Select Water Solutions Q1 Revenue and Adjusted EBITDA Top Estimates
WTTR has more than doubled off its 52-week low of $7.2.
Summary
Select Water Solutions reported strong first-quarter results, with revenue reaching $366 million, comfortably surpassing the IBES estimate of $344.7 million. The company also delivered a significant beat on profitability, posting adjusted EBITDA of $77.6 million, well above the $65.7 million estimate. These robust financial figures demonstrate strong operational execution and could drive positive momentum for the stock, which is currently trading near its 52-week high. Traders will be closely monitoring any forward-looking guidance or commentary from management regarding market conditions and future performance.
At the time of this announcement, WTTR was trading at $17.25 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $2.4B. The 52-week trading range was $7.20 to $17.36. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.