Select Water Solutions, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 31, 2023 at 04:15 pm EDT
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Select Water Solutions, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 58.38 million compared to USD 31.37 million a year ago. Revenue was USD 389.27 million compared to USD 375.07 million a year ago. Net income was USD 14.35 million compared to USD 21.32 million a year ago. Basic earnings per share from continuing operations was USD 0.14 compared to USD 0.23 a year ago. Diluted earnings per share from continuing operations was USD 0.14 compared to USD 0.22 a year ago.
For the nine months, sales was USD 169.12 million compared to USD 80.69 million a year ago. Revenue was USD 1,210.49 million compared to USD 1,005.74 million a year ago. Net income was USD 46.81 million compared to USD 40.63 million a year ago. Basic earnings per share from continuing operations was USD 0.46 compared to USD 0.44 a year ago. Diluted earnings per share from continuing operations was USD 0.45 compared to USD 0.43 a year ago.
Select Water Solutions, Inc. is a provider of sustainable water and chemical solutions to the energy industry. The Company operates in three segments: Water Services, Water Infrastructure, and Chemical Technologies. The Water Services segment consists of its services businesses, including water sourcing, water transfer, flowback and well testing, fluid hauling, water monitoring, water containment and water network automation, serving exploration and production (E&P) companies. The Water Infrastructure segment provides recycling, gathering, transferring and disposal of water. Its operations are enabled by a network of permanent pipeline infrastructure, semi-permanent pipeline infrastructure, water recycling facilities, earthen pits, water sources and SWDs. The Chemical Technologies segment develops, manufactures, manages logistics and provides a full suite of completion chemical products utilized in hydraulic fracturing, stimulation, cementing and related well completion processes.
SELECT WATER SOLUTIONS, INC. 
