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WTTR

Select Water Solutions, Inc.

WTTR

Select Water Solutions, Inc. • NYSE
$10.10 ▲ 1.20% (+0.12)
Market Cap $1.06 B
52w High $15.14
52w Low $7.20
Dividend Yield 0.28%
P/E 53.16
Volume 468.82K
Outstanding Shares 104.91M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $322.243M ▼ $88.904M ▲ $2.683M ▼ 0.833% ▼ $0.026 ▼ $53.579M ▼
Q2-2025 $364.215M ▼ $42.328M ▲ $10.647M ▲ 2.923% ▲ $0.1 ▲ $63.956M ▲
Q1-2025 $374.384M ▲ $40.229M ▼ $8.239M ▲ 2.201% ▲ $0.08 ▲ $55.826M ▲
Q4-2024 $349.047M ▼ $41.579M ▲ $-1.64M ▼ -0.47% ▼ $-0.02 ▼ $42.307M ▼
Q3-2024 $371.349M $37.934M $15.791M 4.252% $0.16 $65.043M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $17.828M ▼ $1.588B ▲ $656.496M ▲ $808.108M ▲
Q2-2025 $51.186M ▲ $1.546B ▲ $623.37M ▼ $799.28M ▲
Q1-2025 $27.892M ▲ $1.545B ▲ $628.262M ▲ $793.078M ▼
Q4-2024 $19.978M ▲ $1.366B ▲ $450.748M ▲ $793.52M ▼
Q3-2024 $10.938M $1.347B $427.221M $796.495M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $2.683M ▼ $71.696M ▼ $-126.212M ▼ $21.162M ▲ $-33.358M ▼ $-23.534M ▼
Q2-2025 $11.671M ▲ $82.586M ▲ $-74.972M ▲ $15.669M ▼ $23.294M ▲ $3.18M ▲
Q1-2025 $8.239M ▲ $-5.061M ▼ $-132.522M ▼ $145.499M ▲ $7.914M ▼ $-53.488M ▼
Q4-2024 $-2.134M ▼ $67.767M ▲ $-54.38M ▼ $-4.34M ▲ $9.04M ▲ $12.694M ▼
Q3-2024 $15.791M $51.876M $-40.124M $-17.232M $-5.479M $16.672M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Water Infrastructure
Water Infrastructure
 $80.00M ▲$70.00M ▼$80.00M ▲$80.00M ▲
Water Services
Water Services
 $220.00M ▲$230.00M ▲$220.00M ▼$170.00M ▼

Five-Year Company Overview

Income Statement

Income Statement The business has moved from deep losses a few years ago to steady profitability. Revenue has grown strongly since the downturn in 2020, though the most recent year shows a small step back from the prior peak rather than continued rapid growth. Profitability has improved meaningfully: gross profit and operating income are now consistently positive, and net income, while below the prior year’s high, remains clearly in the black. Overall, the income statement shows a company that has successfully turned around its operations, but with signs that growth and margins may now be in a more mature, moderate phase rather than in a sharp recovery phase.

Balance Sheet

Balance Sheet The balance sheet looks relatively solid and conservative. Total assets have gradually expanded, reflecting ongoing investment in the business. Equity has grown over time and comfortably exceeds the level of debt, suggesting modest leverage and a healthy capital base. Debt levels are low compared with the size of the company, which reduces financial risk. Cash on hand is fairly limited, however, so liquidity depends more on ongoing cash generation and access to credit than on a large cash cushion.

Cash Flow

Cash Flow Cash generation from the core business is a key strength. Operating cash flow has been consistently positive in recent years and has improved substantially from the weak period in 2020–2021. Free cash flow has been mostly positive, with the main swings driven by changes in investment spending. Capital spending has risen, indicating a willingness to reinvest in infrastructure and technology. Importantly, these investments are largely being funded from internal cash rather than heavy borrowing, which supports financial flexibility.

Competitive Edge

Competitive Edge Select Water Solutions occupies a focused niche in water management for oil and gas producers, with a strategy built on integrated, full‑lifecycle services rather than simple water hauling. Its network of pipelines, gathering systems, and fixed recycling facilities creates a physical footprint that is not easy to replicate quickly. Layered on top of this, its digital platforms for monitoring and automation, along with proprietary equipment and chemical solutions, give it a technology angle that differentiates it from more commodity‑like service providers. That said, it still competes with large, well‑capitalized oilfield service companies and remains tied to the inherently cyclical oil and gas industry, which can pressure volumes and pricing when activity slows.

Innovation and R&D

Innovation and R&D Innovation is a clear centerpiece of the company’s strategy. It has invested in proprietary software platforms for real‑time monitoring and control of water systems, helping customers run operations more efficiently and with fewer people on site. On the treatment side, it offers a wide toolkit—filtration, clarification, disinfection, and advanced processes like distillation—to enable large‑scale recycling and reuse of produced water. The company has also developed specialized hardware and chemicals tailored to this niche, and it is pushing further into lower‑emission technologies and more sustainable chemistries. Future innovation efforts appear focused on expanding recycling capacity, enhancing data and automation capabilities, and pursuing strategic deals that add new technologies or infrastructure in key basins.

Summary

Overall, Select Water Solutions looks like a company that has successfully rebuilt itself after a challenging period, with revenue and profits now on firmer footing and leverage kept relatively low. Its cash flows support ongoing investment in infrastructure and technology, which strengthens its positioning as a full‑service, tech‑enabled water partner to oil and gas operators. The main opportunities lie in growing demand for water recycling, environmental compliance, and automation across the energy sector. The main risks center on exposure to oil and gas activity cycles, competition from larger service providers, and the need to keep investing to stay ahead technologically. In short, it combines a reasonably strong financial base with a differentiated, innovation‑driven niche, but remains sensitive to broader energy market conditions.

NEWS

November 4, 2025 · 4:15 PM UTC

Select Water Solutions Announces Third Quarter 2025 Financial and Operational Results and Other Strategic Updates

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October 24, 2025 · 4:15 PM UTC

Select Water Solutions Announces Quarterly Cash Dividend of $0.07 Per Share

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October 22, 2025 · 4:15 PM UTC

Select Water Solutions and Mariana Minerals Break Ground on Texas's First Commercial Produced Water Lithium Extraction Facility

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October 13, 2025 · 4:15 PM UTC

Select Water Solutions Announces 2025 Third Quarter Earnings Release and Conference Call Schedule

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