. This will be followed by a conference call on May 3, 2023, at 11:00 a.m. Eastern Time to discuss the results.
The company emphasizes its commitment to sustainable water and chemical solutions for the energy industry, underlining the importance of environmental responsibility in its operations.
Investors can access the live call via phone or online, with a replay available until May 17, 2023. For further information, visit their website.
Select Energy Services (NYSE: WTTR) announced a new $50 million share repurchase program, supplementing the $8.6 million remaining from a previous $25 million authorization. This total represents nearly 10% of the company's Class A common stock based on the March 17, 2023 closing price. The repurchases, subject to management discretion, aim to enhance shareholder value and will be funded from working capital and operational cash flow. The company anticipates growth in revenue, EBITDA, and net income in 2023, bolstered by strategic acquisitions and a robust capital allocation strategy.
Select Energy Services, Inc. plans to rebrand as Select Water Solutions, Inc., strengthening its focus on sustainable water management. For 2022, the company reported revenues of $1.4 billion, an 81% increase from 2021, and a net income of $54.9 million. Key acquisitions in the Permian Basin expanded its water infrastructure portfolio, including a new Delaware Basin recycling project, expected to enhance revenue streams. Despite challenges in Q4 2022, including integration issues, Select aims to achieve significant revenue and EBITDA growth in 2023 with planned capital expenditures between $90 million and $130 million.
Select Energy Services (NYSE: WTTR) has announced the release date for its fourth quarter and full year 2022 financial results, scheduled for February 21, 2023, after market close. A conference call to discuss these results will take place on February 22, 2023, at 11:00 a.m. Eastern Time. Investors can participate via phone or online. A replay of the call will be available until March 8, 2023. Select Energy Services is known for providing sustainable water and chemical solutions to the energy sector, emphasizing environmentally responsible management throughout the lifecycle of oilfield operations.
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