Select Water Solutions Earnings Reports

Select Water Solutions reported a revenue of $322.2 million and a net income of $2.3 million for the third quarter of 2025. The company advanced its strategic objectives by increasing Water Infrastructure scale and achieving strong sequential growth in Chemical Technologies revenue and gross profit. However, overall revenue and net income saw a decline compared to the previous quarter and the same period last year, partly due to the divestment of certain trucking operations.

Select Water Solutions delivered a strong second quarter in 2025, with net income increasing by 22.1% and adjusted EBITDA improving by 13.4% sequentially. The Water Infrastructure segment showed significant growth in revenue and gross profit, while the company continued to execute strategic initiatives, including an asset swap with OMNI Environmental Solutions and the evaluation of strategic alternatives for Peak Rentals, to focus on its core Water Infrastructure business.

Select Water Solutions had a strong start to 2025 with increased revenue, net income, and adjusted EBITDA in the first quarter compared to the previous quarter. The company also expanded its Water Infrastructure segment with new long-term contracts and strategic acquisitions.

Select Water Solutions concluded 2024 with a record-setting fourth quarter, achieving strong financial and operational results. The company reported consolidated revenue of $349 million for Q4 2024 and $1.5 billion for the full year. Water Infrastructure revenue grew 26% year-over-year for the full year, with gross profit up 62%. Operating cash flow remained strong at $235 million for the full year, with $68 million in Q4. The company also announced new long-term contracted Water Infrastructure projects in the Permian and a new water rights and storage partnership in Colorado.

Select Water Solutions announced its Q3 2024 financial results, reporting revenue of $371.3 million, a net income of $18.8 million, and free cash flow of $20.4 million. The company experienced sequential growth in revenue and profitability, driven by the Water Infrastructure segment. They also secured new long-term contracts for pipeline gathering, recycling, and disposal infrastructure projects.

Select Water Solutions reported revenue of $365.1 million, with net income more than tripling and Adjusted EBITDA improving 17% sequentially. The Water Infrastructure segment drove growth, achieving record performance with increased revenue and gross margins.

Select Water Solutions reported revenue of $366.5 million and net income of $3.9 million in Q1 2024. The company closed on the acquisitions of Buckhorn Waste Services and Trinity Environmental Services during the quarter, expanding its waste management and disposal capabilities. The Water Infrastructure segment saw revenue growth and margin improvement, while the Water Services segment experienced a decline.

Select Water Solutions announced its Q4 and full year 2023 financial results, highlighted by record full year consolidated revenue, net income, adjusted EBITDA, and operating cash flow. The Water Infrastructure segment showed continued revenue and profitability gains in Q4, while Water Services and Chemical Technologies were impacted by industry activity declines. The company is targeting net capital expenditures of $140 - $160 million for 2024 and anticipates continued growth in the Water Infrastructure segment.

Select Water Solutions announced its Q3 2023 financial results, reporting a revenue of $389.3 million, a 4% increase compared to Q3 2022. The company delivered strong operating cash flows and reduced accounts receivable by $75 million during the quarter. The Water Infrastructure business saw solid sequential revenue growth and margin improvement.

Select Water Solutions reported a strong second quarter with revenue of $404.6 million, a 20% increase year-over-year, and net income increasing 55% to $22.6 million. The company saw improvements in gross profit and Adjusted EBITDA, driven by a focus on operational efficiency and resilience in its infrastructure and specialty chemistry businesses. Strong cash flows allowed for debt reduction and significant capital returns to shareholders.

Select Energy Services reported a strong first quarter with revenue of $416.6 million, a 9% increase sequentially. Net income nearly doubled to $13.7 million, and Adjusted EBITDA increased by 29% sequentially to $67.2 million. The Water Infrastructure segment saw significant growth, and the company reinitiated its share repurchase program.

Select Energy Services, Inc. reported revenue of $381.7 million for the fourth quarter of 2022, a 2% increase sequentially from the third quarter of 2022. Net income for the fourth quarter of 2022 was $7.6 million. The company announced its intent to rebrand as Select Water Solutions, Inc.

Select Energy Services reported strong third-quarter results with sequential revenue growth and increased profitability. Net income and Adjusted EBITDA grew significantly, and the company completed strategic acquisitions to enhance its water infrastructure and service offerings.

Select Energy Services reported a strong second quarter in 2022, with revenue reaching $335.9 million, a 14% increase from the previous quarter and net income of $14.6 million. The company's profitability improved significantly, with Net Income and Adjusted EBITDA growing 83% and 48%, respectively, quarter over quarter. The company also made progress on the integration of recent acquisitions, capturing continued efficiencies and cost synergy realizations, which has contributed to sequential margin improvement across each of its segments.

Select Energy Services reported strong first quarter results with revenue increasing 16% sequentially to $294.8 million and net income of $8.0 million. The company benefitted from strong commodity prices and industry activity, with contributions from recent acquisitions like Nuverra Environmental Solutions. They continued to focus on sustainability, shareholder returns, and strategic infrastructure development.

Select Energy Services reported a strong fourth quarter with a 25% sequential increase in revenue to $255.1 million and a net income of $11.2 million. The company benefited from recent acquisitions and organic growth, leading to improved margins and positive net income.

Select Energy Services reported revenue of $204.6 million for Q3 2021, a 27% increase sequentially, and a net loss of $14.2 million, an improvement from the previous quarter. The company focused on improving its base business, advancing technology and ESG efforts, and executing strategic M&A, with Adjusted EBITDA doubling quarter over quarter to $15.1 million.

Select Energy Services reported a revenue of $161.1 million for Q2 2021, a 12% increase sequentially. The company's net loss was $19.6 million, an improvement from the previous quarter's $27.4 million loss. Strategic acquisitions like Complete Energy Services and UltRecovery, along with an exclusive agreement with Emission Rx, enhanced the company's portfolio and are expected to contribute to future growth.

Select Energy Services reported revenue of $143.7 million for the first quarter of 2021, an 8% sequential increase. The company's net loss was $27.4 million. They commenced operations at two water reuse and recycling projects and invested in ICE Thermal Harvesting.

Select Energy Services reported a 32% sequential increase in revenue, reaching $133.3 million for the fourth quarter of 2020. The company returned to positive Adjusted EBITDA territory and maintains a strong financial position with $250 million in available liquidity and no debt outstanding.

Select Energy Services reported a revenue increase of 10% sequentially, reaching $101.2 million in Q3 2020. The company experienced a net loss of $36.3 million, although this was an improvement compared to the previous quarter's loss of $53.0 million. The revenue growth was primarily driven by the Oilfield Chemicals segment and Bakken infrastructure. The company's cash and cash equivalents totaled $185.4 million with no debt outstanding.

Select Energy Services reported a revenue of $92.2 million for Q2 2020, a significant decrease compared to previous periods. The company experienced a net loss of $53.0 million, and a gross loss of $23.7 million. However, cash flow from operations was $56 million, and the company maintained a strong cash position with $166 million in cash and no debt outstanding.

Select Energy Services reported revenue of $278.3 million and a net loss of $291.2 million for the first quarter of 2020. The company generated $47 million in cash flow from operations and had $114 million of cash on hand with no debt outstanding.

Select Energy Services reported a Q4 2019 revenue of $276.1 million, a net loss of $12.5 million, and operating cash flow of $61.7 million. The company advanced its strategy by divesting non-core businesses, paying down debt, completing a New Mexico pipeline, expanding chemicals manufacturing, and acquiring a water treatment business.