Select Water Solutions reports Q1 EPS 8c, consensus 6c

Reports Q1 revenue $374.4M, consensus $360.78M. John Schmitz, Chairman of the Board, President and CEO, stated, “The Q1 represented a strong start to the year for Select, with net income increasing by $11.7M and adjusted EBITDA increasing 14% sequentially compared to the Q4 of 2024. The Q1 also saw strong top-line increases on a consolidated basis, in excess of our guidance, coupled with an increase in our consolidated margins. In addition to our base business performance, in the first quarter we continued our investment in organic infrastructure growth and built on our contracted project backlog with several new long-term contract announcements that add to our dedicated acreage position and provide substantial long-term revenue potential.”