Select Water Solutions, Inc. (WTTR): Entry into a Material Definitive Agreement
Select Water Solutions, Inc. (WTTR) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. Exhibit 99.1 Contacts: NEWS RELEASE Select Water Solutions Garrett Williams – VP, Corporate Finance & Investor Relations (713) 296-1010 IR@selectwater.com FOR IMMEDIATE RELEASE Dennard Lascar Investor Relations Ken Dennard / Natalie Hairston (713) 529-6600 WTTR@dennardlascar.com
How this was made
The 30-second read
Why it matters
The acquisition is expected to increase pro‑forma profitability, improve leverage, and provide long‑term contracted cash flow.
Market read
The deal is material for the water infrastructure niche and could influence related energy‑service equities.
What to watch
Potential regulatory scrutiny of water‑rights and the $15 M earn‑out contingent on performance.
Background
Select Water Solutions (WTTR) is a NYSE‑listed water midstream operator expanding its footprint in the Delaware Basin.
Ticker impact
Select Water announced a definitive agreement to acquire Pilot Water Solutions for $700 million in cash and stock.
stock may rise on deal accretion and balance‑sheet strength
Deal size is material, adds high‑margin water infrastructure, and improves leverage; investors typically reward such strategic M&A.
Market effects
strengthens water midstream sector and may boost related infrastructure stocks
adds capacity in the Delaware Basin, supporting regional oil‑and‑gas operators
limited to energy‑service and water‑management markets
Counterpoint
Deal execution risk and integration challenges could pressure the stock if closing delays occur.
Key entities
- companySelect Water Solutions, Inc.
Acquirer, NYSE‑listed water midstream firm
- companyPilot Water Solutions LLC
Target, private water midstream operator
