Filing Flows › Select Water Solutions (WTTR) › Q4 2024
Select Water Solutions (WTTR) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 19, 2025
Select Water Solutions (WTTR) reported revenue of $349M for the fourth quarter 2024 (Q4 2024), -7% from a year earlier and -6% from the quarter before. Operating margin was 0.7%, net loss $2.1M (0.6% of revenue).
Select Water Solutions, Q4 2024: revenue $349M (-7% year over year), operating margin 0.7%, net loss $2.1M, operating cash flow $67.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $349M | -6% | -7% |
| Operating profit | $2.6M | — | — |
| Net earnings | −$2.1M | — | — |
| Operating cash flow | $67.8M | +31% | -19% |
| Free cash flow | $16.2M | — | -71% |
What changed
Revenue was $349.0M in Q4 2024, down 7% year over year and down 6% from the previous quarter. Water Services was the largest line at 60% of revenue.
Gross margin was 12.7%, down 1.9 points from a year earlier. Operating profit was $2.6M, a 0.7% margin (down 1.0 points year over year). Operating expenses fell 13% while revenue fell 7%. The fastest-growing cost line was Other operating costs (+26%). The quarter ended with a net loss of $2.1M, after a profit of $18.8M the previous quarter. Minority interests bore $494K of it: to shareholders the quarter was a loss of $1.6M. Net interest and other expense of $2.4M was the main reason.
Operating cash flow was $67.8M (down 19% year over year). Non-cash charges added back $41.0M of depreciation and amortization and $8.0M of share-based compensation. Working capital and other items added $20.9M. After purchase of property and equipment, net ($51.5M), free cash flow as the company reports it was $16.2M.
Questions
What was Select Water Solutions' revenue in the fourth quarter 2024?
Select Water Solutions (WTTR) reported revenue of $349M for the fourth quarter 2024 (Q4 2024), -7% from a year earlier and -6% from the quarter before.
Was Select Water Solutions profitable in the fourth quarter 2024?
Operating profit was $2.6M (0.7% of revenue) and net loss $2.1M.