Feed / WTTR

Select Water Solutions, Inc.

WTTR

Energy · 20.28 +2.5% today

Isolated · not yet confirmedMarket checked 2 Oct, 13:10 GMT-4

Market read

No connected market move is active around Select Water Solutions, Inc..

No new filing conclusion is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Company+2.5% todayVolume comparison unavailable
Market groupNo active group readNo durable group available
Disclosed network0 of 2 confirmingNo filing-linked name is confirming now
What would change this read
  • WTTR's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if WTTR's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Energy · Oil & Gas Equipment & Services

No new filing conclusion is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • WTTR's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Oct 2, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations334
Usable filing statements134
Verified relationships2
Evidence supporting the case
  • Operating cash flow covered net income at 10.12x in the latest annual period.
  • Capital investment and capacity has repeated favorable evidence across 4 filings.
  • Demand and volume has repeated favorable evidence across 4 filings.
  • Energy and commodity prices has repeated favorable evidence across 4 filings.
  • Product pipeline and R&D has repeated favorable evidence across 4 filings.
Evidence challenging the case
  • Latest annual revenue changed -3.1% year over year.
  • Operating margin changed -1.7 percentage points in the latest annual period.
  • Credit and interest rates has repeated adverse evidence across 4 filings.
  • Input and raw-material costs has repeated adverse evidence across 4 filings.
  • Macroeconomic conditions has repeated adverse evidence across 4 filings.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Oct 1, 2026

20.05
6m+39.1%12m+100.3%24m—
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$764.6M+26.4%——
2022-12-31$1.4B+81.5%——
2023-12-31$1.6B+14.3%——
2024-12-31$1.5B-8.4%——
2025-12-31$1.4B-3.1%——

What management says matters

Persistent and emerging business drivers

Capital investment and capacitypositive · 4 filings
“Depreciation, amortization and accretion expense increased $7.1 million, or 18.3%, to $45.7 million for the Current Quarter compared to $38.7 million for the Prior Quarter primarily due to increased capital expenditures made into new organic infrastructure pr…”
10-Q · May 6, 2026 ↗
Credit and interest ratesmixed · 4 filings
“The $40.3 million decrease in net cash provided by financing activities was due primarily to a $235.0 million decrease in borrowings net of repayments, a $2.9 million decrease in cash received from noncontrolling interest holders and a $1.3 million increase i…”
10-Q · May 6, 2026 ↗
Demand and volumemixed · 4 filings
“Due to the high quality of our dedicated acreage positions, we typically see strong and consistent activity levels and maintain a backlog of high-confidence well inventory.”
10-Q · May 6, 2026 ↗
Energy and commodity pricesmixed · 4 filings
“The average price of West Texas Intermediate (“WTI”) crude oil increased in the Current Quarter versus the Prior Quarter due to a combination of factors, including the conflict in Iran and related hostilities across the Middle East, including the cessation or…”
10-Q · May 6, 2026 ↗

Valuation discipline

Descriptive valuation snapshot

Price/sales — · EV/sales —. Comparisons use only industry-matched filing peers.

Scenario scaffold

No usable price/earnings or price/sales multiple (need a fresh price).

Price action

How the market is pricing the story

20.28+2.5% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 2 Oct, 13:10 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for WTTR. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for WTTR. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind WTTR

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

FFord Motor CompanypartnerFeb 18, 2026 ▾

“We continue to operate our more integrated and higher-margin fluids hauling businesses in the Permian, Rockies, and Eagle Ford regions, where these services are closely aligned with our operational infrastructure.”

Depended on by

WCNWaste Connections, Inc.competitorFeb 12, 2026 ▾

“We also compete in certain markets with publicly held and privately owned companies such as Waste Management, Inc., Republic Services, Inc., Clean Harbors, Inc., Secure Waste Infrastructure Corp., Select Water Solutions, Inc., Ecoserv, LLC, Oilfield Water Log…”

Filing peers

NGLLBPUMP

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

WTTR is currently a Early Follower in the organic co-movement group Unknown Theme. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for WTTR; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.