Jun 2026 (Q2 FY26) — Aug 5, 2026
Select Water Solutions Q2 FY26 — Record Revenue and Strong Growth Across Segments
Read the full callSelect Water Solutions earnings: last reported Wed, 5 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 396 | +8.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 8.7 | +4.4 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 21.0 | +97.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
1Y: $10.1 on 14 Oct 2025 → $18.2. High $22.26 (5 Aug 2026), low $9.4 (20 Nov 2025).
Overview
Call summaries
Select Water Solutions Q2 FY26 — Record Revenue and Strong Growth Across Segments
Read the full callEvery analysed call
Financials
Net profit, year on year: +98% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 371 | 349 | 374 | 364 | 322 | 347 | 366 | 396 |
| Operating profit | 25 | 3 | 16 | 15 | -2 | -0 | 18 | 34 |
| Operating margin | 6.6% | 0.8% | 4.2% | 4.2% | −0.6% | −0.1% | 4.9% | 8.7% |
| Interest | 2 | 2 | 5 | 6 | 6 | 7 | 6 | 5 |
| Profit before tax | 24 | 1 | 12 | 16 | 8 | -11 | 12 | 29 |
| Tax rate | 24.2% | 340.5% | 23.4% | 27.6% | 5.8% | 82.3% | 20.0% | 21.6% |
| Net profit | 16 | -2 | 8 | 11 | 3 | -0 | 9 | 21 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Reserves | 19 | 21 | -317 | -359 | -311 | -237 | -206 | -185 |
| Total liabilities | 250 | 235 | 169 | 255 | 339 | 326 | 451 | 669 |
| Fixed assets | 503 | 453 | 350 | 392 | 500 | 518 | 726 | 912 |
| Total assets | 1,361 | 1,348 | 875 | 950 | 1,223 | 1,218 | 1,366 | 1,596 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 232 | 204 | 106 | -16 | 33 | 285 | 235 | 215 |
| Cash from investing | -168 | -77 | -5 | -64 | -53 | -137 | -319 | -405 |
| Cash from financing | -49 | -65 | -11 | -3 | -58 | -98 | 47 | 188 |
| Net cash flow | 14 | 62 | 90 | -83 | -78 | 50 | -37 | -2 |
| Capital expenditure | -165 | -110 | -21 | -40 | -72 | -136 | -173 | -295 |
| Free cash flow | 67 | 94 | 85 | -56 | -39 | 149 | 62 | -80 |
100 filings between Nov 10, 2025 and Aug 15, 2026.
Purchases
None
No insider bought shares.
Sales
$119.51M
47 sales by 6 insiders
4% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Also filed: 2 conversions, 2 dispositions to the issuer, 2 gifts.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Crestview Partners II GP, L.P. | — | $108.30M | May 19, 2026 |
| Schmitz John | — | $7.28M | Feb 9, 2026 |
| Skarke Michael | — | $1.91M | May 12, 2026 |
| Burnett Richard Alan | — | $1.22M | May 15, 2026 |
| Fielder Robin H | — | $453.8K | May 8, 2026 |
| Szymanski Brian | — | $340.8K | May 11, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 15, 2026 | Lyons Michael James EVP, CSO & CTO | Tax withheld | 1,844 | $38.5K |
| Jul 16, 2026 | Schmitz John President & CEO | Award | 250,000 | $0 |
| Jul 2, 2026 | George Christopher Kile EVP & CFO | Tax withheld | 730 | $13.1K |
| May 19, 2026 | Crestview Partners II GP, L.P. 10% owner | Disposition to issuer | 2,632,760 | — |
| May 19, 2026 | Crestview Partners II GP, L.P. 10% owner | Conversion | 2,632,760 | — |
| May 19, 2026 | Crestview Partners II GP, L.P. 10% owner | Sale | 617,240 | $11.68M |
| May 19, 2026 | Crestview Partners II GP, L.P. 10% owner | Sale | 2,632,760 | $49.81M |
| May 15, 2026 | Burnett Richard Alan Director | Sale | 45,316 | $849.2K |
| May 14, 2026 | Burnett Richard Alan Director | Sale | 19,684 | $368.7K |
| May 12, 2026 | Skarke Michael EVP & COO | Sale | 20,000 | $355.6K |
| May 11, 2026 | Skarke Michael EVP & COO | Sale | 90,000 | $1.56M |
| May 11, 2026 | Szymanski Brian Chief Accounting Officer | Sale | 20,000 | $340.8K |
| May 8, 2026 | Fielder Robin H Director | Sale | 27,010 | $453.8K |
| May 6, 2026 | Burleson Gayle Director | Award | 9,446 | $0 |
| May 6, 2026 | Burnett Richard Alan Director | Award | 9,446 | $0 |
| May 6, 2026 | FERNANDEZ-MORENO LUIS M Director | Award | 9,446 | $0 |
| May 6, 2026 | Fielder Robin H Director | Award | 9,446 | $0 |
| May 6, 2026 | Roberts Timothy A. Director | Award | 9,446 | $0 |
| May 6, 2026 | Cope Bruce E. Director | Award | 9,446 | $0 |
| Apr 8, 2026 | Crestview Partners II GP, L.P. 10% owner | Sale | 665,983 | $10.07M |
| Apr 8, 2026 | Crestview Partners II GP, L.P. 10% owner | Disposition to issuer | 2,430,240 | — |
| Apr 8, 2026 | Crestview Partners II GP, L.P. 10% owner | Sale | 2,430,240 | $36.75M |
| Apr 8, 2026 | Crestview Partners II GP, L.P. 10% owner | Conversion | 2,430,240 | — |
| Apr 1, 2026 | WILSON ROBERT ALLEN SVP, General Counsel & CCO | Award | 25,552 | $0 |
| Apr 1, 2026 | WILSON ROBERT ALLEN SVP, General Counsel & CCO | Award | 24,138 | $0 |
| Mar 5, 2026 | Skarke Michael EVP & COO | Award | 29,450 | $0 |
| Mar 5, 2026 | Ortowski Cody EVP, Business Strategy | Tax withheld | 10,846 | $152.2K |
| Mar 5, 2026 | Ortowski Cody EVP, Business Strategy | Award | 27,561 | $0 |
| Mar 5, 2026 | Schmitz John President & CEO | Tax withheld | 49,420 | $693.4K |
| Mar 5, 2026 | Skarke Michael EVP & COO | Tax withheld | 11,589 | $162.6K |
| Mar 5, 2026 | Lyons Michael James EVP, CSO & CTO | Award | 10,602 | $0 |
| Mar 5, 2026 | Szymanski Brian Chief Accounting Officer | Tax withheld | 7,843 | $110.0K |
| Mar 5, 2026 | Lyons Michael James EVP, CSO & CTO | Tax withheld | 3,430 | $48.1K |
| Mar 5, 2026 | Szymanski Brian Chief Accounting Officer | Award | 17,885 | $0 |
| Mar 5, 2026 | George Christopher Kile EVP & CFO | Tax withheld | 10,103 | $141.7K |
| Mar 5, 2026 | George Christopher Kile EVP & CFO | Award | 25,674 | $0 |
| Mar 5, 2026 | Schmitz John President & CEO | Award | 125,590 | $0 |
| Feb 24, 2026 | Skarke Michael EVP & COO | Award | 38,394 | $0 |
| Feb 24, 2026 | Ortowski Cody EVP, Business Strategy | Award | 32,552 | $0 |
| Feb 24, 2026 | Lyons Michael James EVP, CSO & CTO | Tax withheld | 7,821 | $106.8K |
| Feb 24, 2026 | Lyons Michael James EVP, CSO & CTO | Award | 34,221 | $0 |
| Feb 24, 2026 | George Christopher Kile EVP & CFO | Tax withheld | 14,656 | $200.1K |
| Feb 24, 2026 | George Christopher Kile EVP & CFO | Award | 44,714 | $0 |
| Feb 24, 2026 | Szymanski Brian Chief Accounting Officer | Tax withheld | 11,022 | $150.5K |
| Feb 24, 2026 | Szymanski Brian Chief Accounting Officer | Award | 18,988 | $0 |
| Feb 24, 2026 | Ortowski Cody EVP, Business Strategy | Tax withheld | 14,694 | $200.6K |
| Feb 24, 2026 | Skarke Michael EVP & COO | Tax withheld | 15,701 | $214.3K |
| Feb 24, 2026 | Schmitz John President & CEO | Award | 143,084 | $0 |
| Feb 24, 2026 | Schmitz John President & CEO | Tax withheld | 66,952 | $913.9K |
| Feb 23, 2026 | Schmitz John President & CEO | Gift | 265,250 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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