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

The share price of Select Water Solutions, Inc. (NYSE:WTTR) fell by 4.44% between February 18 and February 25, 2026, putting it among the Energy Stocks that Lost the Most This Week.

Select Water Solutions, Inc. (NYSE:WTTR) is a leader in water management and chemical technology serving customers in the oil and gas industry and other industrial applications.

Select Water Solutions, Inc. (NYSE:WTTR) fell after the company announced a $175 million secondary equity offering on February 19, underscoring concerns about dilution for current shareholders. Moreover, WTTR revealed plans to grant the underwriters a 30-day option to acquire up to an additional $26.25 million of shares at the public offering price, less underwriting discounts and commissions.

The company has priced the offering of 13.7 million shares at $12.75 per share, with net proceeds going towards general corporate purposes, including water infrastructure growth projects, potential acquisitions, or debt repayment.

The strategic move comes after Select Water Solutions, Inc. (NYSE:WTTR) announced better-than-expected Q4 2025 results on February 17. The company is forecasting 20%-25 % YoY growth for its Water Infrastructure segment in 2026, while maintaining gross margins similar to the 54% level achieved in the fourth quarter of 2025.

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