Select Water Solutions, Inc. (WTTR)

NYSEEnergyOil & Gas Equipment & ServicesSnapshot 2026-10-23

$18.14+3.42%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge Select Water Solutions, Inc.’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

Comparable estimates unavailable

+10% or more+5%0%−5%−10% or less

A matching fiscal period and sufficient coverage are required.

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

The calculation requires same-period, same-provider snapshots, positive EPS, at least five analysts and a baseline within three days of the requested lookback.

Measure / period	Management expectations	Analyst expectations
FY 2026 · Q3
Revenue	$85M–$90M	—
EBITDA	$90M–$94Mnon-GAAP	—
Gross margin	20%–21%	—
FY 2026 · Q4
Revenue	—	379.31M
EPS	—	0.124
FY 2026 · Annual
Revenue	—	1.54B
EPS	—	0.609
FY 2027 · Annual
Revenue	—	1.7B
EPS	—	0.572

What the Thesis Depends On

Three published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Increase net capital expenditures to $200-$250 million in 2026	The company increased capital spending guidance to $200-$250 million for 2026.	Intact	Capital expenditures fall below $180 million in FY26	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Achieve total revenue of at least $366 million in 2026	They raised revenue guidance to at least $366 million for 2026.	Intact	Total revenue falls below $350 million in FY26	Revenue: $395.807M FY2026-Q2; GAAP. Published target: >= $366 million. Target period is not explicitly aligned with this observation. Source published Aug 5, 2026395,807,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: 59d4a416-d848-4ab9-a417-ea4ec3bd6c5d. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Grow Water Infrastructure revenue by 20-25% in 2026	Select Water Solutions plans to grow Water Infrastructure revenue 20-25% in 2026.	Broken	Water Infrastructure revenue growth falls below 15% in FY26	Water Infrastructure revenue growth: 25.67% FY2026-Q2; reported segment. Published target: 20-25% YoY revenue growth. Target period is not explicitly aligned with this observation. Source published Aug 5, 202625.674355 percent · calculatedLast status assessment Oct 24, 2026 Measurement source Water Infrastructure · reported segment FY2026-Q2 · Period ending Jun 30, 2026 Source: stock_segment_revenue. Reference: 2026-Q2. Source status: vendor observation. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPSUnavailable

Unavailable → Unavailable · observed estimates

FY2027 revenueUnavailable

$1.60B → Unavailable · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	Unavailable	$1,598,844,565	4 / 6
2026-07-25	$0.65	$1,567,201,420	5 / 7
2026-07-26	Unavailable	$1,598,844,565	4 / 6
2026-07-27	$0.65	$1,567,201,420	5 / 7
2026-07-28	$0.65	$1,567,201,420	5 / 7
2026-07-29	Unavailable	$1,598,844,565	4 / 6
2026-07-30	Unavailable	$1,598,844,565	4 / 6
2026-07-31	$0.65	$1,567,201,420	5 / 7
2026-08-01	Unavailable	$1,598,844,565	4 / 6
2026-08-02	Unavailable	$1,598,844,565	4 / 6
2026-08-03	$0.65	$1,567,201,420	5 / 7
2026-08-04	$0.65	$1,567,201,420	5 / 7
2026-08-05	$0.65	$1,567,201,420	5 / 7
2026-08-06	$0.65	$1,567,201,420	5 / 7
2026-08-08	Unavailable	$1,594,524,105	4 / 6
2026-08-09	$0.68	$1,562,819,610	5 / 7
2026-08-10	Unavailable	$1,594,524,105	4 / 6
2026-08-12	Unavailable	$1,594,524,105	4 / 6
2026-08-13	$0.68	$1,572,605,320	5 / 7
2026-08-14	Unavailable	$1,594,524,105	4 / 6
2026-08-15	Unavailable	$1,594,524,105	4 / 6
2026-08-16	Unavailable	$1,594,524,105	4 / 6
2026-08-17	Unavailable	$1,594,524,105	4 / 6
2026-08-18	Unavailable	$1,594,524,105	4 / 6
2026-08-19	Unavailable	$1,594,524,105	4 / 6
2026-08-20	Unavailable	$1,613,209,034	4 / 6
2026-08-21	Unavailable	$1,611,002,280	4 / 6
2026-08-22	Unavailable	$1,611,002,280	4 / 6
2026-08-23	Unavailable	$1,611,002,280	4 / 6
2026-08-24	Unavailable	$1,611,002,280	4 / 5
2026-08-25	Unavailable	$1,620,002,735	4 / 5
2026-08-26	Unavailable	$1,619,602,735	4 / 5
2026-08-27	Unavailable	$1,619,602,735	4 / 5
2026-08-28	Unavailable	$1,619,602,735	4 / 5
2026-08-29	Unavailable	$1,620,881,331	4 / 5
2026-08-30	Unavailable	$1,620,881,331	4 / 5
2026-08-31	Unavailable	$1,620,881,331	4 / 5
2026-09-01	Unavailable	$1,620,881,331	4 / 5
2026-09-02	Unavailable	$1,620,881,331	4 / 5
2026-09-03	Unavailable	$1,620,881,331	4 / 5
2026-09-04	Unavailable	$1,620,881,331	4 / 5
2026-09-05	Unavailable	$1,620,881,331	4 / 5
2026-09-06	Unavailable	$1,620,881,331	4 / 5
2026-09-07	Unavailable	$1,620,881,331	4 / 5
2026-09-08	Unavailable	$1,620,881,331	4 / 5
2026-09-09	Unavailable	$1,620,881,331	4 / 5
2026-09-10	Unavailable	$1,620,881,331	4 / 5
2026-09-11	Unavailable	$1,620,881,331	4 / 5
2026-09-12	Unavailable	$1,620,881,331	4 / 5
2026-09-13	Unavailable	$1,620,881,331	4 / 5
2026-09-14	Unavailable	$1,620,881,331	4 / 5
2026-09-15	Unavailable	$1,620,881,331	4 / 5
2026-09-16	Unavailable	$1,620,881,331	4 / 5
2026-09-17	Unavailable	$1,620,881,331	4 / 5
2026-09-18	Unavailable	$1,620,881,331	4 / 5
2026-09-19	Unavailable	$1,620,881,331	4 / 5
2026-09-20	Unavailable	$1,620,881,331	4 / 5
2026-09-21	Unavailable	$1,620,881,331	4 / 5
2026-09-22	Unavailable	$1,620,881,331	4 / 5
2026-09-23	Unavailable	$1,620,881,331	4 / 5
2026-09-24	Unavailable	$1,620,881,331	4 / 5
2026-09-25	Unavailable	Unavailable	4 / 4
2026-09-26	Unavailable	Unavailable	3 / 3
2026-09-27	Unavailable	Unavailable	3 / 3
2026-09-28	Unavailable	Unavailable	3 / 3
2026-09-29	Unavailable	Unavailable	3 / 3
2026-09-30	Unavailable	Unavailable	3 / 4
2026-10-01	Unavailable	Unavailable	4 / 4
2026-10-02	Unavailable	Unavailable	4 / 4
2026-10-03	Unavailable	Unavailable	4 / 4
2026-10-04	Unavailable	Unavailable	4 / 4
2026-10-05	Unavailable	Unavailable	4 / 4
2026-10-06	Unavailable	Unavailable	4 / 4
2026-10-07	Unavailable	Unavailable	4 / 4
2026-10-08	Unavailable	Unavailable	4 / 4
2026-10-09	Unavailable	Unavailable	4 / 4
2026-10-10	Unavailable	Unavailable	4 / 4
2026-10-11	Unavailable	Unavailable	4 / 4
2026-10-12	Unavailable	Unavailable	4 / 4
2026-10-13	Unavailable	Unavailable	4 / 4
2026-10-14	Unavailable	Unavailable	4 / 4
2026-10-15	Unavailable	Unavailable	4 / 4
2026-10-16	Unavailable	Unavailable	4 / 4
2026-10-17	Unavailable	Unavailable	4 / 4
2026-10-18	Unavailable	Unavailable	4 / 4
2026-10-19	Unavailable	Unavailable	4 / 4
2026-10-20	Unavailable	Unavailable	4 / 4
2026-10-21	Unavailable	Unavailable	4 / 4
2026-10-22	Unavailable	Unavailable	4 / 4
2026-10-23	Unavailable	Unavailable	4 / 4
2026-10-24	Unavailable	Unavailable	4 / 4

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold	Sell*
2026-05-01	6	0	0
2026-06-01	6	0	0
2026-07-01	6	0	0
2026-08-01	8	0	0
2026-09-01	7	0	0
2026-10-01	7	0	0

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 7 Buy / Strong Buy · 0 Hold · 0 Sell / Strong Sell

0 upgrades0 downgrades1 maintains

Recent actions · Sep 25–Oct 24 · 1 recorded

Price-target changes

30 days

○ Previous · ● Latest · common dollar scale

UBSSep 30

$28.00New observation · no comparable prior

$0$15.40$30.80

0 raises · 0 cuts · 0 unchanged · 1 without a comparable prior

How this is measured

Sep 25, 2026–Oct 24, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Increase net capital expenditures to $200-$250 million in 2026Direct metric needs a verified mapping
Achieve total revenue of at least $366 million in 2026Revenue: $395.807M
Grow Water Infrastructure revenue by 20-25% in 2026Published status: Broken

Next proof point

Nov 3, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

1.7%Typical daily move · historical

Downside history

-20.9%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Select Water Solutions, Inc. outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

WTTR is a growth-oriented energy services business, with a tailwind from its sector and expansion in water infrastructure and chemical technologies. Its long-term thesis is intact, and the recent signal improved from mixed to mildly favorable, but earnings quality remains fragile.

What's priced into Select Water Solutions, Inc.

The evidence flags WTTR as expensive, with an expectations gap score of 0.66 and high model confidence. Recent performance and sector support appear reflected in a favorable setup, but the evidence also flags weak execution quality and a turbulent sector regime, making that optimism vulnerable if results or guidance weaken.

What the fundamentals likely do

Near term, reported results have been strong: water infrastructure revenue and chemical technologies revenue both rose from the first to the second quarter of 2026, and chemical gross margin also improved. Management is progressing on contracted water growth and higher-margin chemical offerings, while increased capital spending guidance reflects a larger infrastructure buildout. A guidance cut remains a meaningful risk, especially in an industry with frequent misses and peers that have recently missed.

What Select Water Solutions, Inc. hinges on

Over the next few quarters, the thesis depends on WTTR sustaining segment growth and delivering returns from its expanded infrastructure investment. Guidance is a key swing factor: a cut would weaken confidence, while continued execution would support the current thesis. Energy-sector momentum also matters, with SLB, BKR, and HAL results serving as early signals of whether the sector tailwind persists.