WTTR at a glance
Select Water Solutions, Inc. (WTTR, SEC CIK 1693256) filed its latest 10-K annual report on February 18, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on September 24, 2026 and Form 4 insider filings as recently as August 18, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Select Water Solutions, Inc. (WTTR) reported revenue of $1.4 billion (down 3.1% from FY2024) and net income of $21.2 million.
- As of June 30, 2026, 31 institutional investment managers tracked by SignalX reported holding Select Water Solutions, Inc. (WTTR) shares worth $1.0 billion in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $1.4B
- −3.1% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 31 funds
- $1.0B · +0 vs prior quarter
- Latest 8-K
- Sep 24, 2026
- Item 7.01 · Item 3.02 · Item 8.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: water infrastructure and services for oil and gas industry, focusing on sourcing, transfer, and recycling
- New emphasis on sustainability risks and regulatory scrutiny related to climate change and environmental practices affecting demand and costs
- Strategic caution on dividend sustainability with $0.07 quarterly dividend announced, dependent on operational cash flow and capital needs
- Capital expenditures $294.6M in 2025, up from $173.2M in 2024 and $135.9M in 2023, reflecting increased investment in infrastructure
- Introduction of Sustainability-Linked Credit Facility with restrictive covenants impacting operational and financial flexibility
Risk Factors
- Liability for Tax Receivable Agreements $43.4M as of Dec 31, 2025, subject to future taxable income and legislative changes under ASC 450
- Valuation allowance against deferred tax assets $100.2M as of Dec 31, 2025, dependent on generating sufficient taxable income under tax law
- Future legislative actions could materially impact deferred tax asset realizability and related financial results
- No specific geopolitical, operational, competitive, or financial risks detailed in this section
Management Discussion & Analysis
- Net cash provided by operating activities $214.7M, down 8.6% from $234.9M in 2024
- Net cash used in investing activities $405.0M, up 27.1% from $318.6M, driven by $121.4M higher property and equipment purchases
- Net cash provided by financing activities $188.4M, up 303.9% from $46.6M, primarily from $150.0M increased borrowings
- Free cash flow negative $64.6M in 2025 vs positive $77.5M in 2024 due to higher capex
- Management secured $550M Sustainability-Linked Credit Facility with $300M revolving and $250M term loan for capital needs
AI summary of the WTTR 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Revenue $395.8M, up 8.7% YoY from $364.2M
- Chemical Technologies best performer, revenue $96.0M, up 41.9% YoY
- Water Services weakest segment, revenue $198.2M, down 8.1% YoY
- Gross profit $76.8M, up 33.1% YoY from $57.8M
- Outlook: stable activity, with commodity volatility, tariffs, inflation, and customer budget discipline as headwinds
Risk Factors
- Newly added geopolitical risk: conflicts near oil-producing regions or shipping corridors may disrupt chemicals supplies and raise logistics costs
- Operational risk: shipping delays, port congestion, rerouted freight, and supplier business interruptions may constrain raw-material availability
- Market risk: higher fuel and energy prices could increase transportation, manufacturing, and distribution costs
- Supply-chain risk: domestic sourcing reduces reliance on any single shipping corridor, but global commodity disruptions may elevate domestic prices and reduce supply
AI summary of the WTTR 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 7.01: Regulation FD Disclosure
- Exhibits 99.1 and 99.2 contain the Regulation FD disclosure materials
- Exhibits excluded from Exchange Act Section 18 filing liability
Item 3.02: Unregistered Sales of Equity Securities
- Select Water Solutions will issue equity to Pilot OFS through a private placement under Securities Act Section 4(a)(2)
- Transaction avoids public registration, limiting immediate disclosure and resale flexibility for the securities
Item 8.01: Other Events
- Sold 55% indirect Peak Rentals interest on September 23, 2026
- Received approximately $41.5 million cash proceeds, subject to customary adjustments
Item EX-99.1: Item EX-99.1
- Proposed $700M debt-free Pilot Water acquisition: $600M cash and $100M Select Class A shares, plus potential $15M earnout
- Pilot adds $100–$110M 2026E EBITDA, rising to $120–$130M in 2027E before $10–$15M targeted annual synergies
Item 2.02: Results of Operations and Financial Condition
- Filing contains only signature pages, with no operating results or financial metrics
- Report signed August 4, 2026 by Christopher K. George, Executive Vice President and Chief Financial Officer
Item EX-99.1: Item EX-99.1
- Q2 revenue $395.8M, up 8% sequentially; net income $22.6M versus $9.4M in Q1
- Adjusted EBITDA $92.7M, up from $77.6M; gross margin before D&A improved to 31.3% from 30.3%
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Michael C. Skarke became Executive Vice President and Chief Commercial Officer effective June 1, 2026
- Strategic focus shifts to water infrastructure commercialization, acquisitions, and business diversification
AI summaries of WTTR 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for WTTR
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- Fund moves. Which tracked funds opened, added or cut WTTR, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Lyons Michael James | F | Aug 15, 2026 | 1,844 | $20.86 |
| Schmitz John | A | Jul 16, 2026 | 125,000 | - |
| Schmitz John | A | Jul 16, 2026 | 125,000 | - |
| Schmitz John | A | Jul 16, 2026 | 125,000 | - |
| Schmitz John | A | Jul 16, 2026 | 125,000 | - |
| Schmitz John | A | Jul 16, 2026 | 250,000 | - |
| Schmitz John | A | Jul 16, 2026 | 125,000 | - |
| Schmitz John | A | Jul 16, 2026 | 125,000 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $1.5B | $1.4B |
| Gross Profit | $231.7M | $219.5M | $202.4M |
| Operating Income | - | $54.5M | $28.8M |
| Net Income | $74.4M | $30.6M | $21.2M |
| Gross Margin | - | 15.1% | 14.4% |
| Op. Margin | - | 3.8% | 2.0% |
| Net Margin | - | 2.1% | 1.5% |
| Balance Sheet | |||
| Total Assets | - | $1.4B | $1.6B |
| Equity | $772.5M | $793.5M | $805.6M |
| ROE | 9.6% | 3.9% | 2.6% |
| Cash Flow | |||
| Operating CF | - | $234.9M | $214.7M |
| CapEx | $135.9M | $173.2M | $294.6M |
Source: XBRL data in Select Water Solutions, Inc. (WTTR)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate WTTR share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 31 | $1.05B |
| Q1 2026 | 31 | $686.9M |
| Q4 2025 | 23 | $327.2M |
| Q3 2025 | 26 | $388.9M |
| Q2 2025 | 29 | $319.9M |
| Q1 2025 | 25 | $333.8M |
| Q4 2024 | 20 | $309.9M |
| Q3 2024 | 16 | $153.8M |
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- Ameriprise Financial−15.2K (-22%)
- Truist Financial+25.1K
- Millennium Management−80.2K
Source: 13F-HR filings on SEC EDGAR (aggregated from 201 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
WTTR filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Sep 24, 2026 | - | Analysis | - |
| 4 | Aug 18, 2026 | - | - | - |
| 10-Q | Aug 5, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 4, 2026 | - | Analysis | - |
| 4 | Jul 20, 2026 | - | - | - |
| 4 | Jul 7, 2026 | - | - | - |
| 8-K | Jun 1, 2026 | - | Analysis | |
| 4 | May 18, 2026 | - | - | |
| 4 | May 12, 2026 | - | - | |
| 4 | May 12, 2026 | - | - | |
| 4 | May 8, 2026 | - | - | |
| 4 | May 8, 2026 | - | - | |
| 4 | May 8, 2026 | - | - | |
| 4 | May 8, 2026 | - | - | |
| 8-K | May 8, 2026 | - | Analysis | |
| 4 | May 8, 2026 | - | - | |
| 4 | May 8, 2026 | - | - | |
| 10-Q | May 6, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 5, 2026 | - | Analysis | - |
| SC 13G | Apr 29, 2026 | - | - | |
| 4 | Apr 10, 2026 | - | - | - |
| 4 | Apr 9, 2026 | - | - | - |
| 4 | Apr 3, 2026 | - | - | - |
| 4 | Mar 9, 2026 | - | - | - |
| 4 | Mar 9, 2026 | - | - | - |
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WTTR SEC filings: frequently asked questions
Which institutions hold WTTR stock?
As of June 30, 2026, the largest Select Water Solutions, Inc. (WTTR) holders among the 13F filers tracked by SignalX were BlackRock ($233.5 million), Franklin Resources ($223.9 million), Dimensional Fund Advisors ($130.3 million), Vanguard Capital Management LLC ($104.0 million), State Street Corp ($76.2 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was WTTR's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Select Water Solutions, Inc. (WTTR) reported revenue of $1.4 billion (down 3.1% from FY2024) and net income of $21.2 million. The figures come from the XBRL data in the 10-K.
What are the main risks in WTTR's latest 10-K?
In the 10-K filed February 18, 2026, Select Water Solutions, Inc. (WTTR) flagged: Liability for Tax Receivable Agreements $43.4M as of Dec 31, 2025, subject to future taxable income and legislative changes under ASC 450. Valuation allowance against deferred tax assets $100.2M as of Dec 31, 2025, dependent on generating sufficient taxable income under tax law. (AI summary of the Risk Factors section.)
What did WTTR report in its latest 8-K?
Select Water Solutions, Inc. (WTTR) filed an 8-K on September 24, 2026 reporting Item 7.01 (Regulation FD Disclosure), Item 3.02 (Unregistered Sales of Equity Securities) and Item 8.01 (Other Events). Exhibits 99.1 and 99.2 contain the Regulation FD disclosure materials.
What are the latest WTTR SEC filings?
Select Water Solutions, Inc. (WTTR) filed its latest 10-K annual report on February 18, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on September 24, 2026 and a Form 4 insider filing on August 18, 2026.
What is WTTR's SEC CIK number?
Select Water Solutions, Inc. (WTTR)'s SEC Central Index Key (CIK) is 1693256. EDGAR lists every WTTR filing under that number.
Ask anything about WTTR
The research agent reads WTTR's filings, financials, insider trades and 13F holders, then answers with sources.