Select Energy Services, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 02, 2022 at 06:35 am EDT
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Select Energy Services, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 74.4 million compared to USD 36.79 million a year ago. Revenue was USD 375.07 million compared to USD 204.63 million a year ago. Net income was USD 21.32 million compared to net loss of USD 12.04 million a year ago. Basic earnings per share from continuing operations was USD 0.23 compared to basic loss per share from continuing operations of USD 0.14 a year ago. Diluted earnings per share from continuing operations was USD 0.22 compared to diluted loss per share from continuing operations of USD 0.14 a year ago.
For the nine months, sales was USD 193.23 million compared to USD 107.92 million a year ago. Revenue was USD 1,005.74 million compared to USD 509.49 million a year ago. Net income was USD 40.63 million compared to net loss of USD 51.72 million a year ago. Basic earnings per share from continuing operations was USD 0.44 compared to basic loss per share from continuing operations of USD 0.6 a year ago. Diluted earnings per share from continuing operations was USD 0.43 compared to diluted loss per share from continuing operations of USD 0.6 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. 
