Select Water Solutions, Inc.

Listed Company

WTTRCIK 0001693256NYSELarge AcceleratedOil & Gas Field Services, NecDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.41B

Net Income

$21.22M

Total Assets

$1.60B

Equity

$805.62M

Shares Out

40.33M

Op. Cash Flow

$214.67M

WTTR$20.32+115.60% · past yearDBEQ Basic

Daily closing prices

Business

Select Water Solutions, Inc. is a leading provider of sustainable water-management solutions to the oil and gas energy industry across the U.S., offering recycling, disposal, transfer, and treatment services for produced water throughout the well lifecycle. The company operates three reportable segments: Water Infrastructure (permanent pipeline networks, recycling and disposal facilities, storage), Water Services (water transfer, sourcing, containment, hauling, automation, and accommodations/rentals), and Chemical Technologies (specialty chemicals for hydraulic fracturing, completion, and water treatment). Select serves major integrated and independent oil and gas producers across most major unconventional shale plays including the Permian Basin, Haynesville, Bakken, Rockies, and Northeast regions.

Summary from 10-K filed 2026-02-18

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	1,407	1,452	1,585	1,387	765
Depreciation, amortization and accretion	174	154	139	114	—
Total costs of revenue	1,205	1,233	1,354	1,227	744
Gross profit	202	219	232	161	21
Selling, general and administrative	161	160	156	119	83
Depreciation and amortization	5	3	2	—	—
Impairments and abandonments	6	1	13	—	—
Lease abandonment costs	734,000	358,000	42,000	449,000	894,000
Total operating expenses	174	165	170	122	86
Income from operations	29	54	61	39	−66
Gain (loss) on sales of property and equipment and divestitures, net	10	3	−210,000	2	−2
Interest expense, net	−23	−7	−4	−3	—
Remeasurement gain on business combination	15	—	—	—	—
Tax receivable agreements expense	−5	−836,000	−38	—	—
Other	−1	−573,000	2	5	675,000
Income before income tax benefit (expense) and equity in losses of unconsolidated entities	25	49	21	57	−50
Income tax benefit (expense)	2	−14	60	−957,000	−147,000
Equity in losses of unconsolidated entities	−5	−352,000	−2	−913,000	−279,000
Net income	21	35	79	55	−50
Less: net income attributable to noncontrolling interests	−244,000	−5	−5	−7	8
Net income attributable to Select Water Solutions, Inc.	21	31	74	48	−42

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	18	20	57	7	86
Inventories	34	38	39	41	44
Prepaid expenses and other current assets	38	45	36	34	31
Total current assets	354	385	454	518	395
Property and equipment	1,629	1,405	1,145	1,084	944
Accumulated depreciation	−717	−680	−627	−584	−552
Total property and equipment, net	912	726	518	500	392
Right-of-use assets, net	29	37	40	48	48
Goodwill	48	18	5	—	—
Other intangible assets, net	106	124	116	139	108
Deferred tax assets, net	49	46	62	—	—
Investments in unconsolidated entities	78	11	—	—	—
Other long-term assets	19	19	25	19	7
Total assets	1,596	1,366	1,218	1,223	950
Accounts payable	50	39	43	62	36
Accrued accounts payable	46	76	66	67	52
Accrued salaries and benefits	18	30	28	29	22
Accrued insurance	22	25	20	26	13
Sales tax payable	2	2	1	3	3
Current portion of tax receivable agreements liabilities	—	93,000	469,000	—	—
Accrued expenses and other current liabilities	38	40	34	23	20
Current operating lease liabilities	14	16	15	18	14
Current portion of long-term debt	31	—	—	—	—
Current portion of finance lease obligations	650,000	211,000	194,000	19,000	113,000
Total current liabilities	226	233	212	231	162
Long-term tax receivable agreements liabilities	43	38	38	—	—
Long-term operating lease liabilities	22	31	38	46	53
Long-term debt, net	285	85	—	16	—
Other long-term liabilities	93	63	39	45	40
Total liabilities	669	451	326	339	255
Commitments and contingencies (Note 11)	—	—	—	—	—
Preferred stock, $0.01 par value; 50,000,000 shares authorized; no shares issued and outstanding as of December 31, 2025 and December 31, 2024	—	—	—	—	—
Additional paid-in capital	989	998	1,008	1,076	950
Accumulated deficit	−185	−206	−237	−311	−359
Total stockholders' equity	806	794	772	766	592
Noncontrolling interests	121	122	120	118	103
Total equity	927	916	892	884	695
Total liabilities and equity	1,596	1,366	1,218	1,223	950

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation, amortization and accretion	180	157	141	116	—
Deferred tax (benefit) expense	−1	13	−62	−188,000	283,000
(Gain) loss on disposal of property and equipment and divestitures	−10	−3	210,000	−2	2
Credit loss expense	989,000	58,000	5	2	−139,000
Amortization and write off of debt issuance costs	2	489,000	489,000	—	—
Inventory adjustments	100,000	−600,000	2	−737,000	239,000
Equity-based compensation	20	26	17	16	9
Other operating items, net	2	1	−450,000	−2	−2
Accounts receivable	16	47	102	−162	−80
Prepaid expenses and other assets	12	−15	−7	1	−15
Accounts payable and accrued liabilities	−30	−29	−46	23	43
Net cash provided by operating activities	215	235	285	33	−16
Purchase of property and equipment	−295	−173	−136	−72	−40
Purchase of equity-method investment	−72	—	−500,000	−8	−2
Acquisitions, net of cash received	−54	−161	−18	−7	−35
Proceeds received from sales of property and equipment	15	16	17	31	13
Net cash used in investing activities	−405	−319	−137	−53	−64
Borrowings from revolving line of credit	132	165	105	143	—
Payments on revolving line of credit	−147	−80	−121	−127	—
Borrowings from long-term debt	250	—	—	—	—
Payments of finance lease obligations	−601,000	−231,000	−98,000	−112,000	−320,000
Payment of debt issuance costs	−8	—	—	−2	—
Dividends and distributions paid	−34	−30	−25	−6	—
Proceeds from share issuance	—	50,000	—	53,000	58,000
Payments under tax receivable agreements	−77,000	−521,000	—	—	—
Distributions to noncontrolling interests	—	—	−2	−2	−1
Contributions from noncontrolling interests	3	—	6	—	—
Repurchase of common stock	−7	−8	−62	−20	−1
Net cash provided by (used in) financing activities	188	47	−98	−58	−3
Effect of exchange rate changes on cash	6,000	−9,000	−3,000	−13,000	8,000
Net (decrease) increase in cash and cash equivalents	−2	−37	50	−78	−83
Cash paid for interest	19	7	5	2	1
Cash paid for income taxes, net	642,000	2	2	−452,000	−887,000
Asset retirement obligation revisions	—	12	—	—	—
Lease liabilities arising from obtaining right-of-use assets	8	13	8	15	9
Issuance (recoupment) of shares for acquisitions	8	—	−410,000	134	32
Assets and liabilities transferred in business combination	21	—	—	—	—
Property and equipment obtained by assuming liabilities	10	—	—	—	—
Capital expenditures included in accounts payable and accrued liabilities	30	50	34	18	12

Filings

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Frequently asked questions

What is Select Water Solutions, Inc.'s CIK number?

Select Water Solutions, Inc.'s SEC CIK number is 0001693256 (1693256). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Select Water Solutions, Inc.'s SEC filings?

All of Select Water Solutions, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Select Water Solutions, Inc. last report earnings?

Select Water Solutions, Inc. (WTTR) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001140361-26-019129). This is Select Water Solutions, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Select Water Solutions, Inc.'s most recent earnings 8-K?

Select Water Solutions, Inc.'s latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001140361-26-019129. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Select Water Solutions, Inc.'s latest earnings 8-K →
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