Filing Flows › Select Water Solutions (WTTR) › Q2 2025
Select Water Solutions (WTTR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Select Water Solutions (WTTR) reported revenue of $364M for the second quarter 2025 (Q2 2025), -0.3% from a year earlier and -3% from the quarter before. Operating margin was 4.2%, net earnings $10.6M (2.9% of revenue).
Select Water Solutions, Q2 2025: revenue $364M (-0.3% year over year), operating margin 4.2%, net earnings $10.6M, operating cash flow $82.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $364M | -3% | -0.3% |
| Gross profit | $57.8M | +4% | -4% |
| Operating profit | $15.4M | -0.7% | -24% |
| Net earnings | $10.6M | +29% | -17% |
| Operating cash flow | $82.6M | — | -0.6% |
| Free cash flow | $10.8M | — | -71% |
What changed
Revenue was $364.2M in Q2 2025, roughly flat year over year and down 3% from the previous quarter. Water Services was the largest line at 59% of revenue. Water Services lost $14.3M year over year (down 6%), 1566% of the total change.
Gross margin was 15.9%, down 0.6 points from a year earlier. Operating profit was $15.4M, a 4.2% margin (down 1.3 points year over year). Operating expenses grew 6% against flat revenue. The fastest-growing cost line was Other operating costs (+318%). Net earnings were $10.6M, down 17% year over year. The effective tax rate was 27.9%.
Operating cash flow was $82.6M (down 1% year over year), 708% of net income including minority interests. Non-cash charges added back $43.0M of depreciation and amortization and $3.2M of share-based compensation. Working capital and other items added $24.7M. After purchase of property and equipment, net ($71.7M), free cash flow as the company reports it was $10.8M.
Questions
What was Select Water Solutions' revenue in the second quarter 2025?
Select Water Solutions (WTTR) reported revenue of $364M for the second quarter 2025 (Q2 2025), -0.3% from a year earlier and -3% from the quarter before.
Was Select Water Solutions profitable in the second quarter 2025?
Operating profit was $15.4M (4.2% of revenue) and net earnings $10.6M.