LONDON, UK / ACCESSWIRE / June 19, 2018 / If you want access to our free earnings report on Select Energy Services, Inc. (NYSE: WTTR) ("Select Energy"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=WTTR. The Company reported its first quarter fiscal 2018 operating and financial results on May 10, 2018. The provider of total water management and chemical solutions to the North American unconventional oil and gas industry surpassed earnings estimates. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Select Energy Services most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For the first quarter of the fiscal year 2018, Select Energy's revenues were $376.4 million compared to $304.2 million in Q4 2017 and $99.9 million in Q1 2017. The Company's revenue numbers were slightly lower than analysts' estimates by $1.22 million.

During Q1 2018, Select Energy's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) were $59.6 million compared to $43.9 million in Q4 2017 and $13.8 million in Q1 2017.

For Q1 2018, Select Energy reported a net income attributable to common shareholders of $10.1 million, or $0.15 per diluted share, compared to a net loss of $14.9 million in Q4 2017 and $4.2 million, or $0.21 loss per share, in Q1 2017. Select Energy's earnings numbers surpassed Wall Street's estimates of $0.08 per share.

Due to the timing of Select Energy's merger with Rockwater Energy Solutions, Inc. ("Rockwater") that closed on November 01, 2017, the Company's results for Q4 2017 do not include Rockwater's operating results for the month of October 2017, which included approximately $70.1 million in revenues, $0.7 million in net income, and $7.7 million in adjusted EBITDA.

Segment Results

During Q1 2018, Select Energy's Water Solution and Related Services segment generated revenues of $281.6 million compared to $78.4 million in Q1 2017. The Company's Oilfield Chemical segment generated revenues of $63.6 million in the reported quarter.

For Q1 2018, Select Energy's Wellsite Completion and Construction Services segment generated revenues of $16.5 million compared to $12.0 million in Q1 2017.

Cash Flow and Balance Sheet

Select Energy's cash flow from operations was $35.2 million in Q1 2018. The Company's capital expenditure was $32.6 million in the reported quarter, which were fully funded with cash flow from operations, which also included $18.2 million of working capital build.

During Q1 2018, Select Energy's total cash increased $3.3 million and, at March 31, 2018, the Company's cash and cash equivalents totaled $6.1 million, and its outstanding borrowings under its revolving credit facility was $75.0 million. In addition to cash and cash equivalents, the Company had approximately $160.8 million of available borrowing capacity under its revolving credit facility after giving effect to $19.8 million of outstanding letters of credit, providing a total liquidity of $166.9 million.

Stock Performance Snapshot

June 18, 2018 - At Monday's closing bell, Select Energy Services' stock slightly climbed 0.22%, ending the trading session at $13.75.

Volume traded for the day: 932.91 thousand shares, which was above the 3-month average volume of 641.49 thousand shares.

Stock performance in the previous three-month period ? up 3.00%; and past twelve-month period ? up 13.08%

After yesterday's close, Select Energy Services' market cap was at $1.44 billion.

Price to Earnings (P/E) ratio was at 42.70.

The stock is part of the Industrial Goods sector, categorized under the Pollution & Treatment Controls industry.

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