Select Water Solutions Inc (WTTR) News & EventsWTTRNews & EventsSelect Water Solutions Inc

Select Reports Q2 Revenue of $396M, Beating Estimates

Reports Q2 revenue $396M, consensus $373.02M. John Schmitz, Chairman of the Board, President and CEO, stated, "The second quarter was a very strong quarter for Select across all three operating segments, with both our Water Infrastructure and Chemical Technologies segments producing record revenue and gross profit in the quarter. During the second quarter of 2026, we delivered strong consolidated revenue and gross profit growth, resulting in $23 million of net income and $93 million of Adjusted EBITDA, respectively.

Select Water and ISE Chemicals Sign Iodine Extraction Agreement

Select Water Solutions announced that subsidiaries of Select and ISE Chemicals have entered into a definitive agreement providing for the development of commercial-scale iodine extraction and refining facilities utilizing produced water sourced through Select's Water Infrastructure network across Texas, New Mexico and Oklahoma. Under the agreement, ISE Chemicals would fund, design, construct, own, and operate iodine extraction and refining facilities, while Select would provide produced water sourcing, transportation, storage, pretreatment, recycling, and infrastructure support through its existing Water Infrastructure platform, for which Select will receive a royalty payment. The formal collaboration is intended to establish a new U.S. domestic source of iodine while creating an additional value stream from produced water managed across Select's comprehensive network. The initial commercial facility is expected to be commissioned in 2027 and will be located within Select's core Permian Basin footprint. The facility represents the first phase of a broader development program designed to evaluate scalable expansion opportunities across Select's extensive produced water infrastructure network, with about 3,000 tonnes per year of iodine production targeted by the end of 2030.

LibertyStream Delivers First Tonne of Lithium Carbonate to U.S. Customer

LibertyStream Infrastructure Partners (VLTLF) has delivered its first tonne of lithium carbonate to a U.S. industrial customer from the Company's DLE Unit and Lithium Carbonate Refining Facility at Select Water Solutions' (WTTR) site in Howard County, Texas, north of Midland. Lithium carbonate product prepared for shipment from LibertyStream's Lithium Carbonate Operating Facility at Select Water Solutions' Howard County, Texas site. The delivery fulfills LibertyStream's previously announced first U.S. order and marks the Company's first delivery from the Select site. The lithium carbonate was produced to the customer's required technical specifications and delivered as part of LibertyStream's broader customer qualification and commercial sales process. With this delivery, LibertyStream has moved its Texas operations from site deployment and on-site production into customer delivery - an important step in derisking the Company's plan to replicate its lithium extraction and refining model across high-volume U.S. oilfield basins, including the Permian and Bakken. Lithium carbonate product prepared for shipment from LibertyStream's Lithium Carbonate Operating Facility at Select Water Solutions' Howard County, Texas site. The delivery fulfills LibertyStream's previously announced first U.S. order and marks the Company's first delivery from the Select site. The lithium carbonate was produced to the customer's required technical specifications and delivered as part of LibertyStream's broader customer qualification and commercial sales process. With this delivery, LibertyStream has moved its Texas operations from site deployment and on-site production into customer delivery - an important step in derisking the Company's plan to replicate its lithium extraction and refining model across high-volume U.S. oilfield basins, including the Permian and Bakken.