Business Context and Reporting Period
This Form 8-K is a current report filed by Select Energy Services, Inc. (Ticker: WTTR) on May 7, 2019. The filing serves to announce the Company's financial results for the first quarter ended March 31, 2019, as detailed in the press release furnished as Exhibit 99.1. Additionally, the Company disclosed the posting of a presentation on its website containing a realignment of 2018 quarterly results to match new operating segments.
Key Financial Metrics
The provided filing text acts as a cover document and does not contain specific numerical data regarding revenue, profit, cash flow, margins, debt, or liquidity. These metrics are referenced as being contained within the attached press release (Exhibit 99.1) and the website presentation, which are not included in the source text provided.
Material Changes
The filing highlights a structural change in financial reporting: the Company has realigned its 2018 quarterly results to reflect new operating segments. No specific quantitative material changes in financial performance are detailed in this text.
Guidance, Outlook, and Risks
The filing text does not provide specific guidance, outlook, management commentary, or risk factors. It notes that detailed information is available in the press release and the investor presentation on the Company's website. The filing includes a standard disclaimer stating that the information furnished under Items 2.02 and 7.01 shall not be deemed "filed" for purposes of Section 18 of the Exchange Act.
Investor Verification Checklist
- Verify the specific Q1 2019 revenue, net income, and cash flow figures in the Exhibit 99.1 Press Release.
- Review the Investor Presentation on the Company website to understand the impact of the new operating segment realignment on historical 2018 data.
- Confirm the Company's current liquidity position and debt obligations, as these are not listed in the 8-K text.
- Check for any updated forward-looking guidance provided in the press release or presentation materials.