Select Water Solutions (WTTR)


Market Price (8/19/2026): $21.07 | Market Cap: $2.6 BilSector: Energy | Industry: Oil & Gas Equipment & Services

Select Water Solutions (WTTR)


Market Price (8/19/2026): $21.07
Market Cap: $2.6 Bil
Sector: Energy
Industry: Oil & Gas Equipment & Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%

Low stock price volatility
Vol 12M is 49%

Megatrend and thematic drivers
Megatrends include Water Infrastructure, and US Energy Independence. Themes include Water Treatment & Delivery, Wastewater Management, Show more.

Trading close to highs
Dist 52W High is -4.9%, Dist 3Y High is -4.9%

Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 42x, P/EPrice/Earnings or Price/(Net Income) is 81x

Stock price has recently run up significantly
12M Rtn12 month market price return is 162%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.0%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.2%

Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -5.7%

Key risks
WTTR key risks include [1] a heavy dependence on volatile oil and gas activity, Show more.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%
1 Low stock price volatility
Vol 12M is 49%
2 Megatrend and thematic drivers
Megatrends include Water Infrastructure, and US Energy Independence. Themes include Water Treatment & Delivery, Wastewater Management, Show more.
3 Trading close to highs
Dist 52W High is -4.9%, Dist 3Y High is -4.9%
4 Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 42x, P/EPrice/Earnings or Price/(Net Income) is 81x
5 Stock price has recently run up significantly
12M Rtn12 month market price return is 162%
6 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.0%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.2%
7 Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -5.7%
8 Key risks
WTTR key risks include [1] a heavy dependence on volatile oil and gas activity, Show more.

WTTR in ETFs

Weight = WTTR's share of each fund

VTI0.00%
ITOT0.00%
IWM0.08%
AVUV0.22%
IWO0.14%
FNDA0.11%
VTWO0.07%
DFAS0.05%
+4 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 8/6/2026

Select Water Solutions (WTTR) stock has gained about 25% since 4/30/2026 because of the following key factors:

1. Exceptional Fiscal Q2 2026 Financial Performance Significantly Exceeded Expectations.

Select Water Solutions reported diluted earnings per share (EPS) of $0.17 for fiscal Q2 2026 (ended June 30, 2026), significantly surpassing the consensus estimate of $0.11 to $0.14 per share by 21% to 54.5%. Revenue for the quarter reached $395.8 million, also exceeding analyst estimates (ranging from $365.9 million to $373.33 million) and marking an 8.7% increase year-over-year compared to fiscal Q2 2025. The company's net income more than doubled sequentially to $23 million, and Adjusted EBITDA rose significantly to $93 million, well above its guidance range of $77 million to $80 million. This strong financial outperformance demonstrated robust operational execution and increased profitability.

2. Record Growth in Strategic Water Infrastructure and Chemical Technologies Segments.

The company experienced record revenue performance in its higher-margin Water Infrastructure and Chemical Technologies segments during fiscal Q2 2026. Water Infrastructure revenue reached $102 million, an increase of 26% year-over-year and 5% sequentially. Chemical Technologies also achieved record revenue of $96 million, representing a 23% sequential increase. This segment-specific growth was further bolstered by a new seven-year agreement in the Northern Delaware Basin, including the conveyance of 14 saltwater disposal wells and a planned 19-mile pipeline project, supported by a 128-million-barrel minimum volume commitment (MVC). This strategic expansion and increased revenue visibility contributed to investor confidence.

Show more
Updated on 8/6/2026

Select Water Solutions (WTTR) stock has gained about 25% since 4/30/2026 because of the following key factors:

1. Exceptional Fiscal Q2 2026 Financial Performance Significantly Exceeded Expectations.

Select Water Solutions reported diluted earnings per share (EPS) of $0.17 for fiscal Q2 2026 (ended June 30, 2026), significantly surpassing the consensus estimate of $0.11 to $0.14 per share by 21% to 54.5%. Revenue for the quarter reached $395.8 million, also exceeding analyst estimates (ranging from $365.9 million to $373.33 million) and marking an 8.7% increase year-over-year compared to fiscal Q2 2025. The company's net income more than doubled sequentially to $23 million, and Adjusted EBITDA rose significantly to $93 million, well above its guidance range of $77 million to $80 million. This strong financial outperformance demonstrated robust operational execution and increased profitability.

2. Record Growth in Strategic Water Infrastructure and Chemical Technologies Segments.

The company experienced record revenue performance in its higher-margin Water Infrastructure and Chemical Technologies segments during fiscal Q2 2026. Water Infrastructure revenue reached $102 million, an increase of 26% year-over-year and 5% sequentially. Chemical Technologies also achieved record revenue of $96 million, representing a 23% sequential increase. This segment-specific growth was further bolstered by a new seven-year agreement in the Northern Delaware Basin, including the conveyance of 14 saltwater disposal wells and a planned 19-mile pipeline project, supported by a 128-million-barrel minimum volume commitment (MVC). This strategic expansion and increased revenue visibility contributed to investor confidence.

3. Sustained Positive Analyst Sentiment and Multiple Price Target Upgrades.

Throughout the period, Select Water Solutions received positive endorsements from financial analysts, leading to multiple price target upgrades and a continued "Moderate Buy" or "Strong Buy" consensus rating. In May 2026, firms like Citigroup raised their price target from $18.00 to $24.00, Piper Sandler increased its target from $16.00 to $21.00, and Bank of America initiated coverage with a "buy" rating and a $22.00 price target. Although Raymond James later adjusted its rating from "Strong Buy" to "Outperform" in August 2026, it simultaneously raised its price target to $26.00 from $24.00, acknowledging the stock's significant appreciation had narrowed its valuation gap. The average analyst price target ranged around $22.40 to $22.50.

4. Positive Momentum from Strong Fiscal Q1 2026 Results and Key Insider Award.

Building on earlier positive news, the company's fiscal Q1 2026 earnings (reported May 5, 2026) delivered an EPS of $0.08, significantly beating the consensus estimate of $0.0388 by 106.19%, setting a positive tone for the period. This operational momentum was complemented by a significant insider "purchase (award)" of 375,000 shares valued at $7.44 million to President & CEO John Schmitz on July 16, 2026, indicating strong internal confidence and alignment of management's interests with shareholders'.

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Stock Movement Drivers

Fundamental Drivers

The 26.5% change in WTTR stock from 4/30/2026 to 8/18/2026 was primarily driven by a 48.2% change in the company's Net Income Margin (%).
(LTM values as of)43020268182026Change
Stock Price ($)16.6721.0926.5%
Change Contribution By: 
Total Revenues ($ Mil)1,4071,4311.6%
Net Income Margin (%)1.5%2.2%48.2%
P/E Multiple131.681.2-38.3%
Shares Outstanding (Mil)16712336.0%
Cumulative Contribution26.5%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 8/18/2026
ReturnCorrelation
WTTR26.5% 
Market (SPY)6.8%3.1%
Sector (XLE)6.8%24.8%

Fundamental Drivers

The 76.8% change in WTTR stock from 1/31/2026 to 8/18/2026 was primarily driven by a 58.1% change in the company's Net Income Margin (%).
(LTM values as of)13120268182026Change
Stock Price ($)11.9321.0976.8%
Change Contribution By: 
Total Revenues ($ Mil)1,4101,4311.5%
Net Income Margin (%)1.4%2.2%58.1%
P/E Multiple61.481.232.3%
Shares Outstanding (Mil)103123-16.8%
Cumulative Contribution76.8%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 8/18/2026
ReturnCorrelation
WTTR76.8% 
Market (SPY)11.2%9.1%
Sector (XLE)25.6%29.5%

Fundamental Drivers

The 125.1% change in WTTR stock from 7/31/2025 to 8/18/2026 was primarily driven by a 161.2% change in the company's P/E Multiple.
(LTM values as of)73120258182026Change
Stock Price ($)9.3721.09125.1%
Change Contribution By: 
Total Revenues ($ Mil)1,4601,431-2.0%
Net Income Margin (%)2.4%2.2%-7.4%
P/E Multiple31.181.2161.2%
Shares Outstanding (Mil)117123-5.0%
Cumulative Contribution125.1%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 8/18/2026
ReturnCorrelation
WTTR125.1% 
Market (SPY)22.4%21.4%
Sector (XLE)49.5%38.9%

Fundamental Drivers

The 172.1% change in WTTR stock from 7/31/2023 to 8/18/2026 was primarily driven by a 363.7% change in the company's P/E Multiple.
(LTM values as of)73120238182026Change
Stock Price ($)7.7521.09172.1%
Change Contribution By: 
Total Revenues ($ Mil)1,5091,431-5.2%
Net Income Margin (%)3.6%2.2%-37.3%
P/E Multiple17.581.2363.7%
Shares Outstanding (Mil)122123-1.2%
Cumulative Contribution172.1%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2023 to 8/18/2026
ReturnCorrelation
WTTR172.1% 
Market (SPY)73.6%33.0%
Sector (XLE)59.1%53.3%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
WTTR Return52%49%-16%79%-18%105%475%
Peers Return59%41%15%-8%36%17%279%
S&P 500 Return27%-19%24%23%16%13%106%

Monthly Win Rates [3]
WTTR Win Rate50%58%42%58%42%88% 
Peers Win Rate58%55%50%42%57%60% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
WTTR Max Drawdown-39%-38%-40%-17%-49%-16% 
Peers Max Drawdown-32%-42%-29%-31%-38%-32% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: TTI, HAL, SLB, ECL, LBRT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/18/2026 (YTD)

How Low Can It Go

EventWTTRS&P 500
2025 US Tariff Shock
  % Loss-41.9%-18.8%
  % Gain to Breakeven72.2%23.1%
  Time to Breakeven275 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-15.9%-9.5%
  % Gain to Breakeven18.9%10.5%
  Time to Breakeven105 days24 days
2023 SVB Regional Banking Crisis
  % Loss-37.4%-6.7%
  % Gain to Breakeven59.6%7.1%
  Time to Breakeven338 days31 days
2020 COVID-19 Crash
  % Loss-68.7%-33.7%
  % Gain to Breakeven219.3%50.9%
  Time to Breakeven352 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-49.2%-19.2%
  % Gain to Breakeven96.7%23.8%
  Time to Breakeven117 days105 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-15.4%-3.7%
  % Gain to Breakeven18.2%3.9%
  Time to Breakeven28 days6 days

Compare to TTI, HAL, SLB, ECL, LBRT

In The Past

Select Water Solutions's stock fell -41.9% during the 2025 US Tariff Shock. Such a loss loss requires a 72.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventWTTRS&P 500
2025 US Tariff Shock
  % Loss-41.9%-18.8%
  % Gain to Breakeven72.2%23.1%
  Time to Breakeven275 days79 days
2023 SVB Regional Banking Crisis
  % Loss-37.4%-6.7%
  % Gain to Breakeven59.6%7.1%
  Time to Breakeven338 days31 days
2020 COVID-19 Crash
  % Loss-68.7%-33.7%
  % Gain to Breakeven219.3%50.9%
  Time to Breakeven352 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-49.2%-19.2%
  % Gain to Breakeven96.7%23.8%
  Time to Breakeven117 days105 days

Compare to TTI, HAL, SLB, ECL, LBRT

In The Past

Select Water Solutions's stock fell -41.9% during the 2025 US Tariff Shock. Such a loss loss requires a 72.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Select Water Solutions (WTTR)

Select Water Solutions (WTTR) is a prominent oilfield services company dedicated to providing comprehensive water management and chemical solutions for the onshore oil and gas industry across the United States. The company operates through three core segments: Water Services, Water Infrastructure, and Oilfield Chemicals, each addressing distinct, yet interconnected, needs of its clients within the energy sector.

The Water Services segment delivers critical operational support, encompassing a wide array of water-related functions such as water transfer, flowback and well testing, containment, fluid hauling, and advanced water monitoring and automation. This segment also offers various on-site rental equipment and workforce accommodation. Complementing this, the Water Infrastructure segment focuses on the development, construction, and operation of semi-permanent and permanent pipeline systems, providing efficient and reliable solutions for transporting water to support large-scale oil and gas well development projects.

The third segment, Oilfield Chemicals, develops, manufactures, and supplies a specialized suite of chemicals and water treatment solutions essential for various stages of oil and gas operations, including hydraulic fracturing, stimulation, cementing, and production. These offerings range from polymers and friction reducers to surfactants and breakers, alongside production chemical solutions for well optimization and ancillary services like corrosion monitoring and lab support. Select Water Solutions primarily serves the onshore U.S. oil and gas industry, including pressure pumping service companies and other operators requiring robust water and chemical management for their exploration and production activities.

AI Analysis | Feedback

Here are 1-2 brief analogies to describe Select Water Solutions:

  • Like Ecolab for the oil and gas industry's unique water and chemical needs.

  • Similar to Kinder Morgan, but exclusively building and managing water pipelines and logistics for oil and gas drilling and production sites.

AI Analysis | Feedback

  • Field-Based Water Management Services: Provides comprehensive services including water transfer, flow back and well testing, containment, hauling, monitoring, and network automation for onshore oil and gas operations.
  • Water Infrastructure Development & Operations: Designs, builds, and operates semi-permanent and permanent pipeline solutions to support oil and gas well development.
  • Oilfield Chemical Solutions: Manufactures and supplies a diverse suite of chemicals and water treatment solutions for hydraulic fracturing, stimulation, cementing, and production.
  • Advanced Water Technology Solutions: Offers hydrographic mapping, remote monitoring, leak detection, and automated equipment services to optimize water management.
  • Production Chemical & Ancillary Services: Delivers specialized chemical solutions for underperforming wells and supporting services like corrosion monitoring and lab analysis.
  • On-Site Rental Equipment & Workforce Accommodation: Provides various rental equipment and housing solutions to support field operations.

AI Analysis | Feedback

Select Water Solutions (WTTR) sells primarily to other companies within the onshore oil and gas industry in the United States. The provided description does not list specific customer company names or their symbols. However, based on the company's services and segments, its major customers fall into the following categories:

  • Onshore Oil and Gas Operators (Exploration & Production - E&P Companies): These companies are engaged in the exploration, drilling, and production of oil and natural gas. Select Water Solutions' Water Services segment (providing water transfer, flow back, well testing, water containment, fluids hauling, water monitoring, water network automation, technology solutions, and rental equipment) and Water Infrastructure segment (developing and operating pipeline solutions) directly support the development and ongoing operations of these E&P companies' wells. The Oilfield Chemicals segment also offers production chemical solutions for underperforming wells, which would directly serve these operators.

  • Pressure Pumping Service Companies: These are specialized oilfield service companies that perform hydraulic fracturing and other well stimulation services. Select Water Solutions' Oilfield Chemicals segment explicitly states it develops, manufactures, and provides a suite of chemicals (such as polymers, viscosity modifiers, crosslinkers, friction reducers, surfactants, buffers, and breakers) specifically "to pressure pumping service companies" for use in hydraulic fracturing, stimulation, cementing, and well completions.

AI Analysis | Feedback

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AI Analysis | Feedback

John D. Schmitz, Chairman of the Board, President and Chief Executive Officer

Mr. Schmitz founded Select Water Solutions (originally Peak Oilfield Services, LLC) in 2007 and has served as Chairman of the Board since January 2020 and as President and Chief Executive Officer since January 2021. He previously founded Brammer Supply, Inc. in 1983, growing it into an integrated wellsite service provider. His initial oilfield services holding company, BSI Holdings, Inc., was recapitalized by the private equity firm SCF Partners in 2003. Mr. Schmitz also leads B-29 Family Holdings, LLC and B-29 Investments, LP, with B-29 Investments focusing on investments in oilfield services, exploration and production, and midstream infrastructure. Select Water Solutions also received early financial support from private equity firms such as Crestview Partners and SCF Partners.

Christopher K. George, Executive Vice President and Chief Financial Officer

Mr. George was appointed Executive Vice President and Chief Financial Officer in March 2024. He joined Select in January 2012, holding various roles including Senior Vice President, Corporate Development, Investor Relations & Sustainability, and Treasurer. Before joining Select, Mr. George spent several years in the Global Energy Investment Banking Group at UBS Investment Bank, where he specialized in public equity and debt capital raises and M&A advisory work within the energy industry. He has led over two dozen successful acquisitions for Select, contributing to the company's growth and strategic evolution.

Garrett W. Skarke, Executive Vice President and Chief Operating Officer

Mr. Skarke has served as Executive Vice President and Chief Operating Officer since April 2021. He has held various positions for the company since June 2009, including Vice President of Water Solutions from 2013 to 2017 and Treasurer from 2012 to 2013.

Michael J. Lyons, Executive Vice President and Chief Strategy Officer, Chief Technology Officer

Mr. Lyons has served as Executive Vice President and Chief Strategy Officer since August 2023, responsible for developing and coordinating overall corporate and segment strategies. In January 2024, he also assumed the role of Chief Technology Officer, overseeing corporate IT platforms, cybersecurity, data engineering & analytics, field operating technology, ticketing systems, and the company's research and development program.

David V. Ortowski, Executive Vice President, Business and Regulatory Affairs

Mr. Ortowski has served as Executive Vice President, Business and Regulatory Affairs since the Rockwater Merger in November 2017. Prior to the merger, he served as President of Select (incorporated in 2016) and President of SES Holdings since September 2014. He joined SES Holdings' predecessor in 2007 and was promoted to Executive Vice President and Chief Operating Officer in 2011. Mr. Ortowski co-founded Impact Energy Services, LLC, a water transfer company, which was later acquired by Select.

AI Analysis | Feedback

The key risks to Select Water Solutions' (WTTR) business are primarily linked to its deep ties to the highly cyclical oil and gas industry, significant environmental liabilities and regulatory scrutiny, and intense competitive pressures.

  1. Dependence on the Volatile Oil and Gas Industry: Select Water Solutions' financial performance is heavily reliant on the activity levels and capital spending of its customers in the onshore oil and gas industry in the United States. The oil and gas sector is characterized by cyclical demand and fluctuating commodity prices, which directly impact drilling and production activities. Reductions in capital spending by oil and gas companies, or a sustained decline in oil and gas prices, could significantly reduce demand for WTTR's water management and chemical solutions, thereby negatively affecting its revenue and cash flows.
  2. Environmental Liabilities and Stringent Regulations: Operating in the oilfield services sector, Select Water Solutions is exposed to substantial environmental concerns and stringent regulations. The company faces potential liabilities associated with incidents such as chemical spills, pipeline ruptures, and other operational hazards. Failure to comply with environmental regulations or effectively manage environmental risks could lead to significant fines, legal liabilities, and reputational damage. Additionally, restrictions on water procurement or changes in disposal requirements could also reduce demand for their services.
  3. Intense Competition and Market Fragmentation: Select Water Solutions operates in a highly fragmented market with a diverse range of competitors, including large midstream companies, private water midstream companies, and exploration and production (E&P) customers that have invested in their own water infrastructure. This intense competition, coupled with the potential for new market entrants or customers developing in-house water management solutions, poses a threat to WTTR's revenue and cash flows by potentially leading to reduced service prices or difficulties in maintaining and expanding operations.

AI Analysis | Feedback

The accelerating global energy transition towards renewable energy sources and away from fossil fuels represents a clear emerging threat. As governments and industries worldwide prioritize decarbonization and invest in alternatives like solar, wind, and electric vehicles, the long-term demand for onshore oil and gas exploration and production in the United States may decline. This shift could significantly reduce the need for Select Water Solutions' water management, water infrastructure, and oilfield chemical services, which are entirely dependent on the activity levels of the oil and gas industry.

AI Analysis | Feedback

Select Water Solutions (NYSE: WTTR) operates in the significant North American oil and gas water management and oilfield chemicals markets.

The addressable market for the company's water management services and infrastructure in the U.S. is substantial. The U.S. midstream water market for oil and gas is projected to reach a total of US$156 billion between 2025 and 2030, with an average of over US$26 billion per year. This market encompasses critical services such as water supply, transport, storage, treatment, and disposal, which are pivotal for oil and gas well completion. Another report indicates that the United States Oil and Gas Water Management Services Market was valued at USD 7.2 billion in 2025, with North America being the largest market, holding approximately 45% of the global market share. The oil and gas water management services market in North America is projected to expand at a Compound Annual Growth Rate (CAGR) exceeding 8.3%. Produced water management constitutes a significant portion of this market.

For the Oilfield Chemicals segment, the market also represents a considerable opportunity. The global oilfield chemicals market size was estimated at USD 29.86 billion in 2025. North America held a dominant share of the global oilfield chemicals market, with its market share estimated at 55.90% in 2025. The U.S. market specifically is projected to reach an estimated value of USD 12.52 billion by 2032. Another source indicates the North American Oilfield Chemicals Market was valued at USD 13.01 billion in 2025 and is projected to reach USD 20.71 billion by 2035, growing at a CAGR of 4.6%. The U.S. market itself is expected to reach USD 12.91 billion by 2035. The U.S. accounts for a significant portion of the North America oilfield chemicals market, driven by extensive shale drilling and production activities.

AI Analysis | Feedback

Select Water Solutions (WTTR) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:

  1. Expansion of Water Infrastructure Segment: The company anticipates significant growth within its Water Infrastructure segment, with projections of 20% to 25% year-over-year revenue growth in 2026. This growth is fueled by developing, building, and operating semi-permanent and permanent pipeline infrastructure solutions, alongside increased disposal and waste solution volumes. The Water Infrastructure segment is expected to be a primary contributor to overall growth, with management targeting it to account for over 60% of consolidated gross profit within the next 24 months.
  2. Strategic Acquisitions and Organic Growth in Infrastructure: Select Water Solutions is actively expanding its operational footprint through strategic acquisitions of infrastructure assets, including disposal wells, pipelines, and landfill capacity, in key North American basins such as the Permian, Haynesville, Rockies, and Bakken. These acquisitions are complemented by securing new, long-term contracts for water infrastructure projects, demonstrating a commitment to broadening its service offerings and geographical presence.
  3. Growth and Innovation in Chemical Technologies: The Chemical Technologies segment is a strong contributor to revenue growth, having reported a 19% year-over-year revenue growth in Q4 2025. The company expects this segment to deliver a similar revenue profile in 2026 with improved margins. Growth is driven by increased demand and market share gains from new product enhancements, including specialized friction reducers and surfactants critical for complex hydraulic fracturing and completion designs.
  4. Increased Focus on Water Recycling and Sustainable Solutions: Select Water Solutions is committed to sustainable water management, setting ambitious targets for increasing recycled produced water volumes. For example, a 14% target increase in recycled produced water volumes at fixed facilities is set for 2025, with further annual increases planned. This emphasis on efficient water use, treatment, and recycling aims to boost efficiency and reduce environmental impact for energy companies, driving demand for their integrated solutions.
  5. Diversification into New Markets: The company is exploring and entering new adjacent markets, such as a strategic partnership for lithium extraction in the Haynesville and Permian regions. This initiative is anticipated to begin contributing initial royalty revenues by early 2027, marking a potential new avenue for revenue generation and diversification beyond traditional oil and gas water management.

AI Analysis | Feedback

Share Repurchases

  • In full year 2025, Select Water Solutions made $7.3 million in Class A share repurchases related to net settlements for minimum tax withholding on incentive equity vestings.

Share Issuance

  • In February 2026, Select Water Solutions completed a public offering of its Class A common stock, including the full exercise of the underwriters' option, resulting in aggregate gross proceeds of approximately $201.25 million.
  • The offering involved pricing 13.7 million shares at $12.75 per share, with net proceeds intended for general corporate purposes, including water infrastructure growth projects, potential acquisitions, or debt repayment.

Outbound Investments

  • During 2025, Select Water Solutions completed multiple strategic acquisitions, including additional disposal facilities in the Permian and Northeast regions, and a Bakken solids and landfill platform from Omni Environmental Solutions.
  • In January 2024, the company acquired strategic water infrastructure assets in the Haynesville Shale and Rockies, focused on disposal capacity, for $90 million.
  • The company formed AV Farms, supported by a planned $146 million phased investment for 16,300 acre-feet of senior annual Colorado water rights.

Capital Expenditures

  • Net capital expenditures for the full year 2025 were $279.3 million, a significant increase from $157.3 million in 2024.
  • For 2026, anticipated net capital expenditures are projected to be between $175 million and $225 million, which includes approximately $50 million to $60 million for maintenance.
  • The primary focus of these capital expenditures is on water infrastructure growth projects, particularly the ongoing build-out and expansion of the Northern Delaware Basin network, including new facilities and pipeline projects.

Better Bets vs. Select Water Solutions (WTTR)

Peer Outperformance in Oil & Gas Equipment & Services

WTTR has outperformed 76% of its 33 Oil & Gas Equipment & Services peers over 5Y. Oil & Gas Equipment & Services ranks 6th of 7 industries in Energy by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Oil & Gas Equipment & Services constituents that WTTR has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
92%
of 39 industry peers · 161.9% return
3Y
70%
of 37 industry peers · 171.1% return
5Y
76%
of 33 industry peers · 338.3% return
No Oil & Gas Equipment & Services peer with a comparable growth profile has beaten WTTR by more than 20pp over 5Y.
Median price return by industry across the Energy sector, ranked by 5Y. Oil & Gas Equipment & Services is WTTR's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Oil & Gas Refining & Marketing 11 123.8%129.5%405.6% PBF 1037% · MPC 651% · VLO 578%
Integrated Oil & Gas 7 54.3%66.0%274.1% IMO 529% · CVE 399% · SU 380%
Oil & Gas Storage & Transportation 18 40.1%118.1%256.2% INSW 894% · LPG 806% · TRGP 705%
Coal & Consumable Fuels 14 27.8%63.7%196.3% EU 973% · LEU 668% · CCJ 522%
Oil & Gas Exploration & Production 51 29.5%6.1%144.1% KGEI 10275% · OBE 7023% · EP 2763%
Oil & Gas Equipment & Services ← 34 64.8%40.8%142.2% FTI 1210% · SEI 968% · TDW 815%
Oil & Gas Drilling 7 87.9%-2.9%121.4% VAL 259% · PDS 205% · NE 143%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

WTTRTTIHALSLBECLLBRTMedian
NameSelect W.Tetra Te.Hallibur.SLB Ecolab Liberty . 
Mkt Price21.097.9834.6653.21280.0021.2927.97
Mkt Cap2.61.129.079.378.63.516.2
Rev LTM1,43164222,37336,36616,8424,19610,519
Op Inc LTM60472,9394,9843,046561,499
FCF LTM-82-151,7254,5541,874-317855
FCF 3Y Avg21-22,0804,5161,84171956
CFO LTM234712,7506,5333,0573881,569
CFO 3Y Avg249643,3916,5452,8617171,789

Growth & Margins

WTTRTTIHALSLBECLLBRTMedian
NameSelect W.Tetra Te.Hallibur.SLB Ecolab Liberty . 
Rev Chg LTM-2.0%5.7%0.6%2.5%7.1%2.3%2.4%
Rev Chg 3Y Avg-3.2%2.1%-0.0%5.4%4.5%-4.7%1.0%
Rev Chg Q8.7%6.8%3.7%5.0%9.7%14.0%7.7%
QoQ Delta Rev Chg LTM2.3%1.9%0.9%1.2%2.4%3.6%2.1%
Op Inc Chg LTM-4.8%-24.5%-14.4%-17.2%12.1%-70.8%-15.8%
Op Inc Chg 3Y Avg-7.9%7.7%-7.7%1.0%17.8%-55.3%-3.3%
Op Mgn LTM4.2%7.3%13.1%13.7%18.1%1.3%10.2%
Op Mgn 3Y Avg4.0%8.0%15.4%15.9%17.0%6.3%11.7%
QoQ Delta Op Mgn LTM1.2%-0.6%-0.3%-0.7%-0.0%-0.4%-0.4%
CFO/Rev LTM16.4%11.0%12.3%18.0%18.1%9.3%14.3%
CFO/Rev 3Y Avg17.0%10.3%15.0%18.4%17.8%16.7%16.8%
FCF/Rev LTM-5.7%-2.4%7.7%12.5%11.1%-7.5%2.7%
FCF/Rev 3Y Avg1.3%-0.3%9.2%12.7%11.5%1.5%5.3%

Valuation

WTTRTTIHALSLBECLLBRTMedian
NameSelect W.Tetra Te.Hallibur.SLB Ecolab Liberty . 
Mkt Cap2.61.129.079.378.63.516.2
P/S1.81.71.32.24.70.81.8
P/Op Inc43.623.89.915.925.862.124.8
P/EBIT42.425.011.917.926.618.521.7
P/E81.2178.718.125.637.128.332.7
P/CFO11.115.710.512.125.78.911.6
Total Yield2.6%0.6%7.5%6.0%3.7%5.2%4.5%
Dividend Yield1.4%0.0%2.0%2.1%1.0%1.7%1.5%
FCF Yield 3Y Avg3.2%0.3%8.8%7.7%2.5%3.8%3.5%
D/E0.10.20.30.20.20.50.2
Net D/E0.10.10.20.10.10.30.1

Returns

WTTRTTIHALSLBECLLBRTMedian
NameSelect W.Tetra Te.Hallibur.SLB Ecolab Liberty . 
1M Rtn4.1%-13.8%-1.6%13.2%2.6%-10.7%0.5%
3M Rtn5.6%-22.7%-19.0%-5.8%14.3%-35.5%-12.4%
6M Rtn60.2%-26.3%3.8%7.3%-7.3%-19.7%-1.8%
12M Rtn161.9%90.9%66.3%64.2%1.0%98.6%78.6%
3Y Rtn171.1%52.0%-5.9%-1.1%61.1%38.1%45.0%
1M Excs Rtn0.3%-13.4%-4.6%11.4%0.9%-14.9%-2.1%
3M Excs Rtn4.3%-27.8%-22.5%-10.3%8.8%-39.3%-16.4%
6M Excs Rtn47.9%-38.7%-8.6%-5.1%-19.7%-32.1%-14.2%
12M Excs Rtn152.6%84.3%48.7%46.4%-18.5%78.5%63.6%
3Y Excs Rtn102.1%-22.3%-81.2%-76.0%-15.6%-37.9%-30.1%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Water Services7969101,036948508
Water Infrastructure31629423513046
Chemical Technologies309261324318216
Other00000
Eliminations-14-13-10-9-5
Total1,4071,4521,5851,387765


Operating Income by Segment
$ Mil20232022202120182017
Water Services8449-23  
Water Infrastructure4122-0  
Chemical Technologies22 2  
Eliminations0 0  
Other-0-0-0  
Corporate-86-58-44-39-42
Oilfield Chemicals 28 -71
Water Solutions   11417
Wellsite Services   -6-7
Total6139-6662-30


Assets by Segment
$ Mil20252024202320222021
Water Infrastructure930653365420230
Water Services436506630609533
Chemical Technologies149137152  
Other817071117
Oilfield Chemicals   183181
Total1,5961,3661,2181,223950


Price Behavior

Price Behavior
Market Price$21.09 
Market Cap ($ Bil)2.7 
First Trading Date04/21/2017 
Distance from 52W High-4.9% 
   50 Days200 Days
DMA Price$19.38$14.97
DMA Trendupup
Distance from DMA8.8%40.8%
 3M1YR
Volatility59.8%49.4%
Downside Capture-73.018.65
Upside Capture-33.94117.82
Correlation (SPY)1.5%21.5%
WTTR Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta0.300.470.370.440.910.99
Up Beta3.860.030.240.220.470.84
Down Beta-0.091.411.071.061.551.59
Up Capture-112%35%35%74%126%66%
Bmk +ve Days11223567138427
Stock +ve Days12253674135391
Down Capture-3%15%-9%-21%53%87%
Bmk -ve Days11212859114326
Stock -ve Days9172650112351

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with WTTR
WTTR173.0%49.4%2.18-
Sector ETF (XLE)52.6%21.7%1.8637.8%
Equity (SPY)20.4%12.8%1.1721.3%
Gold (GLD)29.8%28.5%0.9114.7%
Commodities (DBC)40.2%20.2%1.5629.0%
Real Estate (VNQ)13.1%13.9%0.658.7%
Bitcoin (BTCUSD)-45.4%42.7%-1.3015.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with WTTR
WTTR33.9%50.0%0.76-
Sector ETF (XLE)25.0%25.8%0.8562.0%
Equity (SPY)13.1%17.2%0.5931.5%
Gold (GLD)19.8%18.6%0.8710.3%
Commodities (DBC)9.8%19.6%0.3944.4%
Real Estate (VNQ)2.4%18.9%0.0222.1%
Bitcoin (BTCUSD)7.1%52.6%0.3212.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with WTTR
WTTR5.2%61.1%0.34-
Sector ETF (XLE)10.7%29.6%0.4062.8%
Equity (SPY)15.2%17.9%0.7234.6%
Gold (GLD)12.1%16.2%0.613.1%
Commodities (DBC)7.8%18.1%0.3542.3%
Real Estate (VNQ)4.8%20.7%0.2027.3%
Bitcoin (BTCUSD)59.9%66.0%1.0010.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date7312026
Short Interest: Shares Quantity5.5 Mil
Short Interest: % Change Since 7152026-6.1%
Average Daily Volume1.7 Mil
Days-to-Cover Short Interest3.2 days
Basic Shares Quantity123.1 Mil
Short % of Basic Shares4.4%

Earnings Returns History

Updated 8/13/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/4/202620.3%14.5% 
5/5/20261.2%4.6%11.4%
2/17/20268.7%2.9%9.4%
11/10/20251.0%-11.5%3.4%
8/6/2025-1.7%-3.4%-2.8%
5/6/2025-11.4%5.2%4.5%
2/18/2025-5.4%-8.7%-24.3%
11/5/202425.5%24.7%31.2%
...
SUMMARY STATS   
# Positive161413
# Negative91111
Median Positive3.5%7.7%11.0%
Median Negative-5.4%-6.7%-2.8%
Max Positive25.5%24.8%31.9%
Max Negative-11.4%-11.5%-25.0%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/4/202620.3%14.5% 
5/5/20261.2%4.6%11.4%
2/17/20268.7%2.9%9.4%
11/10/20251.0%-11.5%3.4%
8/6/2025-1.7%-3.4%-2.8%
5/6/2025-11.4%5.2%4.5%
2/18/2025-5.4%-8.7%-24.3%
11/5/202425.5%24.7%31.2%
7/31/20243.2%-6.7%-2.5%
4/30/2024-1.3%0.3%16.2%
2/20/202415.7%10.1%15.7%
10/31/20231.9%-2.2%1.1%
8/3/20230.4%-2.4%-1.8%
5/3/20232.1%5.3%8.1%
2/21/2023-10.9%-7.2%-25.0%
11/2/2022-0.3%1.5%-12.4%
8/2/2022-4.5%-6.4%-0.7%
5/3/20223.8%-8.5%5.5%
2/22/202213.9%13.2%22.2%
11/2/20218.9%24.8%-1.3%
8/3/2021-10.2%-9.3%-7.5%
5/5/20211.8%1.2%11.0%
2/23/20210.2%-4.7%-21.2%
11/3/2020-9.6%16.1%31.9%
8/4/20205.7%23.6%-1.9%
SUMMARY STATS   
# Positive161413
# Negative91111
Median Positive3.5%7.7%11.0%
Median Negative-5.4%-6.7%-2.8%
Max Positive25.5%24.8%31.9%
Max Negative-11.4%-11.5%-25.0%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/05/202610-Q
03/31/202605/06/202610-Q
12/31/202502/18/202610-K
09/30/202511/05/202510-Q
06/30/202508/06/202510-Q
03/31/202505/07/202510-Q
12/31/202402/19/202510-K
09/30/202411/06/202410-Q
06/30/202407/31/202410-Q
03/31/202405/01/202410-Q
12/31/202302/21/202410-K
09/30/202311/01/202310-Q
06/30/202308/03/202310-Q
03/31/202305/03/202310-Q
12/31/202202/22/202310-K
09/30/202211/03/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/05/202610-Q
03/31/202605/06/202610-Q
12/31/202502/18/202610-K
09/30/202511/05/202510-Q
06/30/202508/06/202510-Q
03/31/202505/07/202510-Q
12/31/202402/19/202510-K
09/30/202411/06/202410-Q
06/30/202407/31/202410-Q
03/31/202405/01/202410-Q
12/31/202302/21/202410-K
09/30/202311/01/202310-Q
06/30/202308/03/202310-Q
03/31/202305/03/202310-Q
12/31/202202/22/202310-K
09/30/202211/03/202210-Q
06/30/202208/03/202210-Q
03/31/202205/04/202210-Q
12/31/202102/23/202210-K
09/30/202111/03/202110-Q
06/30/202108/04/202110-Q
03/31/202105/05/202110-Q
12/31/202002/24/202110-K
09/30/202011/04/202010-Q
06/30/202008/05/202010-Q
03/31/202005/06/202010-Q
12/31/201902/25/202010-K
09/30/201911/07/201910-Q

Recent Forward Guidance

Updated 8/5/2026

Latest: Q2 2026 Earnings Reported 8/4/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q3 2026 Adjusted EBITDA90.00 Mil92.00 Mil94.00 Mil  Higher NewActual: 78.50 Mil for Q2 2026
Q3 2026 Water Infrastructure Revenue Growth5.0%7.5%10.0%   
Q3 2026 Water Infrastructure Gross Margin56.0%57.0%58.0%   
Q3 2026 Water Services Gross Margin21.0%21.5%22.0% 0.5%Higher NewActual: 21.0% for Q2 2026
Q3 2026 Chemical Technologies Revenue85.00 Mil87.50 Mil90.00 Mil   
Q3 2026 Chemical Technologies Gross Margin20.0%20.5%21.0% 0.0%Same NewActual: 20.5% for Q2 2026
2026 Net Capital Expenditures250.00 Mil270.00 Mil290.00 Mil20.0% RaisedGuidance: 225.00 Mil for 2026
2027 Project Cost25.00 Mil27.50 Mil30.00 Mil   

Prior: Q1 2026 Earnings Reported 5/5/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q2 2026 Adjusted EBITDA77.00 Mil78.50 Mil80.00 Mil   
Q2 2026 Chemical Technologies Revenue Growth10.0%12.5%15.0%   
Q2 2026 Chemical Technologies Gross Margin20.0%20.5%21.0%   
Q2 2026 Water Services Gross Margin20.0%21.0%22.0%   
2026 Water Infrastructure Revenue Growth25.0%27.5%30.0% 5.0%RaisedGuidance: 22.5% for 2026
2026 Net Capital Expenditures200.00 Mil225.00 Mil250.00 Mil12.5% RaisedGuidance: 200.00 Mil for 2026
2026 Capital Expenditures32.00 Mil33.50 Mil35.00 Mil   

Q4 2025 Earnings Reported 2/17/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2026 Water Infrastructure Revenue Growth7.0%8.5%10.0%-15.0%-1.5%Lower NewGuidance: 10.0% for Q4 2025
Q1 2026 Adjusted EBITDA65.00 Mil66.50 Mil68.00 Mil7.3% Higher NewGuidance: 62.00 Mil for Q4 2025
Q1 2026 Chemical Technologies Revenue75.00 Mil77.50 Mil80.00 Mil   
2026 Water Infrastructure Revenue Growth20.0%22.5%25.0%12.5%2.5%RaisedGuidance: 20.0% for 2026
2026 Capital Expenditures175.00 Mil200.00 Mil225.00 Mil-23.8% Lower NewGuidance: 262.50 Mil for 2025
2026 SG&A Reduction0.050.070.1   

Q3 2025 Earnings Reported 11/10/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q4 2025 Water Infrastructure Revenue Growth 10.0%  0AffirmedGuidance: 10.0% for Q4 2025
Q4 2025 Water Services Revenue Growth-5.0%-3.5%    
Q4 2025 Water Services Gross Margin19.0%19.5%    
Q4 2025 Chemical Technologies Gross Margin18.0%19.0%    
Q4 2025 Adjusted EBITDA60.00 Mil62.00 Mil    
2025 Capital Expenditures250.00 Mil262.50 Mil 10.5% RaisedGuidance: 237.50 Mil for 2025
2026 Water Infrastructure Revenue Growth 20.0%  0AffirmedGuidance: 20.0% for 2026

Insider Activity

Updated 8/18/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Crestview, Partners II Gp, LPSee FootnotesSell521202618.923,250,000  Form
2Burnett, Richard AlanDirectSell518202618.7445,316849,2221,341,372Form
3Burnett, Richard AlanDirectSell518202618.7319,684368,6812,189,425Form
4Skarke, MichaelEVP & COODirectSell512202617.7820,000355,6006,413,922Form
5Szymanski, BrianChief Accounting OfficerDirectSell512202617.0420,000340,8001,955,374Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Crestview, Partners II Gp, LPSee FootnotesSell521202618.923,250,000  Form
2Burnett, Richard AlanDirectSell518202618.7445,316849,2221,341,372Form
3Burnett, Richard AlanDirectSell518202618.7319,684368,6812,189,425Form
4Skarke, MichaelEVP & COODirectSell512202617.7820,000355,6006,413,922Form
5Szymanski, BrianChief Accounting OfficerDirectSell512202617.0420,000340,8001,955,374Form
6Skarke, MichaelEVP & COODirectSell512202617.3190,0001,557,9006,590,575Form
7Fielder, Robin HDirectSell508202616.8027,010453,768727,692Form
8Crestview, Partners II Gp, LPSee FootnotesSell409202615.123,096,223  Form
9Schmitz, JohnPresident & CEOB-29 Investments, LPSell210202613.0333,916441,9253,247,636Form
10Schmitz, JohnPresident & CEOB-29 Investments, LPSell210202613.0116,841219,1013,683,899Form
11Schmitz, JohnPresident & CEOFamily TrustSell1208202511.2162,480700,40116,777,177Form
12Schmitz, JohnPresident & CEOFamily Trust for Child 1Sell1208202511.211,31614,752351,680Form
13Schmitz, JohnPresident & CEOFamily Trust for Child 2Sell1208202511.211,31614,752351,691Form
14Schmitz, JohnPresident & CEOFamily Trust for Child 3Sell1208202511.211,31614,752351,691Form
15Schmitz, JohnPresident & CEOFamily Trust for Child 4Sell1208202511.211,31614,752351,680Form
16Schmitz, JohnPresident & CEOFamily Trust for Child 5Sell1208202511.211,31614,752351,691Form
17Schmitz, JohnPresident & CEOFamily Trust for Child 6Sell1208202511.211,31514,741351,691Form
18Schmitz, JohnPresident & CEOFamily TrustSell1208202511.15187,4422,089,97817,384,032Form
19Schmitz, JohnPresident & CEOFamily Trust for Child 1Sell1208202511.153,94643,998364,460Form
20Schmitz, JohnPresident & CEOFamily Trust for Child 2Sell1208202511.153,94643,998364,471Form
21Schmitz, JohnPresident & CEOFamily Trust for Child 3Sell1208202511.153,94643,998364,471Form
22Schmitz, JohnPresident & CEOFamily Trust for Child 4Sell1208202511.153,94643,998364,460Form
23Schmitz, JohnPresident & CEOFamily Trust for Child 5Sell1208202511.153,94643,998364,471Form
24Schmitz, JohnPresident & CEOFamily Trust for Child 6Sell1208202511.153,94643,998364,471Form
25Schmitz, JohnPresident & CEOFamily TrustSell1113202511.048,45393,32119,281,890Form
26Schmitz, JohnPresident & CEOFamily Trust for Child 1Sell1113202511.041781,965404,428Form
27Schmitz, JohnPresident & CEOFamily Trust for Child 2Sell1113202511.041781,965404,439Form
28Schmitz, JohnPresident & CEOFamily Trust for Child 3Sell1113202511.041781,965404,439Form
29Schmitz, JohnPresident & CEOFamily Trust for Child 4Sell1113202511.041781,965404,428Form
30Schmitz, JohnPresident & CEOFamily Trust for Child 5Sell1113202511.041781,965404,439Form
31Schmitz, JohnPresident & CEOFamily Trust for Child 6Sell1113202511.041781,965404,439Form
32Schmitz, JohnPresident & CEOFamily TrustSell1113202511.10135,1631,500,30919,480,511Form
33Schmitz, JohnPresident & CEOFamily Trust for Child 1Sell1113202511.102,83531,468408,602Form
34Schmitz, JohnPresident & CEOFamily Trust for Child 2Sell1113202511.102,83531,468408,613Form
35Schmitz, JohnPresident & CEOFamily Trust for Child 3Sell1113202511.102,83531,468408,613Form
36Schmitz, JohnPresident & CEOFamily Trust for Child 4Sell1113202511.102,83531,468408,602Form
37Schmitz, JohnPresident & CEOFamily Trust for Child 5Sell1113202511.102,83531,468408,613Form
38Schmitz, JohnPresident & CEOFamily Trust for Child 6Sell1113202511.102,83531,468408,613Form
39Schmitz, JohnPresident & CEOFamily TrustSell1113202511.04135,1631,492,20020,867,411Form
40Schmitz, JohnPresident & CEOFamily Trust for Child 1Sell1113202511.042,83531,298437,692Form
41Schmitz, JohnPresident & CEOFamily Trust for Child 2Sell1113202511.042,83531,298437,703Form
42Schmitz, JohnPresident & CEOFamily Trust for Child 3Sell1113202511.042,83531,298437,703Form
43Schmitz, JohnPresident & CEOFamily Trust for Child 4Sell1113202511.042,83531,298437,692Form
44Schmitz, JohnPresident & CEOFamily Trust for Child 5Sell1113202511.042,83531,298437,703Form
45Schmitz, JohnPresident & CEOFamily Trust for Child 6Sell1113202511.042,83531,298437,703Form

Investor Activity (13F)

Updated Aug 19, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Crestview Partners II GP, L.P.$59.7 Mil17.5%3Hold13F
Webs Creek Capital Management LP$39.4 Mil6.8%14TRIM -17.8%13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Webs Creek Capital Management LP$39.4 Mil6.8%14TRIM -17.8%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Crestview Partners II GP, L.P.$59.7 Mil17.5%3Hold13F
Webs Creek Capital Management LP$39.4 Mil6.8%14TRIM -17.8%13F
Core Cache Last Updated: 8/18/2026