---
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"
generated_at: "2026-09-24T20:47:21.025809+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Select Water buys Pilot Water for $600M cash + $100M stock, plus $15M earnout

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-110440
- JSON: https://secwatch.observer/filing/0001104659-26-110440.json
- Plain text: https://secwatch.observer/filing/0001104659-26-110440.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.