Quarterly ResultMay 6, 2026, 04:38 PM
Select Water Solutions Q1 Net Income $8.61M; $191.7M Stock Offering
AI Summary
Select Water Solutions reported Q1 2026 net income attributable to the company of $8.6 million, an increase from $8.2 million in Q1 2025, despite a decrease in total revenue to $366.0 million from $374.4 million year-over-year. The company successfully completed an underwritten public offering in February 2026, generating net proceeds of $191.7 million. Segment performance was mixed, with Water Infrastructure and Chemical Technologies showing revenue growth, while Water Services experienced a decline.
Key Highlights
- Net proceeds from February 2026 underwritten public offering: $191.7 million.
- Q1 2026 total revenue: $366.0 million, down from $374.4 million in Q1 2025.
- Q1 2026 net income attributable to Select Water Solutions: $8.6 million, up from $8.2 million in Q1 2025.
- Water Infrastructure revenue: $96.7 million, up from $72.4 million in Q1 2025.
- Water Services revenue: $191.2 million, down from $225.6 million in Q1 2025.
- Chemical Technologies revenue: $78.0 million, up from $76.3 million in Q1 2025.
- Cash and cash equivalents at March 31, 2026: $56.0 million, up from $18.1 million at Dec 31, 2025.
- Paid $8.8 million in dividends and distributions in Q1 2026.