Earnings summaries and quarterly performance for Select Water Solutions.
Executive leadership at Select Water Solutions.
John Schmitz
Detailed
Chairman, President, and Chief Executive Officer
CEO
CI
Christina Ibrahim
Senior Vice President, General Counsel, Chief Compliance Officer & Corporate Secretary
CG
Christopher George
Executive Vice President and Chief Financial Officer
CO
Cody Ortowski
Executive Vice President, Business and Regulatory Affairs
ML
Michael Lyons
Executive Vice President, Chief Strategy & Technology Officer
MS
Michael Skarke
Executive Vice President and Chief Operating Officer
Board of directors at Select Water Solutions.
Research analysts who have asked questions during Select Water Solutions earnings calls.
Jeffrey Robertson
Water Tower Research
4 questions for WTTR
Also covers: AMPY, BATL, DNOW +14 more
RB
Robert Brooks
Northland Capital Markets
3 questions for WTTR
Also covers: ATMU, BELFA, CECO +10 more
DC
Donald Crist
Johnson Rice & Company, L.L.C.
2 questions for WTTR
Also covers: AESI, ARIS, FTK +6 more
JR
James Rollyson
Raymond James Financial, Inc.
2 questions for WTTR
Also covers: AESI, AROC, HLX +8 more
TP
Thomas Patrick Curran
Seaport Research Partners
2 questions for WTTR
Also covers: ASPN, EOSE, HP +1 more
Blake McLean
Daniel Energy Partners
1 question for WTTR
Also covers: AROC, DNOW, DTI +7 more
BB
Bobby Brooks
Northland Capital Markets
1 question for WTTR
Also covers: ATMU, CECO, CXT +11 more
Derek Podhaizer
Piper Sandler Companies
1 question for WTTR
Also covers: AESI, FLOC, FTI +13 more
DC
Don Crist
Johnson Rice & Company L.L.C.
1 question for WTTR
Also covers: AESI, HP, PTEN +2 more
JR
Jim Rollyson
Raymond James Financial
1 question for WTTR
Also covers: AESI, AROC, HLX +7 more
JD
John Daniel
Daniel Energy Partners
1 question for WTTR
Also covers: ACDC, CLB, CVEO +19 more
JJ
Joshua Jayne
Daniel Energy Partners
1 question for WTTR
Also covers: AESI, AROC, CLB +17 more
Recent press releases and 8-K filings for WTTR.
Select Water Solutions Details Transition to Infrastructure Company and Growth Initiatives
WTTR
New Projects/Investments
Revenue Acceleration/Inflection
- Select Water Solutions is transitioning to a water infrastructure company, with its highest margin segment, water infrastructure, projected to contribute 60% of gross profit in the next 12-24 months, up from 51% for the first nine months of 2025. This segment's revenue is expected to grow 10% year-over-year in 2025 and 20% year-over-year in 2026.
- The company's strategy involves securing long-term contracts (averaging 11 years in the Northern Delaware) with high gross margins (40%-50% for water management solutions). New ventures, such as the AV Farms municipal and industrial project, are expected to yield even higher gross margins (80+%) and generate $20-$30 million in free cash flow annually, potentially sooner than the initially underwritten 2028 timeline.
- Select is also diversifying revenue streams by leveraging existing infrastructure for mineral extraction, exemplified by its October announcement of a lithium extraction facility in East Texas with Marianas Lithium, which is expected to generate royalty-based cash flows without significant incremental capital investment.
Dec 11, 2025, 12:00 AM
Select Water Solutions Discusses Transition to Water Infrastructure Company and Growth Outlook
WTTR
New Projects/Investments
Revenue Acceleration/Inflection
- Select Water Solutions is transitioning to a water infrastructure company, with its water infrastructure segment expected to contribute approximately 60% of gross profit in the next 12-24 months, up from 51% for the first nine months of 2025.
- Water infrastructure revenue is projected to grow about 10% year-over-year in 2025 and 20% year-over-year in 2026, driven by projects that are either on stream or in progress.
- The company's long-term contracts, which average about 11 years in tenor (ranging from 5 to 20 years), include provisions like fixed pricing with standard escalators to protect margins.
- Select's recycling-first approach offers customers 30%-40% economic savings compared to disposing of and resourcing water, benefiting both capital and operating costs.
- The Chemical Technologies segment is anticipated to see a 30%-40% potential gross profit improvement year-over-year in 2025 due to specialized chemistry products and integration with produced water recycling solutions.
Dec 11, 2025, 12:00 AM
Select Water Solutions Details Transition to Water Infrastructure and Diversification Efforts
WTTR
New Projects/Investments
Revenue Acceleration/Inflection
Guidance Update
- Select Water Solutions is undergoing a strategic transition to a water infrastructure company, with the Water Infrastructure segment projected to contribute 60% of gross profit in the next 12-24 months, up from 51% for the first nine months of 2025.
- The Water Infrastructure segment anticipates revenue growth of 10% year-over-year in 2025 and 20% year-over-year in 2026, with gross profit before depreciation and amortization expected to have grown at a CAGR north of 70% from 2021 through the end of 2025.
- The company's infrastructure contracts offer stability with an average 11-year tenor and 40%-50% gross margins, covering 2.5 million acres under long-term contract.
- Select is expanding into new markets, including a Q1 2025 entry into the municipal and industrial water market in Southern Colorado via the AV Farms joint venture, which is expected to generate $20-$30 million in free cash flow with 80%+ gross margins from 30-year contracts.
- Further diversification includes a October groundbreaking for a lithium extraction facility in East Texas with Marianas Minerals, leveraging existing infrastructure for additional revenue streams.
Dec 11, 2025, 12:00 AM
Select Water Solutions Outlines Strategic Shift to Infrastructure and Growth Initiatives
WTTR
New Projects/Investments
Guidance Update
Revenue Acceleration/Inflection
- Select Water Solutions is undergoing a strategic shift, with a majority of its income now derived from water infrastructure, and projects this segment to account for 60% of its future income, moving away from its historical service-based model.
- The company is making substantial capital investments, including $400 million in building a pipeline network in Lea County, New Mexico, which is expected to be completed by Q3 2026.
- Net Capital Expenditure (CapEx) is projected at $250 million-$275 million for 2025 and $225 million-$250 million for 2026, with the majority allocated to growth CapEx in New Mexico.
- Select Water Solutions prioritizes a recycling-first approach, which is economically advantageous at $0.50 per barrel compared to disposal options, and offers customers 25%-50% cost savings over traditional methods, leading to long-term contracts averaging 11 years.
- While corporate consolidated EBITDA is projected to be flat for 2023, 2024, and 2025, this masks significant growth within the water infrastructure segment. The company is also targeting income generation from diversification into municipal, agricultural, and industrial water markets by 2027-2028.
Nov 20, 2025, 4:35 PM
Select Water Solutions Details Strategic Shift to Infrastructure and Growth Initiatives
WTTR
New Projects/Investments
Revenue Acceleration/Inflection
Dividends
- Select Water Solutions (WTTR) is a water solutions company primarily focused on the Permian Basin, with a strategic shift from service-based operations to water infrastructure, which now accounts for a majority of its income.
- The company is aggressively building out its infrastructure, particularly in Lea County, New Mexico, with $400 million invested and a pipeline network expected to span most of the county by Q3 2026. This infrastructure supports a "recycling-first" strategy, which is 25-50% cheaper for customers than traditional methods and offers higher margins for Select Water Solutions.
- Select Water Solutions has secured almost 1 million acres in New Mexico with an average contract duration of 11 years, providing increased stability and cash flow certainty.
- Growth CapEx for 2025 is projected at $250 million-$275 million, decreasing to $225 million-$250 million in 2026, funded by free cash flow from other segments while maintaining a conservative balance sheet (typically 1-1.25x debt to EBITDA).
- The company is exploring future diversification into municipal, agricultural, and industrial water markets, with initial investments like the procurement of 1,600 acre-feet in Colorado, targeting income generation by 2027-2028.
Nov 20, 2025, 4:35 PM
Select Water Solutions Outlines Strategic Shift to Water Infrastructure and Permian Basin Focus
WTTR
New Projects/Investments
Guidance Update
Revenue Acceleration/Inflection
- Select Water Solutions (WTTR) is strategically transitioning its business model to focus on water infrastructure, aiming for 60% of its income from this segment due to its higher margins and increased stability.
- The company is heavily invested in the Permian Basin, particularly Lea County, New Mexico, where it is building a pipeline network and has secured nearly 1 million acres under long-term contracts averaging 11 years.
- WTTR differentiates itself with a recycling-first approach, which is 25-50% more cost-effective for customers compared to traditional water management methods and less susceptible to regulatory impacts than disposal-focused competitors.
- Financially, the company maintains a conservative balance sheet (debt to EBITDA typically 1x to 1.25x) and funds its infrastructure expansion using free cash flow from other segments. Projected net CapEx is $250 million-$275 million for this year, decreasing to $225 million-$250 million next year, primarily for New Mexico infrastructure.
- WTTR is also pursuing diversification into municipal, agricultural, and industrial water markets to secure longer-term contracts and further enhance stability, having made an initial investment in municipal water rights in Colorado.
Nov 20, 2025, 4:35 PM
Select Water Solutions Announces Third Quarter 2025 Financial and Operational Results
WTTR
Earnings
New Projects/Investments
M&A
- Select Water Solutions reported revenue of $322 million and cash flow from operating activities of $72 million for the third quarter of 2025.
- The Chemical Technologies segment saw a 13% sequential increase in revenue and a 34% rise in gross profit in Q3 2025, while Water Services revenue decreased by 22.6% sequentially.
- The company secured multiple new long-term contracted Water Infrastructure projects in the Permian Basin, adding approximately 65,000 acres of leasehold and right-of-first-refusal acreage dedications.
- As of September 30, 2025, total liquidity stood at $175.5 million, a decrease from $279.3 million at June 30, 2025.
- Net capital expenditures for Q3 2025 were $91.1 million, leading to negative free cash flow of ($19.4) million.
Nov 10, 2025, 10:29 PM
Select Water Solutions Reports Q3 2025 Results, Raises 2025 CapEx Guidance, and Projects Strong 2026 Water Infrastructure Growth
WTTR
Earnings
Guidance Update
New Projects/Investments
- Select Water Solutions reported Q3 2025 adjusted EBITDA of just under $60 million, at the high end of guidance, and projects Q4 2025 consolidated adjusted EBITDA to grow to $60 million-$64 million.
- The company advanced key strategic objectives, securing incremental contracts in Water Infrastructure, adding nearly 800,000 additional acres under dedication in 2025, and signing a new long-term water transfer agreement in the Permian Basin.
- Water Infrastructure revenue, despite a 2.5% decrease in Q3 2025, is anticipated to grow approximately 10% in Q4 2025 and more than 20% annually in 2026, with gross margins expected to remain consistently above 50%.
- Net CapEx guidance for 2025 was increased by $25 million to a range of $250 million-$275 million to support contracted infrastructure growth projects.
- In Q3 2025, Water Services revenue decreased 23% sequentially due to divestments and lower activity, while Chemical Technologies achieved a 13% sequential revenue increase and 19.9% gross margins.
Nov 5, 2025, 4:00 PM
Select Water Solutions Announces Third Quarter 2025 Results and Strategic Updates
WTTR
Earnings
Guidance Update
New Projects/Investments
- Select Water Solutions generated $322 million in revenue and $71.7 million in cash flow from operating activities during the third quarter of 2025, with net income of $2.3 million and Adjusted EBITDA of $59.5 million.
- The Chemical Technologies segment demonstrated strong sequential growth in Q3 2025, with revenue increasing 13% and gross profit 34% compared to the second quarter of 2025.
- The company announced multiple new long-term Water Infrastructure projects in the Permian Basin, adding approximately 65,000 acres of dedicated leasehold, and enhanced existing contracts covering 309,000 acres with new last-mile water transfer services.
- For the fourth quarter of 2025, Select anticipates consolidated revenues to remain relatively steady and Adjusted EBITDA to increase sequentially to an estimated $60 – $64 million. The 2025 net capital expenditures guidance was also increased to $250 – $275 million.
Nov 4, 2025, 9:15 PM
Select Water Solutions Inc. Highlights Strategic Shift to High-Margin Water Infrastructure and Municipal Expansion
WTTR
New Projects/Investments
Dividends
Share Buyback
- Select Water Solutions Inc. (WTTR) is strategically shifting towards a high-margin, contracted water infrastructure platform in the oil and gas sector, with this segment now contributing 50% of gross profit dollars and achieving 55.6% gross margins last quarter.
- The company has established a substantial infrastructure footprint, including 3,000,000 barrels per day of recycling capacity and over 2,500,000 dedicated acres with ROFR, underpinned by long-term contracts averaging 10+ years.
- WTTR is expanding into the municipal and industrial water markets, exemplified by a project in Colorado involving 16,300 acre feet of water acquisition, which is expected to yield 80%+ gross margins from long-term leasing.
- The company maintains a conservative balance sheet and demonstrates commitment to shareholder returns through a regular dividend (raised annually) and share buybacks, funding its growth with strong free cash flow conversion.
Aug 26, 2025, 7:10 PM
Quarterly earnings call transcripts for Select Water Solutions.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more