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

Select Water Solutions (WTTR) surged 7.27% to $20.95 on September 25, 2026, driven by the announcement of a $700 million acquisition of Pilot Water Solutions. The deal, structured as a cash-and-stock transaction with up to $15 million in contingent consideration, is expected to bolster the company's infrastructure and EBITDA. The stock opened with a 5.4% gap and reached a session high of $21.05, indicating strong early investor reaction.

What Happened

Select Water Solutions announced a definitive agreement to acquire Pilot Water Solutions, a private water midstream company with a strong presence in the Delaware Basin. The acquisition includes robust contract commitments, including 480,000 barrels per day of minimum volume contracts and 306,000 acres of operational coverage. The company emphasized that the deal supports its goal of achieving a 70% Water Infrastructure profitability mix by 2027. The SEC 8-K filing confirmed the transaction, and the news was widely covered across multiple platforms, contributing to the stock’s sharp rise.

What The Data Shows

The stock opened at $20.58 and traded as high as $21.05 during the session. Volume was 0.3 million shares, which is 0.2 times the 3-month daily average. The price action reflects a strong intraday move, with the stock printing a fresh 52-week high on the day. The company has a market cap of $2.5 billion, a P/E ratio of 68.1, and a beta of 1.00. Despite a recent revenue decline of 2.0% trailing twelve months, the stock has shown resilience, trading within its 52-week range of $9.29 to $22.55.

What To Watch

The company has not scheduled earnings for the near term. Investors should monitor the breadth of coverage and analyst reactions to the deal, as well as any follow-up filings or updates from management.