secwatch.observer — SEC 8-K summary
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Issuer:     Select Water Solutions, Inc. (WTTR)
CIK:        0001693256
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0001564590-22-017540
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1693256/000156459022017540/0001564590-22-017540-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1693256/000156459022017540/wttr-8k_20220503.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-017540

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer