earnings
confidence high
sentiment positive
materiality 0.85
Select Energy Q4 rev $255M, net income $11.2M, Adj EBITDA $26.4M; M&A adds $300M run-rate
Select Water Solutions, Inc.
- Q4 revenue $255.1M (+25% seq.), net income $11.2M (vs Q3 loss $14.2M), Adj EBITDA $26.4M (+74% seq.).
- Water Services rev +25% seq., Water Infrastructure +27%, Oilfield Chemicals +22% seq.
- Closed Agua Libre (Oct 2021) and HB Rentals (Dec 2021) acquisitions; Nuverra deal expected to close imminently.
- Q1 2022 guidance: 5-15% revenue growth across segments with modest gross margin improvement.
- No revolver borrowings; cash $85.8M; total liquidity $202.9M as of Dec 31, 2021.