Why Is SELECT WATER SOLUTIO A (WTTR) Stock Moving Today?

Why WTTR stock is up today

Select Water Solutions (WTTR) surged 20.32% to $22.26 in a single session, driven by a strong earnings update and strategic developments. The company reported second quarter 2026 financial and operational updates, including a 7-year agreement for conveyance of 14 saltwater disposal wells and a definitive agreement with ISE Chemicals for iodine production. These developments, along with an updated EBITDA guide and higher capital expenditures, contributed to the sharp rise in the stock.

What Happened

Select Water Solutions released a second quarter 2026 earnings call and an 8-K filing on August 4, 2026, disclosing record Water Infrastructure performance and a 7-year MVC deal. The company raised its 2026 net CapEx guidance to $250M-$290M and provided a Q3 EBITDA range of $90M-$94M. In addition, Select Water Solutions announced a strategic partnership with ISE Chemicals to develop iodine production facilities using produced water infrastructure across Texas, New Mexico, and Oklahoma. The initial commercial iodine facility is expected to be commissioned in 2027 in the Permian Basin.

The company also disclosed a 7-year agreement with an unnamed public operator for the conveyance of 14 saltwater disposal wells and the development of a new pipeline in the Northern Delaware Basin. These developments were highlighted in the earnings call and contributed to a positive market reaction.

What The Data Shows

The stock closed at $22.26, up significantly from its 52-week range of $7.86 to $21.67. The market cap is $2.3B, with a P/E ratio of 90.7 and a beta of 1.00. Recent insider transactions include four sales totaling $65.0M over the last 90 days, with the most recent filing on May 21. No insider purchases were reported. The company's trailing twelve-month revenue declined by 4.2%, and its net margin stands at 1.5%. The stock has a dividend yield of 1.52%.

What To Watch

The company is scheduled to report its next earnings update, and investors should monitor the breadth of coverage for further insights.

Why is WTTR stock moving today?

SELECT WATER SOLUTIO A (WTTR) is drawing unusual attention today. Our newswire has captured 2 stories on WTTR across 2 sources in the last 36 hours, with AI sentiment reading bullish (avg 62/100). The most recent driver: "Select Water: Great Execution, But I Am Not Diving In Yet" (Seeking Alpha).

Is WTTR a buy right now?

Top Tier Newswire does not give financial advice. Our AI sentiment across the last 36 hours of WTTR coverage reads 62/100 over 2 stories; treat it as a research signal and do your own diligence.

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