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Select Water Solutions WTTR Lease Abandonment Costs

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Other financials

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

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Market cap$2.31B+71.4%
Enterprise value$2.54B+55.1%
P/E105.2×+68.7×
P/S1.7×+0.7×

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×

Where this comes from

Reported directly by Select Water Solutions in its filing.

Tagged under the XBRL concept wttr:LeaseAbandonmentCosts.

The official record: Select Water Solutions’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Select Water Solutions's lease abandonment costs?
Select Water Solutions (WTTR) reported lease abandonment costs of -$68K in Q1 2026.
How has Select Water Solutions's lease abandonment costs changed year-over-year?
Select Water Solutions's lease abandonment costs decreased by 109.4% year-over-year, from $724K to -$68K.
What is the long-term trend for Select Water Solutions's lease abandonment costs?
Over 2 years (2021 to 2025), Select Water Solutions's lease abandonment costs has grown at a -6.3% compound annual growth rate (CAGR), from $894K to $785K.
What does lease abandonment costs mean?
This represents the costs incurred when the company terminates or exits a lease agreement prior to the end of its contractual term. These expenses often signal a strategic shift in operational footprint or the rationalization of underperforming infrastructure assets. Monitoring this helps investors assess management's ability to optimize its asset base and control exit-related liabilities.