MARKET COMPOSITE
WTTR - Select Energy Services Inc8:00:02 PM 4/26/2024
Price
$9.48
+ 0.06 (0.64%)
Select Energy Services, Inc., an oilfield services company, provides water management and chemical solutions to the onshore oil and natural gas industry in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Oilfield Chemicals. The Water Services segment provides water-related services, including water transfer, flow back and well testing, water containment, fluids hauling, water monitoring, and water network automation; technology solutions comprising hydrographic mapping, water volume and quality monitoring, remote pit and tank monitoring, leak detection, asset and fuel tracking, and automated-equipment services, as well as various on-site rental equipment and workforce accommodation services. The Water Infrastructure segment develops, builds, and operates semi-permanent and permanent infrastructure solutions to support oil and gas well development. The Oilfield Chemicals segment develops, manufactures, and provides a suite of chemicals used in hydraulic fracturing, stimulation, cementing, production, pipelines, and well completions, including polymer slurries, cross linkers, friction reducers, biocides, scale inhibitors, corrosion inhibitors, buffers, breakers, and other chemical technologies to pressure pumping, and integrated and independent oil and gas producers. This segment also offers production chemical solutions for underperforming wells in order to enhance well performance and reduce production costs; and ancillary oilfield services comprising corrosion and scale monitoring, chemical inventory management, well failure analysis, and lab services. Select Energy Services, Inc. was founded in 2016 and is headquartered in Houston, Texas.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue374.9MM-4%
Gross Profit54.6MM-3%
Cost Of Revenue320.3MM-4%
Operating Income6.7MM-60%
Operating Expenses47.9MM+21%
Net Income27.6MM+92%
G&A46.4MM+19%
Amortization4.7MM-0%
Interest Expense103K-87%
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