secwatch.observer — SEC 8-K summary
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Issuer:     Select Water Solutions, Inc. (WTTR)
CIK:        0001693256
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0001140361-24-045294
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 $371M, net income up 26% sequentially; dividend raised 17%
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- Q3 revenue $371.3M (+2% seq); net income $18.8M (+26% seq); Adjusted EBITDA $72.8M (+5% seq).
- Water Infrastructure segment revenue $82M (+20% seq); gross margin before D&A 56.7% (vs 51% in Q2), surpassing 50% target early.
- Quarterly base dividend increased 17%; Q4 Adjusted EBITDA guided $60-62M (temporary decline due to asset downtime in New Mexico).
- Secured long-term contracts: Permian (12-yr, 5,000 acres + 57,000 acre ROFR), Midland Basin (8-yr, 20,000 acre, 35MM bbl minimum), Bakken connections.
- Free cash flow $20.4M; net capex $31.5M; full-year net capex guidance at low end of $170-190M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1693256/000114036124045294/0001140361-24-045294-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1693256/000114036124045294/ef20038198_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-045294

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