Select Water Solutions at 17th Annual Midwest IDEAS Conference: growth shifts

Select Water Solutions (WTTR) showcased its transformation from a water-services provider to a broader water and chemical platform at the 17th Annual Midwest IDEAS Conference. The company reported record adjusted EBITDA of $93 million in the second quarter and record Chemical Technologies revenue of $96 million. Management highlighted the Water Infrastructure segment as the main growth engine, supported by long-term contracts and higher margins.

With a balance sheet featuring leverage of about 0.7x, the company has room for capital spending, dividends, and share repurchases. New growth areas include data center water services, mineral extraction royalties, and a $75 million Colorado water-rights investment. The company aims to keep shifting its mix toward higher-margin, contract-backed infrastructure assets, with Water Infrastructure accounting for about 50% of total profitability and Chemical Technologies for 16%.

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