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Get filing alertsSelect Water Solutions reports Q2 2026 revenue of $395.8M, signs 7-year Delaware Basin contract
Filed August 4, 2026 · Period ending August 4, 2026 · ~1 min read
Key Changes
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high
Signed 7-year Northern Delaware Basin contract with 128M-barrel minimum volume commitment; operator conveyed 14 disposal wells, Select to build 19 miles of pipeline for $25–30M
Exhibit 99.1 view on EDGAR → -
high
Q2 2026 revenue $395.8M (up 8% from Q1 2026's $366.0M); net income $22.6M (up from Q1's $9.4M); adjusted EBITDA $92.7M (up from Q1's $77.6M)
Exhibit 99.1 view on EDGAR → -
high
Water Infrastructure segment posted record revenue of $101.6M (up 5% sequentially, 26% YoY) with gross margin before D&A of 58.3%; recycled/disposed ~1.5M barrels/day
Exhibit 99.1 view on EDGAR → -
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Chemical Technologies segment achieved record revenue of $96.0M (up 23% sequentially, 42% YoY) with gross margin before D&A of 20.2%, driven by market share gains and surfactant demand
Exhibit 99.1 view on EDGAR → -
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Raised 2026 net capex guidance to $250–290M to support recent infrastructure contract awards and growth opportunities
Exhibit 99.1 view on EDGAR →
Summary
Select Water Solutions reported strong Q2 2026 results with revenue of $395.8 million (up 8% sequentially) and net income of $22.6 million (more than double Q1's $9.4 million). Both the Water Infrastructure and Chemical Technologies segments achieved record quarterly revenues with expanding margins.
The Water Infrastructure segment generated $101.6 million at a 58.3% gross margin, benefiting from increased produced water volumes and higher skim oil pricing. Chemical Technologies posted $96.0 million in revenue at a 20.2% margin despite rising oil-based input costs, driven by market share gains and demand for higher-margin surfactant products.
The quarter's most significant development was a seven-year Northern Delaware Basin contract with a large public operator, backed by a 128-million-barrel minimum volume commitment. The operator conveyed 14 saltwater disposal wells to Select, and the company will construct 19 miles of pipeline to integrate the assets into its existing network. The $25–30 million project is expected to be operational within twelve months, providing long-term contracted cash flows. Select raised its 2026 capital expenditure guidance to $250–290 million to fund this and other infrastructure opportunities. Management expects continued sequential growth in Water Infrastructure (up 5–10% in Q3) and solid Chemical Technologies performance ($85–90M revenue in Q3).
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Select Water Solutions announced Q2 2026 financial results via press release.
Added in current filing · verify on EDGAR →
On August 4, 2026, Select Water Solutions, Inc. (the “Company”) issued a press release announcing its financial results for the second quarter ended June 30, 2026.
The company disclosed its second quarter 2026 financial results through a press release. The 8-K body does not provide specific financial figures; those details are contained in the attached press release exhibit.
Event · Exhibit 99.1
Select Water Solutions reported Q2 2026 results with record revenue in Water Infrastructure and Chemical Technologies segments, plus a major Northern Delaware Basin contract.
Added in current filing · view on EDGAR →
The Water Infrastructure segment generated revenues of $101.6 million in the second quarter of 2026 as compared to $96.7 million in the first quarter of 2026 and $80.9 million in the second quarter of 2025. Gross margin before D&A for Water Infrastructure was 58.3% in the second quarter of 2026 as compared to 56.2% in the first quarter of 2026 and 55.2% in the second quarter of 2025.
The Water Infrastructure segment achieved record quarterly revenue of $101.6 million, up 5% sequentially from Q1 2026 and up 26% year-over-year from Q2 2025. Gross margin before depreciation and amortization improved to 58.3%, driven by increased produced water volumes (approximately 1.5 million barrels per day recycled or disposed) and higher skim oil volumes and pricing. Management expects Q3 2026 revenue to increase 5%–10% with margins in the 56%–58% range.
Added in current filing · view on EDGAR →
The Chemical Technologies segment generated revenues of $96.0 million in the second quarter of 2026 as compared to $78.0 million in the first quarter of 2026 and $67.7 million in the second quarter of 2025. Gross margin before D&A for Chemical Technologies was 20.2% in the second quarter of 2026 as compared to 19.1% in the first quarter of 2026 and 17.5% in the second quarter of 2025.
The Chemical Technologies segment posted record revenue of $96.0 million, up 23% sequentially from Q1 2026 and up 42% year-over-year from Q2 2025. Gross margin before depreciation and amortization improved to 20.2% despite increases in oil-based raw material input costs. The growth was driven by market share gains, increased completions intensity and complexity, and growing demand for higher-margin surfactant technology products. Management expects Q3 2026 revenue of $85–$90 million with margins of 20%–21%.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 5, 2026 · How we verify