Select Water Solutions, Inc. (WTTR) received an updated ownership report from Crestview-affiliated entities. As of August 13, 2026, Crestview Partners II GP, L.P. may be deemed to beneficially own 8,774,073 Class A shares on an as-converted basis, representing 6.3% of the Class A Common Stock when including shares issuable upon redemption of Common LLC Units.
This total includes 1,666,372 Class A shares directly owned by Crestview Partners II SES Investment B, LLC (1.3%) and 7,107,701 Common Units of SES Holdings, LLC indirectly owned through Crestview Partners II SES Investment, LLC, which are redeemable one-for-one into Class A shares, paired with an equal number of Class B shares that would be canceled upon redemption. Percentages are based on 128,942,892 Class A shares outstanding and 9,537,941 Common Units redeemable into Class A shares as of August 3, 2026. Crestview Advisors, L.L.C. reports no beneficial ownership and each reporting person disclaims beneficial ownership beyond its pecuniary interest.
Positive
None.
Negative
None.
Key Figures
Crestview aggregate beneficial ownership:8,774,073 Class A sharesCrestview aggregate ownership percentage:6.3%Direct Class A shares held by Crestview II SES B:1,666,372 Class A shares+4 more
7 metrics
Crestview aggregate beneficial ownership8,774,073 Class A sharesBeneficial ownership for Crestview Partners II GP, L.P. as of August 13, 2026 on an as-converted basis
Crestview aggregate ownership percentage6.3%Percentage of Class A Common Stock beneficially owned by Crestview Partners II GP, L.P.
Direct Class A shares held by Crestview II SES B1,666,372 Class A sharesDirectly owned by Crestview Partners II SES Investment B, LLC, representing 1.3% of Class A
Common Units redeemable into Class A shares7,107,701 Common UnitsIndirectly owned by Crestview II SES through Legacy Holdings, redeemable one-for-one into Class A shares
Class B shares tied to Common Units7,107,701 Class B SharesIndirectly owned through Legacy Holdings and canceled upon full redemption of Common Units
WTTR Class A shares outstanding128,942,892 Class A sharesOutstanding as of August 3, 2026, per the issuer’s Form 10-Q
Total redeemable Common Units base9,537,941 Common UnitsIndirectly owned by Crestview II SES through Legacy Holdings and redeemable into Class A shares
Key Terms
beneficial ownership, Common Units, Class B Shares, pecuniary interest, +1 more
5 terms
beneficial ownershipfinancial
"Beneficial ownership reported in this reflects holdings as of August 13, 2026."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Common Unitsfinancial
"Common LLC Units ("Common Units") of SES Holdings, LLC ("SES Holdings"), a subsidiary of the Issuer"
Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.
Class B Sharesfinancial
"may also be deemed to beneficially own 7,107,701 shares of Class B Common Stock"
Class B shares are one type of a company’s stock that carries a specific set of rights — often different voting power or dividend rules compared with other classes. For investors, that affects influence over company decisions and potential income: owning Class B might mean fewer or more votes per share or different claim on profits, like having a different seat at a decision table or a different slice of the payout pie.
pecuniary interestfinancial
"Each reporting person disclaims beneficial ownership of the reported securities except and to the extent of its pecuniary interest"
shared voting powerfinancial
"Shared Voting Power 8,774,073.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
FAQ
What percentage of Select Water Solutions (WTTR) does Crestview report owning?
Crestview Partners II GP, L.P. reports beneficial ownership of 8,774,073 Class A shares, representing 6.3% of the Class A Common Stock when including shares issuable upon redemption of Common Units.
How many Select Water Solutions (WTTR) Class A shares does Crestview directly hold?
Crestview Partners II SES Investment B, LLC directly holds 1,666,372 Class A shares of Select Water Solutions, representing 1.3% of the Class A Common Stock based on the outstanding and redeemable share base disclosed.
What are the Common Units referenced in the WTTR Schedule 13G/A?
Crestview indirectly owns 7,107,701 Common Units of SES Holdings, LLC, each redeemable at Crestview’s election for one Class A share. Upon full redemption, an equal number of 7,107,701 Class B shares would be canceled.
What share count did Select Water Solutions (WTTR) use to calculate Crestview’s ownership percentages?
Ownership percentages are based on 128,942,892 Class A shares outstanding as of August 3, 2026 and 9,537,941 Common Units indirectly owned by Crestview II SES through Legacy Holdings that are redeemable one-for-one into Class A shares.
Does Crestview Advisors, L.L.C. report any beneficial ownership in WTTR?
Crestview Advisors, L.L.C. reports 0 shares beneficially owned and 0.00% of the class. It provides investment advisory and management services to certain Crestview entities but disclaims beneficial ownership beyond any pecuniary interest.
Do the Crestview entities disclaim any beneficial ownership in Select Water Solutions (WTTR)?
Yes. Each reporting person states it disclaims beneficial ownership of the reported securities except and to the extent of its pecuniary interest, clarifying that control is attributed through fund and holding structures.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 8)
Select Water Solutions, Inc.
(Name of Issuer)
Class A Common Stock, par value $0.01 per share
(Title of Class of Securities)
81617J301
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
81617J301
1
Names of Reporting Persons
Crestview Partners II GP, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
8,774,073.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
8,774,073.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
8,774,073.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.3 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: The total in Rows (6), (8), and (9) reflects holdings as of August 13, 2026, and includes the 7,107,701 shares of Class A Common Stock, par value $0.01 per share, of the Issuer ("Class A Shares") that would be issued in connection with a full redemption of the 7,107,701 Common LLC Units ("Common Units") of SES Holdings, LLC ("SES Holdings"), a subsidiary of the Issuer, that are indirectly owned by Crestview Partners II SES Investment, LLC ("Crestview II SES") through SES Legacy Holdings, LLC ("Legacy Holdings") and deemed to be beneficially owned by the Reporting Person. The Common Units are redeemable at the election of Legacy Holdings for newly-issued Class A Shares on a one-for-one basis. The Reporting Person may also be deemed to beneficially own 7,107,701 shares of Class B Common Stock, par value $0.01 per share, of the Issuer ("Class B Shares") that are indirectly owned by Crestview II SES through Legacy Holdings. The Class B Shares would be canceled upon a full redemption of the Common Units. Excluding Class A Shares that may be issued upon a redemption of the Common Units, the total number of Class A Shares deemed to be beneficially owned by the Reporting Person is 1,666,372 and the percentage of Class A Shares represented by such amount is 1.3%.
SCHEDULE 13G
CUSIP Number(s):
81617J301
1
Names of Reporting Persons
Crestview Partners II SES Investment B, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,666,372.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,666,372.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,666,372.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.3 %
12
Type of Reporting Person (See Instructions)
CO
Comment for Type of Reporting Person: The total in Rows (6), (8), and (9) reflects holdings as of August 13, 2026.
SCHEDULE 13G
CUSIP Number(s):
81617J301
1
Names of Reporting Persons
Crestview Partners II SES Investment, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
7,107,701.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
7,107,701.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
7,107,701.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.1 %
12
Type of Reporting Person (See Instructions)
CO
Comment for Type of Reporting Person: The total in Rows (6), (8), and (9) reflects holdings as of August 13, 2026, and represents the 7,107,701 Class A Shares that would be issued in connection with a full redemption of the 7,107,701 Common Units of SES Holdings, LLC, a subsidiary of the Issuer, that are indirectly owned by the Reporting Person through Legacy Holdings. The Common Units are redeemable at the election of the Reporting Person for newly-issued Class A Shares on a one-for-one basis. The Reporting Person also indirectly owns 7,107,701 Class B Shares through Legacy Holdings. The Class B Shares would be canceled upon a full redemption of the Common Units. The Reporting Person does not directly or indirectly own any Class A Shares other than Class A Shares that may be issued upon the redemption of the Common Units and related cancellation of the Class B Shares held through Legacy Holdings.
SCHEDULE 13G
CUSIP Number(s):
81617J301
1
Names of Reporting Persons
Crestview Advisors, L.L.C.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.00 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Select Water Solutions, Inc.
(b)
Address of issuer's principal executive offices:
1820 North I-35, Gainesville, TX 76240
Item 2.
(a)
Name of person filing:
See Item 2(b).
(b)
Address or principal business office or, if none, residence:
Crestview Partners II GP, L.P.
c/o Crestview Partners
590 Madison Avenue, 42nd Floor
New York, NY 10022
Crestview Partners II SES Investment B, LLC
c/o Crestview Partners
590 Madison Avenue, 42nd Floor
New York, NY 10022
Crestview Partners II SES Investment, LLC
c/o Crestview Partners
590 Madison Avenue, 42nd Floor
New York, NY 10022
Crestview Advisors, L.L.C.
c/o Crestview Partners
590 Madison Avenue, 42nd Floor
New York, NY 10022
(c)
Citizenship:
See Row (4) of each Reporting Person's cover page.
(d)
Title of class of securities:
Class A Common Stock, par value $0.01 per share
(e)
CUSIP No.:
81617J301
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
See Row (9) of each Reporting Person's cover page. Beneficial ownership reported in this Schedule 13G reflects holdings as of August 13, 2026.
Crestview Partners II GP, L.P. is the general partner of each of (i) Crestview Partners II, L.P., Crestview Partners II (TE), L.P., (which is the general partner of Crestview Holdings II (TE), L.P.) and Crestview Partners II (FF), L.P., each of which are direct or indirect members of Crestview II SES and (ii) Crestview Offshore Holdings II (Cayman), L.P., Crestview Offshore Holdings II (FF Cayman), L.P. and Crestview Offshore Holdings II (892 Cayman), L.P., each of which is a direct member of Crestview II SES B. Crestview Advisors, L.L.C. provides investment advisory and management services to certain of the foregoing entities.
Each of Crestview Partners II GP, L.P., Crestview Offshore Holdings II (Cayman), L.P., Crestview Offshore Holdings II (FF Cayman), L.P. and Crestview Offshore Holdings II (892 Cayman), L.P. may be deemed to have beneficial ownership of the 1,666,372 Class A Shares directly owned by Crestview II SES B.
Each of Crestview Partners II GP, L.P., Crestview Partners II, L.P., Crestview Partners II (TE), L.P., Crestview Holdings II (TE), L.P. and Crestview Partners II (FF), L.P. may be deemed to have beneficial ownership of the 7,107,701 Class B Shares and the 7,107,701 Common Units indirectly beneficially owned by Crestview II SES through Legacy Holdings.
The 7,107,701 Common Units indirectly owned by Crestview II SES through Legacy Holdings may be redeemed for Class A Shares upon the request of Crestview II SES on a one-for-one basis. The 7,107,701 Class B Shares directly owned by Crestview II SES through Legacy Holdings would be cancelled upon a full redemption of the 7,107,701 Common Units indirectly owned by Crestview II SES through Legacy Holdings for Class A Shares.
Each reporting person disclaims beneficial ownership of the reported securities except and to the extent of its pecuniary interest therein.
(b)
Percent of class:
See Row (11) of each Reporting Person's cover page. The percentages reported herein are based on (i) the 128,942,892 Class A Shares outstanding as of August 3, 2026, as reported in the Issuer's Form 10-Q filed August 5, 2026 and (ii) the 9,537,941 Common Units indirectly owned by Crestview II SES through Legacy Holdings as of August 3, 2026 which may be redeemed for Class A Shares upon the request of Crestview II SES on a one-for-one basis.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See Row (5) of each Reporting Person's cover page.
(ii) Shared power to vote or to direct the vote:
See Row (6) of each Reporting Person's cover page.
(iii) Sole power to dispose or to direct the disposition of:
See Row (7) of each Reporting Person's cover page.
(iv) Shared power to dispose or to direct the disposition of:
See Row (8) of each Reporting Person's cover page.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
Not Applicable
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
