Filing Flows › Select Water Solutions (WTTR) › Q3 2026
Select Water Solutions (WTTR) Q3 2026 earnings results (third quarter 2026)
8-K filed Nov 9, 2026
Select Water Solutions (WTTR) reported revenue of $412M for the third quarter 2026 (Q3 2026), +28% from a year earlier and +4% from the quarter before. Operating margin was 6.5%, net earnings $20.6M (5.0% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $412M | +4% | +28% |
| Gross profit | $81.4M | +6% | +87% |
| Operating profit | $26.9M | -22% | — |
| Net earnings | $20.6M | -2% | +668% |
| Operating cash flow | $84.4M | -3% | +18% |
What changed
Revenue was $412.2M in Q3 2026, up 28% year over year and up 4% from the previous quarter. Water Services was the largest line at 51% of revenue. Water Services added $45.4M year over year (up 27%), 50% of the total change.
Gross margin was 19.7%, up 6.2 points from Q3 2025. Operating profit was $26.9M, a 6.5% margin (up 7.1 points year over year). Operating expenses grew 20% against revenue growth of 28%. The fastest-growing cost line was SG&A (+29%). Net earnings were $20.6M, up 668% year over year. The effective tax rate was 28.3%.
Operating cash flow was $84.4M (up 18% year over year), 368% of net income including minority interests. Non-cash charges added back $49.0M of depreciation and amortization and $8.3M of share-based compensation. Capital expenditures of $89.5M exceeded it, leaving free cash flow of −$5.1M.
Questions
What was Select Water Solutions' revenue in the third quarter 2026?
Select Water Solutions (WTTR) reported revenue of $412M for the third quarter 2026 (Q3 2026), +28% from a year earlier and +4% from the quarter before.
Was Select Water Solutions profitable in the third quarter 2026?
Operating profit was $26.9M (6.5% of revenue) and net earnings $20.6M.