Neutral
PRNewsWire
2 months ago
Select Water Solutions Announces Second Quarter 2025 Financial and Operational Results and Other Strategic Updates
Generated $82.6 million of Operating Cash Flow and $10.8 million of Free Cash Flow during the second quarter of 2025 Increased net income by 22.1% and improved adjusted EBITDA by 13.4% sequentially during the second quarter of 2025 relative to the first quarter of 2025 Increased Water Infrastructure Revenue and Gross Profit by 12% and 17%, respectively, in the second quarter of 2025 relative to the first quarter of 2025 Announced asset swap transaction with OMNI Environmental Solutions ("OMNI"), whereby Select is acquiring infrastructure assets in the Bakken and divesting certain trucking operations within Water Services and other cash and stock consideration Announced the evaluation of strategic alternatives for Peak Rentals ("Peak") the power solutions, equipment rentals, and wellsite infrastructure business inside the Water Services segment Announced multiple new long-term contracted Water Infrastructure projects in the Permian backed by nearly 60,000 newly dedicated leasehold acres and 385,000 acres under right-of-first refusal GAINESVILLE, Texas , Aug. 5, 2025 /PRNewswire/ -- Select Water Solutions, Inc. (NYSE: WTTR) ("Select" the "Company", "we" or "us"), a leading provider of sustainable water and chemical solutions, today announced its financial and operating results for the quarter ended June 30, 2025, as well as other strategic updates. John Schmitz, Chairman of the Board, President and CEO, stated, "During the second quarter of 2025, Select improved its profitability and cash flow while continuing to advance its strategic objectives to grow Water Infrastructure scale and margin.