Select Energy Services Inc

Essential Utilities subsidiary Aqua Pennsylvania has acquired the water system assets of the Ulster Municipal Authority in Bradford County for $0.5 million, adding 180 customers to its existing water customer base. Aqua Pennsylvania plans to invest $2 million over the next five years to upgrade the acquired assets, modernizing facilities and replacing aging lines to provide safe, high-quality water for Ulster residents. Essential Utilities has added more than 138,000 customers or equivalent dwelling units and about $570 million of rate base through acquisitions since 2015, and its proposed merger with American Water Works remains targeted for the first quarter of 2027. Signed purchase agreements represent more than 200,000 customers and about $282 million in purchase price, while the active municipal acquisition pipeline is about 400,000 customers. Separately, California Water Service Group has agreed to acquire Nexus Water Group's Nevada and Oregon water and wastewater systems for $218 million, and Select Water Solutions has agreed to acquire Pilot Water Solutions for $700 million plus up to $15 million in contingent consideration.

Akamai Technologies shares jumped 23% after the company announced a seven-year, $11.6B agreement with Anthropic to provide cloud infrastructure and software supporting CPU workload growth at scale, a deal that could reach $20B if certain conditions are met. As part of the agreement, Akamai granted Anthropic warrants representing about 5% of its common stock, with 2% expected to vest initially and the remaining 3% tied to an additional $9B in cloud service purchases over the seven-year term. Fathom Holdings rose 23% and Neighborhood Intelligence gained 4% after the companies agreed to explore an alternative transaction replacing their previously announced merger agreement, under which NXH would contribute its roughly 38.8% direct and indirect stake in tZERO Group, Medici-related fund assets, and its investment in GrainChain to Fathom, with the contributed digital assets valued at no less than $130M, in return for newly issued Fathom shares and an expected controlling interest in Fathom. Select Water Solutions climbed 6% after agreeing to acquire private water midstream company Pilot Water Solutions for $700M in cash and stock, plus up to $15M in contingent consideration, comprising $600M in cash and $100M in Class A shares, with debt financing commitments from JPMorgan Chase and Bank of America and an expected close in Q4 2026. Scholastic plunged 12% after reporting wider-than-expected FQ1 losses and a 4% Y/Y revenue decline driven by soft educational spending, though it reaffirmed its full-year 2027 outlook for revenue growth of 2% to 4%, adjusted EBITDA of $135M to $145M, and free cash flow of $35M to $40M. Zscaler fell 4% after appointing Ross Tackett as Chief Revenue Officer effective October 1, 2026, succeeding Mike Rich, who is stepping down for personal reasons but will remain as a strategic advisor through December 31, 2026.

Select Water Solutions reported second-quarter 2026 revenue of $396 million, net income of $23 million, and adjusted EBITDA of $93 million, exceeding its prior guidance range of $77 million to $80 million. Consolidated revenue rose 8% from the first quarter, adjusted EBITDA increased 19%, and net income more than doubled sequentially. Water Infrastructure posted record quarterly revenue of $102 million, up 5% sequentially and 26% year over year, with gross margin before depreciation and amortization reaching 58%. Chemical Technologies revenue grew 23% sequentially to $96 million, while Water Services revenue rose about 4% against expectations for a modest decline. The company raised its 2026 net capital expenditure outlook to $250 million to $290 million and forecast third-quarter consolidated adjusted EBITDA of $90 million to $94 million.

LibertyStream Infrastructure Partners will present at the OTCQB Virtual Investor Conference on August 6, 2026. President and CEO Alex Wylie will deliver a live presentation at 3:00 PM Eastern Time, with investors able to ask questions in real time. The company recently entered a definitive agreement with Select Water Solutions for a three-stage deployment of commercial lithium carbonate production facilities in the Midland Basin and secured a multi-year offtake agreement for 600 tonnes per year of US-produced lithium carbonate from its Freedom 1 plant beginning in 2027. LibertyStream also commissioned its fully automated Gen 6 extraction system and is advancing Freedom 1, its first 1,000-tonne-per-annum commercial-scale plant, toward targeted commissioning by the end of December 2026.

Oilfield services stocks tracked by StockStory beat analysts' consensus revenue estimates by 3.8% in the first quarter, yet their share prices have fallen an average of 9.6% since reporting. Baker Hughes posted revenue of $6.59 billion, up 2.5% year on year and 4.1% above expectations, but its stock dropped 7.9%. Select Water Solutions delivered the best performance relative to estimates with revenue of $366 million, beating by 6.8%, and its shares rose 6.1%. Borr Drilling had the weakest quarter, missing revenue estimates by 2.1% with $247 million, and its stock tumbled 29.6%. Helmerich & Payne and Oceaneering also reported mixed results, with both missing EPS and EBITDA estimates despite Oceaneering beating on revenue.