Reading WTTR? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track WTTR free→Reading WTTR? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track WTTR free→NYSEEnergyOil & Gas Equipment & ServicesSnapshot 2026-06-15
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
Recent financial performance is neutral, while earnings quality is robust, cash backs up reported profits. Management's recent track record has been steady, and risk is moderate. The sector backdrop is a headwind, but compared with sector peers, WTTR is above typical. Peer multiples imply a price about 117% below where it trades (it looks expensive on this basis); the read is expensive, growth-justified, as it is rich on today's multiple, but the three-year horizon reads cheaper once expected earnings growth is included. If WTTR cuts guidance on the next call, that could be a meaningful negative. This read is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 3 valuation methods, at three horizons. Current price $18.48. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
We can't anchor a clean multiple for WTTR right now, so treat our $8.53 fair value as low-confidence. Analysts: $18–$24. Not investment advice.
$18.00 – $24.00 (median $21.00) · 4 analysts · as of 2026-05-18
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The market is pricing in roughly 117% near-term growth, well above our forecast of about -2%. This describes what's priced in, not a forecast of the move.
Flags: expensive valuation, a turbulent sector regime (Heating).
For similar setups historically (n=2,301): about 43% saw a 20%+ drawdown, and roughly 77% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Energy names rated neutral grew net income 53% of the time over the next year (vs 60% for the rest of the cohort, n=1255).
Over the trailing year it converted 10.65x of net income into operating cash flow. Historically, Energy names rated robust grew net income 58% of the time over the next year (vs 35% for the rest of the cohort, n=602).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, long-term interest rates, Fed net liquidity, real (inflation-adjusted) rates.
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $0.08 → $0.12 (+42.5% / 30d). 3 raised, 0 cut, 4 covering analysts.
0 upgrades, 0 downgrades / 30d, 2 maintained. 100% of analysts rate Buy.
1 PT revisions / 30d. Avg target 10.8% above current price.
0 positive, 0 negative / 30d.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$152.
How much price usually moves either way.
On a bad day, this stock has moved -$371.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $2,044.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-15
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: Earnings results will provide insights into the company's performance and sector trends. Strong results could boost confidence.
Confirms one read:Earnings per share (EPS) is higher than what analysts expected.
Confirms the other:EPS falls short of analyst expectations.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for WTTR yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Effective June 1, 2026, Michael C. Skarke transitioned from serving as the Executive Vice President and Chief Operating Officer of Select Water Solutions, Inc. (the “Company”) to serving as the Company’s Executive Vice President and Chief Commercial Officer, continuing to report to the Company’s Chief Executive Officer. In connection with his title…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
Not enough peers to compare yet.
Self-history needs ~20 months of data.
A side-by-side read on sector standing, valuation, and risk versus Oil & Gas Equipment & Services.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
WTTR Select Water Solutions, Inc. | Above typical Show detailsSector percentile: 99 of 100 | expensive | moderate |
SLB Schlumberger | Typical Show detailsSector percentile: 62 of 100 | fair | moderate |
BKR Baker Hughes | Above typical Show detailsSector percentile: 74 of 100 | full | moderate |
HAL Halliburton | Above typical Show detailsSector percentile: 80 of 100 | fair | moderate |
FTI TechnipFMC | Above typical Show detailsSector percentile: 79 of 100 | full | moderate |
3 material management or governance events in the past 24 months, led by executive changes. Historically, Energy names rated stable grew net income 53% of the time over the next year (vs 45% for the rest of the cohort, n=249).
Not investment advice. As of 2026-06-15.
via XLE
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-15.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Management plans to increase net capital expenditures to a range of $200 to $250 million for the year 2026.
Stated in 2 of last 2 quarters. Management increased net capital expenditures guidance from $175-$225M in 2025-Q4 to $200-$250M in 2026-Q1. This indicates a commitment to higher capital investment, with the trajectory showing an upward revision in planned spending.
“We now expect net capital expenditures in 2026 to increase to $200 – $250 million.”
“For full year 2026, we are targeting net capital expenditures of $175 – $225 million.”
Management aims for 25-30% year-over-year growth for the segment in 2026.
Newly stated in 2026-Q1. Management has set a target for 25-30% year-over-year growth for the segment in 2026. With revenue at $365.96M in 2026-Q1, the company is focusing on achieving this ambitious growth target, though specific progress metrics are not yet detailed.
“We expect continued growth throughout the second half of 2026, leading us to increase our full-year guidance to 25 – 30% year-over-year growth for the segment.”
Management anticipates the Water Infrastructure segment to grow revenue by 20% to 25% year-over-year in 2026.
Newly stated in 2025-Q4. Management expects the Water Infrastructure segment to achieve 20-25% revenue growth in 2026. With revenue at $365.96M in 2026-Q1, the company is focusing on this growth target, but specific progress metrics for the segment are not yet detailed.
“We anticipate the Water Infrastructure segment to grow revenue by 20% to 25% on a year-over-year basis in 2026.”
Why it matters: A return to revenue growth would signal a positive shift in the energy sector. This could improve investor confidence in Select Water Solutions.
Confirms:Three-year revenue growth increases above 2%.
Disproves:Three-year revenue growth stays below 2%.
OF THIS CURRENT REPORT, INCLUDING EXHIBIT 99.1 ATTACHED HERETO, SHALL NOT BE DEEMED “FILED” FOR THE PURPOSES OF SECTION 18 OF THE SECURITIES EXCHANGE ACT OF 1934, OR OTHERWISE SUBJECT TO THE LIABILITIES OF SUCH SECTION, NOR SHALL IT BE DEEMED INCORPORATED BY REFERENCE INTO ANY REGISTRATION STATEMENT OR OTHER FILING PURSUANT TO THE SECURITIES ACT OF 1933, EXCEPT AS OTHERWISE EXPRESSLY STATED IN SUCH FILING. 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the R…
OF THIS CURRENT REPORT, INCLUDING EXHIBIT 99.1 ATTACHED HERETO, SHALL NOT BE DEEMED “FILED” FOR THE PURPOSES OF SECTION 18 OF THE SECURITIES EXCHANGE ACT OF 1934, OR OTHERWISE SUBJECT TO THE LIABILITIES OF SUCH SECTION, NOR SHALL IT BE DEEMED INCORPORATED BY REFERENCE INTO ANY REGISTRATION STATEMENT OR OTHER FILING PURSUANT TO THE SECURITIES ACT OF 1933, EXCEPT AS OTHERWISE EXPRESSLY STATED IN SUCH FILING. 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the R…
Other Events As previously disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission (the “Commission”) on February 23, 2026, Select Water Solutions, Inc. (the “Company”) and J.P. Morgan Securities LLC and BofA Securities, Inc., as representatives of the several underwriters named in Schedule I thereto (collectively, the “Underwriters”), entered into an underwriting agreement, dated February 19, 2026 (the “Underwriting Agreement”), pursuant to which the Com…
Other Events On February 19, 2026, the Company and J.P. Morgan Securities LLC and BofA Securities, Inc., as representatives of the several underwriters named in Schedule I thereto (collectively, the “Underwriters”), entered into an underwriting agreement (the “Underwriting Agreement”), pursuant to which the Company agreed to sell to the Underwriters, and the Underwriters agreed to purchase from the Company, subject to and upon the terms and conditions set forth therein, $175.0 million of its…