Select Water Solutions Past Earnings Performance

Past criteria checks 2/6

Select Water Solutions has been growing earnings at an average annual rate of 62.1%, while the Energy Services industry saw earnings growing at 35.7% annually. Revenues have been growing at an average rate of 12.7% per year. Select Water Solutions's return on equity is 7.1%, and it has net margins of 4.1%.

Key information

62.1%

Earnings growth rate

62.0%

EPS growth rate

Energy Services Industry Growth	23.3%
Revenue growth rate	12.7%
Return on equity	7.1%
Net Margin	4.1%
Last Earnings Update	30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Select Water Solutions makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:18RA Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	1,478	60	163
30 Jun 24	1,496	58	161
31 Mar 24	1,535	66	158
31 Dec 23	1,585	74	152
30 Sep 23	1,592	54	125
30 Jun 23	1,578	61	121
31 Mar 23	1,509	54	118
31 Dec 22	1,387	48	110
30 Sep 22	1,261	50	106
30 Jun 22	1,090	17	98
31 Mar 22	916	-12	87
31 Dec 21	765	-42	75
30 Sep 21	643	-70	70
30 Jun 21	539	-88	64
31 Mar 21	471	-116	63
31 Dec 20	605	-339	71
30 Sep 20	748	-331	80
30 Jun 20	976	-295	92
31 Mar 20	1,207	-244	105
31 Dec 19	1,292	3	110
30 Sep 19	1,378	-1	102
30 Jun 19	1,446	17	100
31 Mar 19	1,515	28	99
31 Dec 18	1,529	37	102
30 Sep 18	1,471	40	97
30 Jun 18	1,228	19	88
31 Mar 18	969	-3	72
31 Dec 17	692	-17	56
30 Sep 17	475	-8	44
30 Jun 17	395	-9	37
31 Mar 17	323	45	35
31 Dec 16	302	-1	35
30 Sep 16	314	-27	40
31 Dec 15	536	0	57

Quality Earnings: 18RA has a large one-off loss of $4.3M impacting its last 12 months of financial results to 30th September, 2024.

Growing Profit Margin: 18RA's current net profit margins (4.1%) are higher than last year (3.4%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 18RA has become profitable over the past 5 years, growing earnings by 62.1% per year.

Accelerating Growth: 18RA's earnings growth over the past year (10%) is below its 5-year average (62.1% per year).

Earnings vs Industry: 18RA earnings growth over the past year (10%) did not outperform the Energy Services industry 16.6%.

Return on Equity

High ROE: 18RA's Return on Equity (7.1%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/30 16:46
End of Day Share Price	2024/12/30 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Select Water Solutions, Inc. is covered by 15 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
John Lowe	BofA Global Research
Thomas Curran	B. Riley Securities, Inc.
Scott Gruber	Citigroup Inc

Select Water Solutions Past Earnings Performance

Past criteria checks 2/6

Key information

Recent past performance updates

Third quarter 2024 earnings released: EPS: US$0.16 (vs US$0.14 in 3Q 2023)

Select Water Solutions, Inc. to Report Q3, 2024 Results on Nov 05, 2024

Second quarter 2024 earnings released: EPS: US$0.13 (vs US$0.20 in 2Q 2023)

Select Water Solutions, Inc. to Report Q2, 2024 Results on Jul 30, 2024

First quarter 2024 earnings released: EPS: US$0.04 (vs US$0.12 in 1Q 2023)

Select Water Solutions, Inc. to Report Q1, 2024 Results on Apr 30, 2024

Recent updates

Investor sentiment improves as stock rises 30%

New minor risk - Share price stability

Third quarter 2024 earnings released: EPS: US$0.16 (vs US$0.14 in 3Q 2023)

Second quarter dividend of US$0.07 announced

Select Water Solutions Increases Quarterly Cash Dividend 17%, Payable November 15, 2024

Select Water Solutions, Inc. to Report Q3, 2024 Results on Nov 05, 2024

Now 21% overvalued after recent price rise

Now 22% overvalued after recent price rise

Second quarter 2024 earnings released: EPS: US$0.13 (vs US$0.20 in 2Q 2023)

Select Water Solutions, Inc. (NYSE:WTTR) acquired Disposal assets and operations in the Northeast for $9 million.

First quarter dividend of US$0.06 announced

Select Water Solutions, Inc. to Report Q2, 2024 Results on Jul 30, 2024

First quarter 2024 earnings released: EPS: US$0.04 (vs US$0.12 in 1Q 2023)

Select Water Solutions, Inc. (NYSE:WTTR) acquired Trinity Environmental Services, L.L.C. for $29.4 million.

Fourth quarter dividend of US$0.06 announced

Select Water Solutions, Inc. Announces Quarterly Cash Dividend, to Be Paid on May 15, 2024

Select Water Solutions, Inc. to Report Q1, 2024 Results on Apr 30, 2024

Select Water Solutions, Inc., Annual General Meeting, May 08, 2024

Select Water Solutions, Inc. Announces Chief Financial Officer Changes

Select Water Solutions, Inc. Announces Chief Financial Officer Changes

Senior VP of Corporate Development recently sold €183k worth of stock

Full year 2023 earnings released: EPS: US$0.73 (vs US$0.51 in FY 2022)

Third quarter dividend of US$0.06 announced

Select Water Solutions, Inc. (NYSE:WTTR) acquired SWD Assets of Iron Mountain Energy LLC.

Select Water Solutions, Inc. to Report Q4, 2023 Results on Feb 20, 2024

Third quarter 2023 earnings released: EPS: US$0.14 (vs US$0.23 in 3Q 2022)

Select Water Solutions, Inc. Announces 20% Increase to Quarterly Cash Dividend, Payable on November 17, 2023

Select Water Solutions, Inc. Announces 20% Increase to Quarterly Cash Dividend, Payable on November 17, 2023

Select Water Solutions, Inc. to Report Q3, 2023 Results on Oct 31, 2023

New minor risk - Earnings quality

Second quarter 2023 earnings released: EPS: US$0.20 (vs US$0.13 in 2Q 2022)

Select Water Solutions, Inc. to Report Q2, 2023 Results on Aug 02, 2023

First quarter 2023 earnings released: EPS: US$0.12 (vs US$0.074 in 1Q 2022)

Investor sentiment improves as stock rises 15%

Investor sentiment deteriorates as stock falls 17%

CFO & Senior VP recently sold €87k worth of stock

Full year 2022 earnings released: EPS: US$0.51 (vs US$0.48 loss in FY 2021)

Select Energy Services, Inc. to Report Q4, 2022 Results on Feb 21, 2023

Select Energy Services, Inc. Announces Quarterly Cash Dividend, Payable on February 17, 2023

Select Energy Services, Inc. Announces Board Changes

Third quarter 2022 earnings released: EPS: US$0.23 (vs US$0.14 loss in 3Q 2021)

Select Energy Services, Inc. (NYSE:WTTR) acquired Breakwater Energy Partners, LLC for approximately $100 million.

Select Energy Services Announces Initial Quarterly Distribution, Payable on November 17, 2022

Select Energy Services, Inc. to Report Q3, 2022 Results on Nov 02, 2022

Select Energy Services, Llc and Select Energy Services, Inc. Enters into A Transition and Separation Agreement and General Release of Claims with Adam R. Law, the Senior Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer

Investor sentiment improved over the past week

Select Energy Services, Inc. Announces Initiation of Formal Quarterly Dividend Program Beginning After the Third Quarter of 2022

Second quarter 2022 earnings released: EPS: US$0.13 (vs US$0.19 loss in 2Q 2021)

Select Energy Services, Inc. Provides Revenue Guidance for the Third Quarter of 2022

Select Energy Services, Inc. to Report Q2, 2022 Results on Aug 02, 2022

Select Energy Services, Inc. Elects Luis Fernandez-Moreno as Director

First quarter 2022 earnings released: EPS: US$0.074 (vs US$0.27 loss in 1Q 2021)

Select Energy Services, Inc. to Report Q1, 2022 Results on May 03, 2022

Select Energy Services, Inc. (NYSE : WTTR) completed the acquisition of Nuverra Environmental Solutions, Inc. (NYSEAM:NES) from Gates Capital Management, Inc. and others.

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Select Energy Services, Inc. to Report Q4, 2021 Results on Feb 22, 2022

Select Energy Services, Inc. (NYSE : WTTR) entered into an Agreement and Plan of Merger to acquire Nuverra Environmental Solutions, Inc. (NYSEAM:NES) for $45 million.

VP & Chief Accounting Officer recently sold €53k worth of stock

Third quarter 2021 earnings released: US$0.14 loss per share (vs US$0.36 loss in 3Q 2020)

Consultant Mitchell Shauf has left the company

Select Energy Services, Inc. (NYSE:WTTR) entered into an asset purchase agreement to acquire Substantially all of the Water Logistics segment assets from Basic Energy Services, Inc.

Select Energy Services, Inc. (NYSE:WTTR) acquired ULTRecovery Corporation.

Second quarter 2021 earnings released: US$0.19 loss per share (vs US$0.52 loss in 2Q 2020)

Select Energy Services, Inc. (NYSE:WTTR) acquired Substantially all of the Water-related Assets & Ongoing Operations from Complete Energy Services, Inc. for $34.5 million.

Independent Director has left the company

First quarter 2021 earnings released: US$0.27 loss per share (vs US$2.86 loss in 1Q 2020)

New 90-day high: €5.55

Revenue beats expectations

Full year 2020 earnings released: US$3.98 loss per share (vs US$0.035 profit in FY 2019)