Select energy services announces acquisition of breakwater energy partners, reports third quarter 2022 financial results and provides other operational & acquisition updates

Revenue of $375 million generated during the third quarter of 2022, up 12% sequentially from the second quarter of 2022 net income of $24.7 million & adjusted ebitda of $62.8 million during the third quarter of 2022, representing sequential increases of 70% and 32%, respectively acquired breakwater energy partners, llc ("breakwater"), a leading provider of contracted water recycling and infrastructure solutions focused in the permian basin on november 1, 2022 acquired bakken shale water gathering pipeline and disposal assets from cypress environmental services, llc ("cypress") on november 1, 2022 houston, nov. 2, 2022 /prnewswire/ -- select energy services, inc. (nyse: wttr) ("select" or the "company"), a leading provider of sustainable water and chemical solutions to the energy industry, today announced the acquisitions of breakwater and certain water gathering pipeline and disposal assets from cypress, as well as its financial and operating results for the quarter ended september 30, 2022. john schmitz, chairman of the board, president and ceo, stated, "our strong third quarter results, combined with our recent acquisitions, display our ability to execute on our strategy to improve and bolster the base business, advance our technology, sustainability and diversification efforts, and execute on strategic m&a.
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