{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-110440","form_type":"8-K","ticker":"WTTR","cik":"0001693256","company_name":"Select Water Solutions, Inc.","filed_at":"2026-09-24T20:45:44+00:00","discovered_at":"2026-09-24T20:47:12.851686+00:00","generated_at":"2026-09-24T20:47:21.025809+00:00","sec_items":["1.01","3.02","7.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Select Water buys Pilot Water for $600M cash + $100M stock, plus $15M earnout","bullets":["Acquires Pilot Water Solutions, private Delaware Basin water midstream, for $700M cash/stock plus $15M contingent earnout.","Pilot Water 2026E Adjusted EBITDA $100–110M, growing to $120–130M in 2027; targets $10–15M cost synergies.","Adds 2.7M bbl/day permitted disposal, 0.9M undeveloped, 700+ miles pipeline; combined MVCs >600k bbl/day.","Expected close Q4 2026 subject to HSR and regulatory approvals; pro forma net leverage <2.0x at closing.","Separately sold 55% of Peak Rentals for $41.5M cash + $35.3M seller note; retains 45% interest."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-110440","json":"https://secwatch.observer/filing/0001104659-26-110440.json","markdown":"https://secwatch.observer/filing/0001104659-26-110440.md","text":"https://secwatch.observer/filing/0001104659-26-110440.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1693256/000110465926110440/0001104659-26-110440-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1693256/000110465926110440/tm2625939d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-09-24T20:47:21.025809+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}