Posted: 04/10/2025 07:29 am
Select Energy Services, Inc. (NYSE: WTTR), a leader in sustainable water and chemical solutions, has made significant strides in recent years, both financially and in terms of leadership compensation. As the company continues to expand its scope within the oil and gas field services industry, a closer look at executive compensation sheds light on its commitment to rewarding performance and driving growth.
John D. Schmitz, Chairman, President, and CEO, stands out with a robust compensation package in 2024. His total remuneration reached $4,903,858, chiefly comprised of a $3,214,772 stock award, signaling a strong alignment of his interests with shareholder value. His leadership and strategic direction have been instrumental as Select concluded a record-setting year, with 2024 consolidated revenue of $1.5 billion and a notable 62% year-over-year increase in gross profit within its water infrastructure division[^1^][^2^][^3^].
Over the years, significant compensation figures have consistently given insights into Select's value-driven management. For example, in 2022, Michael C. Skarke, Executive Vice President and COO, received $2,164,750, including significant stock awards valued at $1,508,371. Meanwhile, in 2021, Cody J. Ortowski, Executive Vice President of Business Strategy, earned a total of $1,594,427[^4^][^5^][^6^].
The strategic growth initiatives undertaken by Select have also bolstered its financial position, underpinning such compensation structures. In January 2025, Select enhanced its financial strength by securing a $550 million sustainability-linked credit facility, further enabling the company to invest in high-margin, long-term projects[^7^]. These developments reflect Select’s strategic focus on sustainable and profitable growth, a priority likely to continue shaping the company’s operational decisions and executive compensation packages.
As the market reacts to Select's performance, the company's stock has shown a significant increase, closing at $8.51, representing a 7.31% rise[^8^]. This ascent, coupled with sound strategic initiatives, positions Select Energy Services on a robust path toward continued success in the competitive energy landscape.
In conclusion, the compensation of Select Energy's executives is a reflection of the company's growth and the strategic performance led by its leadership team. With substantial revenue gains and strategic investments in infrastructure and partnerships, Select continues to align executive incentives with shareholder value, promoting sustainable growth and financial resilience.
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1. SEC Archive for John D. Schmitz Compensation (2024)
2. Select Water Solutions 2024 Financial Results Announcement, PR Newswire, February 18, 2025
3. WTTR Q4 2024 Earnings Call Transcript, Seeking Alpha, February 19, 2025
4. SEC Archive for Michael C. Skarke Compensation (2022)
5. SEC Archive for Cody J. Ortowski Compensation (2021)
6. SEC Archive for Paul L. Pistono Compensation (2020)
7. Select Water Solutions New Credit Facility Announcement, PR Newswire, January 28, 2025
8. WTTR Current Market Price Snapshot, February 19, 2025
