Select Water Solutions Q2 revenue beats on Water Infrastructure segment growth

Select Water Solutions

04/08/2026 21:52

Overview
U.S. water solutions provider's Q2 revenue rose 8% sequentially, beating analyst expectations
Adjusted EBITDA for Q2 beat analyst expectations

Outlook
Select expects Q3 adj EBITDA of $90–$94 mln
Company sees Q3 Water Infrastructure revenue up 5–10% from Q2, margins 56–58%
Select expects Q3 Chemical Technologies revenue of $85–$90 mln, margins 20–21%

Result Drivers
WATER INFRASTRUCTURE GROWTH - Co said segment revenue rose due to increased produced water volumes handled and higher skim oil volumes and pricing
CHEMICAL TECHNOLOGIES DEMAND - Co said segment revenue and gross profit rose due to market share gains, increased completions intensity and complexity, and growing interest in surfactant technology
INFRASTRUCTURE CONTRACTS - Co said new minimum volume commitment contract and asset acquisitions supported infrastructure expansion and future growth

Company press release: ID:nPn370RvRa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$395.81 mln
$373.02 mln (5 Analysts)
Q2 Net Income
 
$22.56 mln
 
Q2 Adjusted EBITDA
Beat
$92.70 mln
$77.79 mln (7 Analysts)
Q2 Gross Margin
 
19.40%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the oil related services and equipment peer group is "buy"
Wall Street's median 12-month price target for Select Water Solutions Inc is $22.00, about 19.7% above its August 3 closing price of $18.38
The stock recently traded at 34 times the next 12-month earnings vs. a P/E of 50 three months ago

Reuters Recommended Reads
Aug 3 - Tetra Technologies Q2 revenue beats on strength in Completion Fluids & Products segment
Aug 3 - Atlas Energy Solutions Q2 Adjusted EBITDA beats estimates on power, logistics growth
Aug 3 - Hess Midstream's Q2 adjusted EBITDA beats on lower operating costs

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)