Select Energy Services Reports First Quarter 2021 Financial Results And Operational Updates

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Go back to Select Energy Services Reports First Quarter 2021 Financial Results And Operational Updates

Select Energy Services, Inc. (WTTR) Misses Q1 EPS by 11c, Revenues Beat

May 4, 2021 4:32 PM EDT

Select Energy Services, Inc. (NYSE: WTTR) reported Q1 EPS of ($0.27), $0.11 worse than the analyst estimate of ($0.16). Revenue for the quarter came in at $144 million versus the consensus estimate of $140.33 million.

John Schmitz, Chairman of the Board, President and CEO, stated, "During the first quarter, we continued to see revenue improvements across all of our business segments with 8% consolidated revenue growth, led by our Oilfield Chemicals segment. Overall industry activity improved sequentially during the first quarter despite challenging winter storm weather conditions in February, which resulted in supply chain disruptions and roughly a week... More