Select Water Solutions, Inc. (WTTR) Form 8-K — Nov 9, 2026
Select Water Solutions reported Q3 2026 revenue of $412 million, up 28% year-over-year, with net income of $23 million and Adjusted EBITDA of $93 million, up 57% year-over-year. The Water Infrastructure segment hit record revenue of $110 million (+40% YoY) as produced water volumes handled rose more than 30% to 1.7 million barrels per day. Strategically, Select divested a 55% majority interest in Peak Rentals for roughly $76.8 million and closed the Pilot Water Solutions acquisition post-quarter, funded partly by a new $900 million 7.625% senior notes offering due 2034 and backed by a new $500 million revolver.
Key figures
- Eps
- 0.16
- Revenue
- 412189000
- Guidance
- Q4 2026 Adjusted EBITDA estimated at $95-100 million; 2026 net capex of approximately $300-310 million; Q4 Water Infrastructure revenues of $150-160 million, Water Services $150-160 million, Chemical Technologies $75-80 million.
- Net Income
- 22927000
- Debt Amount
- 900000000
- Revenue Yoy
- 28%
- Total Assets
- 1818246000
- Cash Position
- 34074000
- Interest Rate
- 7.625
- Maturity Date
- November 1, 2034
- New revolver
- $500 million five-year senior secured revolving credit facility (undrawn)
- Free cash flow
- ($3.6) million Q3 2026
- Adjusted ebitda
- $93.5 million Q3 2026 (+57% YoY)
- Total liquidity
- $271.6 million
- Peak divestiture
- 55% interest sold for ~$76.8 million ($41.5M cash + $35.3M seller note)
- Produced water volumes
- 1.7 million barrels per day (+30% YoY)
- Water services revenue
- $212 million
- Water infrastructure revenue
- $110 million (record, +40% YoY)
- Chemical technologies revenue
- $90 million
AI analysis
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