Overview

* Select Water Solutions ( WTTR ) Q3 revenue beats analyst expectations despite sequential decline

* Adjusted EBITDA for Q3 exceeds analyst estimates, indicating operational resilience

* Company announces strategic infrastructure expansions in Permian Basin for future growth

Outlook

* Company expects Q4 2025 Water Infrastructure growth of approximately 10%

* Select anticipates over 20% Water Infrastructure growth in 2026

* Company projects Q4 2025 Adjusted EBITDA of $60-$64 mln

Result Drivers

* CHEMICAL TECHNOLOGIES - Revenue and gross profit increased by 13% and 34% respectively, driven by new product development and market share gains

* WATER SERVICES ENHANCEMENT - Enhanced existing contracts with long-term water transfer and logistics services, benefiting Water Services

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $322 mln $319 mln

Revenue (5

Analysts

)

Q3 EPS $0.03

Q3 Net $2.30

Income mln

Q3 Beat $59.50 $58.60

Adjusted mln mln (6

EBITDA Analysts

)

Q3 Gross 13.50%

Margin

Q3 27%

Adjusted

Gross

Margin

Q3 Gross $43.60

Profit mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the oil related services and equipment peer group is "buy"

* Wall Street's median 12-month price target for Select Water Solutions Inc ( WTTR ) is $15.00, about 20.7% above its November 3 closing price of $11.89

* The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)