PR Newswire·Nov 9, 2026, 7:00 AM ET

Select Water Solutions Announces Third Quarter 2026 Financial, Operational and Strategic Updates

WTTR

Select Water Solutions reported third quarter 2026 consolidated revenue of $412 million, a 28% year-over-year increase from $322 million in the prior year period.
The company generated net income of $23 million for the quarter, up $21 million from the third quarter of 2025.
Adjusted EBITDA reached $93 million, representing a 57% year-over-year increase of $34 million compared to the third quarter of 2025.
Water Infrastructure revenue hit a record $110 million, a 40% year-over-year increase driven by a 30% rise in produced water volumes handled to 1.7 million barrels per day.
Select completed the recapitalization & sale of a majority 55% interest in Peak Rentals, retaining a 45% minority stake while receiving approximately $76.8 million in total consideration.
The company closed the acquisition of Pilot Water Solutions subsequent to the quarter end, expanding its water midstream position in the Delaware Basin.
Subsequent to quarter end, Select issued $900 million in senior notes to fund the Pilot Water acquisition & repay existing debt, while also entering a new $500 million revolving credit facility.
Water Services segment revenue increased 7% sequentially to $212 million, outpacing macro activity expectations.
Chemical Technologies segment revenue was $90 million, meeting the high end of the guided range.
The company raised its fourth quarter Adjusted EBITDA guidance to an estimated $95–$100 million.
Full-year 2026 net capital expenditures are now anticipated at approximately $300–$310 million.
Cash provided by operating activities for the quarter was $84 million, while free cash flow was negative $3.6 million.
Total liquidity stood at $271.6 million as of September 30, 2026.

Company: Select Water Solutions, Inc.
Keywords: Select Water Solutions, Inc.