secwatch.observer — SEC 8-K summary
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Issuer:     Select Water Solutions, Inc. (WTTR)
CIK:        0001693256
Form:       8-K
Filed at:   2023-02-21T23:59:59+00:00
Accession:  0000950170-23-003465
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Select Energy Services reports Q4 2022 revenue of $382M, full-year $1.4B, and announces acquisitions and rebranding
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- Full year 2022 revenue of $1.4 billion, up 81% from 2021; Q4 2022 revenue of $382 million, up 2% sequentially.
- Net income for full year 2022 was $54.9 million, compared to a net loss of $50.1 million in 2021.
- Acquired Permian Basin water infrastructure for ~$44 million, including pipelines, storage, disposal, and buyout of joint venture interests.
- Announced rebranding to Select Water Solutions, Inc., effective first half 2023, retaining ticker WTTR.
- Entered 10-year agreement for Delaware Basin recycling project with 100,000 bbl/day capacity, total cost $10-11 million.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1693256/000095017023003465/0000950170-23-003465-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1693256/000095017023003465/wttr-20230221.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-003465

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