Select Water Solutions Q2 revenue beats on Water Infrastructure segment growth

Select expects third-quarter adjusted EBITDA of $90–$94 million.

The company sees third-quarter Water Infrastructure revenue up 5%–10% from Q2, with margins of 56%–58%.

Select expects third-quarter Chemical Technologies revenue of $85–$90 million, with margins of 20%–21%.

• Water Infrastructure growth — The company said segment revenue rose due to increased produced water volumes handled and higher skim oil volumes and pricing.
• Chemical Technologies demand — Select said segment revenue and gross profit rose due to market share gains, increased completions intensity and complexity, and growing interest in surfactant technology.
• Infrastructure contracts — The company said a new minimum volume commitment contract and asset acquisitions supported infrastructure expansion and future growth.