7/108 sources · 6 publishersUpdated Nov 10, 05:14 UTC
Select Water Solutions posts strong Q3 2026 results and completes Pilot Water acquisition
Select Water Solutions reported third‑quarter 2026 consolidated revenue of $412 million, net income of $23 million and Adjusted EBITDA of $93 million. The company sold a 55% stake in Peak Rentals and closed the acquisition of Pilot Water Solutions, expanding its water‑midstream platform. It also raised $900 million in senior unsecured notes and secured a new $500 million revolving credit facility.
Why it matters
The company projects Adjusted EBITDA of $95‑$100 million for Q4 2026 and Water Infrastructure revenue of $150‑$160 million for Q4. The financing transactions increase liquidity and fund the integration of Pilot Water.
Key facts
- 1Consolidated revenue for Q3 2026 was $412 million, up 28% YoY. prnewswire.com
- 2Net income for Q3 2026 was $23 million, an increase of $21 million YoY. prnewswire.com
- 3Adjusted EBITDA for Q3 2026 was $93 million, up 57% YoY. prnewswire.com
- 4Water Infrastructure segment revenue reached a record $110 million, up 40% YoY. prnewswire.com
- 5Produced water volumes handled in Q3 2026 were 1.7 million barrels per day, more than 30% higher YoY. prnewswire.com
- 6Select sold a 55% majority interest in Peak Rentals for $77 million. finance.yahoo.com
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.