Filing Flows › Select Water Solutions (WTTR) › Q2 2026
Select Water Solutions (WTTR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Select Water Solutions (WTTR) reported revenue of $396M for the second quarter 2026 (Q2 2026), +9% from a year earlier and +8% from the quarter before. Operating margin was 8.7%, net earnings $21.0M (5.3% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $396M | +8% | +9% |
| Gross profit | $76.8M | +18% | +33% |
| Operating profit | $34.3M | +91% | +123% |
| Net earnings | $21.0M | +144% | +98% |
| Operating cash flow | $86.7M | +747% | +5% |
| Free cash flow | $17.0M | — | +57% |
What changed
Revenue was $395.8M in Q2 2026, up 9% year over year and up 8% from the previous quarter. Water Services was the largest line at 50% of revenue. Chemical Technologies added $28.3M year over year (up 42%), 90% of the total change. Water Services declined 8%.
Gross margin was 19.4%, up 3.6 points from Q2 2025. Operating profit was $34.3M, a 8.7% margin (up 4.4 points year over year). Of the extra revenue versus Q2 2025, 60% reached operating profit, above the 4% margin then. Operating expenses grew 0% against revenue growth of 9%. Net earnings were $21.0M, up 98% year over year. The effective tax rate was 22.0%.
Operating cash flow was $86.7M (up 5% year over year), 384% of net income including minority interests. Non-cash charges added back $48.4M of depreciation and amortization and $8.4M of share-based compensation. Working capital and other items added $7.4M. After purchase of property and equipment, net ($69.7M), free cash flow as the company reports it was $17.0M.
Questions
What was Select Water Solutions' revenue in the second quarter 2026?
Select Water Solutions (WTTR) reported revenue of $396M for the second quarter 2026 (Q2 2026), +9% from a year earlier and +8% from the quarter before.
Was Select Water Solutions profitable in the second quarter 2026?
Operating profit was $34.3M (8.7% of revenue) and net earnings $21.0M.