Select Water Solutions Q1 revenue, core profit beat estimates

Select Water Solutions

05/05/2026 21:31

Overview

U.S. water solutions provider's Q1 revenue rose 6% sequentially, beating analyst expectations

Q1 adjusted EBITDA exceeded analyst estimates

Outlook

Select Water Solutions raises full-year Water Infrastructure growth guidance to 25–30% yr-over-yr

Company expects Q2 consolidated Adjusted EBITDA at $77–$80 mln

Select Water Solutions expects 2026 net capital expenditures to rise to $200–$250 mln

Result Drivers

WATER INFRASTRUCTURE GROWTH - Record segment revenue driven by higher recycling and disposal volumes, mainly from New Mexico system

NEW CONTRACTS AND COMMITMENTS - Multiple new long-term agreements and minimum volume commitments expanded commercial footprint and committed volumes

WATER SERVICES SEGMENT OUTPERFORMANCE - Revenue growth supported by improved activity, water transfer gains and increased water sales

Company press release: ID:nPn2cbQpWa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$366 mln
$344.70 mln (6 Analysts)
Q1 Net Income
$9.4 mln
Q1 Adjusted EBITDA
Beat
$77.6 mln
$65.74 mln (7 Analysts)
Q1 Gross Margin
17.8%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "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 $18.00, about 8.4% above its May 4 closing price of $16.61

The stock recently traded at 49 times the next 12-month earnings vs. a P/E of 55 three months ago

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.)