Select Energy Services (WTTR) Stock

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 - Seaport Research Partners Don Crist - Johnson Rice Jeff Robertson - Water Tower Research Operator Ladies and gentlemen, good morning, and welcome to the Select Water Solutions Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Although the revenue and EPS for Select Water Solutions, Inc. (WTTR) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

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.

Generated revenue of $371 million during the third quarter of 2024, an increase of 2% sequentially compared to the second quarter of 2024 Produced $51.9 million of Operating Cash Flow and $20.4 million of Free Cash Flow during the third quarter of 2024 Increased Net income 26% and improved Adjusted EBITDA 4% sequentially during the third quarter of 2024 relative to the second quarter of 2024 Water Infrastructure segment revenue, gross profit and gross profit before D&A increased sequentially by 20%, 42% and 33%, respectively, in the third quarter of 2024 as compared to the second quarter of 2024 Secured multiple new long-term contracts for pipeline gathering, recycling & disposal infrastructure projects, with anticipated new capital deployment of $37 – $42 million HOUSTON , Nov. 5, 2024 /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 its financial and operating results for the third quarter ended September 30, 2024. John Schmitz, Select's Chairman of the Board, President and Chief Executive Officer, stated, "During the third quarter Select delivered another quarter of continued margin improvement and profitability, while generating solid free cash flow.

Although the revenue and EPS for Select Water Solutions, Inc. (WTTR) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Select Water Solutions, Inc. (WTTR) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.20 per share a year ago.

HOUSTON , July 25, 2024 /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 $0.06 per share of Class A common stock, to be paid on August 16, 2024, to holders of record as of the close of business on August 5, 2024. A comparable distribution of $0.06 per unit has also been approved to the unitholders of SES Holdings, LLC, which will be subject to the same payment and record dates.

HOUSTON , June 13, 2024 /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 its upcoming investor conference schedule for the remainder of the second quarter and the third quarter of 2024. Select's senior management will be participating in several upcoming investor conferences as outlined below.

The key performance indicators for Select Water Solutions, Inc. (WTTR) provide a glimpse into the company's performance in the first quarter of 2024, but it could be beneficial to compare these metrics with analyst expectations and the previous year's results.