# Select Water Solutions, Inc.: overview

WTTR · NYSE · CIK 1693256 · [Energy](/sectors/energy.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/wttr.md) · [Financials](/companies/wttr/financials.md) · [Filings](/companies/wttr/filings.md) · [Insiders](/companies/wttr/insiders.md)

Latest reported revenue: [$395.8m](/filings/0001104659-26-091156.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 5, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001104659-26-091156).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [371](/filings/0001104659-25-107051.md) | [349 d](/filings/0001104659-26-017085.md) | [374](/filings/0001104659-26-056298.md) | [364](/filings/0001104659-26-091156.md) | [322](/filings/0001104659-25-107051.md) | [347 d](/filings/0001104659-26-017085.md) | [366](/filings/0001104659-26-056298.md) | [396](/filings/0001104659-26-091156.md) |
| Gross margin | % | [16.8%](/filings/0001104659-25-107051.md) | [12.7% d](/filings/0001104659-26-017085.md) | [14.9%](/filings/0001104659-26-056298.md) | [15.9%](/filings/0001104659-26-091156.md) | [13.5%](/filings/0001104659-25-107051.md) | [13.1% d](/filings/0001104659-26-017085.md) | [17.8%](/filings/0001104659-26-056298.md) | [19.4%](/filings/0001104659-26-091156.md) |
| Operating margin | % | [6.6%](/filings/0001104659-25-107051.md) | [0.7% d](/filings/0001104659-26-017085.md) | [4.2%](/filings/0001104659-26-056298.md) | [4.2%](/filings/0001104659-26-091156.md) | [(0.5%)](/filings/0001104659-25-107051.md) | [(0.1%) d](/filings/0001104659-26-017085.md) | [4.9%](/filings/0001104659-26-056298.md) | [8.7%](/filings/0001104659-26-091156.md) |
| Net margin | % | [4.3%](/filings/0001104659-25-107051.md) | [(0.5%) d](/filings/0001104659-26-017085.md) | [2.2%](/filings/0001104659-26-056298.md) | [2.9%](/filings/0001104659-26-091156.md) | [0.8%](/filings/0001104659-25-107051.md) | [(0.1%) d](/filings/0001104659-26-017085.md) | [2.4%](/filings/0001104659-26-056298.md) | [5.3%](/filings/0001104659-26-091156.md) |
| Diluted EPS | $ per share | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Free cash flow | $m | [14.4 d](/filings/0001104659-25-107051.md) | [12.7 d](/filings/0001104659-26-017085.md) | [(53.5)](/filings/0001104659-26-056298.md) | [3.2 d](/filings/0001104659-26-091156.md) | [(23.5) d](/filings/0001104659-25-107051.md) | [(6.0) d](/filings/0001104659-26-017085.md) | [(68.1)](/filings/0001104659-26-056298.md) | [15.7 d](/filings/0001104659-26-091156.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL not reported.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [765](/filings/0001558370-24-001437.md) | [1,387](/filings/0001558370-25-001154.md) | [1,585](/filings/0001104659-26-017085.md) | [1,452](/filings/0001104659-26-017085.md) | [1,407](/filings/0001104659-26-017085.md) |
| Gross margin | % | [2.7%](/filings/0001558370-24-001437.md) | [11.6%](/filings/0001558370-25-001154.md) | [14.6%](/filings/0001104659-26-017085.md) | [15.1%](/filings/0001104659-26-017085.md) | [14.4%](/filings/0001104659-26-017085.md) |
| Operating margin | % | [(8.6%)](/filings/0001558370-24-001437.md) | [2.8%](/filings/0001558370-25-001154.md) | [3.9%](/filings/0001104659-26-017085.md) | [3.8%](/filings/0001104659-26-017085.md) | [2.0%](/filings/0001104659-26-017085.md) |
| Net margin | % | [(5.5%)](/filings/0001558370-24-001437.md) | [3.5%](/filings/0001558370-25-001154.md) | [4.7%](/filings/0001104659-26-017085.md) | [2.1%](/filings/0001104659-26-017085.md) | [1.5%](/filings/0001104659-26-017085.md) |
| Diluted EPS | $ per share | not reported | not reported | not reported | not reported | not reported |
| Free cash flow | $m | [(56.2)](/filings/0001558370-24-001437.md) | [(38.7)](/filings/0001558370-25-001154.md) | [149](/filings/0001104659-26-017085.md) | [61.7](/filings/0001104659-26-017085.md) | [(79.9)](/filings/0001104659-26-017085.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL not reported.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/wttr/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $233.5m | 11,687,275 |  | Added +2,084,304 |
| [FRANKLIN RESOURCES INC](/funds/38777.md) | 2026-06-30 | $223.9m | 11,207,094 |  | Added +334,695 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $130.3m | 6,519,388 |  | Reduced −30,921 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $104.0m | 5,206,877 |  | Added +264,323 |
| [AMERICAN CENTURY COMPANIES INC](/funds/748054.md) | 2026-06-30 | $83.2m | 4,165,082 |  | Added +158,091 |
| [WELLINGTON MANAGEMENT GROUP LLP](/funds/902219.md) | 2026-06-30 | $77.0m | 3,855,291 |  | Reduced −127,786 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $76.2m | 3,815,297 |  | Added +480,192 |
| [DEPRINCE RACE & ZOLLO INC](/funds/1008894.md) | 2026-06-30 | $68.9m | 3,447,087 |  | Reduced −70,076 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $65.2m | 3,262,249 |  | Added +754,639 |
| [Merewether Investment Management, LP](/funds/1736852.md) | 2026-06-30 | $59.1m | 2,955,888 |  | Added +66,888 |

## Recent filings

[All 680 filings](/companies/wttr/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-21 | 20:22 ET | [8-K](/filings/0001104659-26-117850.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001104659-26-117850 |
| 2026-10-16 | 22:35 ET | [8-K](/filings/0001104659-26-116323.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001104659-26-116323 |
| 2026-10-13 | 11:40 ET | [8-K](/filings/0001104659-26-115262.md) | 1.01 Entry into a material agreement; 2.02 Results of operations; 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001104659-26-115262 |
| 2026-09-24 | 20:45 ET | [8-K](/filings/0001104659-26-110440.md) | 1.01 Entry into a material agreement; 3.02 Unregistered sale of equity; 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001104659-26-110440 |
| 2026-08-05 | 20:30 ET | [10-Q](/filings/0001104659-26-091156.md) | Quarterly report, period 2026-06-30 | 0001104659-26-091156 |
| 2026-08-04 | 20:20 ET | [8-K](/filings/0001140361-26-031155.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001140361-26-031155 |
| 2026-06-01 | 21:00 ET | [8-K](/filings/0001140361-26-023584.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001140361-26-023584 |
| 2026-05-08 | 20:16 ET | [8-K](/filings/0001140361-26-020043.md) | 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001140361-26-020043 |
| 2026-05-06 | 20:31 ET | [10-Q](/filings/0001104659-26-056298.md) | Quarterly report, period 2026-03-31 | 0001104659-26-056298 |
| 2026-05-05 | 21:16 ET | [8-K](/filings/0001140361-26-019129.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001140361-26-019129 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001104659-26-017085.md), filed Feb 18, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1693256
- Tickers: WTTR
- Exchange: NYSE
- SIC code: 1389 Oil & Gas Field Services, NEC
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:46 ET. No prices; not investment advice.