September 26, 2017 1:22 PM ET

Energy Equipment and Services

Company Overview of Select Energy Services, Inc.

Company Overview

Select Energy Services, Inc., an oilfield services company, provides water solutions to the United States unconventional oil and gas industry. The company operates through three segments: Water Solutions, Accommodations and Rentals, and Wellsite Completion and Construction Services. The Water Solutions segment provides water solutions, including the sourcing of water; the transfer of the water to the wellsite through permanent pipeline infrastructure and temporary pipe; the containment of fluids off-and on-location; measuring and monitoring of water; the filtering and treatment of fluids, well testing, and handling of flowback and produced formation water; and the transportation and recyclin...

1820 North I-35

PO Box 1715

Gainesville, TX 76241

United States

Founded in 2016

1,700 Employees

Phone:

940-668-0259

Key Executives for Select Energy Services, Inc.

Chairman & CEO
Age: 57
Total Annual Compensation: $440.4K
CFO & Senior VP
Age: 57
Total Annual Compensation: $385.0K
President of Water Solutions
Age: 40
Total Annual Compensation: $356.3K
Compensation as of Fiscal Year 2016.

Select Energy Services, Inc. Key Developments

Select Energy Services Seeks Acquisitions

Select Energy Services, Inc. (NYSE:WTTR) is looking for acquisition opportunities. John D. Schmitz , Chairman & Chief Executive Officer said, We have small acquisition in final negotiations and will continue to look for small tuck-in opportunities as they arise.

Select Energy Services Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2017

Select Energy Services, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported total revenue was $134,449,000 against $62,919,000 a year ago. Loss from operations was $11,909,000 against $224,822,000 a year ago. Loss before tax expense was $10,628,000 against $228,181,000 a year ago. Net loss attributable to the company was $4,216,000. EBITDA was $13,054,000 against negative EBITDA of $197,333,000 a year ago. Adjusted EBITDA was $27,250,000 against $13,769,000 a year ago. Basic & Diluted net loss per share attributable to common stockholders for class A-1 and class A was $0.16 compared with $0.36 a year ago. Through the second quarter, the company has spent $42 million in CapEx. For the period, the company reported total revenue was $234,374,000 against $141,758,000 a year ago. Loss from operations was $24,417,000 against $246,373,000 a year ago. Loss before tax expense was $22,802,000 against $253,665,000 a year ago. Net loss attributable to the company was $8,388,000. Net cash used in operating activities was $24,010,000 against net cash provided by operating activities of $10,977,000 a year ago. Purchase of property, equipment, and intangible assets was $41,680,000 against $26,009,000 a year ago. Basic & Diluted net loss per share attributable to common stockholders for class A-1 and class A was $0.16 compared with $0.36 a year ago.

Select Energy Services, Inc. to Report Q2, 2017 Results on Aug 03, 2017

Select Energy Services, Inc. announced that they will report Q2, 2017 results at 5:00 PM, Eastern Standard Time on Aug 03, 2017

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