Select Water Solutions, Inc. reported a total revenue of $395.8 million for the second quarter of 2026, marking an increase of 8.7% from $364.2 million in the same quarter of the previous year. The company's net income for the quarter was $22.6 million, a significant rise of 93.3% compared to $11.7 million in the prior year. For the first half of 2026, revenue reached $761.8 million, up 3.1% from $738.6 million in the first half of 2025, with net income increasing by 50.7% to $32.0 million from $21.2 million.
The growth in revenue was driven primarily by the Water Infrastructure and Chemical Technologies segments, which saw increases of 25.7% and 41.9%, respectively. Water Infrastructure revenue rose to $101.6 million, attributed to higher recycling revenues and increased activity in New Mexico. Conversely, the Water Services segment experienced a decline of 8.1%, with revenue falling to $198.2 million, largely due to decreased Fluids Hauling revenue following divestitures related to the Omni transaction.
In terms of operational developments, Select Water Solutions has been actively expanding its infrastructure capabilities, particularly in the Northern Delaware Basin, where it has established a network of water management systems. The company has also entered into a long-term produced water transportation agreement, which includes a significant minimum volume commitment, enhancing its revenue predictability. Additionally, the company is exploring diversification initiatives, including partnerships for lithium extraction and beneficial reuse technologies.
Select Water Solutions has also made strategic acquisitions, including the purchase of a saltwater disposal facility in New Mexico and the Black River Ranch in Eddy County, which is expected to support its Water Infrastructure segment. The company reported a total asset value of $1.79 billion as of June 30, 2026, up from $1.60 billion at the end of 2025. The company’s employee headcount has also increased, reflecting its growth strategy and operational expansion.
Looking ahead, Select Water Solutions anticipates continued demand for its services, driven by increasing produced water volumes and the need for integrated water management solutions. However, the company remains cautious about potential impacts from geopolitical tensions and fluctuating commodity prices, which could affect customer activity levels and overall market conditions. The company is committed to maintaining liquidity and has sufficient cash reserves and borrowing capacity to support its operations and growth initiatives in the coming months.
About Select Water Solutions, Inc.
Select Water Solutions Inc. provides sustainable water management and chemical solutions to the U.S. energy industry. Its core segments include water infrastructure, recycling, disposal, and chemical technologies, supporting oil and gas operations through water sourcing, transfer, treatment, and waste management. The company emphasizes environmental responsibility, safety, and innovation, serving major E&P customers across key shale plays with long-term contracts and advanced logistics.
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