Select Water Solutions SEC Filings

Select Water Solutions, Inc. filed a shelf registration on February 19, 2026 to register Class A common stock, preferred stock, depositary shares and warrants for sale from time to time after the registration becomes effective. The prospectus permits multiple offering methods and states net proceeds are for general corporate purposes.

The company lists its Class A common stock on the NYSE and NYSE Texas under the symbol WTTR; the prospectus notes a last reported sale price of $13.26 per share on February 17, 2026. Specific offering amounts, prices and terms will be provided in prospectus supplements.

Select Water Solutions, Inc. files its annual report describing a U.S.-focused water-management business built around three segments: Water Infrastructure, Water Services and Chemical Technologies. The company highlights large-scale produced water recycling and disposal networks in basins such as the Permian, Haynesville, Bakken and Rockies.

As of December 31, 2025, its infrastructure included 2.9 million barrels per day of active produced water recycling capacity and 35 million barrels of produced water storage, with projects under way to expand to 3.3 million barrels per day and 41 million barrels of storage. Select completed multiple 2025 deals, including Permian and Northeast saltwater disposal and pipeline assets, a Bakken solids and landfill platform from Omni Environmental Solutions, and formation of AV Farms with 16,300 acre-feet of senior annual Colorado water rights supported by a planned $146 million phased investment.

The report also notes a strategic review of the Peak Rentals business, a risk and regulatory discussion spanning water, emissions, seismicity and climate rules, and a sustainability framework built around recycling-first operations, safety culture, human capital initiatives and community outreach, supported by a sustainability-linked credit facility and a workforce of about 3,300 employees as of year-end 2025.

Select Water Solutions reported fourth-quarter and full-year 2025 results showing stable earnings but lower net income as it accelerates infrastructure growth. Full-year 2025 revenue was $1.41 billion versus $1.45 billion in 2024, with net income of $21.5 million versus $35.5 million, while Adjusted EBITDA was essentially flat at $260.3 million versus $258.4 million.

Fourth-quarter 2025 revenue was $346.5 million, producing a net loss of $2.1 million but Adjusted EBITDA of $64.2 million, up from $56.2 million a year earlier. Water Infrastructure full-year revenue rose to $313 million and Chemical Technologies to $308 million, partly offsetting declines in Water Services.

The company is leaning into its Northern Delaware water network and new long-term produced water contracts, planning 2026 net capital expenditures of $175–$225 million and targeting first-quarter 2026 Adjusted EBITDA of $65–$68 million. Year-end 2025 liquidity was $163.6 million, supported by $320 million of borrowings on its sustainability-linked credit facility.

Select Water Solutions, Inc. Chief Accounting Officer Brian Szymanski reported equity compensation activity. On February 9, 2026, he acquired 12,981 shares of Class A common stock at $0.00 per share, earned from previously granted performance share units after performance goals were met.

On the same date, 6,247 shares were withheld at $12.96 per share to cover tax obligations arising from the vesting. After these transactions, Szymanski directly beneficially owned 116,744 shares of Select Water Solutions Class A common stock.

Select Water Solutions EVP & COO Michael Skarke reported equity compensation activity in Class A common stock. On February 9, 2026, he acquired 21,375 shares at $0.00, representing performance share units earned after performance conditions were satisfied from a February 24, 2023 award. On the same date, 8,914 shares were withheld at $12.96 per share to cover tax obligations arising from the PSU vesting. Following these transactions, he directly beneficially owned 430,184 Class A shares.

Select Water Solutions EVP, Business Strategy Cody Ortowski reported equity compensation activity involving Class A common stock. On February 9, 2026, he acquired 20,005 shares at $0.00 when performance share units granted in 2023 vested after meeting performance conditions.

On the same date, 8,393 shares were withheld at $12.96 per share to cover related tax obligations. After these transactions, he directly held 384,514 shares and indirectly beneficially owned 1,120,437 shares through Proactive Investments, LP.

Select Water Solutions EVP Michael Lyons reports PSU vesting and tax share withholding. On February 9, 2026, Lyons acquired 7,695 shares of Class A common stock at $0.00 per share from performance share units granted on February 24, 2023, after performance conditions were satisfied.

On the same date, 2,898 shares were withheld at $12.96 per share to cover tax obligations arising from the PSU vesting. Following these transactions, Lyons directly beneficially owns 111,023 shares of Select Water Solutions Class A common stock.

Select Water Solutions EVP & CFO George Christopher Kile reported equity compensation activity involving Class A Common Stock. On February 9, 2026, he acquired 18,634 shares at $0.00 per share from performance share units that vested after meeting performance conditions set in a February 24, 2023 award.

On the same date, 7,834 shares were disposed of at $12.96 per share to cover related tax withholding obligations. After these transactions, Kile directly beneficially owned 295,376 Class A shares of Select Water Solutions, Inc.

Select Water Solutions President & CEO John Schmitz reported plan-based stock sales and equity vesting activity in Class A common stock. On February 6 and 9, 2026, B-29 Investments, LP, an entity associated with him, sold 16,841 and 33,916 shares, respectively, at weighted average prices of $13.01 and $13.03 per share under a pre-arranged Rule 10b5-1 trading plan.

He was credited with 91,154 shares on February 9, 2026, upon earning performance share units granted on February 24, 2023, and 36,116 shares were withheld by the company to cover tax obligations tied to that vesting. Following these transactions, he reports 599,482 shares held directly and additional indirect holdings through B-29 Investments, annuity trusts, and multiple family trusts.

Select Water Solutions disclosed that a shareholder has filed a notice of proposed sale under Rule 144 for 300,000 shares of Class A common stock. These shares are to be sold through J.P. Morgan Securities LLC on the NYSE, with an indicated aggregate market value of $3,606,000.

The filing notes that there were 104,908,604 shares of Class A common stock outstanding at the time of the notice. It also lists multiple prior sales of Class A common stock over the past three months by various Schmitz-related trusts, including individual transactions such as 187,442 shares sold on 12/04/2025 for $2,089,978.30.