Select Water Solutions (WTTR) Announces $175 Million Equity Offering

Select Water Solutions, Inc. (NYSE:WTTR) is simply a person successful h2o absorption and chemic exertion serving customers successful the lipid and state manufacture and different concern applications.

Select Water Solutions, Inc. (NYSE:WTTR) fell aft the institution announced a $175 cardinal secondary equity offering connected February 19, underscoring concerns astir dilution for existent shareholders. Moreover, WTTR revealed plans to assistance the underwriters a 30-day enactment to get up to an further $26.25 cardinal of shares astatine the nationalist offering price, little underwriting discounts and commissions.

The institution has priced the offering of 13.7 cardinal shares astatine $12.75 per share, with nett proceeds going towards wide firm purposes, including h2o infrastructure maturation projects, imaginable acquisitions, oregon indebtedness repayment.

The strategical determination comes aft Select Water Solutions, Inc. (NYSE:WTTR) announced better-than-expected Q4 2025 results connected February 17. The institution is forecasting 20%-25 % YoY maturation for its Water Infrastructure conception successful 2026, portion maintaining gross margins akin to the 54% level achieved successful the 4th fourth of 2025.

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