Select Water Solutions, Inc. (NYSE: WTTR) Announces Pricing of $175 Million Public Offering

Group 1 - Select Water Solutions, Inc. has priced a $175 million public offering of Class A common stock at $12.75 per share, with proceeds intended for general corporate purposes, including funding water infrastructure projects, potential acquisitions, or debt repayment [1] - The offering involves 13,725,491 shares and is expected to close on February 23, 2026, subject to customary conditions, which could support the company's growth and stability in the competitive energy sector [1] - Northland Securities has upgraded WTTR to Outperform with a price target of $18, suggesting a potential upside of approximately 41.4% from the recent closing price of $12.73, reflecting analyst confidence in the company's prospects [2] Group 2 - The stock has a 52-week range of $7.20 to $15.45, with trading volume reaching 8.77 million shares on the announcement day, indicating active investor interest [3] - J.P. Morgan Securities LLC and BofA Securities are acting as lead book-running managers for the offering, with additional managers including Citigroup, Piper Sandler, and Raymond James [3] - The company has granted underwriters a 30-day option to purchase up to an additional 2,058,824 shares (approximately $26.25 million) at the offering price, with the offering's completion depending on market conditions and other factors [3]