WTTR - Select Energy Services launches $50M stock buyback plan

March, 21 2023 07:12 AM Select Energy Services Inc. Class A

2023-03-21 07:12:58 ET

Select Energy Services ( NYSE: WTTR ) has launched a new share repurchase program to buy back $50M shares of Class A common stock.
This new authorization is in addition to the $8.6M remaining outstanding under the company's previous $25M authorization, as of December 31, 2022.
The combined outstanding repurchase authorization represents nearly 10% of the company's outstanding Class A common stock based on the closing price on Friday, March 17, 2023.
Repurchases will be funded using working capital and cash flow from operations, as well as borrowings under its sustainability-linked credit facility.

For further details see:

Company Name:	Select Energy Services Inc. Class A
Stock Symbol:	WTTR
Market:	NYSE
Website:	selectenergyservices.com