Select Water Solutions reported second quarter revenue of $395.8 million, an 8% increase from the first quarter of 2026 and a 9% increase from the second quarter of 2025. The company posted net income of $22.6 million, or $0.17 per diluted share, up from $9.4 million in the prior quarter.
Key Highlights
- Record quarterly revenue was achieved in both the Water Infrastructure segment, at $101.6 million, and the Chemical Technologies segment, at $96.0 million.
- Adjusted EBITDA grew 19% sequentially to $92.7 million, driven by revenue growth and margin expansion across all segments.
- The company signed a 7-year agreement with a large public operator in the Northern Delaware Basin, which includes the conveyance of 14 saltwater disposal wells and is supported by a 128-million-barrel minimum volume commitment.
- Full-year 2026 net capital expenditure guidance was increased to a range of $250 million to $290 million to support new infrastructure contracts.