Select Water Solutions, Inc.
11.85+0.45 (+3.95%)
Oct 29, 4:00:02 PM EDT · NYSE · WTTR · USD
Key Stats
Market Cap
1.44BP/E (TTM)
37.03Basic EPS (TTM)
0.32Dividend Yield
0.02%Recent Filings
8-K
Exec severance deals signed
Select Water Solutions entered severance agreements with four key executives on October 9, 2025, standardizing compensation to boost retention and protect company interests amid potential transitions. Qualifying terminations trigger 1x base salary plus bonus for standard cases, doubling to 2x post-Change in Control, alongside pro-rated bonuses and up to 24 months of COBRA aid. Executives face 12-month non-compete and non-solicit restrictions in oil and gas water management markets. These pacts supersede prior deals, signaling steady leadership.
10-Q
Q2 FY2025 results
Select Water Solutions posted steady Q2 FY2025 results, with revenue flat at $364.2M year-over-year yet edging down 0.3% quarter-over-quarter, as Water Infrastructure surged 17.9% y/y to $80.9M on recycling gains and solids management, while Water Services dipped 6.2% q/q to $215.7M amid a freshwater-to-produced water shift. Gross profit held at $57.8M, with margins slipping to 15.9% from 16.5% q/q, buoyed by infrastructure efficiencies but pressured by services pricing. Operating income fell 24.3% q/q to $15.4M, diluted EPS landed at $0.10 (down from $0.13 y/y, reconciled to 102.9M shares), and free cash flow turned negative at -$40.7M (derived) on $128.1M capex, offset by $77.5M operating cash. Cash climbed to $51.2M, with $275.0M debt under the new $550M facility (7.42% term rate, $228.1M revolver availability, 3.5x leverage covenant) and a $72.1M AV Farms equity investment for Colorado water assets. The Omni acquisition closed July 1 for $17.7M cash plus stock, adding Bakken landfill capacity but divesting 8% of Water Services revenue. Volatility in oil prices poses ongoing risks.
8-K
Select boosts Q2 profits, swaps assets
Select Water Solutions reported Q2 2025 revenue of $364.2 million, down slightly from $374.4 million in Q1, yet net income rose 22% to $11.7 million while adjusted EBITDA climbed 13.4% to $72.6 million. Water Infrastructure revenue surged 12% to $80.9 million with gross margins before D&A hitting 55.2%, fueled by higher recycling and disposal volumes. The company closed a July asset swap with OMNI, acquiring Bakken infrastructure for $7.5 million cash plus stock while divesting trucking operations, trimming short-term Water Services revenue but boosting long-term margins. New Permian contracts add 59,000 dedicated acres; Q3 adjusted EBITDA eyes $55-60 million amid activity dips.
10-Q
Q1 FY2025 results
Select Water Solutions posted solid Q1 2025 results, with revenue up 2.1% year-over-year to $374.4M, driven by 14.0% growth in Water Infrastructure to $72.4M from acquisitions and recycling gains, while Water Services dipped 1.2% to $225.6M and Chemical Technologies rose 2.2% to $76.3M. Gross profit climbed 5.9% to $55.8M, lifting margins to 14.9%, thanks to better utilization in infrastructure and cost controls elsewhere; operating income surged 121.9% to $15.5M after SG&A fell 14.9% to $37.4M on lower incentives and transaction costs. Diluted EPS held at $0.08, matching last year, with 103.3M shares outstanding. Cash stood at $27.9M, but operating cash flow swung to a $5.1M use amid receivables buildup; free cash flow (derived) was negative $51.5M after $48.4M capex, offset by $145.5M net financing from a new $550M sustainability-linked facility with $250M term debt at 7.68%. Three Permian asset buys added $13.1M in infrastructure, plus a $72.1M equity stake in Colorado water storage venture AV Farms for multi-stakeholder supply. Yet consolidation among E&P customers could slow near-term drilling demand.
8-K
Annual meeting elects directors
Select Water Solutions held its 2025 Annual Meeting on May 2, with 91.73% of shares present. All eight director nominees—Gayle L. Burleson, Richard A. Burnett, Bruce E. Cope, Luis Fernandez-Moreno, Robin H. Fielder, Timothy A. Roberts, John D. Schmitz, and Douglas J. Wall—were elected, though Burnett and Wall faced notable withheld votes. Shareholders ratified Grant Thornton LLP as auditors for fiscal 2025 and approved executive compensation in an advisory vote. Continuity in governance supports steady operations.
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