Select Water Solutions Inc (N:WTTR)
Business Focus: Oil Related Services
| Sector: Energy | Industry: Oil Related Services and Equipment |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1233 W Loop South, Suite 1400 HOUSTON TX 77027 |
| Tel: | N/A |
| Website: | https://www.selectenergy.com |
| IR: | See website |
| Key People | ||
| John D. Schmitz Chairman of the Board, President, Chief Executive Officer | Christopher K. George Chief Financial Officer, Executive Vice President | Michael C. Skarke Chief Operating Officer, Executive Vice President |
| Cody J. Ortowski Executive Vice President - Business Strategy | Suzanne J. Colbert Senior Vice President, Chief Technology Officer | |
| Business Overview |
| Select Water Solutions, Inc. is a provider of sustainable water and chemical solutions to the energy industry. The Company operates in three segments: Water Services, Water Infrastructure, and Chemical Technologies. The Water Services segment consists of its services businesses, including water sourcing, water transfer, flowback and well testing, fluid hauling, water monitoring, water containment and water network automation, serving exploration and production (E&P) companies. The Water Infrastructure segment provides recycling, gathering, transferring and disposal of water. Its operations are enabled by a network of permanent pipeline infrastructure, semi-permanent pipeline infrastructure, water recycling facilities, earthen pits, water sources and SWDs. The Chemical Technologies segment develops, manufactures, manages logistics and provides a full suite of completion chemical products utilized in hydraulic fracturing, stimulation, cementing and related well completion processes. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Select Water Solutions Inc revenues increased 14% to $1.59B. Net income increased 54% to $74.4M. Revenues reflect Water services segment increase of 29% to $1.04B, Oilfield chemicals segment increase of 2% to $323.5M. Net income benefited from Lease abandonment costs decrease of 91% to $42K (expense). Dividend per share increased from $0.05 to $0.21. |
| Employees: | 4,200 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,021M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1,585M as of Dec 31, 2023 |
| EBITDA (TTM): | $238.21M as of Dec 31, 2023 |
| Net annual income (TTM): | $74.40M as of Dec 31, 2023 |
| Free cash flow (TTM): | $124.57M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 118,164,163 as of Feb 19, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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