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Mar 31, 2020
Select Water Solutions Q1 2020 Earnings Report
Select Energy Services reported financial results and operational updates for Q1 2020.
Key Takeaways
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.
Revenue for the first quarter of 2020 was $278.3 million.
Net loss for the first quarter of 2020 was $291.2 million.
Gross profit was $15.3 million in the first quarter of 2020.
The company had $114 million of cash and no debt outstanding at the end of the first quarter of 2020.
Revenue by Segment
Forward Guidance
The company expects to realize annualized SG&A savings of at least $30 million by the third quarter of 2020 and 2020 capital expenditures to be no greater than $20 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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