NYSE$WTTR
Select Water Solutions Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Select Water Solutions' fourth quarter earnings increased with revenue growth and a return to positive Adjusted EBITDA.
Select Energy Services reported a 32% sequential increase in revenue, reaching $133.3 million for the fourth quarter of 2020. The company returned to positive Adjusted EBITDA territory and maintains a strong financial position with $250 million in available liquidity and no debt outstanding.
- Q4 2020 revenue reached $133.3 million, a 32% sequential increase.
- The company achieved a return to positive Adjusted EBITDA territory.
- Available liquidity totaled $250 million, including $169 million in cash and cash equivalents.
- The company has no outstanding debt at the end of Q4 2020.
Headline financials
Revenue & EPS history
Select Water Solutions · Revenue · Quarterly
$133M
Revenue by segment
Select Water Solutions · $96.1M total across 2 segments · Q4 2020
- Water Services$59.9M-60.8%62.4%
- Water Infrastructure$36.1M-30.9%37.6%
Forward guidance
Select Energy Services anticipates revenue to increase between 5% and 10% in the first quarter of 2021, although margins could see a modest compression due to recent severe weather conditions. The company expects positive activity trends to continue throughout the rest of 2021.
Tailwinds
- Revenue is expected to increase between 5% and 10% in Q1 2021.
- Positive activity trends are expected to continue throughout the rest of 2021.
- The company has significant operating leverage.
- The company has a strong position in the marketplace with no debt, strong cash flow and a substantial cash balance.
- The company has the ability to leverage its competitive strengths as the oil and gas industry's leading sustainable water and chemical solutions provider to expand into new areas or other industries to take advantage of the energy transition.
Headwinds
- Recent severe weather conditions will cause some temporary, but significant disruptions across the business during the first quarter.
- Margins could see a modest compression in Q1 2021 due to weather conditions.
- Anticipated working capital headwinds during the first half of the year.
- The level of capital spending and access to capital markets by oil and gas companies, including significant recent reductions and potential additional reductions in capital expenditures by oil and gas producers in response to commodity prices and dramatically reduced demand.
- Trends and volatility in oil and gas prices, and our ability to manage through such volatility.
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 Q4 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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