---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-016793"
form_type: "8-K"
ticker: "WTTR"
cik: "0001693256"
company_name: "Select Water Solutions, Inc."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:14:34.609273+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Select Energy Q1 revenue $417M record; net income $13.7M (+81% QoQ); Adj EBITDA $67.2M

## Summary
- Revenue $416.6M record, up 9% QoQ, 41% YoY; net income $13.7M (+81% QoQ).
- Adjusted EBITDA $67.2M (+29% QoQ); Water Infrastructure rev $101.5M (+32% QoQ).
- Cash flow ops -$18M due to $78.6M working capital build; targeting $75M AR reduction by end 2023.
- Repurchased $8M shares in March, additional $25M through April; $50M authorization reinitiated.
- Signed multiple long-term infrastructure projects with MVCs in Haynesville, Midcon, DJ Basin, East Texas.

## SEC filing metadata
- accession: 0000950170-23-016793
- form_type: 8-K
- ticker: WTTR
- cik: 0001693256
- company_name: Select Water Solutions, Inc.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1693256/000095017023016793/0000950170-23-016793-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1693256/000095017023016793/wttr-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-016793
- JSON: https://secwatch.observer/filing/0000950170-23-016793.json
- Plain text: https://secwatch.observer/filing/0000950170-23-016793.txt

## Key facts
- Earnings Releases
  Select Water Solutions, Inc. reported first quarter ended March 31, 2023 results: revenue $416.6 million, net income $13.7 million.
  - Period: first quarter ended March 31, 2023
  - Revenue: $416.6 million
  - Net income: $13.7 million
  - Result: reported results
  source text: Revenue for the first quarter of 2023 was $416.6 million as compared to $381.7 million in the fourth quarter of 2022 and $294.8 million in the first quarter of 2022. Net income for the first quarter of 2023 was $13.7 million as compared to $7.6 million in the fourth quarter of 2022 and $8.0 million in the first quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1693256/000095017023016793/0000950170-23-016793-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.