SHARPE
Reported results
- Consolidated GAAP revenue for the third quarter of 2026 was $412 million, an increase of 28% year-over-year as compared to the third quarter of 2025.
- GAAP net income was $22.9 million for the third quarter of 2026, compared to $2.3 million in the third quarter of 2025.
- Non-GAAP Adjusted EBITDA was $93.5 million for the third quarter of 2026, an increase of 57% year-over-year compared to $59.5 million in the third quarter of 2025.
- GAAP gross profit was $81.4 million with a total gross margin of 19.7% in the third quarter of 2026.
- Non-GAAP gross profit before D&A was $129.4 million with a non-GAAP gross margin before D&A of 31.4% for the third quarter of 2026.
- GAAP net cash provided by operating activities was $84 million and non-GAAP free cash flow was $(3.6) million for the third quarter of 2026.
Guidance
- Anticipates fourth quarter 2026 non-GAAP Adjusted EBITDA growing to an estimated $95 - $100 million.
- Anticipates net capital expenditures for 2026 of approximately $300 – $310 million.
- Anticipates Water Infrastructure segment revenues of $150 - $160 million in the fourth quarter of 2026, with non-GAAP gross margins before D&A in the 52% – 56% range.
- Anticipates fourth quarter 2026 Water Services segment revenues of $150 - $160 million, with non-GAAP gross margins before D&A in the 21% – 24% range.
- Anticipates Chemical Technologies segment revenues of $75 – $80 million for the fourth quarter of 2026, with non-GAAP gross margins before D&A in the 17% – 18% range.
Notes
On September 23, 2026, Select sold an indirect 55% interest in Peak Rentals HoldCo, LLC, resulting in its deconsolidation and a retained 45% indirect interest accounted for under the equity method. Subsequent to the third quarter, Select closed the acquisition of Pilot Water Solutions.
Price and volatility reaction
Source
The figures above come from the earnings release the company filed with the SEC on 2026-11-09 (8-K, Item 2.02). Read the original filing on sec.gov.