Select Water Solutions Past Earnings Performance

Past criteria checks 1/6

Select Water Solutions has been growing earnings at an average annual rate of 31.4%, while the Energy Services industry saw earnings growing at 41.3% annually. Revenues have been growing at an average rate of 10.9% per year. Select Water Solutions's return on equity is 2.8%, and it has net margins of 2.2%.

Key information

31.40%

Earnings growth rate

32.83%

EPS growth rate

Energy Services Industry Growth	23.29%
Revenue growth rate	10.94%
Return on equity	2.83%
Net Margin	2.24%
Last Earnings Update	30 Jun 2026

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Select Water Solutions makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:18RA Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 26	1,431	32	166
31 Mar 26	1,399	22	162
31 Dec 25	1,407	21	158
30 Sep 25	1,410	20	154
30 Jun 25	1,459	33	154
31 Mar 25	1,460	35	153
31 Dec 24	1,452	31	155
30 Sep 24	1,478	60	163
30 Jun 24	1,496	58	161
31 Mar 24	1,535	66	154
31 Dec 23	1,585	74	154
30 Sep 23	1,592	54	125
30 Jun 23	1,578	61	121
31 Mar 23	1,509	54	118
31 Dec 22	1,387	48	112
30 Sep 22	1,261	50	106
30 Jun 22	1,090	17	98
31 Mar 22	916	-12	87
31 Dec 21	765	-42	75
30 Sep 21	643	-70	70
30 Jun 21	539	-88	64
31 Mar 21	471	-116	63
31 Dec 20	605	-339	71
30 Sep 20	748	-331	80
30 Jun 20	976	-295	92
31 Mar 20	1,207	-244	105
31 Dec 19	1,292	3	110
30 Sep 19	1,378	-1	102
30 Jun 19	1,446	17	100
31 Mar 19	1,515	28	99
31 Dec 18	1,529	37	102
30 Sep 18	1,471	40	97
30 Jun 18	1,228	19	88
31 Mar 18	969	-3	72
31 Dec 17	692	-17	56
30 Sep 17	475	-8	44
30 Jun 17	395	-9	37
31 Mar 17	323	45	35
31 Dec 16	302	-1	35
30 Sep 16	314	-27	40
31 Dec 15	536	0	57

Quality Earnings: 18RA has a large one-off gain of $7.4M impacting its last 12 months of financial results to 30th June, 2026.

Growing Profit Margin: 18RA's current net profit margins (2.2%) are lower than last year (2.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 18RA has become profitable over the past 5 years, growing earnings by 31.4% per year.

Accelerating Growth: 18RA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 18RA had negative earnings growth (-3.2%) over the past year, making it difficult to compare to the Energy Services industry average (32%).

Return on Equity

High ROE: 18RA's Return on Equity (2.8%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/21 03:49
End of Day Share Price	2026/09/21 00:00
Earnings	2026/06/30
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Select Water Solutions, Inc. is covered by 12 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
James Larkin	BofA Global Research
Thomas Curran	B. Riley Securities, Inc.
Scott Gruber	Citigroup Inc

Select Water Solutions Past Earnings Performance

Past criteria checks 1/6

Key information

Recent past performance updates

Second quarter 2026 earnings released: EPS: US$0.17 (vs US$0.10 in 2Q 2025)

Select Water Solutions, Inc. to Report Q2, 2026 Results on Aug 04, 2026

Select Water Solutions, Inc. to Report Q1, 2026 Results on May 05, 2026

Select Water Solutions, Inc. to Report Q4, 2025 Results on Feb 17, 2026

Select Water Solutions, Inc. to Report Q3, 2025 Results on Nov 04, 2025

Select Water Solutions, Inc. to Report Q2, 2025 Results on Aug 05, 2025

Recent updates

Now 22% undervalued

Second quarter 2026 earnings released: EPS: US$0.17 (vs US$0.10 in 2Q 2025)

Now 22% undervalued

First quarter dividend of US$0.07 announced

Select Water Solutions Announces Quarterly Cash Dividend on Class A Common Stock, Payable on August 19, 2026

Select Water Solutions, Inc. to Report Q2, 2026 Results on Aug 04, 2026

Now 23% undervalued

Select Water Solutions, Inc.(NYSE:WTTR) dropped from Russell Microcap Value Benchmark Index

Now 22% undervalued

Select Water Solutions, Inc. Announces Redesignation of Michael C. Skarke from Executive Vice President and Chief Operating Officer to Executive Vice President and Chief Commercial Officer, Effective June 1, 2026

Now 21% undervalued

Executive VP & COO recently sold €1.6m worth of stock

Select Water Solutions, Inc. to Report Q1, 2026 Results on May 05, 2026

Select Water Solutions Announces Quarterly Cash Dividend, Payable on May 13, 2026

Select Water Solutions, Inc., Annual General Meeting, May 07, 2026

Select Water Solutions, Inc. has completed a Follow-on Equity Offering in the amount of $175.00001 million.

Select Water Solutions, Inc. to Report Q4, 2025 Results on Feb 17, 2026

Select Water Solutions Announces Quarterly Cash Dividend, Payable on February 18, 2026

Select Water Solutions, Inc. Announces Quarterly Cash Dividend, Payable on November 17, 2025

Select Water Solutions, Inc. to Report Q3, 2025 Results on Nov 04, 2025

Select Water Solutions, Inc. Announces Quarterly Cash Dividend, Payable on August 15, 2025

Select Water Solutions, Inc. to Report Q2, 2025 Results on Aug 05, 2025

Select Water Solutions, Inc.(NYSE:WTTR) dropped from Russell 2000 Value-Defensive Index

Select Water Solutions Announces Quarterly Cash Dividend on Class A Common Stock, Payable on May 16, 2025

Select Water Solutions, Inc. to Report Q1, 2025 Results on May 06, 2025

Select Water Solutions, Inc., Annual General Meeting, May 02, 2025

Select Water Solutions, Inc. to Report Q4, 2024 Results on Feb 18, 2025

Select Water Solutions, Inc. Announces Board Changes

Select Water Solutions, Inc. Announces Quarterly Cash Dividend, Payable on February 14, 2025

Investor sentiment improves as stock rises 30%

New minor risk - Share price stability

Third quarter 2024 earnings released: EPS: US$0.16 (vs US$0.14 in 3Q 2023)

Second quarter dividend of US$0.07 announced

Select Water Solutions Increases Quarterly Cash Dividend 17%, Payable November 15, 2024

Select Water Solutions, Inc. to Report Q3, 2024 Results on Nov 05, 2024

Now 21% overvalued after recent price rise

Now 22% overvalued after recent price rise

Second quarter 2024 earnings released: EPS: US$0.13 (vs US$0.20 in 2Q 2023)

Select Water Solutions, Inc. (NYSE:WTTR) acquired Disposal assets and operations in the Northeast for $9 million.

First quarter dividend of US$0.06 announced

Select Water Solutions, Inc. to Report Q2, 2024 Results on Jul 30, 2024

First quarter 2024 earnings released: EPS: US$0.04 (vs US$0.12 in 1Q 2023)

Select Water Solutions, Inc. (NYSE:WTTR) acquired Trinity Environmental Services, L.L.C. for $29.4 million.

Fourth quarter dividend of US$0.06 announced

Select Water Solutions, Inc. Announces Quarterly Cash Dividend, to Be Paid on May 15, 2024

Select Water Solutions, Inc. to Report Q1, 2024 Results on Apr 30, 2024

Select Water Solutions, Inc., Annual General Meeting, May 08, 2024

Select Water Solutions, Inc. Announces Chief Financial Officer Changes

Select Water Solutions, Inc. Announces Executive Changes

Senior VP of Corporate Development recently sold €183k worth of stock

Full year 2023 earnings released: EPS: US$0.73 (vs US$0.51 in FY 2022)

Third quarter dividend of US$0.06 announced

Select Water Solutions, Inc. (NYSE:WTTR) acquired SWD Assets of Iron Mountain Energy LLC.

Select Water Solutions, Inc. to Report Q4, 2023 Results on Feb 20, 2024

Third quarter 2023 earnings released: EPS: US$0.14 (vs US$0.23 in 3Q 2022)

Select Water Solutions, Inc. Announces 20% Increase to Quarterly Cash Dividend, Payable on November 17, 2023

Select Water Solutions, Inc. to Report Q3, 2023 Results on Oct 31, 2023

New minor risk - Earnings quality

Second quarter 2023 earnings released: EPS: US$0.20 (vs US$0.13 in 2Q 2022)

Select Water Solutions, Inc. to Report Q2, 2023 Results on Aug 02, 2023

First quarter 2023 earnings released: EPS: US$0.12 (vs US$0.074 in 1Q 2022)

Investor sentiment improves as stock rises 15%

Investor sentiment deteriorates as stock falls 17%

CFO & Senior VP recently sold €87k worth of stock

Full year 2022 earnings released: EPS: US$0.51 (vs US$0.48 loss in FY 2021)

Select Energy Services, Inc. to Report Q4, 2022 Results on Feb 21, 2023

Select Energy Services, Inc. Announces Quarterly Cash Dividend, Payable on February 17, 2023

Select Energy Services, Inc. Announces Board Changes

Third quarter 2022 earnings released: EPS: US$0.23 (vs US$0.14 loss in 3Q 2021)