Select Energy Services Inc
F:18RA
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
S
|
Select Energy Services Inc
F:18RA
|
US |
|
Rli Corp
NYSE:RLI
|
US |
|
G
|
Golar LNG Ltd
LSE:0HDY
|
BM |
|
DT Midstream Inc
NYSE:DTM
|
US |
|
C
|
China Literature Ltd
SWB:C2X
|
CN |
|
Loews Corp
NYSE:L
|
US |
|
F
|
Fielmann Group AG
XMUN:FIE
|
DE |
|
Vallourec SA
OTC:VLOUF
|
FR |
|
BHP Group Ltd
ASX:BHP
|
AU |
|
Zedge Inc
F:34Z
|
US |
|
N
|
Next PLC
XBER:NXG
|
UK |
Select Energy Services Inc
Select Energy Services helps oil and gas producers move, clean, recycle, and dispose of water used in drilling and well completion. It also supplies pressure pumping and other well-site services, along with chemicals used to improve drilling and production. Its work sits close to the field: it brings the water, handles the water after it is used, and supports the operations that turn a drilled well into a producing well. Its customers are energy companies and oilfield contractors that need reliable support during drilling and completions. Select makes money by charging for service jobs, equipment rental, water handling, disposal, and chemical sales tied to customer activity in the oilfield. Demand for its services rises and falls with drilling and completion activity, but the company is not just a pure equipment seller; it earns revenue from the ongoing logistics and handling work that producers need on every well. What makes the business different is its focus on water and field logistics, which are essential but often overlooked parts of oil and gas development. Instead of depending only on drilling rigs or a single service line, Select combines water infrastructure, transport, disposal, and chemicals around the same customer need. That makes it a practical service partner for producers that want one provider for several steps in the well-site process.
Select Energy Services helps oil and gas producers move, clean, recycle, and dispose of water used in drilling and well completion. It also supplies pressure pumping and other well-site services, along with chemicals used to improve drilling and production. Its work sits close to the field: it brings the water, handles the water after it is used, and supports the operations that turn a drilled well into a producing well.
Its customers are energy companies and oilfield contractors that need reliable support during drilling and completions. Select makes money by charging for service jobs, equipment rental, water handling, disposal, and chemical sales tied to customer activity in the oilfield. Demand for its services rises and falls with drilling and completion activity, but the company is not just a pure equipment seller; it earns revenue from the ongoing logistics and handling work that producers need on every well.
What makes the business different is its focus on water and field logistics, which are essential but often overlooked parts of oil and gas development. Instead of depending only on drilling rigs or a single service line, Select combines water infrastructure, transport, disposal, and chemicals around the same customer need. That makes it a practical service partner for producers that want one provider for several steps in the well-site process.
Strong quarter: Select Water Solutions said Q1 2026 was a strong start, with revenue, adjusted EBITDA and net income all rising sequentially versus Q4 2025.
Infrastructure outperformance: Water Infrastructure was the clear standout, with revenue up 19% sequentially to a record $97 million and gross margin before D&A reaching 56%.
Guidance raised: Full-year Water Infrastructure growth guidance was lifted to 25% to 30% year-over-year from 20% to 25%, reflecting a stronger backlog and new projects coming online.
Macro tailwind: Management said higher oil prices and changing market conditions are creating more active customer conversations, but they are not yet seeing major behavior changes in customer activity or pricing.
Balance sheet improved: A recent equity offering allowed the company to fully repay revolver borrowings, ending Q1 with $196 million of net debt and more than $300 million of liquidity.
Capital spending up: Net CapEx guidance for 2026 increased to $200 million to $250 million from $175 million to $225 million after recent project wins and acquisitions.
Longer-term upside: Management continues to point to 2027 and beyond as a period of stronger free cash flow, with more projects expected to come online and more commercialization opportunities across the network.
