)

Select Water Solutions (WTTR) investor relations material
Select Water Solutions 16th Annual Midwest Ideas Conference summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Strategic direction and business model
Transitioning from a service-based to a high-margin, contracted infrastructure business, now representing 50% of gross profit and expected to reach 60–70% as new projects mature within 12–24 months.
Focused on oil and gas water infrastructure, leveraging disruptive fixed recycling facilities integrated into gathering and disposal networks, with rapid expansion since 2018.
Over 90% of growth capex since 2022 allocated to Water Infrastructure, supporting contracted projects for energy, municipal, and industrial sectors.
Expanding into municipal and industrial water markets, leveraging expertise to source, store, and lease water on long-term contracts, with municipal contracts expected to be 30–50 years in length.
More than 20 strategic M&A transactions since 2021, focusing on infrastructure and divesting over $100 million in non-core assets since 2019.
Operational highlights and asset base
Infrastructure includes 3 million barrels/day recycling capacity, over 100 disposal wells, 1,000+ miles of pipeline, and 41+ million barrels of storage.
Dedicated and ROFR acreage exceeds 2.5 million acres, with nearly half signed in the last 12 months and rapid annual growth in contracted acreage.
Major expansions in the Northern Delaware, Haynesville, DJ Basin, and Rockies, including 185+ miles of large-diameter pipelines and $160 million in new capital projects.
Technology suite includes real-time monitoring, automation, and remote operations, enhancing efficiency and risk mitigation.
Service and chemical segments continue to generate high free cash flow, funding infrastructure buildout.
Financial performance and outlook
Q2 2025 revenue was $364 million, with Adjusted EBITDA of $72.6 million, up 13% quarter-over-quarter.
Infrastructure segment achieved 55.6% gross margin last quarter, with expectations for continued high free cash flow conversion as growth investments mature.
Capital is only deployed against secured contracts, ensuring disciplined investment and strong contract backlog.
Over $198 million returned to shareholders since 2018 through dividends and share repurchases.
Strong balance sheet with $224.5 million net debt and 0.8x net debt/TTM Adjusted EBITDA as of June 30, 2025.
Next Select Water Solutions earnings date

Next Select Water Solutions earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage