Select Water Solutions, Inc. (NYSE: WTTR)

Select Water Solutions, Inc. is a leading provider of sustainable water management solutions to the energy industry in the United States. The company focuses on managing water throughout the full life cycle of a well, from sourcing and transfer to treatment, recycling and disposal. Its operations span water infrastructure, water services and chemical technologies, delivering integrated solutions that help customers reduce costs, improve safety and lessen environmental impact.

Select Water Solutions, Inc. generates revenue primarily by charging fees for water infrastructure assets and services, selling specialty chemicals and providing water related field services. Revenue streams include long term contracts for pipelines, recycling facilities and disposal wells, fees for water transfer, sourcing, containment and hauling, and sales of friction reducers, crosslinkers and other completion chemicals. Additionally, the company earns income from rental equipment, power generation and water treatment services offered through its Peak Rentals and chemical divisions.

The company operates through the following segments: Water Infrastructure, Water Services and Chemical Technologies.

• Water Infrastructure: This segment develops, builds and operates permanent infrastructure solutions for full life cycle water management and waste treatment, including pipelines, fixed and mobile treatment and recycling facilities, water storage facilities, saltwater disposal wells and landfills. It provides recycling, gathering, transfer and disposal of water, with a network that as of December 31 2025 comprised 2.4 million barrels per day of fixed recycling capacity, 2.3 million barrels per day of permitted disposal capacity and 35 million barrels of produced water storage. The segment also offers Pipelines & Logistics, Fluid Disposal and Solids Management service lines to support customers across major U. S. basins.

• Water Services: This segment provides the complex services needed to support new well completions and ongoing production, including water transfer, water sourcing, water containment, fluids hauling, water monitoring and water network automation. It also encompasses the Peak Rentals business, which offers mobile power solutions, generator and battery storage, on site rental equipment, accommodation offerings and flowback and well testing services. Through its AquaView automation and proprietary software, the segment delivers real time visibility into water inventory and usage to help customers lower operating costs and improve safety.

• Chemical Technologies: This segment develops, manufactures, manages logistics and provides a full suite of chemicals used in hydraulic fracturing, stimulation, cementing and well completions, including friction reducers, crosslinkers, surfactants and other specialty chemistries. It also offers customized water treatment and flow assurance solutions and runs the FluidMatch testing and analysis service to help customers optimize fracture fluid design. The segment manufactures products in house to reduce lead times and ensure consistent quality for pressure pumpers and exploration and production companies.

Select Water Solutions, Inc. holds a leading position in the U. S. water management market for the energy industry, operating the largest network of centralized recycling facilities and maintaining market leading disposal capacity in the Haynesville and Northeast regions as well as a leading solids management role in the Bakken basin. The company differentiates itself through an integrated platform that combines water infrastructure, water services and chemical technologies, supported by long term contracts, extensive scale, proprietary automation technology and a strong focus on safety and environmental performance. While the sector features many small private providers and occasional in house efforts by exploration and production firms, Select’s breadth of assets and combined expertise give it a competitive edge in delivering full life cycle water solutions.

Select Water Solutions, Inc. serves major integrated and independent oil and gas producers operating throughout the United States, along with pressure pumping service companies that require chemicals and water related support for drilling and completion operations. Its customer base includes some of the largest exploration and production firms as well as regional operators that rely on the firm’s infrastructure, services and chemical products to manage water throughout the well life cycle.