---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-017561"
form_type: "8-K"
ticker: "WTTR"
cik: "0001693256"
company_name: "Select Water Solutions, Inc."
filed_at: "2025-05-06T23:59:59+00:00"
generated_at: "2026-05-22T12:47:29.128187+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Select Water Q1 revenue $374M, net income $9.6M, adj. EBITDA $64M; Q2 guide $68-72M

## Summary
- Revenue $374.4M, up 7% sequentially; net income $9.6M vs net loss $2.1M in Q4 2024.
- Adjusted EBITDA $64.0M, up 14% sequentially; Q2 2025 adjusted EBITDA guided to $68-72M.
- Signed 11-year Delaware Basin contract with 265,000+ acres; expects $100-125M incremental capex.
- 2025 net capex raised to $225-250M; free cash flow conversion guided to 5-15% of adjusted EBITDA.
- New $300M revolver and $250M term loan executed; invested additional $10M in AV Farms water rights.

## SEC filing metadata
- accession: 0001140361-25-017561
- form_type: 8-K
- ticker: WTTR
- cik: 0001693256
- company_name: Select Water Solutions, Inc.
- filed_at: 2025-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1693256/000114036125017561/0001140361-25-017561-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1693256/000114036125017561/ef20048531_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-017561
- JSON: https://secwatch.observer/filing/0001140361-25-017561.json
- Plain text: https://secwatch.observer/filing/0001140361-25-017561.txt

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