Select Water Solutions Q4 revenue $349M, FY Adj EBITDA $258.4M; guides Q1 Adj EBITDA $60-64M

Select Water Solutions, Inc.

FY24 revenue $1.5B, net income $35.5M; Q4 net loss $2.1M, Adj EBITDA $56.2M.
Water Infra revenue $291M FY24 (+26% YoY); Q4 gross margin before D&A 54.7%.
New Permian Basin projects: 15-year Delaware agreement, 7-year Central Basin facility; capex $39-41M.
Colorado water rights partnership: $62M initial investment, rights to >16,300 acre-feet/year.
FY25 guidance: consolidated Adj EBITDA to grow; Water Infra revenue +15-25%; net capex $170-190M; Q1 $60-64M.

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