Earnings results often indicate what direction a company will take in the months ahead. With Q1 behind us, let’s have a look at Select Water Solutions (NYSE: WTTR) and its peers.
Oilfield services companies provide equipment, technology, and services enabling exploration and production activities, including drilling, completion, well intervention, and reservoir evaluation. Their fortunes closely track upstream capital spending cycles. Tailwinds include increased drilling activity during favorable commodity environments, demand for efficiency-enhancing technologies, and growing offshore and unconventional resource development. Headwinds include significant revenue volatility tied to oil and gas price swings and producer spending discipline. Intense competition pressures pricing and margins, while the energy transition may structurally reduce long-term demand. Workforce availability and technological disruption require continuous adaptation.
The 26 oilfield services stocks we track reported a strong Q1. As a group, revenues beat analysts’ consensus estimates by 3.8%.
Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 13.7% since the latest earnings results.
Select Water Solutions (NYSE: WTTR)
Managing over 24 billion barrels of produced water annually across major U.S. shale plays, Select Water Solutions (NYSE: WTTR) provides water sourcing, recycling, disposal, and treatment services for oil and gas producers.
Select Water Solutions reported revenues of $366 million, down 2.3% year on year. This print exceeded analysts’ expectations by 6.8%. Overall, it was an incredible quarter for the company with a beat of analysts’ EPS and EBITDA estimates.
John Schmitz, Chairman of the Board, President and CEO, stated, "The first quarter represented a strong start to the year for Select. During the first quarter of 2026, we delivered strong consolidated revenue growth, coupled with an increase in our gross margins, and drove an $11.5 million increase in net income and adjusted EBITDA growth of $13.5 million when compared to the fourth quarter of 2025. In addition to this operational performance, during the first quarter, we enhanced our balance sheet and financial flexibility and are well positioned to support our continued investment in infrastructure growth.
Interestingly, the stock is up 6% since reporting and currently trades at $18.29.
Is now the time to buy Select Water Solutions? Access our full analysis of the earnings results here, it’s free.
Valaris (NYSE: VAL)
Operating the world's largest fleet of offshore drilling rigs across six continents, Valaris (NYSE: VAL) provides offshore drilling rigs and crews to oil and gas companies exploring and producing in deep waters and shallow seas.
Valaris reported revenues of $465.4 million, down 25% year on year, outperforming analysts’ expectations by 5.6%. The business had an incredible quarter with a beat of analysts’ EPS and EBITDA estimates.
Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 27.4% since reporting. It currently trades at $74.46.
Is now the time to buy Valaris? Access our full analysis of the earnings results here, it’s free.
Weakest Q1: Borr Drilling (NYSE: BORR)
Operating one of the world's youngest jack-up fleets with an average age under eight years, Borr Drilling (NYSE: BORR) operates jack-up rigs that drill oil and gas wells in shallow waters up to 400 feet deep for exploration and production companies.
Borr Drilling reported revenues of $247 million, up 14% year on year, falling short of analysts’ expectations by 2.1%. It was a disappointing quarter as it posted a significant miss of analysts’ EBITDA and EPS estimates.
Borr Drilling delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 28% since the results and currently trades at $4.45.
Read our full analysis of Borr Drilling’s results here.
Nabors Industries (NYSE: NBR)
Operating one of the largest land-based drilling rig fleets in the world with over 285 rigs across more than 15 countries, Nabors Industries (NYSE: NBR) operates drilling rigs and provides related services to help oil and gas companies drill wells on land and offshore platforms.
Nabors Industries reported revenues of $783.5 million, up 6.4% year on year. This result beat analysts’ expectations by 1.7%. It was a very strong quarter as it also logged a beat of analysts’ EPS and EBITDA estimates.
The stock is down 16.6% since reporting and currently trades at $78.08.
Read our full, actionable report on Nabors Industries here, it’s free.
TETRA Technologies (NYSE: TTI)
Operating across six continents with approximately 40,000 acres of mineral-rich brine leases in Arkansas, TETRA Technologies (NYSE: TTI) provides well completion fluids and water management services to oil and gas operators.
TETRA Technologies reported revenues of $156.3 million, flat year on year. This number surpassed analysts’ expectations by 3.4%. Overall, it was an incredible quarter as it also produced a beat of analysts’ EPS and EBITDA estimates.
The stock is down 3.9% since reporting and currently trades at $9.33.
Read our full, actionable report on TETRA Technologies here, it’s free.
Market Update
Late in 2025 into early 2026, there was hand-wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure?
These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability.
Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
