NYSE$WTTR
Select Water Solutions Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Select Energy Services experienced revenue growth and strategic M&A execution
Select Energy Services reported revenue of $204.6 million for Q3 2021, a 27% increase sequentially, and a net loss of $14.2 million, an improvement from the previous quarter. The company focused on improving its base business, advancing technology and ESG efforts, and executing strategic M&A, with Adjusted EBITDA doubling quarter over quarter to $15.1 million.
- Generated 27% consolidated sequential revenue growth in Q3 2021.
- Adjusted EBITDA doubled quarter over quarter to $15.1 million.
- Legacy Select base business revenue grew sequentially by 9%.
- Completed the expansion of the largest recycling facility in Martin County, Texas, and constructed three new Permian Basin recycling facilities.
Headline financials
Revenue & EPS history
Select Water Solutions · Revenue · Quarterly
$205M
Revenue by segment
Select Water Solutions · $149M total across 2 segments · Q3 2021
- Water Services$112M+106.3%75.4%
- Water Infrastructure$36.8M+127.6%24.6%
Forward guidance
The Company anticipates low- to mid-teen percentage sequential revenue growth in the Oilfield Chemicals segment during the fourth quarter. The Company expects to see low double-digit to mid-teen percentage revenue growth with modest improvements to gross margins before D&A in Water Services. For the Water Infrastructure segment, the Company anticipates the combination of contributions from Agua Libre and the recently completed recycling projects will result in high single-digit to low double-digit percentage revenue growth, with gross margins before D&A in the low- to mid-20 percent range.
Tailwinds
- Continued pricing improvements.
- Incremental contributions from production services operations recently acquired from Basic.
- Combination of contributions from Agua Libre.
- Recently completed recycling projects.
- Supply chain disruptions beginning to normalize and the Tyler facility back up and running.
Headwinds
- Raw materials pricing challenges.
- Costs associated with the reactivation of the Tyler facility.
- Previously anticipated recovery in Bakken pipeline activity has largely pushed into early 2022 with modifications to customer schedules.
- Continued pricing challenges.
- Costs associated with the reactivation of facilities.
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 2021
+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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