Earnings Releases·Nov 9, 2026, 7:05 AM ET

Select Water Solutions — Third Quarter 2026 Earnings Summary

Consolidated revenue rose 28% year-over-year to $412 million, while net income surged to $23 million from $2.3 million in the prior year period; Adjusted EBITDA increased 57% year-over-year to $93 million.
Management raised full-year 2026 net capital expenditure guidance to $300–$310 million and provided Q4 2026 Adjusted EBITDA guidance of $95–$100 million, driven by continued strength in the Water Infrastructure segment.
The company completed the acquisition of Pilot Water Solutions and issued $900 million in senior notes to fund the transaction, while simultaneously entering a new $500 million senior secured revolving credit facility.
Strategic capital allocation included the divestment of a 55% majority interest in Peak Rentals, generating $41.5 million in cash proceeds, alongside the full repayment and termination of the previous sustainability-linked credit facility.