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WTTR · Select Water Solutions, Inc.

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$20.86 +0.49 (+2.41%) At close · Aug 14
Market Cap
$2.89B
Shares
138.48M
All earnings calls

Earnings call · FY2025 Q2

Select Water Solutions, Inc. Q2 FY2025 Earnings Call

Select Water Solutions, Inc. Q2 FY2025 Earnings Call

Concluded Aug 6, 2025
Aug 6, 2025 34 turns
Period
FY2025 Q2
Runtime
Sources
3 artifacts

Executive readout · one minute

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Water Services portfolio rationalization 16 Contracted volumes, margins and pricing 14 OMNI Environmental Solutions transaction 11 Forward outlook and 2026 trajectory 9 Peak Rentals carve-out and distributed power 9 Capital allocation and balance sheet 4

Management tone

Confident

Net tone +78 · moderate hedging

Grounding quotes
  • “we increased net income by 22% and adjusted EBITDA by 13%. Importantly, we improved operating margins across each segment, leading to consolidated gross margin gains of nearly 2 percentage points.”
  • “We achieved strong top-line and bottom-line growth in our Water Infrastructure segment while growing gross margins before D&A to 55%.”
  • “I am pleased to have executed multiple new long-term contracts in the Northern Delaware during the second quarter to expand on our current network in both Eddy and Lea counties, adding approximately 60,000 acres of additional leasehold dedication and 385,000 acres under right of first refusal agreements.”
  • “We expect to see a trajectory over the course of '26 with, as Michael mentioned, projects building out through the first half of the year and partly into Q3. So that should drive continued trajectory with an exit rate in '26 materially above, obviously, where we're going to be in the first half of the year.”

Research coverage

3 live sources

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Revenue $364.21M -0.3% YoY
Gross margin 15.9% -0.6 pp YoY
Net income $10.65M -17.3% YoY

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Quarter detail

How the reported period landed and where the business moved.

Revenue · products & services

Water Services$215.66M -6.2% YoY
Water Infrastructure$80.86M +17.9% YoY
Chemical Technologies$67.70M +1.7% YoY

Capital returned

Buybacks · derived
$286,000
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