Select Water Solutions Q2: Record Revenue, $93M Adj. EBITDA, and a Major Infrastructure Deal
WTTR has more than doubled off its 52-week low of $7.86.
Summary
Select Water Solutions reported Q2 2026 revenue of $396M and Adjusted EBITDA of $93M, both up sharply sequentially, and announced a transformative seven-year produced water infrastructure contract with a 128-million-barrel minimum volume commitment.
Key Events · Earnings and Guidance · WTTR
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Q2 Revenue and Earnings Surge
Consolidated revenue rose 8% sequentially to $395.8 million, with net income of $22.6 million and Adjusted EBITDA of $92.7 million — a 19% increase over Q1 2026.
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Record Segment Performance
Water Infrastructure revenue hit a record $101.6 million (up 5% sequentially), and Chemical Technologies reached a record $96.0 million (up 23%), both with expanding margins.
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Major Infrastructure Contract Win
Signed a seven-year agreement with a large public operator for 14 saltwater disposal wells and a new pipeline project, backed by a 128-million-barrel minimum volume commitment in the Northern Delaware Basin.
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Raised 2026 Capex Guidance
Full-year net capital expenditures now expected at $250–$290 million, up from prior levels, to fund infrastructure growth and the new contract.
Analysis · WTTR · Energy & Transportation
A strong Q2 2026 saw revenue climb 8% sequentially to $396 million and Adjusted EBITDA jump 19% to $93 million. Both Water Infrastructure and Chemical Technologies posted record revenue, and the company locked in a seven-year, 128-million-barrel minimum volume commitment with a large public operator — a deal that validates its Permian Basin network and secures long-term cash flows. To support this growth, management raised full-year capex guidance to $250–$290 million, while Q3 EBITDA guidance of $90–$94 million signals continued momentum. The results and contract win materially strengthen the investment thesis, especially against a backdrop of recent insider selling and institutional share dispositions.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 36.1% of the 1051 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, WTTR was trading at $20.20 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $2.6B. The 52-week trading range was $7.86 to $21.67. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.