#United States #Gainesville #financial results #Sustainable Solutions #Select Water Solutions

Select Water Solutions Reports Strong Q1 2026 Results

GAINESVILLE, Texas, May 5, 2026 – Select Water Solutions, Inc. (NYSE: WTTR), a prominent player in sustainable water and chemical solutions, recently disclosed its financial and operational updates for the first quarter of 2026. The company demonstrated robust financial growth, achieving consolidated revenues of $366 million, marking a 6% increase compared to the previous quarter.

Financial Highlights

In the first quarter of 2026, Select Water Solutions notably increased its net income to $9.4 million, rebounding from a net loss of $2.1 million from the fourth quarter of 2025. Furthermore, the company witnessed an impressive $13 million enhancement in its adjusted EBITDA, pulling in $77.6 million compared to the prior quarter. This stellar performance underscores the company’s commitment to optimizing its operational structures and expanding its market reach.

A record revenue haul from the Water Infrastructure segment was a key driver of this success, generating $96.7 million—a notable 19% increase from Q4 2025. This uptick can be attributed to enhanced recycling and disposal volumes, with the company reporting approximately 1.4 million barrels of water recycled or disposed per day. The expanding customer contracts across multiple basins—namely the Permian, Bakken, MidCon, and Northeast regions—further solidified Select's revenue streams.

Strategic Investments and Acquisitions

In addition to financial performance, Select Water Solutions announced strategic acquisitions totaling $28.6 million. These acquisitions were finalized in early May 2026 and enhance the company's infrastructure capacity in the Northern Delaware Basin, boasting significant additions of surface acreage, minerals, and important disposal facilities. This strategic move is anticipated to uplift Select’s operational and economic potential significantly.

John Schmitz, the company’s Chairman, President, and CEO, remarked, "The first quarter represented a robust launchpad for our year. Our growth in revenue and enhanced gross margins are indicative of effective strategies aimed at maximizing the value of our infrastructure."

Operational Efficiency and Future Outlook

Select aims to sustain this momentum moving into the second quarter and beyond. The Water Infrastructure segment is projected to exceed previous growth estimates, now targeting 25-30% year-over-year growth for the full year. The company is poised to make further infrastructure commitments amidst this promising outlook, situating itself well in the market.

The Chemical Technologies segment also performed well, with expectations for continued sequential revenue growth driven by demand for core product developments. Notably, Select anticipates a 10-15% increase in revenue within this segment for the second quarter of 2026, emphasizing its preparedness to meet market demands.

Conclusion

In summary, Select Water Solutions has effectively laid a strong foundation through its recent operational advancements and strategic acquisitions. The company's focus on sustainable practices and effective resource management continues to resonate within the energy industry. As it forges ahead into further quarters, stakeholders can expect continued robust performance and growth initiatives that align with the evolving landscape of water and energy solutions.

For further details and the latest updates from Select Water Solutions, please visit their official website or tune into their upcoming conference call scheduled for May 6, 2026. The company is committed to providing updates and engaging with investors as it continues to capitalize on growth opportunities across its operational sphere.