The financials
Select Water Solutions, Inc. by the numbers
Select Water Solutions, Inc. (WTTR) reported revenue of $396M in Q2 2026 (quarter ended June 30, 2026), up 8.7% from the same quarter a year earlier. That came with a gross margin of 19% and net income of $21M (5.3% of revenue). For the full year FY2025, revenue was $1.41B (−3.1% year on year) and net income $21M. Its largest region in 2026-Q1 was Permian Basin at $196M, 53% of the disclosed total, just ahead of Marcellus Utica at 11%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $396M | $364M | +8.7% |
| Gross profit | $77M | $58M | +33% |
| Operating income | $34M | $15M | +123% |
| Net income | $21M | $11M | +98% |
| Geographic | Revenue | Share |
|---|---|---|
| Permian Basin | $196M | 53% |
| Marcellus Utica | $42M | 11% |
| Rockies | $41M | 11% |
| Eagle Ford | $27M | 7.4% |
| Midcon | $27M | 7.4% |
| Haynesville E.Texas | $20M | 5.5% |
| Bakken | $15M | 4.0% |
Business Segments
Revenue split by geographic segment, from SEC XBRL filings.
Latest period: Q1 2026Total $366.0M (+14%)
Haynesville E.Texas grew +33% year on yearEagle Ford -36% year on year
Segment Latestquarter on quarteryear on year
- Permian Basin$196.0M$196.0MQoQ +14%year on year +9.0%+14%+9.0%
- Marcellus Utica$41.7M$41.7MQoQ +32%year on year -2.0%+32%-2.0%
- Rockies$41.0M$41.0MQoQ +7.9%year on year -17%+7.9%-17%
- Eagle Ford$27.2M$27.2MQoQ -4.8%year on year -36%-4.8%-36%
- Midcon$27.2M$27.2MQoQ +31%year on year +11%+31%+11%
- Haynesville E.Texas$20.3M$20.3MQoQ +53%year on year +33%+53%+33%
- Bakken$14.8M$14.8MQoQ -30%year on year -35%-30%-35%
- Eliminations And Other Geographical Regions−$2.4M−$2.4MQoQ -year on year ---
Oil & Gas Equipment & Services
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