Provide a peer response to the following discussion post below on net income and cash flows. Point out what you perceived to be the strengths of the initial posting along with supporting rationale. Identify specific opportunities for improvement with regard to the content in the initial posting. Furthermore, you should provide supporting rationale for your stated position, as well as concrete suggestions and guidance intended to strengthen the effectiveness of the content. 

Select Energy Services, Inc. is the firm I've chosen to analyze because of the interesting dynamics between its net income and its cash flows. Water transfer, flowback and well testing, water storage and containment, fluids trucking, water monitoring and automation, and other on-site rental and support equipment are just some of the many water services offered by the organization. Complete is the nation's preeminent provider of produced water gathering and disposal solutions, fluids handling, water transfer, flowback and well testing, water heating and containment solutions, and other services related to production and completion in the Permian, Mid-Continent, DJ, and Powder River Basins, as well as the Marcellus and Utica Shales. according to (Garner, 2021). In order to facilitate oilfield operations, the company offers a variety of water-based services to its clientele.
Based on the results of the 10-Q, Select Energy expects to incur a net loss of for the year 2021. (61,240). At the end of the period, the company was in the black by $107,413 thanks to a cash flow of $169,039 and a net loss of (61,240). The financial statement's discussion of net income and cash flows is intended to help shareholders understand the company's final earnings for the calendar year 2021. These are not the only risks that could cause results to differ materially from those projected in any of our forward-looking statements, but they are among the most significant ones. Select Energy Services, 2022 The net income and cash flows describe the relationship between the two factors that decide whether or not the company ends the year with a profit.

 

Reference 

Garner, A. (2022, October 18). Select Energy Services reports third quarter 2022 financial results and operational updates. Select Energy Services Reports Third Quarter 2022 Financial Results And Operational Updates. Retrieved October 31, 2022, from https://www.prnewswire.com/news-releases/select-energy-services-reports-third-quarter2022-financial-results-and-operational-updates-301414590.html Links to an external site.

 

Select Energy Services announces third quarter 2022 financial results and operational updates. Select Energy Services. (2022, October 16). Retrieved October 31, 2022, from https://www.selectenergy.com/press-releases/select-energy-services-announces-thirdquarter-2022-financial-results-and-operational-updates/ 

Answer rating: 100% (QA)

ANSWER Overall the initial posting demonstrates a good understanding of the relationship between net income and cash flows However there are some area... View the full answer