Filing Flows › Select Water Solutions (WTTR) › Q2 2026 › vs Q1 2026
Select Water Solutions (WTTR) Q2 2026 vs Q1 2026 (quarter over quarter)
Select Water Solutions's revenue rose $29.8M (+8%) from $366M in Q1 2026 to $396M in Q2 2026. The biggest changes: Chemical Technologies +$18.0M (+23%); Water Services +$6.9M (+4%); Water Infrastructure +$4.9M (+5%). Gross margin 19.4% against 17.8% (+1.6 pts).
Select Water Solutions, Q2 2026: revenue $396M (+9% year over year), operating margin 8.7%, net earnings $21.0M, operating cash flow $86.7M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 19.4% | 17.8% | +1.6 pts |
| Operating margin | 8.7% | 4.9% | +3.8 pts |
| Net margin | 5.3% | 2.4% | +3.0 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Water Services | $198M | $191M | $6.9M | +4% |
| Water Infrastructure | $102M | $96.7M | $4.9M | +5% |
| Chemical Technologies | $96.0M | $78.0M | $18.0M | +23% |
| Revenue | $396M | $366M | $29.8M | +8% |
| Gross profit | $76.8M | $65.3M | $11.6M | +18% |
| Cost of revenue | $319M | $301M | $18.3M | +6% |
| Operating profit | $34.3M | $18.0M | $16.4M | +91% |
| Operating expenses | $42.5M | $47.3M | −$4.8M | -10% |
| Pre-tax earnings | $28.9M | $11.9M | $17.1M | +144% |
| Other expense, net | $5.4M | $6.1M | −$681K | -11% |
| SG&A | $41.2M | $40.6M | $627K | +2% |
| Other operating costs | $1.3M | $6.8M | −$5.4M | -80% |
| Net earnings | $21.0M | $8.6M | $12.4M | +144% |
| Minority interests | $1.5M | $826K | $701K | +85% |
| Income tax | $6.4M | $2.4M | $3.9M | +161% |
| Depreciation & amortization | $48.4M | $46.9M | $1.6M | +3% |
| Share-based compensation | $8.4M | $5.8M | $2.6M | +44% |
| Working capital & other | $8.9M | −$51.1M | $59.9M | — |
| Operating cash flow | $86.7M | $10.2M | $76.5M | +747% |
Questions
How much did Select Water Solutions's revenue grow quarter over quarter in Q2 2026?
Select Water Solutions's revenue rose $29.8M (+8%) from $366M in Q1 2026 to $396M in Q2 2026.
What drove Select Water Solutions's revenue change in Q2 2026?
Chemical Technologies +$18.0M (+23%); Water Services +$6.9M (+4%); Water Infrastructure +$4.9M (+5%).