Select Water Solutions delivered a strong third quarter 2026, with consolidated revenue growing 28% year-over-year to $412.2 million. Performance was led by the Water Infrastructure segment, which achieved record revenue and handled produced water volumes of 1.7 million barrels per day. While diluted EPS of $0.16 was slightly below the $0.17 estimate, the company significantly advanced its strategic pivot toward an infrastructure-led model through the divestment of a majority interest in Peak Rentals and the subsequent closing of the Pilot Water Solutions acquisition.
Key Highlights
- Water Infrastructure revenue hit a record $110.1 million, up 40% year-over-year, supported by a 30% increase in handled produced water volumes.
- Consolidated revenue of $412.2 million exceeded analyst estimates of $390.54 million, driven by organic growth in the Permian Basin and strong Chemical Technologies activity.
- Subsequent to quarter end, Select closed the $700 million acquisition of Pilot Water Solutions and issued $900 million in senior notes to fund the transaction and double its liquidity capacity.