| Summary of calculation of basic and diluted earnings per share |
The following tables present the Company’s calculation of basic and diluted earnings per share for the Current and Prior Quarter and the Current and Prior Period (dollars in thousands, except share and per share amounts): | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, 2025 | | Three months ended June 30, 2024 | | | | | | | | | | | | | | | | | | | | Select Water Solutions, Inc. | | Class A | | Class B | | Select Water Solutions, Inc. | | Class A | | Class B | Numerator: | | | | | | | | | | | | | | | | | | | Net income | | $ | 11,671 | | | | | | | | $ | 14,899 | | | | | | | Net income attributable to noncontrolling interests | | | (1,024) | | | | | | | | | (2,031) | | | | | | | Net income attributable to Select Water Solutions, Inc. — basic | | $ | 10,647 | | $ | 10,647 | | $ | — | | $ | 12,868 | | $ | 12,868 | | $ | — | Add: Reallocation of net income attributable to noncontrolling interests for the dilutive effect of restricted stock | | | 9 | | | 9 | | | — | | | 19 | | | 19 | | | — | Add: Reallocation of net income attributable to noncontrolling interests for the dilutive effect of performance units | | | 18 | | | 18 | | | — | | | 21 | | | 21 | | | — | Add: Reallocation of net income attributable to noncontrolling interests for the dilutive effect of stock options | | | — | | | — | | | — | | | 2 | | | 2 | | | — | Net income attributable to Select Water Solutions, Inc. — diluted | | $ | 10,674 | | $ | 10,674 | | $ | — | | $ | 12,910 | | $ | 12,910 | | $ | — | Denominator: | | | | | | | | | | | | | | | | | | | Weighted-average shares of common stock outstanding — basic | | | | | | 101,527,407 | | | 16,221,101 | | | | | | 100,128,034 | | | 16,221,101 | Dilutive effect of restricted stock | | | | | | 433,194 | | | — | | | | | | 820,945 | | | — | Dilutive effect of performance share units | | | | | | 900,075 | | | — | | | | | | 882,371 | | | — | Dilutive effect of stock options | | | | | | — | | | — | | | | | | 73,536 | | | — | Weighted-average shares of common stock outstanding — diluted | | | | | | 102,860,676 | | | 16,221,101 | | | | | | 101,904,886 | | | 16,221,101 | Income per share: | | | | | | | | | | | | | | | | | | | Basic | | | | | $ | 0.10 | | $ | — | | | | | $ | 0.13 | | $ | — | Diluted | | | | | $ | 0.10 | | $ | — | | | | | $ | 0.13 | | $ | — |
| | | | | | | | | | | | | | | | | | | | | Six months ended June 30, 2025 | | Six months ended June 30, 2024 | | | | | | | | | | | | | | | | | | | | Select Water Solutions, Inc. | | Class A | | Class B | | Select Water Solutions, Inc. | | Class A | | Class B | Numerator: | | | | | | | | | | | | | | | | | | | Net income | | $ | 21,231 | | | | | | | | $ | 18,774 | | | | | | | Net income attributable to noncontrolling interests | | | (2,345) | | | | | | | | | (2,281) | | | | | | | Net income attributable to Select Water Solutions, Inc. — basic | | $ | 18,886 | | $ | 18,886 | | $ | — | | $ | 16,493 | | $ | 16,493 | | $ | — | Add: Reallocation of net income attributable to noncontrolling interests for the dilutive effect of restricted stock | | | 29 | | | 29 | | | — | | | 27 | | | 27 | | | — | Add: Reallocation of net income attributable to noncontrolling interests for the dilutive effect of performance units | | | 36 | | | 36 | | | — | | | 28 | | | 28 | | | — | Add: Reallocation of net income attributable to noncontrolling interests for the dilutive effect of stock options | | | 2 | | | 2 | | | — | | | 1 | | | 1 | | | — | Net income attributable to Select Water Solutions, Inc. — diluted | | $ | 18,953 | | $ | 18,953 | | $ | — | | $ | 16,549 | | $ | 16,549 | | $ | — | Denominator: | | | | | | | | | | | | | | | | | | | Weighted-average shares of common stock outstanding — basic | | | | | | 101,161,203 | | | 16,221,101 | | | | | | 99,676,319 | | | 16,221,101 | Dilutive effect of restricted stock | | | | | | 831,622 | | | — | | | | | | 889,647 | | | — | Dilutive effect of performance share units | | | | | | 1,024,541 | | | — | | | | | | 930,733 | | | — | Dilutive effect of stock options | | | | | | 42,933 | | | — | | | | | | 17,276 | | | — | Weighted-average shares of common stock outstanding — diluted | | | | | | 103,060,298 | | | 16,221,101 | | | | | | 101,513,975 | | | 16,221,101 | Income per share: | | | | | | | | | | | | | | | | | | | Basic | | | | | $ | 0.19 | | $ | — | | | | | $ | 0.17 | | $ | — | Diluted | | | | | $ | 0.18 | | $ | — | | | | | $ | 0.16 | | $ | — |
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