secwatch.observer — SEC 8-K summary
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Issuer:     Select Water Solutions, Inc. (WTTR)
CIK:        0001693256
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001140361-24-023422
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Select Water Q1 revenue $366.5M, Adj. EBITDA $59.8M; guides Q2 EBITDA $64-68M
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- Net income $3.9M; adjusted EBITDA $59.8M, up 3% sequentially from Q4 2023.
- Water Infrastructure segment revenue $63.5M (+4.4% seq); gross margin before D&A 46.9%.
- Closed acquisitions of Buckhorn (Bakken, March 1) and Trinity (Permian, April 1) for $29.4M cash.
- Q2 2024 guidance: Adj. EBITDA $64-68M; expects >40% EBITDA conversion to FCF for 2024.
- Signed four long-term contracts in Permian/Haynesville with $15-17M combined capex.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1693256/000114036124023422/0001140361-24-023422-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1693256/000114036124023422/ef20028143_form8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-023422

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