Select Water Solutions heads into earnings: what investors expect from WTTR

what happened

Select Water Solutions, an oilfield water management company, will publish its quarterly results on Monday before the market opens, according to StockStory. Last quarter the company reported revenue of $395.8 million, up 8.7% year on year, and beat analysts' revenue and EBITDA estimates. For the coming quarter, the market expects revenue growth of 23.4% year on year, after a 13.2% decline in the same quarter a year earlier. Analysts have broadly kept their estimates unchanged over the past 30 days.

Peers in oilfield services have already reported third-quarter numbers. ProPetro posted revenue growth of 20.9%, beating expectations by 14.1%, and TETRA Technologies reported revenue up 9.6%, topping estimates by 7.7%. ProPetro shares rose 4.1% after its results and TETRA Technologies gained 7.6%. Over the last month, oilfield services stocks have fallen 10.8% on average, while Select Water Solutions is down 17.5%, trading near $16.30.

why it matters

A single mid-sized company's report is unlikely to move the broad market, but it offers a read on demand for water handling services in oil production. Comparing it with ProPetro and TETRA helps show whether the sector's weakness reflects company-specific issues or wider sentiment.

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