earnings
confidence high
sentiment positive
materiality 0.80
Select Water Solutions Q2 revenue $396M, net income $22.6M; signs 7-yr MVC deal for 128M barrels
Select Water Solutions, Inc.
- Q2 2026 revenue $395.8M (+8% seq, +9% YoY); net income $22.6M vs $9.4M in Q1 2026.
- Adjusted EBITDA $92.7M, up from $77.6M in Q1 2026; Q3 guidance $90-94M.
- Record Water Infrastructure revenue $101.6M (+5% seq); record Chemical Technologies revenue $96.0M (+23% seq).
- Signed 7-year agreement with large public operator: 14 SWDs conveyed, 19-mile pipeline, 128M barrel MVC in Northern Delaware Basin.
- Net capex guidance raised to $250-290M for 2026; free cash flow $17.0M in Q2.