NYSE$WTTR

Select Water Solutions Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Select Energy Services reported financial results and operational updates for Q1 2020.

Select Energy Services reported revenue of $278.3 million and a net loss of $291.2 million for the first quarter of 2020. The company generated $47 million in cash flow from operations and had $114 million of cash on hand with no debt outstanding.

  • Revenue for the first quarter of 2020 was $278.3 million.
  • Net loss for the first quarter of 2020 was $291.2 million.
  • Gross profit was $15.3 million in the first quarter of 2020.
  • The company had $114 million of cash and no debt outstanding at the end of the first quarter of 2020.

Headline financials

Total Revenue

$278M

Previous: $363M-23.3%
EPS (adj)

-$2.86

Previous: $0.01-28700.0%
Adjusted EBITDA

$23.7M

No prior period
Capital Expenditures

-$11.3M

Previous: -$36.5M+68.9%
Free Cash Flow

-$257M

Previous: -$35.4M-627.1%
Net Income

-$246M

Previous: $1.14M-21761.9%
Operating Income

-$291M

Previous: $6.63M-4484.6%
Gross Profit

$15.3M

Previous: $46M-66.7%
Cash & Equivalents

$114M

Previous: $15.7M+627.8%
Total Assets

$1.03B

Previous: $1.41B-27.3%

Revenue & EPS history

Select Water Solutions · Revenue · Quarterly

$278M

Q1 2020-23.3%vs Q1 2019
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Select Water Solutions · $207M total across 2 segments · Q1 2020

  • Water Services
    $150M-32.2%
  • Water Infrastructure
    $57.8M+7.7%

Forward guidance

The company expects to realize annualized SG&A savings of at least $30 million by the third quarter of 2020 and 2020 capital expenditures to be no greater than $20 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+1.5%

Avg return

Earnings day

+2.1%

Avg return

5 days after

-0.0%

Avg return

30 days after

46%

17 / 37 earnings

Positive

+32.2%

Q3 2024

Best reaction

-13.0%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.9%+2.1%+4.4%
Q4 2025+9.1%-3.5%+8.7%
Q3 2025-1.3%-5.8%-4.1%
Q2 2025-5.4%-9.8%-8.2%
Q1 2025-11.8%+4.5%+7.4%
Q4 2024-5.4%-9.0%-24.0%
Q3 2024+32.2%+32.0%+38.1%
Q2 2024+2.7%-3.0%-0.4%
Q1 2024-4.1%-3.7%+12.2%
Q4 2023+16.0%+12.4%+18.6%
Q3 2023+2.2%+3.6%+0.5%
Q2 2023+0.1%-3.3%-2.3%
Q1 2023-2.6%+0.5%-0.8%
Q4 2022-13.0%-9.9%-23.4%
Q3 2022-6.2%+1.1%-11.2%
Q2 2022-1.3%-2.9%-3.2%
Q1 2022+9.9%+10.6%+11.8%
Q4 2021+14.0%+9.8%+18.6%
Q3 2021+4.2%+15.5%-5.6%
Q2 2021-5.6%-5.8%-2.6%
Q1 2021+15.2%+30.1%+26.3%
Q4 2020+3.3%-1.1%-16.7%
Q3 2020-5.2%+0.9%+38.3%
Q2 2020+8.7%+8.7%-1.3%
Q1 2020+4.2%+22.6%+31.2%
Q4 2019-1.1%-10.5%-58.1%
Q3 2019-1.1%-0.2%+0.0%
Q2 2019-4.1%-3.2%-3.4%
Q1 2019-3.8%-0.9%-3.9%
Q4 2018+4.9%+4.9%+23.4%
Q3 2018+11.8%+4.9%-10.7%
Q2 2018-5.0%-14.9%-23.5%
Q1 2018+6.9%+11.6%-9.6%
Q4 2017-6.0%-6.0%-17.2%
Q3 2017-4.0%-5.3%-3.9%
Q2 2017-0.7%-1.3%-5.5%
Q1 2017-1.6%
Q3 2016
Q2 2016
Q1 2016
Q4 2015

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