Select Water Solutions, Inc. (WTTR)
Select Water Solutions, Inc. provides water management solutions to the energy industry in the United States. It operates in three segments: Water Infrastructure, Water Services, and Chemical Technologies. Its Water Infrastructure segment engages in the recycling, gathering, transferring, and disposal of water through a network of permanent pipeline infrastructure, water recycling and treatment facilities, water storage facilities, and SWDs and landfills; fluid disposals; pipelines and logistics; and solid management services. The Water Services segment offers water-related services, including water sourcing, water transfer, flowback and well testing, water containment, fluids hauling, water monitoring, and water network automation; AquaView automation services; technology solutions comprising hydrographic mapping, water volume and quality monitoring, remote pit and tank monitoring, leak detection, asset and fuel tracking, and automated-equipment services; and various surface rental equipment and workforce accommodation services. The Chemical Technologies segment offers technical solutions, products, and services related to chemical applications in the oil and gas industry; and water treatment and flow assurance solutions. This segment also develops, manufactures, manages logistics, and provides chemicals, including polymers for use in hydraulic fracturing, stimulation, cementing, and well completions; and offers production chemical solutions for underperforming wells, corrosion and scale monitoring, chemical inventory management, well failure analysis, and lab services. It serves oil and gas producers. The company was formerly known as Select Energy Services, Inc. and changed its name to Select Water Solutions, Inc. in May 2023. Select Water Solutions, Inc. was founded in 2008 and is headquartered in Gainesville, Texas.
Sector: Oil & Gas Field Services, NEC
Industry: Oil & Gas Equipment & Services
Select Water Solutions, Inc.
NYSE:WTTRUtilities · Regulated Water
+3.42%$18.14
AH Close$18.14+0.00%vs close
AH Close$18.14+0.00%vs close
Mkt Cap$2.34B
Float126.18M
O/S128.94M
Inst Own93.0%
SI6.5%
Div Yield1.54%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$1.41B
Net Income$21.22M
Total Assets$1.6B
Free Cash Flow-$79.89M
Debt & Equity
Debt 32%
Equity 68%
Total Debt$374.26M
Total Equity$805.62M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in WTTR's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.6B
Liabilities$668.54M
Accounts Receivable$263.96M
Accounts Payable$49.68M
Inventory$34.28M
PP&E (Net)$940.89M
Goodwill$48.48M
Intangible Assets$106.2M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Revenue | $1.41B | $1.45B | $1.59B | $1.39B | $764.62M | $605.11M | $1.29B | $1.53B | $692.49M | $302.4M | $535.58M |
| YoY Growth | -3.1% | -8.4% | 14.3% | 81.5% | 26.4% | -53.2% | -15.5% | 120.8% | 129.0% | -43.5% | - |
| Cost of Revenue | $1.21B | $1.23B | $1.35B | $1.23B | $743.76M | $634.37M | $1.14B | $1.33B | $634.71M | $346.53M | $523.33M |
| Gross Profit | $197.08M | $219.47M | $231.66M | $160.75M | $20.86M | -$29.27M | $148.74M | $198.48M | $57.78M | -$44.13M | $12.24M |
| Gross Margin | 14.0% | 15.1% | 14.6% | 11.6% | 2.7% | -4.8% | 11.5% | 13.0% | 8.3% | -14.6% | 2.3% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $161.32M | $159.98M | $155.55M | $118.94M | $83.08M | $74.36M | $111.62M | $103.16M | $82.4M | $34.64M | $56.55M |
| Other | $0 | $5M | $14.93M | $2.66M | $3.32M | $291.15M | $14.04M | $932K | $369K | $629K | $893K |
| Total Operating Expenses | $161.32M | $164.98M | $170.47M | $121.59M | $86.4M | $365.51M | $125.67M | $106.33M | $84.21M | $36.73M | $59.65M |
| Operating Income (EBIT) | $35.76M | $54.49M | $61.19M | $39.16M | -$65.54M | -$394.78M | $23.07M | $61.67M | -$30M | -$298.97M | -$68.77M |
| Operating Margin | 2.5% | 3.8% | 3.9% | 2.8% | -8.6% | -65.2% | 1.8% | 4.0% | -4.3% | -98.9% | -12.8% |
| Interest Expense | $23.18M | $6.96M | $4.39M | $2.7M | $1.71M | $2.14M | $2.69M | $5.31M | $6.63M | $16.13M | $13.69M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$15.9M | -$5.47M | -$42.17M | $16.65M | $15.6M | -$8.43M | -$16.99M | -$5.67M | -$5.98M | -$15.5M | -$12.8M |
| Income Before Tax (EBT) | $19.86M | $49.02M | $19.02M | $55.81M | -$49.94M | -$403.21M | $6.08M | $56M | -$35.98M | -$314.47M | -$81.57M |
| Income Tax Expense | -$1.61M | $13.57M | -$60.2M | $957K | $147K | -$1.48M | $1.95M | $1.7M | -$851K | -$524K | $324K |
| Net Income | $21.22M | $30.64M | $74.4M | $48.28M | -$42.23M | -$338.68M | $2.78M | $36.51M | -$16.82M | -$1.04M | -$81.89M |
| Net Income Margin | 1.5% | 2.1% | 4.7% | 3.5% | -5.5% | -56.0% | 0.2% | 2.4% | -2.4% | -0.3% | -15.3% |
| Supplementary Data | |||||||||||
| EPS | 0.21 | 0.31 | 0.73 | 0.51 | -0.48 | -3.98 | 0.03 | 0.49 | -0.23 | -0.02 | -2.13 |
| Diluted EPS | 0.20 | 0.30 | 0.72 | 0.50 | -0.48 | -3.98 | 0.03 | 0.49 | -0.23 | -0.02 | -2.13 |
| Weighted Average OS | 101.86M | 98.85M | 101.92M | 94.66M | 87.97M | 85.10M | 92.80M | 74.16M | 71.72M | 58.37M | 38.40M |
| EBITDA | $222.86M | $213.28M | $165.29M | $174.03M | $44.3M | -$299.4M | $129.44M | $227.06M | $74.1M | -$201.24M | $39.83M |
| EBITDA Margin | 15.8% | 14.7% | 10.4% | 12.5% | 5.8% | -49.5% | 10.0% | 14.9% | 10.7% | -66.5% | 7.4% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Assets | |||||||||||
| Current Assets | |||||||||||
| Cash and Cash Equivalents | $18.08M | $19.98M | $57.08M | $7.32M | $85.8M | $169.04M | $79.27M | $17.24M | $2.77M | $40.04M | $16.3M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $18.08M | $19.98M | $57.08M | $7.32M | $85.8M | $169.04M | $79.27M | $17.24M | $2.77M | $40.04M | $16.3M |
| Accounts Receivable | $263.96M | $281.72M | $322.78M | $435.07M | $233.04M | $129.46M | $272.31M | $342.83M | $381.3M | $76.03M | $79.7M |
| Inventory | $34.28M | $38.45M | $38.65M | $41.16M | $44.46M | $33.38M | $37.54M | $44.99M | $44.6M | $1M | $701K |
| Other Current Assets | $38.06M | $45.35M | $35.54M | $34.38M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $354.39M | $385.5M | $454.06M | $517.94M | $394.79M | $351.5M | $415.6M | $432.15M | $446.52M | $124.66M | $107.12M |
| Long-Term Assets | |||||||||||
| Property, Plant & Equipment Net | $940.89M | $762.5M | $557.09M | $547.22M | $439.52M | $402.7M | $523.03M | $502.85M | $474.11M | $248.87M | $368.69M |
| Goodwill | $48.48M | $18.21M | $4.68M | $0 | $0 | $0 | $266.93M | $273.8M | $273.42M | $12.24M | $150.77M |
| Intangible Assets | $106.2M | $123.72M | $116.19M | $138.8M | $108.47M | $116.08M | $136.95M | $148.38M | $156.07M | $11.59M | $19.84M |
| Long-Term Investments | $78.23M | $0 | $11.79M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $48.88M | $46.34M | $61.62M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $18.53M | $30.01M | $12.76M | $18.9M | $7.41M | $5.08M | $5.11M | $3.43M | $6.26M | $7.72M | $3.83M |
| Total Long-Term Assets | $1.24B | $980.78M | $764.13M | $704.92M | $555.41M | $523.85M | $932.02M | $928.45M | $909.85M | $280.41M | $543.13M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.6B | $1.37B | $1.22B | $1.22B | $950.19M | $875.36M | $1.35B | $1.36B | $1.36B | $405.07M | $650.25M |
| Liabilities | |||||||||||
| Current Liabilities | |||||||||||
| Accounts Payable | $49.68M | $115.39M | $46.67M | $129M | $88.1M | $34.87M | $86.02M | $48.03M | $55.35M | $10.8M | $9.86M |
| Short-Term Debt | $46.15M | $0 | $15.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $22.31M |
| Current Income Tax Payable | $2.44M | $2.11M | $1.87M | $3.06M | $2.71M | $1.42M | $2.12M | $5.82M | $12.93M | $66K | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.82M | $12.93M | $0 | $0 |
| Other Current Liabilities | $89.89M | $93K | $120.48M | $0 | $0 | $0 | $0 | $62.54M | $93.62M | $0 | $0 |
| Total Current Liabilities | $225.7M | $233.38M | $211.55M | $231.29M | $162.04M | $88.76M | $151.88M | $179.72M | $185.19M | $46.38M | $65.55M |
| Long-Term Liabilities | |||||||||||
| Long-Term Debt | $306.58M | $85M | $0 | $16M | $0 | $0 | $0 | $45M | $75M | $0 | $245.34M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $114.74M | $101.28M | $76.13M | $45.45M | $39.78M | $19.73M | $10.78M | $8.36M | $32.81M | $8.03M | $11.58M |
| Total Long-Term Liabilities | $442.85M | $217.37M | $114.47M | $107.83M | $92.98M | $80.72M | $82.93M | $70.11M | $107.81M | $23.97M | $256.92M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $668.54M | $450.75M | $326.02M | $339.13M | $255.02M | $169.48M | $234.81M | $249.83M | $293M | $70.36M | $322.47M |
| Stockholders' Equity | |||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1.21M | $1.19M | $1.18M | $1.26M | $1.1M | $1.03M | $1.04M | $1.05M | $1.06M | $584K | $317.16M |
| Retained Earnings | -$184.92M | -$206.15M | -$236.79M | -$311.19M | -$359.47M | -$317.25M | $21.44M | $18.65M | -$17.86M | -$1.04M | $0 |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$368K | $302K | -$490.52M | -$7K |
| Other Stockholders' Equity | $989.33M | $998.47M | $1.01B | $1.08B | $950.46M | $909.28M | $914.7M | $813.23M | $673.44M | $113.17M | -$7K |
| Total Equity | $805.62M | $793.52M | $772.49M | $765.98M | $592.1M | $593.06M | $937.18M | $832.93M | $656.65M | $112.72M | $317.15M |
| Minority Interest | $121.45M | $122.01M | $119.68M | $117.75M | $103.08M | $112.82M | $175.63M | $277.84M | $406.72M | $221.99M | $10.62M |
| Total Liabilities and Equity | $1.47B | $1.24B | $1.1B | $1.11B | $847.11M | $762.54M | $1.17B | $1.08B | $949.65M | $183.07M | $639.63M |
| Supplementary Data | |||||||||||
| Total Debt | $374.26M | $132.74M | $53.55M | $80.16M | $67.31M | $75.31M | $91.59M | $62.69M | $76.97M | $15.95M | $267.65M |
| Net Debt | $356.17M | $112.76M | -$3.54M | $72.84M | -$18.49M | -$93.73M | $12.32M | $45.45M | $74.19M | -$24.09M | $251.35M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Operating Activities | |||||||||||
| Net Income | $21.22M | $30.64M | $79.22M | $54.85M | -$50.09M | -$401.73M | $4.14M | $54.3M | -$35.13M | -$313.95M | -$81.87M |
| Depreciation & Amortization | $179.82M | $156.95M | $140.08M | $114.6M | $92.25M | $101.67M | $120.67M | $133.71M | $103.45M | $97.11M | $107.71M |
| Deferred Income Tax | -$1.22M | $13.34M | -$23.77M | -$188K | $4.49M | $292.17M | $22.54M | $25.4M | -$2.39M | $200.98M | $24.76M |
| Stock-Based Compensation | $0 | $26.36M | $17.37M | $15.57M | $9.47M | $5.76M | $15.48M | $10.37M | $7.69M | $317K | $692K |
| Changes in Working Capital: | |||||||||||
| Accounts Receivable | $16.11M | $46.88M | $102.3M | -$162.26M | -$80.13M | $142.87M | $57.91M | $36.54M | -$100.48M | $1.29M | $140.43M |
| Inventory | $0 | $0 | $0 | $0 | $239K | $852K | $250K | $442K | $0 | $0 | $0 |
| Accounts Payable | -$29.79M | $0 | $0 | $0 | $42.75M | -$50.1M | -$29.04M | -$20.77M | $22.47M | $16.34M | -$41.06M |
| Other Working Capital | $11.82M | -$43.42M | -$53.05M | $23.93M | -$15.35M | $14.03M | $11.07M | -$9.56M | -$2.18M | $17.57M | -$37.95M |
| Total Working Capital Change | -$1.86M | $3.46M | $49.25M | -$138.32M | -$52.49M | $107.66M | $40.19M | $6.65M | -$80.2M | $18.86M | $102.47M |
| Other Non-Cash Items | $16.7M | $4.14M | $23.21M | -$13.28M | -$19.88M | $281K | $928K | $1.98M | $3.68M | $1.82M | -$1.76M |
| Net Cash from Operating | $214.67M | $234.89M | $285.36M | $33.23M | -$16.25M | $105.81M | $203.95M | $232.41M | -$2.9M | $5.13M | $152M |
| Investing Activities | |||||||||||
| Capital Expenditures | -$294.56M | -$173.15M | -$135.87M | -$71.88M | -$39.99M | -$21.24M | -$110.14M | -$165.36M | -$98.72M | -$36.29M | -$54.08M |
| Acquisitions | -$35.47M | -$161.28M | -$18.19M | -$12.93M | -$36.94M | $197K | $14.87M | -$17M | -$65.49M | $9.13M | $400K |
| Purchases of Investments | -$72.06M | $0 | $0 | $0 | $12.68M | -$3M | $0 | $0 | $0 | $0 | $54.08M |
| Sales of Investments | $0 | $0 | $0 | $0 | $730K | $3M | $0 | $0 | $0 | $0 | $830K |
| Other Investing Activities | $0 | $15.81M | $16.89M | $31.56M | -$934K | $15.65M | $17.91M | $14M | $7.48M | $9.34M | -$39.93M |
| Net Cash from Investing | -$402.09M | -$318.62M | -$137.17M | -$53.25M | -$64.46M | -$5.39M | -$77.36M | -$168.36M | -$156.73M | -$26.95M | -$38.7M |
| Financing Activities | |||||||||||
| Debt Repaid | -$226.53M | -$84.77M | $16.1M | -$15.89M | $320K | $264K | $45.88M | $31.88M | $2M | $270.5M | $102M |
| Common Stock Issuance | $0 | $50K | $0 | $53K | $58K | $76K | $142K | $762K | $140.07M | $297.25M | $0 |
| Common Stock Repurchases | -$7.29M | -$7.91M | -$61.77M | -$20.21M | -$1.21M | -$10.88M | -$18.6M | -$16.56M | -$297K | $0 | $0 |
| Dividends Paid | -$33.66M | -$29.75M | -$24.92M | -$6.02M | $0 | $0 | $0 | $0 | $0 | $0 | -$4.25M |
| Other Financing Activities | -$77K | -$521K | $4.37M | -$26.09M | -$1.07M | $354K | -$207K | -$850K | $124.69M | $18.81M | $92K |
| Net Cash from Financing | $185.51M | $46.64M | -$98.42M | -$58.45M | -$2.54M | -$10.71M | -$64.69M | -$49.29M | $122.4M | $45.56M | -$107.35M |
| Forex Effect | $6K | -$9K | -$3K | -$13K | $8K | $64K | $130K | -$292K | -$34K | $0 | $75K |
| Net Change in Cash | -$1.89M | -$37.1M | $49.76M | -$78.48M | -$83.24M | $89.77M | $62.03M | $14.46M | -$37.27M | $23.74M | $6.02M |
| Supplementary Data | |||||||||||
| Operating Cash Flow | $214.67M | $234.89M | $285.36M | $33.23M | -$16.25M | $105.81M | $203.95M | $232.41M | -$2.9M | $5.13M | $152M |
| Capital Expenditure | -$294.56M | -$173.15M | -$135.87M | -$71.88M | -$39.99M | -$21.24M | -$110.14M | -$165.36M | -$98.72M | -$36.29M | -$54.08M |
| Free Cash Flow | -$79.89M | $61.73M | $149.49M | -$38.65M | -$56.24M | $84.57M | $93.81M | $67.05M | -$101.62M | -$31.16M | $97.92M |
| Cash at Beginning | $19.98M | $57.08M | $7.32M | $85.8M | $169.04M | $79.27M | $17.24M | $2.77M | $40.04M | $16.3M | $10.28M |
| Cash at End | $18.08M | $19.98M | $57.08M | $7.32M | $85.8M | $169.04M | $79.27M | $17.24M | $2.77M | $40.04M | $16.3M |