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INCOME PER SHARE (Tables)

6 Months Ended

Jun. 30, 2026

Summary of calculation of basic and diluted earnings per share

The following tables present the Company’s calculation of basic and diluted earnings per share for the Current and Prior Quarter and the Current and Prior Period (dollars in thousands, except share and per share amounts):


	Three months ended June 30, 2026						Three months ended June 30, 2025

	Select Water Solutions, Inc.		Class A		Class B		Select Water Solutions, Inc.		Class A		Class B
Numerator:
Net income	$	22,562					$	11,671
Net income attributable to noncontrolling interests		(1,527)						(1,024)
Net income attributable to Select Water Solutions, Inc. — basic	$	21,035	$	21,035	$	—	$	10,647	$	10,647	$	—
Add: Reallocation of net income attributable to noncontrolling interests for the dilutive effect of restricted stock		22		22		—		9		9		—
Add: Reallocation of net income attributable to noncontrolling interests for the dilutive effect of performance units		24		24		—		18		18		—
Net income attributable to Select Water Solutions, Inc. — diluted	$	21,081	$	21,081	$	—	$	10,674	$	10,674	$	—
Denominator:
Weighted-average shares of common stock outstanding — basic				123,146,866		12,733,751				101,527,407		16,221,101
Dilutive effect of restricted stock				1,098,041		—				433,194		—
Dilutive effect of performance share units				1,171,489		—				900,075		—
Dilutive effect of stock options				16,355		—				—		—
Weighted-average shares of common stock outstanding — diluted				125,432,751		12,733,751				102,860,676		16,221,101
Income per share:
Basic			$	0.17	$	—			$	0.10	$	—
Diluted			$	0.17	$	—			$	0.10	$	—


	Six months ended June 30, 2026						Six months ended June 30, 2025

	Select Water Solutions, Inc.		Class A		Class B		Select Water Solutions, Inc.		Class A		Class B
Numerator:
Net income	$	31,994					$	21,231
Net income attributable to noncontrolling interests		(2,353)						(2,345)
Net income attributable to Select Water Solutions, Inc. — basic	$	29,641	$	29,641	$	—	$	18,886	$	18,886	$	—
Add: Reallocation of net income attributable to noncontrolling interests for the dilutive effect of restricted stock		39		39		—		29		29		—
Add: Reallocation of net income attributable to noncontrolling interests for the dilutive effect of performance units		44		44		—		36		36		—
Add: Reallocation of net income attributable to noncontrolling interests for the dilutive effect of stock options		1		1		—		2		2		—
Net income attributable to Select Water Solutions, Inc. — diluted	$	29,725	$	29,725	$	—	$	18,953	$	18,953	$	—
Denominator:
Weighted-average shares of common stock outstanding — basic				116,682,176		14,467,792				101,161,203		16,221,101
Dilutive effect of restricted stock				1,095,404		—				831,622		—
Dilutive effect of performance share units				1,254,894		—				1,024,541		—
Dilutive effect of stock options				21,908		—				42,933		—
Weighted-average shares of common stock outstanding — diluted				119,054,382		14,467,792				103,060,299		16,221,101
Income per share:
Basic			$	0.25	$	—			$	0.19	$	—
Diluted			$	0.25	$	—			$	0.18	$	—