Filing Flows › Select Water Solutions (WTTR) › Q3 2026 › vs Q2 2026
Select Water Solutions (WTTR) Q3 2026 vs Q2 2026 (quarter over quarter)
Select Water Solutions's revenue rose $16.4M (+4%) from $396M in Q2 2026 to $412M in Q3 2026. The biggest changes: Water Services +$14.1M (+7%); Water Infrastructure +$8.5M (+8%); Chemical Technologies −$6.2M (-6%). Gross margin 19.7% against 19.4% (+0.3 pts).
Select Water Solutions, Q3 2026: revenue $412M (+28% year over year), operating margin 6.5%, net earnings $20.6M, operating cash flow $84.4M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 19.7% | 19.4% | +0.3 pts |
| Operating margin | 6.5% | 8.7% | -2.2 pts |
| Net margin | 5.0% | 5.3% | -0.3 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Water Services | $212M | $198M | $14.1M | +7% |
| Water Infrastructure | $110M | $102M | $8.5M | +8% |
| Chemical Technologies | $89.8M | $96.0M | −$6.2M | -6% |
| Revenue | $412M | $396M | $16.4M | +4% |
| Gross profit | $81.4M | $76.8M | $4.6M | +6% |
| Cost of revenue | $331M | $319M | $11.8M | +4% |
| Other income, net | $5.1M | −$5.4M | $10.5M | — |
| Operating profit | $26.9M | $34.3M | −$7.5M | -22% |
| Operating expenses | $54.5M | $42.5M | $12.0M | +28% |
| Pre-tax earnings | $32.0M | $28.9M | $3.0M | +11% |
| SG&A | $53.6M | $41.2M | $12.4M | +30% |
| Other operating costs | $896K | $1.3M | −$423K | -32% |
| Net earnings | $20.6M | $21.0M | −$426K | -2% |
| Minority interests | $2.3M | $1.5M | $791K | +52% |
| Income tax | $9.0M | $6.4M | $2.7M | +42% |
| Depreciation & amortization | $49.0M | $48.4M | $549K | +1% |
| Share-based compensation | $8.3M | $8.4M | −$40K | -0.5% |
| Working capital & other | $6.5M | $8.9M | −$2.4M | -27% |
| Operating cash flow | $84.4M | $86.7M | −$2.3M | -3% |
| Capital expenditures | $89.5M | $71.0M | $18.5M | +26% |
| Negative free cash flow (OCF − capex) | $5.1M | −$15.7M | $20.8M | — |
Questions
How much did Select Water Solutions's revenue grow quarter over quarter in Q3 2026?
Select Water Solutions's revenue rose $16.4M (+4%) from $396M in Q2 2026 to $412M in Q3 2026.
What drove Select Water Solutions's revenue change in Q3 2026?
Water Services +$14.1M (+7%); Water Infrastructure +$8.5M (+8%); Chemical Technologies −$6.2M (-6%).