Select Energy Services ( (WTTR) ) has released its Q3 earnings. Here is a breakdown of the information Select Energy Services presented to its investors.
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Select Water Solutions, Inc. is a prominent provider of sustainable water and chemical solutions primarily serving the energy industry, with a focus on water infrastructure and recycling capabilities.
In the third quarter of 2025, Select Water Solutions reported revenues of $322 million and operating cash flow of $72 million, alongside strategic expansions in water infrastructure projects in the Permian Basin. The company also highlighted significant growth in its Chemical Technologies segment, with a 13% increase in revenue and a 34% rise in gross profit compared to the previous quarter.
Key financial metrics for the quarter included a net income of $2.3 million, down from $11.7 million in the previous quarter, primarily due to divestments and strategic acquisitions. The Water Infrastructure segment saw a slight revenue decline due to lower skim oil sales, but the Chemical Technologies segment outperformed expectations with strong market share gains. Additionally, the company secured several long-term contracts, expanding its water recycling and disposal capacity.
Looking forward, Select Water Solutions anticipates a 10% growth in its Water Infrastructure segment in the fourth quarter of 2025 and expects over 20% growth in 2026. The company remains committed to expanding its infrastructure and maintaining a conservative financial strategy to support long-term growth and shareholder value.
Overall, Select Water Solutions is poised for continued growth, driven by strategic infrastructure expansions and a robust chemicals segment, setting the stage for improved performance in the upcoming quarters.