secwatch.observer — SEC 8-K summary
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Issuer:     Select Water Solutions, Inc. (WTTR)
CIK:        0001693256
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0000950170-23-016793
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1693256/000095017023016793/0000950170-23-016793-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1693256/000095017023016793/wttr-20230502.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-016793

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer