NYSE$WTTR
Select Water Solutions Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Revenue increased sequentially, driven by strong recoveries in the Oilfield Chemicals segment and Bakken infrastructure, while net loss was reported.
Select Energy Services reported a revenue increase of 10% sequentially, reaching $101.2 million in Q3 2020. The company experienced a net loss of $36.3 million, although this was an improvement compared to the previous quarter's loss of $53.0 million. The revenue growth was primarily driven by the Oilfield Chemicals segment and Bakken infrastructure. The company's cash and cash equivalents totaled $185.4 million with no debt outstanding.
- Revenue for the third quarter of 2020 was $101.2 million, up 10% sequentially.
- Net loss for the third quarter of 2020 was $36.3 million, an improvement from the previous quarter.
- The Oilfield Chemicals segment and Bakken infrastructure drove revenue growth.
- Cash and cash equivalents totaled $185.4 million with no debt outstanding.
Headline financials
Revenue & EPS history
Select Water Solutions · Revenue · Quarterly
$101M
Revenue by segment
Select Water Solutions · $70.7M total across 2 segments · Q3 2020
- Water Services$54.5M—77.1%
- Water Infrastructure$16.2M—22.9%
Forward guidance
Select Energy Services anticipates further activity improvements in 2021 and is confident in identifying opportunities to deliver shareholder value while protecting its balance sheet. The company prepares to remain disciplined and patient to ensure they deliver value.
Tailwinds
- Expects positive trends to continue.
- Anticipates further activity improvements in 2021.
- Confident that they will identify opportunities to deliver clear shareholder value.
- Confident that they will enhance their market position.
- Prepared to remain disciplined and patient to ensure they deliver value.
Headwinds
- Current market conditions remain challenging.
- Global crude oil demand outlook is closely monitored.
- Pricing pressures remain a challenge in the Water Services segment.
- Significant reduction in the borrowing base since December 31, 2019.
- Unable to get back to breakeven EBITDA for the third quarter.
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 Q3 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
| 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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