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

Select Water Solutions (NYSE:WTTR) released its earnings results on Monday. The company reported $0.16 earnings per share (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 3.11% and a net margin of 2.24%. The business’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.03 EPS.

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 Performance

WTTR opened at $15.08 on Tuesday. The stock has a market cap of $2.09 billion, a P/E ratio of 53.85 and a beta of 0.98. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.58 and a quick ratio of 1.40. The stock’s 50 day simple moving average is $19.32 and its 200 day simple moving average is $17.48. Select Water Solutions has a 1-year low of $9.28 and a 1-year high of $22.55.

Select Water Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.28 annualized dividend and a dividend yield of 1.9%. Select Water Solutions’s payout ratio is 100.00%.

Key Select Water Solutions News

Here are the key news stories impacting Select Water Solutions this week:

• Positive Sentiment: Revenue increased 28% year over year to $412 million, beating estimates of about $398 million. Net income rose to $23 million, and adjusted EBITDA climbed 57% to $93 million. Select Water Solutions Q3 2026 financial and operational update
• Positive Sentiment: Water Infrastructure posted record revenue of $110 million, up 40% year over year, highlighting growth in a key part of the business. Select Water Solutions beats Q3 2026 on record infrastructure revenue
• Positive Sentiment: After quarter-end, Select completed its acquisition of Pilot Water Solutions, expanding its water-midstream footprint in the Delaware Basin. Select Water Solutions Q3 2026 financial and operational update
• Negative Sentiment: Adjusted EPS was $0.16, below analyst estimates of roughly $0.17–$0.18. Despite substantial year-over-year improvement, the shortfall may weigh on investor sentiment. Select Water Solutions lags Q3 earnings estimates

Wall Street Analyst Weigh In

WTTR has been the topic of a number of analyst reports. JPMorgan Chase & Co. assumed coverage on Select Water Solutions in a research note on Friday, August 21st. They issued an “overweight” rating and a $24.00 price target on the stock. TD Cowen cut Select Water Solutions to a “neutral” rating in a research report on Friday, August 21st. Bank of America increased their price objective on Select Water Solutions from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, September 30th. Wall Street Zen downgraded Select Water Solutions from a “buy” rating to a “hold” rating in a report on Saturday, October 3rd. Finally, Raymond James Financial downgraded Select Water Solutions from a “strong-buy” rating to an “outperform” rating and raised their target price for the company from $24.00 to $26.00 in a report on Thursday, August 6th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.

Formerly known as Select Energy Services, the company serves customers in major U.S.