secwatch.observer — SEC 8-K summary
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Issuer:     Select Water Solutions, Inc. (WTTR)
CIK:        0001693256
Form:       8-K
Filed at:   2022-08-02T23:59:59+00:00
Accession:  0001564590-22-027491
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Select Energy Q2 revenue $335.9M, net income $14.6M, adjusted EBITDA $47.7M; all segments up
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1693256/000156459022027491/0001564590-22-027491-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1693256/000156459022027491/wttr-8k_20220802.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-027491

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