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QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

12 Months Ended

Dec. 31, 2020

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

NOTE 19—QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)


		2020
		First			Second			Third			Fourth
		Quarter			Quarter			Quarter			Quarter

		(in thousands)
Revenue		$	278,285		$	92,239		$	101,242		$	133,339
Gross profit (loss)			15,296			(23,719)			(16,900)			(3,942)
Loss from operations			(290,831)			(47,805)			(34,212)			(21,929)
Net loss			(291,220)			(53,044)			(36,260)			(21,208)
Net loss attributable to Select Energy Services, Inc.			(245,862)			(44,298)			(30,541)			(17,983)
Net loss per share attributable to common stockholders:
Class A-Basic & Diluted		$	(2.86)		$	(0.52)		$	(0.36)		$	(0.21)
Class A-1-Basic & Diluted		$	—		$	—		$	—		$	—
Class A-2-Basic & Diluted		$	—		$	—		$	—		$	—
Class B-Basic & Diluted		$	—		$	—		$	—		$	—


		2019
		First			Second			Third			Fourth
		Quarter			Quarter			Quarter			Quarter

		(in thousands)
Revenue		$	362,646		$	323,887		$	328,968		$	276,088
Gross profit			45,997			39,939			40,994			21,810
Income (loss) from operations			6,633			11,179			12,475			(7,213)
Net income (loss)			1,400			8,068			7,172			(12,504)
Net income (loss) attributable to Select Energy Services, Inc.			1,135			6,200			5,379			(9,930)
Net income (loss) per share attributable to common stockholders:
Class A-Basic & Diluted		$	0.01		$	0.08		$	0.07		$	(0.12)
Class A-1-Basic & Diluted		$	—		$	—		$	—		$	—
Class A-2-Basic & Diluted		$	—		$	—		$	—		$	—
Class B-Basic & Diluted		$	—		$	—		$	—		$	—