Select Water Solutions, Inc. Class A (WTTR)

In the past six months, Select Water Solutions announced its third and fourth-quarter 2025 financial results, reporting a record year in 2025. A definitive agreement was made with LibertyStream Infrastructure Partners to build commercial lithium carbonate production units in Texas, with the first facility slated for commissioning by December 2026. LibertyStream Infrastructure Partners launched its Direct Lithium Extraction Unit and Lithium Carbonate Refining Facility in Howard County, Texas, and secured a pre-sale agreement for its first tonne of lithium carbonate. The company also announced public offerings of common stock. Insider selling activity was noted in April 2026. Over the past 52 weeks, WTTR's stock has traded between $7.20 and $16.00, with a 50.10% increase in share price from March 28, 2025, to March 27, 2026.

Demand for Select Water Solutions' products and services exhibits some seasonality, particularly within its Water Services segment, which typically experiences lower activity levels and seasonal declines, especially in the fourth quarter. The Water Infrastructure and Chemical Technologies segments are anticipated to show more consistent or growing performance, often offsetting the seasonal declines in Water Services. The company expects relatively steady quarterly revenue in the Water Services segment throughout 2026.

Select Water Solutions, Inc. operates in the Energy sector, providing water management solutions for North American unconventional oil and gas operations. The company's offerings are categorized into Water Services, Water Infrastructure, and Chemical Technologies. The Water Services segment provides short-cycle, field-based services. The Water Infrastructure segment is involved in long-term projects. The Chemical Technologies segment develops, manufactures, and supplies completion and specialty chemicals.

Select Water Solutions is headquartered in Gainesville, Texas, and serves customers across every major unconventional basin throughout the United States, including the Permian, Eagle Ford, Marcellus, and DJ Basins. The company also maintains strategic operations in select international regions and has domestic office locations in states such as Texas, Colorado, Oklahoma, Pennsylvania, Louisiana, New Mexico, North Dakota, Ohio, West Virginia, and Wyoming.

Select Water Solutions emphasizes its commitment to sustainable water management and environmental responsibility. The company rebranded in May 2023 to underscore its "water-first" approach. They aim to optimize water use and reduce environmental impact through their services. Select Water Solutions released its 2023 Sustainability Report, highlighting its efforts in conservation and reuse. The company's focus on sustainable solutions positions it favorably amidst increasing ESG demands.

The ownership structure of Select Water Solutions is predominantly held by institutional investors, accounting for approximately 81.73% to 93.61% of the company's stock. Major institutional owners include BlackRock, Inc., Franklin Resources Inc., Dimensional Fund Advisors LP, The Vanguard Group Inc., Crestview Partners II GP, L.P., American Century Companies Inc., DePrince Race & Zollo Inc., Victory Capital Management Inc., State Street Corp, and Webs Creek Capital Management LP. Key individual and insider shareholders include Crestview Partners II GP LP, SES Legacy Holdings LLC, L. E. Simmons, SCF GP LLC, John Schmitz, and SCF Partners Inc.