secwatch.observer — SEC 8-K summary
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Issuer:     Select Water Solutions, Inc. (WTTR)
CIK:        0001693256
Form:       8-K
Filed at:   2025-05-06T23:59:59+00:00
Accession:  0001140361-25-017561
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 $374M, net income $9.6M, adj. EBITDA $64M; Q2 guide $68-72M
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- Revenue $374.4M, up 7% sequentially; net income $9.6M vs net loss $2.1M in Q4 2024.
- Adjusted EBITDA $64.0M, up 14% sequentially; Q2 2025 adjusted EBITDA guided to $68-72M.
- Signed 11-year Delaware Basin contract with 265,000+ acres; expects $100-125M incremental capex.
- 2025 net capex raised to $225-250M; free cash flow conversion guided to 5-15% of adjusted EBITDA.
- New $300M revolver and $250M term loan executed; invested additional $10M in AV Farms water rights.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1693256/000114036125017561/0001140361-25-017561-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1693256/000114036125017561/ef20048531_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-017561

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