Select Energy Services, Inc. (NYSE:WTTR) Q3 2022 Earnings Conference Call November 3, 2022 11:00 AM ET Company Participants Chris George - SVP, IR John Schmitz - Founder, Chairman, President & CEO Nicholas Swyka - SVP & CFO Michael Skarke - EVP & Chief Operating Officer Conference Call Participants John Daniel - Daniel Energy Partners Tom Curran - Seaport Research Partners Operator Greetings and welcome to the Select Energy Services Third Quarter Earnings Conference Call. At this time, all participants are ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to ________________ Commission File Number 001-38066 SELECT ENERGY SERVICES, INC. (Exact name of registrant as specified in its cha ...

Select Energy Services, Inc. (NYSE:WTTR) Q2 2022 Earnings Conference Call August 3, 2022 11:00 AM ET Company Participants Chris George - Senior Vice President, Investor Relations John Schmitz - Founder, Chairman, President and Chief Executive Officer Nick Swyka - Senior Vice President and Chief Financial Officer Michael Skarke - Executive Vice President and Chief Operating Officer Conference Call Participants Don Crist - Johnson Rice Tom Curran - Seaport Research Partners John Daniel - Daniel Energy Partner ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to ________________ Commission File Number 001-38066 SELECT ENERGY SERVICES, INC. (Exact name of registrant as specified in its charter) ...

Select Energy Services, Inc. (NYSE:WTTR) Q1 2022 Earnings Conference Call May 4, 2022 11:00 AM ET Company Participants Chris George - Senior Vice President, Investor Relations John Schmitz - Founder, Chairman, President and Chief Executive Officer Nick Swyka - Senior Vice President and Chief Financial Officer Michael Skarke - Executive Vice President and Chief Operating Officer Conference Call Participants Ian McPherson - Piper Sandler Tom Curran - Seaport Research Partners Don Crist - Johnson Rice John Dan ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to ________________ Commission File Number 001-38066 SELECT ENERGY SERVICES, INC. (Exact name of registrant as specified in its charter ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38066 Select Energy Services, Inc. (Exact name of registrant as specified in its charter) Delaware 81-4561945 (Sta ...

Financial Data and Key Metrics Changes - Total revenues for 2021 were $765 million, with adjusted EBITDA of $50 million, showing growth in revenue, margins, and adjusted EBITDA every quarter throughout the year [10] - In Q4, revenues increased by 25% quarter-over-quarter to $255 million, and adjusted EBITDA grew by over 70% to $26.4 million, compared to $15.1 million in Q3 [25][19] - The company reported a net income of $11.1 million in Q4, a significant improvement from a net loss of $14.2 million in Q3 [25] Business Line Data and Key Metrics Changes - The Chemicals segment saw a revenue increase of 22% quarter-over-quarter, with improved margins despite no direct benefits from recent acquisitions [26] - Water Services segment revenues grew by 25% in Q4, maintaining gross margins between 15% and 16% [32] - Water Infrastructure revenue increased by 27% to $47 million in Q4, driven by increased activity and contributions from newly acquired assets [35] Market Data and Key Metrics Changes - The company noted a strong commodity price backdrop with oil prices around $90 and natural gas prices exceeding $4, contributing to revenue growth [16] - North America onshore E&P budgets are expected to rise by 25% to 35% year-over-year in 2022, indicating a positive outlook for the industry [17] Company Strategy and Development Direction - The company is focused on improving its base business, advancing technology, and pursuing strategic M&A, having closed several acquisitions in 2021 that added nearly $300 million in run-rate revenues [12] - The company aims to create revenue synergies and capture cost savings through increased efficiency and pricing gains across its business [14] - Future investments will focus on technology, sustainability, and diversification initiatives, particularly in water recycling and chemical solutions [15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2022, anticipating strong growth driven by recent acquisitions, technology investments, and a favorable macro environment [22] - The company expects to continue growing its business, improving pricing, and generating free cash flow in 2022 [20] - Management acknowledged ongoing cost pressures due to inflation but remains confident in their ability to push pricing and expand margins [47] Other Important Information - The company recycled 25 million barrels of produced water in 2021 and expects to increase these volumes in 2022 [28] - Free cash flow in Q4 was negative $6.4 million, with cash on hand decreasing by about $22 million during the quarter [38] Q&A Session Summary Question: How are pricing negotiations going in the inflationary environment? - Management reported success in pushing pricing for both Chemicals and Water Solutions, while also addressing cost pressures from labor and raw materials [47] Question: What is the outlook for M&A opportunities? - Management remains open to M&A opportunities that add strategic assets and geographic footprint, emphasizing the need for attractive valuations [49][50] Question: What is the expected performance of Water Infrastructure in the Bakken? - Management noted that Q2 is typically a slower season in the Bakken but expects opportunities to build a broader network with new assets from Nuverra [54] Question: What are the expected incrementals for the base business? - Historical incrementals of 30% are considered reasonable, with expectations of strong pricing gains despite cost inflation [56] Question: What is the focus for recycling technology investments? - The company is focused on building out existing infrastructure and servicing current customers, with opportunities for standalone systems in key regions [63]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 or Table of Contents For the transition period from _______________ to ________________ Commission File Number 001-38066 SELECT ENERGY SERVICES, INC. (Exact name of registrant as specified in its charter) Delaware 81-4561945 (State of incorporation) (IRS Employer 1233 W. Loop South, Suite ...

Select Energy Services, Inc. (NYSE:WTTR) Q3 2021 Earnings Conference Call November 3, 2021 11:00 AM ET Company Participants Chris George - VP, IR & Treasurer John Schmitz - President, CEO & Chairman Nicholas Swyka - CFO & SVP Michael Skarke - EVP & COO Conference Call Participants Ian MacPherson - Piper Sandler & Co. Thomas Curran - Seaport Research Partners Daniel Burke - Johnson Rice & Company John Lowe - Citigroup John Daniel - Daniel Energy Partners Operator Greetings, and welcome to the Select Energy S ...