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Select Energy Services Inc (WTTR)
NYSE:WTTR
RESEARCH TOOLSreports
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.13Last Year’s EPS
0.04Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 18, 2025
|% Change Since: -7.76%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong overall performance by Select Energy Services in 2024, with record growth in revenue and gross profit from the water infrastructure segment and significant expansions into new markets. Despite some challenges in water services and chemical technologies segments, as well as delayed revenue recognition, the company remains optimistic about its growth trajectory and sustainability initiatives.Company Guidance
During the call, Select Energy Services, Inc. provided guidance on several metrics highlighting their performance and strategic initiatives for 2024 and the outlook for 2025. In 2024, the company achieved a 26% annual revenue growth and a strong 62% increase in annual gross profit from their water infrastructure segment. They set a new all-time high for consolidated adjusted EBITDA, with $258 million recorded, alongside generating $235 million in cash flow from operating activities. The company also increased their base dividend by 17% and executed nearly a dozen small bolt-on infrastructure acquisitions. For 2025, they anticipate annual water infrastructure segment revenue and gross profit growth between 15% to 25%. Additionally, they expect to convert at least 30% of adjusted EBITDA into free cash flow. The company is also focusing on expanding their water infrastructure platform into the municipal, industrial, and agricultural water markets in Colorado, committing to an initial $62 million investment to consolidate one of the largest senior water rights and storage portfolios in the state.Record Financial Performance in 2024
Select Energy Services achieved a 26% annual revenue growth and a strong 62% growth in annual gross profit from the water infrastructure segment. Consolidated adjusted EBITDA reached a new all-time high, supported by strong cash flow from operations.
Water Infrastructure Growth
In 2024, Select transported, recycled, and disposed of record water volumes and increased produced water disposal volumes by 43% year over year. The company signed eight major new organic infrastructure projects under long-term contracts, encompassing $150 million of growth capital to be spent across 2024 and 2025.
Expansion into Municipal Water Market
Select Energy Services announced a $62 million investment in Colorado's municipal, industrial, and agricultural water markets, acquiring one of the largest senior water rights and storage portfolios in the state. This provides exposure to a high-margin, long-term contracted cash flow opportunity.
Strong Contract Backlog
Select's contract portfolio now includes more than 2.5 million acres under long-term area dedication, with a record high backlog of future projects. This positions the company for continued growth in 2025 and beyond.
Sustainability Initiatives
The company set a new five-year target to recycle over 400 million barrels of produced water annually by 2029 and renewed its sustainability-linked KPIs, maintaining a market-leading employee safety record.
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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 |
|---|---|---|---|
| Feb 18, 2025 | $13.40 | $12.68 | -5.37% |
| Nov 05, 2024 | $11.07 | $13.90 | +25.56% |
| Jul 30, 2024 | $11.52 | $11.62 | +0.87% |
| Apr 30, 2024 | $9.02 | $8.90 | -1.33% |
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 Inc (WTTR) report earnings?
Select Energy Services Inc (WTTR) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Select Energy Services Inc (WTTR) earnings time?
Select Energy Services Inc (WTTR) earnings time is at May 06, 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 2025 (Q1) is 0.13.
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