secwatch.observer — SEC 8-K summary
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Issuer:     Select Water Solutions, Inc. (WTTR)
CIK:        0001693256
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0001140361-24-008587
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1693256/000114036124008587/0001140361-24-008587-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1693256/000114036124008587/ef20022038_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-008587

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