Select Water Solutions — Q3 2026 Earnings Summary

Other Key Points

• Select Water Solutions, Inc. (NYSE: WTTR) announced an intended offering of $800 million aggregate principal amount of Senior Notes due 2034, subject to market conditions.
• The Notes will be offered pursuant to Rule 144A and Regulation S to eligible purchasers and will be guaranteed on a senior unsecured basis by existing subsidiaries and future restricted subsidiaries.
• Net proceeds from the offering, combined with cash on hand and borrowings under a new revolving credit facility, are intended to fund a portion of the previously announced acquisition of Pilot Water Solutions LLC, repay outstanding term loan obligations in full, repay outstanding loans under the existing revolving credit facility (including accrued interest), and cover transaction fees, premiums, expenses, and costs.
• The Notes Offering is not contingent on the consummation of the Pilot Water Acquisition.
• If the Pilot Water Acquisition is not completed by March 1, 2027 (or an extended outside date), or if the Issuer notifies the trustee that the agreement is terminated or will not be pursued prior to that date, the Issuer must redeem an aggregate principal amount of Notes equal to the total issued less $450 million at a redemption price of 100% of the issue price plus accrued and unpaid interest.
• The press release contains no financial performance data, guidance, segment performance, or management commentary regarding earnings results.