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Select Water Solutions

WTTR

Select Water Solutions is a leading provider of sustainable water-management and chemical solutions to the U.S. energy industry.

Market cap
$2.34B+138%
Revenue$1.4B-4.2%
Net income$21.9M-40.6%
Free cash flow-$97.7M-1,089%
EPS (diluted)$0.21-41.7%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 4, 2026 (In 6 days)
Revenue estimate$373.3M
EPS estimate$0.11

Financials

Q1 2026

Income statement

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Revenue$366.0M-2.3%
Gross profit$65.3M+17.1%
Operating income$18.0M+15.6%
Net income$8.6M+4.5%
EPS (diluted)$0.080.0%

Balance sheet

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Cash & equivalents$56.0M+101%
Total debt$285.2M-1.7%
Total equity$991.5M+25.0%
Total assets$1.7B+10.5%

Cash flow

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Operating cash flow$10.2M+302%
CapEx$78.4M+61.8%
Free cash flow-$68.1M-27.4%

Valuation & ratios

Valuation

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Market cap$2.34B+138%
Enterprise value$2.57B+101%
P/E106.6×+77.3×
P/S1.7×+1.0×

Profitability

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Gross margin15.1%-0.1pp
Operating margin2.3%-2.1pp
Net margin1.6%-1.0pp
FCF margin-7%-7.7pp

Returns & leverage

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Return on equity2.5%-2.3pp
Debt / equity0.3×-0.1×
Current ratio1.9×+0.1×

Segments

By geography

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Permian Basin$196.0M+9.0%
Marcellus Utica$41.7M-2.0%
Rockies$41.0M-17.3%
Eagle Ford$27.2M-36.3%
Midcon$27.2M+10.6%

Competitors

Profile

Select Water Solutions is a leading provider of sustainable water-management and chemical solutions to the U.S. energy industry. The company manages the full lifecycle of water for oil and gas operations, including sourcing, transfer, recycling, and disposal. Its core value proposition centers on reducing environmental impact and operational costs for customers through permanent infrastructure and advanced automation technologies.

Competitive position

A leading national provider with the largest network of centralized recycling facilities in the industry and a unique integrated model combining infrastructure, services, and chemistry.

GeographiesUnited States, Permian Basin, Bakken, Haynesville, Rockies, Eagle Ford, Northeast (Marcellus/Utica)
Customer segmentsUpstream Oil & Gas, Midstream Energy, Pressure Pumping Services
Business modelInfrastructure-as-a-Service, Manufacturing, Field Services
SuppliersRaw chemical suppliers, Pipeline and equipment manufacturers, Water rights owners, Diesel and electricity providers
CustomersIntegrated oil majors, Independent E&P operators, Pressure pumping contractors, Municipal and industrial water users
Listed2017
Employees4.2K
CEOJohn D. Schmitz
SectorEnergy
FilingsSEC EDGAR

Questions, answered.

What is Select Water Solutions's market cap?
Select Water Solutions (WTTR) has a market capitalization of $2.3B and trades on NYSE.
What is Select Water Solutions's revenue and profitability?
Select Water Solutions generated $1.4B in trailing twelve-month revenue with net income of $21.9M, representing a net margin of 1.6%. Gross margin stands at 15.1%, with free cash flow of -$97.7M. These figures are based on the Q1 2026 filing.
Who are Select Water Solutions's competitors?
Select Water Solutions's key competitors include NGL ENERGY PARTNERS LP, WaterBridge Infrastructure LLC, Ecolab, Inc., and others. These companies compete in similar markets and product categories.
What subsidiaries does Select Water Solutions have?
Select Water Solutions's subsidiaries include Peak Rentals, AV Farms.
Where is Select Water Solutions headquartered?
Select Water Solutions is headquartered in United States of America and employs approximately 4,200 people. It has been publicly traded since 2017.