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

Why WTTR stock is up today

WTTR stock rose 20.59% to $22.31 on Monday, driven by the company’s second quarter financial and operational updates. The stock opened with an 8.8% gap up and reached an intraday high of $22.33. The move follows the release of a Form 8-K and a press announcement highlighting improved revenue and net income.

What Happened

Select Water Solutions reported second quarter 2026 consolidated revenue of $396 million, an 8% sequential increase from the first quarter. Net income also improved by $13 million, and Adjusted EBITDA showed positive movement. The company filed a Form 8-K with the SEC on August 4, 2026, disclosing the results of operations and financial condition under Item 2.02 and including financial statements and exhibits under Item 9.01. Additionally, the company announced 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. Select Water Solutions also revealed a definitive agreement with ISE Chemicals Corporation for the development of commercial iodine production facilities using produced water infrastructure across Texas, New Mexico, and Oklahoma.

What The Data Shows

The stock opened at $20.12 and traded as high as $22.33 during the session. Volume reached 3.8 million shares, twice the 3-month daily average. The stock is currently trading near its 52-week high of $21.67. Insiders, including Crestview Partners II Gp, L.P., Richard Alan Burnett, and Michael Skarke, have sold shares totaling $65.0 million in the last 90 days. The market cap stands at $2.3 billion, with a P/E ratio of 90.7 and a dividend yield of 1.52%.

What To Watch

The company has not scheduled earnings for the near term. Investors should monitor the breadth of coverage and any further developments from the strategic agreements announced.