NYSE$WTTR
Select Water Solutions Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Revenue increased sequentially, net income was positive, and strategic acquisitions contributed to growth.
Select Energy Services reported strong first quarter results with revenue increasing 16% sequentially to $294.8 million and net income of $8.0 million. The company benefitted from strong commodity prices and industry activity, with contributions from recent acquisitions like Nuverra Environmental Solutions. They continued to focus on sustainability, shareholder returns, and strategic infrastructure development.
- Revenue of $294.8 million, up 16% sequentially from Q4 2021.
- Net income of $8.0 million and Adjusted EBITDA of $32.2 million.
- Repurchased 2.3 million shares of Class A common stock for $16.4 million.
- Closed on the acquisition of Nuverra Environmental Solutions, Inc.
Headline financials
Revenue & EPS history
Select Water Solutions · Revenue · Quarterly
$295M
Revenue by segment
Select Water Solutions · $222M total across 2 segments · Q1 2022
- Water Services$164M+154.7%73.6%
- Water Infrastructure$58.6M+54.9%26.4%
Forward guidance
The company anticipates continued growth and margin improvements in the second quarter of 2022, driven by pricing improvements, market activity, and incremental contributions from the Nuverra acquisition. Stable revenues are expected in the Oilfield Chemicals segment with consistent gross margins.
Tailwinds
- Water Services segment expects 8% – 12% revenue growth
- Water Services segment expects modest gross margin improvements
- Water Infrastructure anticipates revenue growth of 5% – 10%
- Water Infrastructure expects gross margins before D&A in mid- to high-20 percent range
- Oilfield Chemicals anticipates relatively stable revenues
Headwinds
- Oilfield Chemicals anticipates continued supply chain challenges
- Water Infrastructure gross margins impacted by increased integration costs
- Water Infrastructure gross margins impacted by operational downtime related to the maintenance and upgrades of recently acquired assets.
- Cash flow from operations was significantly impacted by a $44.9 million use of cash to fund working capital needs of the business
- Adjusted EBITDA was negatively impacted by the deduction of $11.4 million of non-recurring bargain purchase price gains
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 2022
+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
| Quarter | Report date | Reaction (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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