secwatch.observer — SEC 8-K summary
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Issuer:     Select Water Solutions, Inc. (WTTR)
CIK:        0001693256
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001564590-22-036207
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Select Energy Q3 revenue $375M, net income $24.7M; acquires Breakwater and Cypress assets
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- Q3 revenue $375.1M (+12% sequential); net income $24.7M; Adjusted EBITDA $62.8M (+32% sequential).
- Acquired Breakwater Energy Partners for ~9.2M shares + ~$12.6M debt; Cypress Bakken assets for ~0.95M shares.
- Acquisitions expected to generate ~$110-115M revenue and >$30M Adjusted EBITDA on full-year 2022 basis.
- Commenced quarterly dividend of $0.05/share for Q3; no debt drawn on credit facility; liquidity $244.7M.
- Q4 guidance: Water Infrastructure low double-digit revenue growth; Oilfield Chemicals mid-single-digit growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1693256/000156459022036207/0001564590-22-036207-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1693256/000156459022036207/wttr-8k_20221101.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-036207

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