Business
Select Water Solutions Announces First Quarter 2025 Financial, Operational and Strategic Updates
Select Water Solutions, Inc. (NYSE: WTTR) ("Select" or the "Company"), a leading provider of sustainable water and chemical solutions, today announced its financial and operating results for the quarter ended March 31, 2025.
About this update from Select Water Solutions, Inc.
[{"type":"text","content":"Generated first quarter 2025 consolidated revenue of $374.4 million, an increase of $25 million or 7% sequentially, as compared to the fourth quarter of 2024","length":157,"tagName":"p","attribs":{}},{"type":"text","content":"Increased net income by $11.7 million and improved adjusted EBITDA 14% sequentially during the first quarter of 2025 relative to the fourth quarter of 2024","length":155,"tagName":"p","attribs":{}},{"type":"text","content":"Announced multiple new long-term contracted Water Infrastructure projects in the Permian Basin backed by over 265,000 acres of new acreage and right-of-first refusal dedications, anticipating $100 million – $125 million of incremental capital deployed","length":251,"tagName":"p","attribs":{}},{"type":"text","content":"GAINESVILLE, Texas, May 6, 2025 /PRNewswire/ -- Select Water Solutions, Inc. (NYSE: WTTR) ("Select" or the "Company"), a leading provider of sustainable water and chemical solutions, today announced its financial and operating results for the quarter ended March 31, 2025.","length":292,"tagName":"p"},{"type":"text","content":"John Schmitz, Chairman of the Board, President and CEO, stated, "The first quarter represented a strong start to the year for Select, with net income increasing by $11.7 million and adjusted EBITDA increasing 14% sequentially compared to the fourth quarter of 2024. The first quarter of 2025 also saw strong top-line increases on a consolidated basis, in excess of our guidance, coupled with an increase in our consolidated margins. In addition to our base business performance, in the first quarter we continued our investment in organic infrastructure growth and built on our contracted project backlog with several new long-term contract announcements that add to our dedicated acreage position and provide substantial long-term revenue potential.","length":755,"tagName":"p","attribs":{}},{"type":"text","content":""In our Water Infrastructure segment, we increased both our recycling and disposal volumes during the first quarter of 2025, a trend we anticipate will continue as we look ahead to the second quarter. While we did see revenue and gross profit declines for the Water Infrastructure segment in the first quarter, which were consistent with our guidance and expectations, gross margins before D&A for the Water Infrastruct...