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 (NYSE: WTTR) announced a quarterly cash dividend of $0.05 per share, payable on February 17, 2023. Shareholders of record will be those held by the close of business on February 7, 2023. This dividend reflects the company's commitment to providing value to its investors, as all future payments are subject to quarterly review by the Board of Directors. Select is recognized for its sustainable water and chemical solutions within the energy sector, emphasizing environmentally responsible practices.
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.
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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