Core Insights - Select Water Solutions, Inc. reported consolidated revenue of $1.5 billion for the full year 2024, a decrease from $1.6 billion in 2023, with a net income of $35.5 million compared to $79.2 million in the previous year [13][24] - The Water Infrastructure segment achieved significant growth, with revenues of $291 million in 2024, up 26% year-over-year, and gross profit increasing by 62% [4][14] - The company announced new long-term contracts and partnerships, including a $62 million investment in Colorado for water rights and storage, targeting high-margin municipal, industrial, and agricultural contracts [2][36] Financial Performance - Full year 2024 operating cash flows were $235 million, with free cash flow of $78 million, meeting expectations of converting approximately 30% of Adjusted EBITDA into free cash flow [3][24] - Adjusted EBITDA for 2024 was $258.4 million, slightly up from $258.3 million in 2023, despite non-recurring costs impacting the results [16][24] - The fourth quarter of 2024 saw a revenue decline to $349 million from $374.9 million in Q4 2023, with a net loss of $2.1 million compared to a net income of $27.6 million in the same quarter of the previous year [17][18] Segment Performance - The Water Infrastructure segment generated $76.8 million in revenue for Q4 2024, a decrease from $82.0 million in Q3 2024, but a significant increase from $60.9 million in Q4 2023 [21] - The Water Services segment reported revenues of $209.3 million in Q4 2024, down from $234.0 million in Q3 2024, primarily due to seasonal activity declines [22] - The Chemical Technologies segment saw revenues of $62.9 million in Q4 2024, an increase from $55.3 million in Q3 2024, but a decrease from $72.3 million in Q4 2023 [23] Capital Expenditures and Investments - The company plans net capital expenditures of $170 million to $190 million for 2025, focusing on high-margin, long-term contracted growth projects within the Water Infrastructure segment [7][32] - Select Water Solutions has executed multiple new long-term contracts in the Permian Basin, with anticipated capital expenditures of $39 million to $41 million for these projects [32][33] - The company has also entered a partnership to consolidate a significant water rights and storage portfolio in Colorado, with an initial investment of $62 million [36][39] Future Outlook - For 2025, Select expects another record-setting year for Adjusted EBITDA and consolidated margins, with growth in the Water Infrastructure segment projected at 15% to 25% year-over-year [6][8] - The company anticipates modest revenue reductions in the Water Services segment due to ongoing evaluations of underperforming operations [5] - The backlog of infrastructure projects is at an all-time high, with expectations for a steady cadence of new contracts throughout 2025 [7][8]

Core Insights - Select Water Solutions and Occidental have made significant progress in reducing freshwater usage through the Lost Tank recycling facility, which has recycled over 50 million barrels of produced water [1][2][4] Group 1: Facility Operations and Capacity - The Lost Tank facility began operations in 2022 with an initial recycling capacity of 60,000 barrels per day, which has now expanded to 180,000 barrels per day, supported by 1.9 million barrels of storage [2] - The facility has successfully recycled over 50 million barrels of produced water, contributing to reduced environmental impact and addressing regional water management needs [2] Group 2: Infrastructure Development - A 13-mile produced water pipeline was constructed to connect the Lost Tank facility to Occidental's Mesa Verde assets, enhancing water recycling and reuse capabilities [3] - The network is expected to expand further by 2025, with plans to increase pipeline connectivity and integrate the facility into a broader system with a total storage capacity of 12 million barrels [3] Group 3: Commitment to Sustainability - The facility reflects the commitment of both companies to sustainability and innovation, aiming to reduce freshwater dependence and disposal volumes in the Delaware Basin [4] - Select Water Solutions emphasizes the importance of environmentally responsible water management throughout the lifecycle of a well [5]

GAINESVILLE, Texas, Feb. 10, 2025 /PRNewswire/ -- Select Water Solutions, Inc. (NYSE: WTTR) today announced that it will release 2024 fourth quarter and full year financial results on Tuesday, February 18, 2025 after the market closes. In conjunction with the release, the Company has scheduled a conference call, which will also be broadcast live over the Internet, on Wednesday, February 19, 2025 at 11:00 a.m. Eastern Time (10:00 a.m. Central Time).What:    Select Water Solutions 2024 Fourth Quarter and Full ...

Board Changes - Troy W Thacker will retire from Select Water Solutions' Board of Directors after nearly five years of service, with no disagreement with the company [1] - Bruce E Cope and Timothy A Roberts were appointed to the Board, bringing strong accounting, finance, and operational expertise in the oil and gas industry [1][4] New Board Member Profiles - Bruce E Cope has over 30 years of experience in the oil and gas industry, including roles as Senior Vice President at Hunt Consolidated and accounting positions at KPMG and Pacific Enterprises Oil Company USA [2] - Timothy A Roberts has over 20 years of experience in the oil and gas midstream sector, currently serving as CEO of Iron Horse Midstream and previously as CFO of Cardinal Midstream II [3] Company Strategy and Outlook - Select Water Solutions aims to advance midstream partnerships with E&P customers, optimize its business, and deliver market-leading water solutions as part of its Water Infrastructure growth strategy [4] - The company emphasizes sustainable water and technology solutions, supported by critical water infrastructure assets, chemical manufacturing, and water treatment capabilities [5] Industry Context - The company operates in the energy industry, providing water and chemical solutions with a focus on environmentally responsible water management throughout the well lifecycle [5]

GAINESVILLE, Texas, Jan. 28, 2025 /PRNewswire/ -- Select Water Solutions, Inc. (NYSE: WTTR) ("Select" or the "Company"), a leading provider of sustainable water and technology solutions to the energy industry, today announced the successful closing of a new five-year senior secured sustainability-linked credit facility ("Credit Facility"). The Credit Facility includes an initial $300 million revolving credit commitment ("Revolver") and $250 million in term loan commitments ("Term Loan"). Both the Revolver a ...

GAINESVILLE, Texas, Jan. 23, 2025 /PRNewswire/ -- Select Water Solutions, Inc. (NYSE: WTTR) ("Select" or the "Company"), a leading provider of sustainable water and chemical solutions to the energy industry, today announced that its Board of Directors declared a quarterly cash dividend of $0.07 per share of Class A common stock to be paid on February 14, 2025, to holders of record as of the close of business on February 4, 2025. A comparable distribution of $0.07 per unit has also been approved to the unith ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to ________________ Commission File Number 001-38066 SELECT WATER SOLUTIONS, INC. (Exact name of registrant as specified in its cha ...

Select Water Solutions, Inc. (NYSE:WTTR) Q3 2024 Earnings Conference Call November 6, 2024 11:00 AM ET Company Participants Garrett Williams - Vice President, Corporate Finance & Investor Relations John Schmitz - Founder, Chairman, President & Chief Executive Officer Chris George - Executive Vice President & Chief Financial Officer Michael Skarke - Executive Vice President & Chief Operating Officer Conference Call Participants Jim Rollyson - Raymond James Bobby Brooks - Northland Capital Markets Tom Curran ...

Select Water Solutions, Inc. (WTTR) reported $371.35 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 4.6%. EPS of $0.15 for the same period compares to $0.14 a year ago.The reported revenue represents a surprise of +5.97% over the Zacks Consensus Estimate of $350.43 million. With the consensus EPS estimate being $0.14, the EPS surprise was +7.14%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expe ...

Select Water Solutions, Inc. (WTTR) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.14%. A quarter ago, it was expected that this company would post earnings of $0.11 per share when it actually produced earnings of $0.13, delivering a surprise of 18.18%.Over the last four quarters, ...