NES - Earnings announcements

Revenue of $294.8 million generated during the first quarter of 2022, up 16% sequentially from the fourth quarter of 2021 Net income of $8.0 million and Adjusted EBITDA of $32.2 million during the first quarter of 2022 Repurchased 2.3 million shares of Class A common stock in the open market for $16.4 million in the first quarter of 2022 Closed on the acquisition of Nuverra Environmental Solutions, Inc. (NYSE:NES) ("Nuverra") Closed on $270 million sustainability-linked credit facility with innovative pricing structure prioritizing increased recycled water volumes and delivering superior employee safety performance Issued its 2021 Sustainability Report, the Company's inaugural report HOUST

HOUSTON, Feb. 23, 2022 /PRNewswire/ -- Select Energy Services, Inc. (NYSE:WTTR) ("Select" or the "Company") today announced the completion of its previously announced acquisition of Nuverra Environmental Solutions, Inc. ("Nuverra") (NYSE:NES). The terms of agreement were approved by Nuverra's two largest stockholders, Ascribe II Investments, LLC, Ascribe III Investments, LLC (together with Ascribe II Investments, LLC, "Ascribe") and Gates Capital Management, Inc. ("Gates"), which together owned approximately 84% of Nuverra's outstanding common stock. Effective with the opening of the market on February 24, 2022, Nuverra's common stock will discontinue trading on the NYSE American as a result