Select Water Solutions reports record FY2023 revenue $1.6B, Adj EBITDA $258M

Select Water Solutions, Inc.

FY2023 revenue $1.6B (+14% YoY); net income $79.2M; Adjusted EBITDA $258.3M.
Water Infrastructure segment revenue up 84% YoY to $230.0M; gross profit up 162%.
Q4 2023 Adj EBITDA $58.3M; Q1 2024 guidance Adj EBITDA $52-56M.
Announced Thompson Pipeline (~$25M, Bakken) with 225,000 acre dedication; other expansion projects.
Returned $86.7M to shareholders in 2023 via repurchases ($61.8M) and dividends ($24.9M).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Select Water Solutions, Inc. reported financial results for the quarter and year ended December 31, 2023.

Period: the quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 20, 2024, Select Water Solutions, Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter and year ended December 31, 2023.

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Select Water Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-24-008587

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