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Select Energy Services (WTTR)
:WTTR
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.08Last Year’s EPS
0.27Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: 26.24%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong performance in the Water Infrastructure segment with record revenue and profit, significant net income growth, and strategic contract expansions. However, the call also addressed challenges such as anticipated downtime in Q4, impacting revenue, and difficulties in the Chemical Technologies segment. Despite these challenges, the overall outlook remains positive with continued growth expected in 2025.Company Guidance
During the third quarter of 2024, Select Water Solutions posted impressive financial metrics, buoyed by its Water Infrastructure segment's robust performance. The company achieved a 26% increase in net income compared to the second quarter, with Water Infrastructure revenues rising by 20% and gross profit before depreciation and amortization (D&A) by 33%. On a year-over-year basis, the third quarter saw a 40% growth in revenue and a staggering 99% growth in gross profits before D&A compared to Q3 2023. The segment's gross margins before D&A reached 57%, reflecting significant operational efficiency and strategic expansion. Select also secured multiple long-term contracts, adding substantial acreage under management, which bolstered its market-leading position in produced water recycling. Despite anticipated seasonal slowdowns and operational downtimes in Q4, the company remains on track to achieve record adjusted EBITDA for 2024, with more than 50% of profitability driven by Water Infrastructure and Chemical Technologies. Looking ahead, Select expects its Water Infrastructure segment to account for over half of the company's profitability by the end of 2025, supported by ongoing organic growth and strategic acquisitions.Record Water Infrastructure Revenue and Profit
Select Water Solutions achieved record high quarterly revenue and gross profit in the Water Infrastructure segment during the third quarter of 2024, with revenue up 20% and gross profit before D&A up 33% compared to Q2 2024. Year-over-year, Q3 delivered 40% growth in revenue and 99% growth in gross profits before D&A.
Significant Net Income Growth
Net income grew by 26% compared to the second quarter, driven by margin improvement and SG&A reduction.
Strong Free Cash Flow Generation
The company generated $52 million of operating cash flow and $20 million of free cash flow during Q3 2024.
Expansion with New Contracts
Select secured multiple new long-term contracts, adding 25,000 acres under long-term dedication in the Permian Basin and 57,000 acres under right of first refusal, alongside two new pipeline connection agreements in the Bakken.
Dividend Increase
The quarterly dividend payment was increased by 17% to $0.07 per share.
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WTTR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WTTR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $11.13 | $13.97 | +25.52% |
| Jul 30, 2024 | $11.58 | $11.68 | +0.86% |
| Apr 30, 2024 | $9.07 | $8.95 | -1.32% |
| Feb 20, 2024 | $7.70 | $8.91 | +15.71% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Select Energy Services (WTTR) report earnings?
Select Energy Services (WTTR) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Select Energy Services (WTTR) earnings time?
Select Energy Services (WTTR) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WTTR EPS forecast?
WTTR EPS forecast for the fiscal quarter 2024 (Q4) is 0.08.
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