supporting And initiatives. good gains forward with to also our with all-time revenue chemicals oilfield as new high performance. a push from matched the proprietary margins demand quarterly and higher start a reaching great manufactured we Select Margins for John. gross XXXX market record everyone. fluid you, Thank share resulting had products board continued advanced our morning, margin notably across our customer
Our net XXXX. since adjusted we highest and quarterly income nearly EBITDA posted performance the doubled,
solutions our has macro clearly from the positive While settled Select XXXX, sustainable in energy full core lifecycle providing to industry. growth and water secular a model high company base growth of of the still specific more complex business trends and environment drivers
operations the higher X% quarter, additional from but as a our and positive segment. driven progression bolstered to operations was throughout enhanced more utilization breakwater increase by revenue relative opportunities the our quarter. well resulting acquisitions, to across recent of number bulk recently combined executed These across having recent from benefited increase development multiple month business fourth Infrastructure an the basins. was Water of of investments produce by Our customer and monthly as the across opportunities board, efficient
margin expect place As revenue in enhancements discussed, will expansion and incremental infrastructure we to supporting investments existing that contracts the new additional John year. both through we attractive and into have assets yield
fully non-energy to provided us million shareholders level remaining over dividend with and an had with addition programs, million distribute program initiate the authorization in we related would to Recent stock opportunity place, previously combination to in authorize sectors $XX two $XX to this market its to million buyback year. share dislocation buyback the attractive a at quarterly in current the executed $X.X
the ample from the back the course over meaningfully after March flow authority. potential of free expectation facility XXXX and will credit our fulfillment share sustainability fully of year, cash funding our linked believe current XXXX With CapEx balance the we draw we on over our both our program reduce this XX of buyback of its half
our a on growth boost two our of noted rapid meaningfully February years organic dozen was acquisitions with I call, margins. entering primary XXXX to focus after As operating our coupled
bottom accomplish somewhat moderates, continued means are As part our integration consistent, to efforts elements the we to cost carry some primary inflation segment. the us earned a larger internal by Though, and line. which efficiency allow dollar varies this every by revenue through gradually of
margins costs after primary footprint. greenfield it's our or opportunities. existing Water acquisition growth, taking and rapid focus on across investments developing diverse harmonizing stretching accretive highly operations initiatives, in-sourcing well utilization whether the internal third party and as to on Services expansion on infrastructure Infrastructure, new and efficiency as is the the boosting procurement we're networking through projects, of Water out In system, accommodate labor
into XXXX in offerings. share has our Chemicals and our market group Additionally, higher grow throughout XXXX, proprietary margin to continued product
limiting while commoditized products, production customized these lower margin towards of and capacity blending more manufacturing our operations. shift to continue We products
interconnectedness Solutions. become growing our operations, solution, chemistry of to we're water Select and the only delivering the Water With lifecycle industry's true soon full excited
Our infrastructure, efficiency provide and environmental chemistries, to combined exceptional to footprint. an and reducing logistics opportunity mobile cost for while well productivity their customized our improve their fixed customers
million, Net abandonment million $XX by even First after million efforts. for trademark million quarter of $XX.X $XXX ongoing non-cash grew of $XX.X sequentially. our sequentially, impact from to million increased for $X.X related the to rebranding revenue income a charge accounting
EBITDA million increased million quarter. in the to adjusted Additionally, fourth $XX.X from $XX.X
expect financial we first strong build forward, Looking this performance. to off quarter
do impacts anticipate to basins, or which revenues. the more We to rig of XX% relative impact basins and represent activity prices about represent lead modest oil than do gas natural of revenues in material decline from weakness counts not this our XX% which to much recent our revenues we gas year-to-date. to and in perceive While, a
relative prioritize near and enhancement expect efforts to in term. margin the organic growth we Accordingly, projects
Haynesville water a where remains new more In of fact, multiple as the we for core gas produced we've projects, pricing the from impacts long-term shale, recent infrastructure some many contracts priority even notable weakness, our customers. in of natural executed expect for management
XX weather share Now challenges revenue some Services related the walking million than market gains Water X%, a increased modest through January. from segments. or less segment individual The offsetting with by little
the similar improvement believe to quarter revenue before XXXX second XXX-basis ongoing primarily point initiatives. G&A this CapEx gross with are segment a efficiency to Our will maintenance we margins investments resulting XXX from for deliver and
first to the and we the assets Next, in Water through our and demonstrate facilities first the of project projects acquisitions five our the unconventional contracted and continue multiple outlined other on. delivering drive well. recently The during infrastructure to our opportunities Infrastructure, high investment clearly performer are Permian additional margin across new footprint basins counted recycling And to which was economics star while we volumes grow the we acquired quarter. quarter, release, earnings as non-Permian other ability
has quarter. online, segment segments most outlook quarter first a strength upside of our into the this new outperformance second us material the leads potential to the continue the and come XXXX, Although in the as projects growth in to for moderated XXXX
the to stable in Accordingly, the we expect revenues second relative first. quarter
expect improvement to XXX margin we So points, XX%. back see XXX bringing continued above margins before gross of to basis G&A
second to continues this purposes it like XX%. which for revenue and gross its expect percentage recycling infrastructure. low segment Chemical points relatively is new percentages, group, is much water we set increased while margins highs should The tailwind quarter secular steady And gross mid-single-digit all-time by profit, percentage two for for Water Treatment to a nearly in the increased for margin revenues hold
in impacted first was million quarter. million the $XX.X of SG&A $X.X rebranding and transaction costs by of
few stable the elevated the absence given similar growth moderating in to next the quarters we the on we further SG&A the ongoing mark the but of anticipated coming expect due labor a transaction X% While the efforts. basis connection That half given costs overall, rate In we increased the costs the to revenue of the recent rebranding back modestly SG&A year, with said, reducing still back quarters. percentage delivering in in decrease transaction towards see of M&A, to top-line anticipate direct of inflation. acquisitions
quarter This First we recent beginning M&A of Since very estate value deals, and recent of our dozen do of last $XX the deep we out helped from expect already million That $X.X most or this also we're will has assets of sales. in million rest $XX.X mid-XXXX, attractive non-core a years. two the pipeline of XXXX asset of asset CapEx and our and risk, have handful activities said acquisitions than benefited de opportunities. more so sold million sale sale remaining assets net fund the materially help us over acquisitions. real normalize after
expected million XXXX sales. guidance our asset million of roughly net reiterate between CapEx full $XXX to we $XX after Overall, and effect $XX million, to giving year
expect to depreciation remain XXXX. minimal and quarter to be range and in amortization per We expense expense low-$XX a tax through million
withholding the Overall cash million and asset as $XX as the flows combined over well market quarter, were tax impacted related open of little of during by share about during million quarter. a $XX acquisitions repurchases
while systems cash a working of of during integration million efforts. the capital. materially bulk cash use $XX to related Free our QX grew through build, we flows impacted capital to However, and work the impact working cash was of by implementation flow for as continuing revenues
million core Unlocking first receivable capital and end reduction targeting with least this through XXXX. further working a and balance is the are balance identified to $XX of and these XXXX, a the focus towards reductions improvements, for our accounts that goal, be at between we from of investments quarter
invoicing quarter our delivering our and back collections of ticketing remain focused production following first In the to half challenges in improve associated integration primary cash invoices cash and rebranding which customers. interim, second have The the invoice systems, to year. accounts multiple around greatly systems we back-office initiatives electronic timelines our resulted collections delayed upgrade notably on will Our the integrations processes ERP receivable ticketing quarter and integration with over effort, complete streamline recent expect efforts. integration and the from and in uniform
forward out to While I cash year. upon significant through reclaiming mind in million of ERP in months, find deferred capital order opportunities goal the processes. sheet the we we internal amount that will look and with back work implementation $XX improve of continue this our clearly our to And to coming a balance onto cash project working
goal quarter reductions $XX build with that I'm We and But DSO upon our XXXX. million have on million initial $XXX number facility goal total beyond is credit sustainability-linked the one. with year of this further finished priority drawn hitting confident that we can additional liquidity.
expect borrowings we and meaningfully However, reduced to enhanced position see liquidity these by year-end.
notwithstanding challenges robust very for full we profile working of see capital to ahead us cash a Recent the continue year. flow
remarks, John? I'll that, hand for John some to With final it back
