secwatch.observer — SEC 8-K summary
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Issuer:     Select Water Solutions, Inc. (WTTR)
CIK:        0001693256
Form:       8-K
Filed at:   2025-08-06T23:59:59+00:00
Accession:  0001140361-25-028927
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Select Water Q2 adjusted EBITDA $72.6M, net income up 22%; Bakken swap, Peak strategic review
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- Q2 revenue $364.2M (-2.7% QoQ); net income $11.7M (+22% QoQ); adjusted EBITDA $72.6M (+13.4% QoQ).
- Water Infrastructure revenue $80.9M (+12% QoQ); gross margin before D&A 55.2%; 20% YoY growth expected in 2026.
- Closed asset swap with OMNI: acquired Bakken landfill/treatment assets; divested trucking ops for $17.7M cash + 862K shares.
- Evaluating strategic alternatives for Peak Rentals; Scott McNeill appointed CEO of Peak to lead capital formation.
- New Permian contracts: 12-year and 8-year deals; ~59K dedicated acres and 385K ROFR acres; capex ~$40M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1693256/000114036125028927/0001140361-25-028927-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1693256/000114036125028927/ef20053266_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-028927

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