Select Water Solutions (WTTR)
Manages oilfield water through pipelines, recycling, disposal, field services, and chemistry.
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Provides water infrastructure, field logistics, and specialty chemicals to U.S. oil and gas operators. Revenue comes from operating pipelines, recycling and disposal assets, performing wellsite services, and selling chemicals, with more infrastructure revenue tied to long-term agreements while most service and chemical contracts remain short term.
Provides oilfield water management and chemicals across major U.S. shale basins through Water Infrastructure, Water Services, and Chemical Technologies. Water Infrastructure operates pipelines, recycling facilities, saltwater disposal wells, storage, and solids-management assets. Water Services handles sourcing, transfer, containment, monitoring, automation, rentals, and well-testing support. Chemical Technologies develops and manufactures completion and produced-water treatment chemicals.
Combines fixed networks with field logistics and in-basin chemical manufacturing so customers can gather, treat, reuse, and dispose of produced water. Infrastructure contracts increasingly include long-term volume or acreage commitments, while most service and chemical contracts remain short term.
Operations are concentrated in U.S. onshore oil and gas, with the Permian Basin a core infrastructure focus. Demand depends on drilling and completion activity, customer capital allocation, commodity-price conditions, and rules governing water sourcing, recycling, underground injection, seismicity, and waste disposal.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 21, 2026 | Cowen & Co. | Downgrade | Rating: — | |
| Aug 6, 2026 | Raymond James | Downgrade | Target: $24 | Target: $26 |
| May 18, 2026 | Piper Sandler | Reiterate | Rating: —Target: $14 | Target: $21 |
| May 7, 2026 | Raymond James | Target | Target: $16 | Target: $24 |
| May 7, 2026 | Northland Securities | Target | Target: $18 | Target: $21 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $33.4M · Total debt $291.3M · Total assets $1.79B · Shareholders' equity $1.05B
- Revenue
- $395.8M
- Operating income
- $34.3M
- Net income
- $21.0M
HistoryDividendAnnual yield
| Institutions | ≈ 87.84% | 121.64M shares | |
|---|---|---|---|
| 271 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 2.15% | 2.97M shares | |
| 14 holders · as of Aug 18, 2026 | |||
| Other | ≈ 10.01% | 13.87M shares | |
| remainder | |||
138.48M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (138.48M in the company's Sep 22, 2026 report, 109.62M elsewhere); stakes use the report.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.44% | 11.69M A | as of Jun 30, 2026 |
Franklin Resources IncInstitution | 8.09% | 11.21M A | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 4.71% | 6.52M A | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 3.76% | 5.21M A | as of Jun 30, 2026 |
American Century Companies IncInstitution | 3.01% | 4.17M A | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 19, 2026 | Crestview Partners II GP, L.P. | 10 percent owner | −3,250,000 | $18.92 |
| May 15, 2026 | Richard Alan Burnett | director | −45,316 | $18.74 |
| May 14, 2026 | Richard Alan Burnett | director | −19,684 | $18.73 |
| May 11, 2026 | Brian Szymanski | officer: Chief Accounting Officer | −20,000 | $17.04 |
| May 12, 2026 | Michael Skarke | officer: EVP & COO | −20,000 | $17.78 |
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- TETRA Technologies
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- Halliburton
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- SLB
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- LandBridge
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- Innospec
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- Liberty Energy
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Select Water Solutions | $20.21 | −1.92% | $2.26B | 76.6 | 29.6 | 1.6 | +8.7% |
| Western Midstream Partners | $46.03 | −1.18% | $19.25B | 14.6 | 11.9 | 4.4 | +30.0% |
| NGL Energy Partners | $16.06 | −1.35% | $2.03B | — | 12.7 | 0.6 | +59.1% |
| TETRA Technologies | $6.03 | −1.07% | $890.4M | 118.5 | 22.0 | 1.4 | +6.8% |
| Halliburton | $32.91 | −1.45% | $27.89B | 17.5 | 13.0 | 1.2 | +3.7% |
| SLB | $52.11 | +0.67% | $76.82B | 25.2 | 18.4 | 2.1 | +5.0% |
| LandBridge | $86.53 | −1.17% | $6.74B | — | 38.7 | — | +40.5% |
| Innospec | $95.68 | +3.37% | $2.28B | 18.9 | 16.7 | 1.2 | +11.8% |
| Liberty Energy | $18.05 | −4.24% | $3.08B | 25.4 | 365.4 | 0.7 | +14.0% |
| Median | 22.1 | 17.5 | 1.2 | +12.9% |