Select Energy Services, Inc. (WTTR) Misses Q2 EPS by 3c

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Go back to Select Energy Services, Inc. (WTTR) Misses Q2 EPS by 3c

SELECT WATER SOLUTIONS ANNOUNCES SECOND QUARTER 2023 FINANCIAL RESULTS AND OPERATIONAL UPDATES

August 2, 2023 4:15 PM EDT

Generated revenue of $405 million during the second quarter of 2023, up 20% year-over-year as compared to the second quarter of 2022

On a year-over-year basis, net income increased 55% to $22.6 million and Adjusted EBITDA improved 47% to $69.8 million during the second quarter of 2023

Delivered $102.0 million of operating cash flows, supported by significant working capital reductions

Returned $44.6 million to shareholders through quarterly cash dividends and share repurchases, repurchasing... More