Crestview Partners, identified as a major shareholder in Select Water Solutions, Inc. (NASDAQ: WTTR), executed a sale of 3,096,223 shares of the company’s Class A common stock on April 8, 2026. The shares were sold at $15.12 apiece, producing gross proceeds of $46,814,890.
The disposal took place while the stock was trading near its 52-week high of $16.00, after an 83% increase in the prior 12 months. InvestingPro analysis cited within company reporting indicates the stock is trading at a price-to-earnings ratio of 74.33, a valuation assessment that the analysis characterizes as overvalued at current levels.
The transaction report also documents structural changes to the company’s equity: 2,430,240 Common LLC Units were converted into Class A common stock, and an equal number, 2,430,240 shares of Class B common stock, were cancelled without consideration. The filing notes that Robert V. Delaney, Jr., a director of Select Water Solutions, has an indirect association with Crestview, L.L.C. and Crestview Advisors, L.L.C.
Alongside the Crestview disposition, Select Water Solutions announced several corporate actions and market developments:
- The company declared a quarterly cash dividend of $0.07 per share of Class A common stock, payable on February 18, 2026, to holders of record as of February 6, 2026.
- Northland upgraded its stock rating on Select Water Solutions to Outperform from Market Perform and raised its price target to $18.00, citing favorable developments in the company’s infrastructure and chemicals segments and referencing the company’s fourth-quarter results as supportive of the change.
- Select Water Solutions launched an underwritten public offering of 13,725,491 shares of its Class A common stock, priced at $12.75 per share. The offering price was reported to be approximately 10% below the previous trading day’s closing price.
These items together outline recent liquidity moves by a key investor, equity reorganization through unit conversions and cancellations, a shareholder return via a declared dividend, an equity raise through an underwritten offering, and a brokerage upgrade tied to segment performance and quarterly results. The filings and announcements supply a concentrated view of the company’s current market positioning and capital activity.