secwatch.observer — SEC 8-K summary
======================================

Issuer:     Select Water Solutions, Inc. (WTTR)
CIK:        0001693256
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0000950170-23-056884
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Select Water Solutions Q3 revenue $389M (+4% YoY); net income $15.3M; dividend raised 20%
--------------------------------------------------------------------------------

- Q3 revenue $389.3M (+4% YoY), net income $15.3M (vs $24.7M Q3'22), adjusted EBITDA $63.0M.
- Water Infrastructure revenue $58.4M (+86% YoY); new 10-year contracts for Delaware Basin system with ~$10-12M capex.
- Operating cash flow $118.2M; accounts receivable down $75M; debt-free with $249M liquidity.
- Quarterly dividend increased 20% vs prior quarter; FY capital expenditure guidance tightened to $120-130M.
- Water Services revenue $251.9M, Chemical Technologies $79.0M; both segments outperformed industry activity decline.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1693256/000095017023056884/0000950170-23-056884-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1693256/000095017023056884/wttr-20231031.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-056884

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