Select Water Solutions Boosts Infrastructure Play with Q1 Growth and Strategic Acquisitions
Event summary
- Select Water Solutions reported Q1 2026 revenue of $366M, up 6% sequentially, with net income increasing by $11M and adjusted EBITDA growing by $13M compared to Q4 2025.
- Water Infrastructure segment revenue hit a record $97M, a 19% sequential increase, driven by higher recycling and disposal volumes.
- The company closed $28.6M in acquisitions in early May 2026, adding surface acreage, disposal capacity, water rights, and storage infrastructure in the Northern Delaware Basin.
- Select signed multiple long-term contracts in the Permian, Bakken, MidCon, and Northeast regions, including three new minimum volume commitments (MVCs) and two right-of-first-refusal (ROFR) dedications.
The big picture
Select Water Solutions is doubling down on its infrastructure-focused strategy, leveraging strategic acquisitions and long-term contracts to solidify its position in key energy basins. The company's ability to capitalize on rising commodity prices and sustain operational efficiency will be critical as it navigates a competitive landscape and regulatory environment. With a focus on sustainable water management, Select aims to align its growth with broader industry trends toward environmental responsibility.
What we're watching
- Infrastructure Expansion
- The pace at which Select integrates its recent acquisitions and brings new projects online will determine its ability to sustain growth in the Water Infrastructure segment.
- Commodity Price Sensitivity
- Whether the current commodity price environment will drive further activity uplift in the Water Services segment, impacting revenue and margins.
- Capital Allocation
- How Select balances its increased capital expenditures of $200–$250M with its financial flexibility and liquidity to support future growth initiatives.
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