)
Edge20 Feb 2026
Dollar General: The Rural Retailer Playbook
How Dollar General built a small-box empire across rural America, scaling value and convenience into one of retail's most durable business models.
Select Water Solutions
Select Water Solutions (WTTR) investor relations material
Select Water Solutions Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary18 Feb, 2026
Executive summary
Achieved record operational and financial performance in 2025, with $1.4 billion revenue, $21 million net income, and $260 million Adjusted EBITDA, alongside significant margin improvement and market share gains in chemical technology and water infrastructure.
Advanced diversification into municipal, industrial, and mineral extraction markets, including strategic partnerships for lithium extraction.
Surpassed one billion barrels of cumulative produced water recycled, marking a major operational milestone.
Secured multiple new long-term Water Infrastructure projects with 15 million barrels of minimum volume commitments and 180,000 acres of new dedications.
Ongoing build-out in Northern Delaware Basin, with new assets and contracts supporting 20%-25% segment growth outlook for 2026.
Financial highlights
Generated $1.4 billion in consolidated revenue and a record $260 million in Adjusted EBITDA for 2025.
Full year 2025 gross profit was $202.4 million, with a gross margin of 14.4%; Q4 2025 gross profit was $45.3 million, with a gross margin of 13.1%.
Q4 2025 Adjusted EBITDA was $64.2 million, exceeding guidance, with sequential revenue and gross profit gains across all segments.
Water Infrastructure segment Q4 gross profit before D&A rose 5% sequentially, with margins improving to 54%.
Chemical Technology segment saw 19% annual revenue growth and 45% gross profit growth before D&A; Q4 revenue hit $87 million, up 14% sequentially.
Outlook and guidance
Anticipates 20%-25% year-over-year growth in Water Infrastructure revenue and gross profit in 2026, maintaining strong margins.
Q1 2026 guidance: Water Infrastructure revenue and gross profit before D&A to grow 7%-10% sequentially; consolidated Adjusted EBITDA expected at $65-$68 million.
Chemical Technology segment expected to maintain 2025 revenue levels in 2026, with gross margins before D&A steady at 19%-20%.
Water Services revenue expected to remain steady in 2026, with gross margins before D&A of 19%-21%.
SG&A targeted to fall below 11% of revenue in 2026, with a 5%-10% year-over-year reduction.
What drives operator asset conveyance to Select?
Water Services' role as fixed infrastructure scales
How will 2026 CapEx drive 2027 growth?
Future infra growth beyond Northern Delaware?
Other high-margin mineral extraction opportunities?
Chemical Tech capacity for surfactant growth?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Select Water Solutions earnings date
Q1 20266 May, 2026
Select Water Solutions
Next Select Water Solutions earnings date
Q1 20266 May, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, 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.
)
Leroy DaleyApp Store
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.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
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.
Leroy DaleyApp Store
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.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
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.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
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.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Select Water Solutions Inc. provides water management solutions to the oil and gas industry. The company offers services including water sourcing, treatment, recycling, and disposal, as well as the delivery of related chemical products. Select Water Solutions supports hydraulic fracturing and production activities with environmentally focused and cost-effective water management strategies. The company is headquartered in Houston, Texas, and its shares are listed on the NYSE.
Quartr provides global coverage of all investor relation material from public companies.
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.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage