Select Water Solutions, Inc. (WTTR) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 06, 2026

Risk Assessment Details

Potential Dilution: 4.0% of current shares
Recent Dilution: 1130.64% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
110M
Potential Supply
4.5M
Additional shares possible
Splits
None
Past 2 years

Summary

WTTR currently has 113M outstanding shares. with limited dilution risk as only 4.5M additional shares (4.0%) are authorized for issuance. The company has significantly diluted shareholders by 1130.64% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 06, 2026

10-Q filing | 112.5M shares outstanding

110M 4.5M
Nov 05, 2025

10-Q filing | 16.2M shares outstanding

16M 4.5M
Aug 06, 2025

10-Q filing | 102.9M shares outstanding

100M 4.5M
May 07, 2025

10-Q filing | 103.3M shares outstanding

100M 4.5M
Feb 19, 2025

10-K filing | 16.2M shares outstanding

16M 4.5M
Nov 06, 2024

10-Q filing | 16.2M shares outstanding

16M 4.5M
Jul 31, 2024

10-Q filing | 16.2M shares outstanding

16M 4.5M
May 01, 2024

10-Q filing | 16.2M shares outstanding

16M 4.5M
Feb 21, 2024

10-K filing | 16.2M shares outstanding

16M 4.5M
Nov 01, 2023

10-Q filing | 16.2M shares outstanding

16M 4.5M
Aug 03, 2023

10-Q filing | 16.2M shares outstanding

16M 4.5M
May 03, 2023

10-Q filing | 16.2M shares outstanding

16M 4.5M
Feb 22, 2023

10-K filing | 16.2M shares outstanding

16M 4.5M
Nov 03, 2022

10-Q filing | 16.2M shares outstanding

16M 4.5M
Nov 02, 2022

8-K filing: The Company issued 9,181,144 shares of Class A common stock for the acquisition of Breakwater Energy Services, LLC and 952,753 shares of Class A common stock for the acquisition of certain water gathering pipeline and disposal assets from Cypress Environmental Solutions, LLC.

16M 4.5M
Aug 12, 2022

POS AM filing: This POS AM filing registers 41,121,088 shares of Class A common stock for sale by selling stockholders. The last reported sales price was $6.96 per share on August 11, 2022.

16M 4.5M
Aug 03, 2022

10-Q filing | 16.2M shares outstanding

16M 4.5M
May 04, 2022

10-Q filing | 16.2M shares outstanding

16M 4.5M
Mar 25, 2022

POS AM filing: This is a POS AM filing registering 41,799,229 shares of Class A common stock for sale by selling stockholders.

87M 4.5M
Mar 25, 2022

POS AM filing: This POS AM filing registers 3,109,562 shares of Class A common stock for resale by a selling stockholder.

87M 4.5M
Mar 02, 2022

POS AM filing: This is a post-effective amendment to combine two previous registration statements and include an updated prospectus relating to the offering and sale of Class A common stock that was registered for resale.

87M 4.5M
Mar 02, 2022

POS AM filing: Registration of 41,799,229 shares of Class A common stock for sale by selling stockholders.

87M 4.5M
Feb 23, 2022

8-K filing: The Company completed the merger with Nuverra Environmental Solutions, Inc. on February 23, 2022, where Nuverra common stockholders received 0.2551 shares of Class A common stock of the Company for each share of Nuverra common stock.

16M 5.7M
Feb 23, 2022

10-K filing | 87.3M shares outstanding

87M 5.7M
Dec 17, 2021

S-1 filing: Registration of 1,211,375 shares of Class A common stock for sale by the selling stockholder.

16M 5.7M
Dec 03, 2021

8-K filing: Select Energy Services, Inc. completed the acquisition of certain assets of H.B. Rentals, L.C. for consideration of 1,211,375 shares of the Company's Class A common stock and approximately $1.5 million in cash. ($1.5M proceeds)

16M 4.5M
Nov 03, 2021

10-Q filing | 16.2M shares outstanding

16M 4.5M
Oct 06, 2021

S-1 filing: The filing is for the registration of 902,593 shares of Class A common stock for sale by the selling stockholder.

16M 4.5M
Aug 26, 2021

S-1 filing: The filing is for 3,600,000 shares of Class A common stock to be offered and sold by the selling stockholder.

16M 3.6M
Aug 20, 2021

8-K filing: Select Energy Services, Inc. entered into an asset purchase agreement to acquire substantially all of the assets of Agua Libre Midstream, LLC from Basic Energy Services, Inc. for $15 million in cash and 902,593 shares of the Company's Class A common stock.

16M 0
Aug 04, 2021

10-Q filing | 16.2M shares outstanding

16M 0
May 05, 2021

10-Q filing | 16.2M shares outstanding

16M 0
Feb 24, 2021

10-K filing | 85.2M shares outstanding

85M 0
Jan 08, 2021

POS AM filing: This POS AM filing registers 44,181,406 shares of Class A common stock for sale by selling stockholders.

16M 0
Nov 04, 2020

10-Q filing | 16.2M shares outstanding

16M 0
Aug 05, 2020

10-Q filing | 16.2M shares outstanding

16M 0
May 06, 2020

10-Q filing | 86.1M shares outstanding

86M 0
Feb 25, 2020

POS AM filing: The filing registers 44,181,406 shares of Class A common stock for sale by selling stockholders.

N/A 0
Feb 25, 2020

10-K filing | 80.7M shares outstanding

81M 0
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