earnings
confidence high
sentiment positive
materiality 0.75
Select Energy Q2 rev $161M (+12% Q/Q), Adj EBITDA $7.6M; closed Complete acquisition
Select Water Solutions, Inc.
- Q2 revenue $161.1M, net loss $19.6M, Adj EBITDA $7.6M vs ($8.3M) a year ago.
- Water Services rev $76.7M (+19% seq); Oilfield Chemicals $51.1M (+23% seq); Water Infrastructure $33.3M.
- Closed Complete acquisition July 9: issued 3.6M shares + $14.2M cash; expects $100M+ annual revenue.
- Acquired UltRecovery for sustainable production enhancement; exclusive supply deal with Emission Rx.
- Appointed Walt Dale as SVP – Industrial Solutions to lead diversification beyond oilfield.