secwatch.observer — SEC 8-K summary
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Issuer:     Select Water Solutions, Inc. (WTTR)
CIK:        0001693256
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001140361-24-034960
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Select Water Solutions Q2 net income triples to $14.9M; Adj. EBITDA $69.6M, guides Q3 flat
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- Revenue $365.1M, flat sequentially but down 9.8% YoY; gross margin expanded to 16.5% from 14.4% Q1.
- Water Infrastructure segment gross margin before D&A hit 51.0%, 407 bps sequential improvement.
- Closed $9M NE disposal assets acquisition and $29.4M Trinity acquisition; signed Permian contracts with $55-60M capex.
- Q3 2024 Adj. EBITDA guidance $66-70M; net capex guidance raised to $170-190M for growth projects.
- Operating cash flow $83.1M, free cash flow $37.4M; liquidity $129.8M as of June 30.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1693256/000114036124034960/0001140361-24-034960-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1693256/000114036124034960/ef20033347_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-034960

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