Select Water Solutions Reports Record Q3 2026 Adjusted EBITDA Amid Significant Revenue Growth
Select Water Solutions (WTTR) delivered a strong third quarter for 2026, reporting consolidated revenue of $412.2 million, a 28% increase year-over-year. The company achieved a record quarterly Adjusted EBITDA of $93.5 million, representing a 57% surge compared to the previous year. Growth was primarily driven by a 30% year-over-year increase in produced water volumes, which reached 1.7 million barrels per day. The company is currently undergoing strategic shifts, including the acquisition of Pilot Water and the divestment of its Peak Rentals division for $76.8 million. While these moves expand disposal capacity and liquidity—supported by a new $900 million senior notes offering and an increased $500 million revolving credit facility—management cautioned that integration costs and seasonality may impact fourth-quarter gross margins, which are expected to fall between 52% and 56%.
Tickers: $WTTR
Topics: acquisition debt issuance EBITDA record net income increase revenue growth water infrastructure
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