Select Water Solutions (WTTR) handles water transport, disposal, and treatment for shale drillers. It is a $2.3 billion market cap company that is up nearly 65% YTD, despite only being covered by five analysts. Fracking requires a huge amount of water, and WTTR is benefiting from the constant demand to move and treat it. In Q1, their water infrastructure revenue increased 19.2% sequentially, and margins expanded by 210 basis points. They finished the quarter with $56 million in cash, which is about three times what they had at the end of 2025. Management also raised their water infrastructure guidance by 25% to 30% and noted that new projects will be launching over the next two quarters.