Select Water Solutions Q1 Revenue $366M; Net Income $9.4M; EBITDA $77.6M
Select Water Solutions announced strong first-quarter 2026 financial results, with consolidated revenue increasing 6% sequentially to $366 million and net income reaching $9.4 million, a significant improvement from a net loss in the prior quarter. The company also reported record quarterly Water Infrastructure revenue of $97 million, up 19% sequentially, and announced $28.6 million in strategic acquisitions to expand its Northern Delaware Basin footprint. Full-year guidance for the Water Infrastructure segment was raised, reflecting continued growth expectations.
Key Highlights
- Consolidated revenue for Q1 2026 was $366.0 million, a 6% increase from Q4 2025.
- Net income for Q1 2026 was $9.4 million, compared to a net loss of $2.1 million in Q4 2025.
- Adjusted EBITDA reached $77.6 million in Q1 2026, up $13.4 million or 21% sequentially.
- Water Infrastructure segment generated record revenue of $96.7 million, an increase of 19% from Q4 2025.
- Announced $28.6 million in acquisitions, adding disposal capacity, water rights, and storage in the Northern Delaware Basin.
- Increased full-year 2026 Water Infrastructure segment growth guidance to 25-30% year-over-year.
- Net capital expenditures for Q1 2026 were $77.3 million, with full-year guidance raised to $200-$250 million.
- Total liquidity stood at $307.7 million as of March 31, 2026.
Price Impact
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