WTTR
Select Water Solutions, Inc.10.49
-0.30-2.78%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Infra bolt-ons, mineral royalties detailed
Q&A fleshed out Water Infrastructure's maturation with smaller, accretive bolt-ons leveraging the Northern Delaware network after major expansions, plus initial steps into Winkler County and Central Basin Platform. Execs teased more lithium deals, plus iodine and strontium/magnesium extraction royalties starting late '26 from treated water. Beneficial reuse pilots succeeded in large-scale land application tests with a university, paving for commercial facilities. Chemicals gained surfactant traction in complex simuls and produced water jobs. Peak rentals supports internal power amid strategic review. No contradictions; reaffirms 20-25% growth. Diversification builds optionality.
Key Stats
Market Cap
1.27BP/E (TTM)
55.21Basic EPS (TTM)
0.19Dividend Yield
0.03%Recent Filings
8-K
Stock offering closes at $201.25M
Select Water Solutions closed its $175 million Class A common stock offering on February 25, 2026, after underwriters J.P. Morgan and BofA fully exercised the $26.25 million option, yielding $201.25 million total gross proceeds at $12.75 per share. This caps the February 19 underwriting agreement. Funds' use not disclosed.
8-K
Priced $175M stock offering
Select Water Solutions priced a $175 million public offering of Class A common stock at $12.75 per share on February 19, 2026, expecting $166.6 million in net proceeds and a February 23 close. It will buy 13,725,491 SES Holdings LLC units to maintain its one-to-one ratio, directing funds to water infrastructure, acquisitions, or debt repayment. Underwriters hold a 30-day option for $26.25 million more shares. Lock-up lasts 60 days.
8-K
Announces $175M stock offering
Select Water Solutions announced an underwritten public offering of $175.0 million in Class A common stock on February 19, 2026, subject to market conditions, with underwriters granted a 30-day option for $26.25 million more. Proceeds target general corporate purposes like water infrastructure projects, potential acquisitions, or credit facility repayment. Offering size and terms remain uncertain.
10-K
FY2025 results
Select Water Solutions posted FY2025 revenue of $1.407B, down 3.1% y/y amid softer fracturing activity, yet Water Infrastructure grew 7.7% to $313M on recycling ramps and Permian acquisitions while Chemical Technologies surged 18.5% to $308M via product wins. Q4 momentum shone in infrastructure, with 2.4M bbl/d recycling capacity (up from prior) and long-term MVCs locking visibility; margins held firm despite Water Services' 12.8% drop from divestitures. Capex hit $295M (derived), funding contracted builds, but FCF swung negative on outlays. Debt stands at $320M post-refi, revolver headroom $146M. Permian reliance risks basin-specific shocks.
8-K
Q4 results, 2026 guidance
Select Water Solutions reported 2025 revenue of $1.4B and Adjusted EBITDA of $260M, with Water Infrastructure up 8% to $313M and Chemical Technologies surging 19% to $308M. New contracts added 15M barrels MVC and 180K acres dedication, fueling 20-25% Water Infrastructure growth in 2026. Q1 Adjusted EBITDA hits $65-68M. Infrastructure build-out accelerates.
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