earnings
confidence high
sentiment positive
materiality 0.80
Select Energy Q2 revenue $335.9M, net income $14.6M, adjusted EBITDA $47.7M; all segments up
Select Water Solutions, Inc.
- Revenue $335.9M, up 14% sequentially; net income $14.6M, up 83% from Q1 2022.
- Adjusted EBITDA $47.7M (+48% seq); gross margin before D&A 19.3% vs 17.4% in Q1.
- Water Services revenue $196M (+20% seq); Water Infrastructure $60.3M (+3% seq); Oilfield Chemicals $79.6M (+10% seq).
- Cash from operations $11.1M; net capex $9.9M; total liquidity $221.3M; no borrowings on credit facility.
- Guides for continued Q3 growth and margin improvement; added 75,000 bpd recycling capacity at two new facilities.