Select Energy Services Inc

Select Water Solutions reported second-quarter 2026 revenue of $396 million, net income of $23 million, and adjusted EBITDA of $93 million, exceeding its prior guidance range of $77 million to $80 million. Consolidated revenue rose 8% from the first quarter, adjusted EBITDA increased 19%, and net income more than doubled sequentially. Water Infrastructure posted record quarterly revenue of $102 million, up 5% sequentially and 26% year over year, with gross margin before depreciation and amortization reaching 58%. Chemical Technologies revenue grew 23% sequentially to $96 million, while Water Services revenue rose about 4% against expectations for a modest decline. The company raised its 2026 net capital expenditure outlook to $250 million to $290 million and forecast third-quarter consolidated adjusted EBITDA of $90 million to $94 million.

LibertyStream Infrastructure Partners will present at the OTCQB Virtual Investor Conference on August 6, 2026. President and CEO Alex Wylie will deliver a live presentation at 3:00 PM Eastern Time, with investors able to ask questions in real time. The company recently entered a definitive agreement with Select Water Solutions for a three-stage deployment of commercial lithium carbonate production facilities in the Midland Basin and secured a multi-year offtake agreement for 600 tonnes per year of US-produced lithium carbonate from its Freedom 1 plant beginning in 2027. LibertyStream also commissioned its fully automated Gen 6 extraction system and is advancing Freedom 1, its first 1,000-tonne-per-annum commercial-scale plant, toward targeted commissioning by the end of December 2026.

Oilfield services stocks tracked by StockStory beat analysts' consensus revenue estimates by 3.8% in the first quarter, yet their share prices have fallen an average of 9.6% since reporting. Baker Hughes posted revenue of $6.59 billion, up 2.5% year on year and 4.1% above expectations, but its stock dropped 7.9%. Select Water Solutions delivered the best performance relative to estimates with revenue of $366 million, beating by 6.8%, and its shares rose 6.1%. Borr Drilling had the weakest quarter, missing revenue estimates by 2.1% with $247 million, and its stock tumbled 29.6%. Helmerich & Payne and Oceaneering also reported mixed results, with both missing EPS and EBITDA estimates despite Oceaneering beating on revenue.