Select Energy Services (WTTR)
NYSE:WTTR
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Earnings Data
Report Date
Aug 04, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.14Last Year’s EPS
0.1Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum: record Water Infrastructure revenue and margins, significant sequential and year-over-year growth, raised guidance for the infrastructure segment, improved liquidity after an equity raise, and commercialization wins and acquisitions that expand the network. Near-term challenges include a temporary operating cash flow drag from higher receivables, increased 2026 CapEx, a modest expected Q2 revenue dip in Water Services (driven by nonrecurring spot sales), and macro/geopolitical uncertainty that could affect demand or costs. On balance, the positives—record margins, raised guidance, strong adjusted EBITDA, and strategic contract and asset additions—substantially outweigh the near-term headwinds.Company Guidance
Record Water Infrastructure Performance
Water Infrastructure delivered record quarterly revenue of approximately $97M, managed ~1.4 million barrels/day, posted 56% gross margins before D&A, grew revenue 19% sequentially vs Q4'25 and more than 33% year-over-year vs Q1'25.
Consolidated Financial Improvement
Consolidated results improved sequentially: revenue increased by $19.5M, adjusted EBITDA rose by $13.5M, and net income increased by $11.5M vs Q4'25; adjusted EBITDA for Q1 was $77.6M and consolidated gross margins before D&A topped 30% for the first time. SG&A decreased >6% to $40.6M (~11% of revenue).
Raised Full-Year Guidance for Infrastructure
Management increased Water Infrastructure full-year guidance to 25%–30% year-over-year growth for 2026, up from the prior 20%–25% range, reflecting strong early execution and backlog.
Commercial Wins and Network Expansion
Since quarter-end and during Q1 the company added multiple commercial agreements (3 MVCs, 2 acreage dedications, 2 ROFR dedications and 8 interruptible agreements across Permian, Northeast, Bakken and MidCon) and closed acquisitions in Northern Delaware adding ~4,000 acres, ~30,000 bpd disposal capacity, ~1,800 acre-feet water rights and ~500,000 barrels storage.
Improved Liquidity and Balance Sheet Actions
Completed an equity offering that enabled repayment of the revolver; ended the quarter with $196M net debt outstanding and more than $300M of total available liquidity. Net interest expense has decreased, with near-term interest expected in the $4M–$6M per quarter range.
Positive Momentum in Water Services and Chemical Technologies
Water Services revenue rose ~7% sequentially with gross margins before D&A increasing to 21.8% (from 19.6%). Chemical Technologies reported Q1 revenue (~$78M) and 19% gross margin in line with guidance and expects strong sequential Q2 growth of 10%–15% with margins moving into the 20%–21% range.
Operational Investment Supporting Growth
Q1 capital spending was $78M focused on infrastructure projects with updated 2026 net CapEx guidance of $200M–$250M (up from $175M–$225M) and an expected $50M–$60M of maintenance CapEx to support near-term project completions and future free cash flow generation.
WTTR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
WTTR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $17.25 | $17.45 | +1.16% |
Feb 17, 2026 | $13.21 | $14.35 | +8.67% |
Nov 04, 2025 | $11.49 | $11.30 | -1.71% |
Aug 05, 2025 | $8.99 | $8.49 | -5.58% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Select Energy Services (WTTR) report earnings?
Select Energy Services (WTTR) is schdueled to report earning on Aug 04, 2026, After Close (Confirmed).
What is Select Energy Services (WTTR) earnings time?
Select Energy Services (WTTR) earnings time is at Aug 04, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WTTR EPS forecast?
WTTR EPS forecast for the fiscal quarter 2026 (Q2) is 0.14.