Select Water Solutions, Inc.

Select Water Solutions reported strong second-quarter 2026 financial results, with total revenue increasing to $395.8 million and net income attributable to the company nearly doubling to $21.0 million. Diluted earnings per share for Class A common stock rose to $0.17. For the first six months of 2026, net income attributable to the company increased by 58.0% to $29.6 million. The company also completed a significant underwritten public offering in February 2026, generating $192.2 million in net proceeds.

Select Water Solutions, Inc. announced strong second quarter 2026 financial results, with consolidated revenue reaching $396 million and net income increasing to $23 million. The company achieved record revenues in its Water Infrastructure and Chemical Technologies segments. Additionally, Select Water Solutions executed a significant agreement for the conveyance of 14 saltwater disposal wells and a new pipeline project with a substantial minimum volume commitment, while also updating its capital expenditure guidance for 2026.

Select Water Solutions, Inc. announced that Michael C. Skarke has transitioned from his role as Executive Vice President and Chief Operating Officer to Executive Vice President and Chief Commercial Officer, effective June 1, 2026. In his new capacity, Mr. Skarke will focus on the commercialization of the company's water infrastructure networks and strategic development opportunities, including recent acquisitions. The company does not plan to appoint a new Chief Operating Officer, with business segment leaders now reporting directly to the CEO, and Mr. Skarke's compensation remains unchanged.

Select Water Solutions, Inc. held its 2026 Annual Meeting of Stockholders on May 7, 2026, with approximately 87.24% of outstanding shares represented. Stockholders elected all seven nominated directors, including Gayle L. Burleson, Richard A. Burnett, Bruce E. Cope, Luis Fernandez-Moreno, Robin H. Fielder, Timothy A. Roberts, and John D. Schmitz. Additionally, the appointment of Grant Thornton LLP as the independent registered public accounting firm for fiscal year 2026 was ratified, and the non-binding advisory vote to approve named executive officer compensation passed.

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.

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.