Select Water Solutions sees Q2 adjusted EBITDA $68M-$72M

John Schmitz, Chairman of the Board, President and CEO, stated, “While we do expect that recent tariff and trade actions and the resulting commodity and supply chain dislocations will have some impacts on the oil and gas industry, including potential activity reductions during the second half of the year, near-term we believe the direct impact on Select will be limited and we expect continued growth in our consolidated Adjusted EBITDA in the Q2 to an estimated $68M-$72M. The sequential growth is expected to come primarily from our Water Infrastructure segment, which should see a sharp increase in the Q2 consistent with prior guidance and indications. While the fluctuating macroeconomic outlook weighs on the market overall, we still expect a continued growth trajectory for Water Infrastructure over the second half of the year, though likely tracking towards the lower end of our previously guided range for both revenue and gross profit growth year-over-year during 2025, as we contemplate the potential impacts on near-term industry activity levels from a lower commodity price environment. Importantly, though, with our latest long-term contract awards, we are adding new capital projects that should continue to provide a further level of growth for the segment into 2026 and beyond – a testament to our Water Infrastructure strategy overall and the strength of its future earnings potential.”