Select Water Solutions (NYSE:WTTR) Announces Quarterly Earnings Results

Select Water Solutions (NYSE:WTTR) posted its earnings results on Monday. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02), FiscalAI reports. The business had revenue of $412.19 million for the quarter, compared to analyst estimates of $397.96 million. Select Water Solutions had a return on equity of 4.70% and a net margin of 3.28%. The firm’s quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.03 earnings per share.

Here are the key takeaways from Select Water Solutions’ conference call:

• Select reported $412 million in third-quarter revenue, $23 million in net income and record Adjusted EBITDA of $93.5 million; year-to-date Adjusted EBITDA of $264 million already exceeded its full-year 2025 record.
• Water Infrastructure revenue rose about 40% year over year as produced-water volumes reached 1.7 million barrels per day. Following the Pilot Water acquisition, Select expects fourth-quarter segment revenue to grow 35%–45% sequentially and sees further growth opportunities in 2027.
• Select says Pilot adds disposal capacity that complements its recycling-focused network, prompting encouraging customer interest and potentially improving project win rates. Management expects the acquisition and organic projects to support meaningful 2027 growth, though integration and potential synergies are still developing.
• The Peak Rentals divestiture and fourth-quarter seasonality are expected to weigh on Water Services and Chemical Technologies, while higher interest expense and increased capital spending will pressure costs and cash flow. Select forecasts fourth-quarter net interest expense of $15 million–$17 million and 2026 net capital expenditures of $300 million–$310 million.
• Select expects fourth-quarter Adjusted EBITDA of $95 million–$100 million and says its new financing leaves it with nearly double its prior available liquidity and pro forma net leverage of about 2x.

Select Water Solutions Stock Up 0.3%

NYSE WTTR opened at $15.36 on Wednesday. Select Water Solutions has a 52 week low of $9.28 and a 52 week high of $22.55. The firm has a market cap of $2.13 billion, a PE ratio of 37.45 and a beta of 0.98. The company has a quick ratio of 1.40, a current ratio of 1.58 and a debt-to-equity ratio of 0.17. The business’s fifty day simple moving average is $19.24 and its 200-day simple moving average is $17.49.

Select Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Friday, November 13th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.8%. Select Water Solutions’s dividend payout ratio (DPR) is 68.29%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Raymond James Financial cut Select Water Solutions from a “strong-buy” rating to an “outperform” rating and raised their price objective for the company from $24.00 to $26.00 in a report on Thursday, August 6th. Bank of America increased their target price on Select Water Solutions from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, September 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Select Water Solutions in a research note on Friday, October 2nd. JPMorgan Chase & Co. initiated coverage on shares of Select Water Solutions in a report on Friday, August 21st. They issued an “overweight” rating and a $24.00 target price for the company. Finally, TD Cowen cut shares of Select Water Solutions to a “neutral” rating in a research report on Friday, August 21st. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.57.

About Select Water Solutions

Select Water Solutions, Inc. provides water-management and chemical services to oil and natural gas exploration and production companies. Its services support drilling, completions and ongoing production, with a focus on managing water used in and generated by energy operations. The company’s offerings include water sourcing, transfer, treatment, recycling and disposal, as well as water infrastructure such as pipelines and related facilities. It also supplies specialty chemicals and technical services designed for oilfield operations.