Select Water Solutions
WTTRMarket price data through July 31, 2026.
Performance
Aug 2021 – Jul 2026
Track record
How this pick has done since Benson first called it.
- Benson Return
- 0%
- How much this stock is up since Benson first picked it — measured from the price at the time of that first pick, not from today.
- First pick price
- ~$19
- Roughly what one share cost when Benson first picked this stock. This is the starting line for the Benson Return.
- Tracking since
- August 2026
- The month this stock first became a Benson pick.
- Tracking duration
- 0 months
- How long Benson has been tracking this pick.
About Select Water Solutions
Every barrel of oil pulled from the ground brings several barrels of dirty water with it, and someone has to handle that water. Select Water Solutions gathers it, cleans it, recycles it back to customers and disposes of the rest. It is steadily turning that job from a service business into a pipeline network.
The case for and against
Both sides of the story, in plain English.
- Becoming A Utility
The infrastructure side of the business hit a record 96.7 million dollars last quarter, up almost 34 percent. It earns a 56 percent margin against about 22 percent for the older services work. As that segment grows, profits should rise faster than revenue even if drilling activity stays flat.
- Hard To Replace
The company owns more than 1,000 miles of pipeline, can recycle 2.8 million barrels of water a day and holds rights across more than 2.5 million acres. It recycled 332 million barrels last year, up 18 percent, and has passed 1 billion barrels since 2021. Once the pipe is in the ground, switching providers means rebuilding all of it.
- Thin Profits
Total revenue actually shrank about 3 percent and net margins are only 1.5 percent, so very little of what comes in the door becomes profit. The older services segment is still the largest part of the business and it rises and falls with drilling budgets.
- Cash Went Out
Operating cash flow was just 10.2 million dollars last quarter against 77.3 million dollars of construction spending, leaving free cash flow deeply negative. Much of that was unpaid customer bills that should be collected, but the company also sold new shares to fund the buildout, which diluted existing owners.
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How to read this page
This automated research summary uses Financial Modeling Prep market data through 2026-07-31. Model signals, scores, and risk labels can change and may be incomplete or wrong.
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