Select Water Q1 rev $366M (+6% QoQ), adj EBITDA $77.6M; raises Water Infra growth guidance to 25-30%

Select Water Solutions, Inc.

Revenue $366.0M vs $346.6M Q4'25; net income $9.4M, up from net loss ($2.1M) in Q4'25.
Water Infrastructure segment record rev $96.7M (+19% QoQ); full-year growth guidance raised from 20-25% to 25-30%.
Q2 2026 adj EBITDA guidance $77-80M; net capex raised to $200-250M.
Closed $28.6M of acquisitions in Northern Delaware Basin adding disposal capacity, water rights, and storage.
Generated $10.2M operating cash flow; total liquidity $307.7M after $191.7M equity offering and $70M debt repayment.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Select Water Solutions, Inc. reported first quarter ended March 31, 2026 results: revenue $366.0 million, net income $9.4 million. Guidance raised.

Period: first quarter ended March 31, 2026
Revenue: $366.0 million
Net income: $9.4 million
Guidance: raised
Result: reported results

Exact text from the filing

Revenue for the first quarter of 2026 was $366.0 million

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Select Water Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-26-019129

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