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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue        
Total revenue $ 395,807 $ 364,215 $ 761,765 $ 738,599
Costs of revenue        
Depreciation, amortization and accretion 47,225 41,054 92,967 79,729
Total costs of revenue 318,966 306,462 619,644 625,076
Gross profit 76,841 57,753 142,121 113,523
Operating expenses        
Selling, general and administrative 41,178 38,935 81,729 76,367
Depreciation and amortization 1,209 1,918 2,330 2,843
Impairments and abandonments 239 1,477 5,947 2,625
Lease abandonment costs (129) (2) (197) 722
Total operating expenses 42,497 42,328 89,809 82,557
Income from operations 34,344 15,425 52,312 30,966
Other income (expense)        
Gain on sales of property and equipment and divestitures, net 164 6,503 569 7,868
Interest expense, net (5,021) (5,645) (10,928) (10,521)
Other 5 92 (306) 421
Income before income tax expense and equity in losses of unconsolidated entities 29,492 16,375 41,647 28,734
Income tax expense (6,360) (4,521) (8,793) (7,415)
Equity in losses of unconsolidated entities (570) (183) (860) (88)
Net income 22,562 11,671 31,994 21,231
Less: net income attributable to noncontrolling interests (1,527) (1,024) (2,353) (2,345)
Net income attributable to Select Water Solutions, Inc. 21,035 10,647 29,641 18,886
Water Infrastructure        
Revenue        
Total revenue 101,614 80,855 198,350 153,246
Costs of revenue        
Costs of revenue 42,419 36,211 84,771 69,704
Water Services        
Revenue        
Total revenue 198,153 215,660 389,384 441,308
Costs of revenue        
Costs of revenue 152,654 173,312 302,108 355,030
Chemical Technologies        
Revenue        
Total revenue 96,040 67,700 174,031 144,045
Costs of revenue        
Costs of revenue 76,668 55,885 139,798 120,613
Class A common stock        
Other income (expense)        
Net income attributable to Select Water Solutions, Inc. $ 21,035 $ 10,647 $ 29,641 $ 18,886
Net income per share attributable to common stockholders (Note 15):        
Basic $ 0.17 $ 0.1 $ 0.25 $ 0.19
Diluted $ 0.17 $ 0.1 $ 0.25 $ 0.18