Select Energy Q1 rev $294.8M; closes Nuverra deal, launches ESG-linked credit facility

Select Water Solutions, Inc.

Q1 2022 revenue $294.8M, up 16% sequentially from Q4 2021 and 105% YoY from Q1 2021.
Net income $8.0M (vs $11.2M Q4 2021 and net loss $27.4M Q1 2021); Adjusted EBITDA $32.2M, up 22% sequentially.
Closed acquisition of Nuverra Environmental Solutions on Feb 23; issued ~4.2M shares and repaid $18.8M debt.
Closed $270M sustainability-linked credit facility with pricing tied to recycled water volumes and safety.
Repurchased 2.3M shares for $16.4M in Q1; liquidity $213.3M, no borrowings outstanding.

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