Security
WaterBridge Infrastructure LLC · WBI
WBINYSECommon stockCurrentCIK 2064947Updated Nov 9, 2026
WBI price & chart
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NYSE:WBI on TradingView ↗About the company
WaterBridge was formed on April 11, 2025 as a Delaware limited liability company to serve as the issuer in an initial public offering of its Class A shares, which closed on September 18, 2025. WaterBridge is a holding company, the principal asset of which is OpCo Units. WaterBridge is also the sole managing member of OpCo.
In the news
Seeking Alpha
Energy Infrastructure ETFs Rebound In October On Earnings And Distribution Tailwinds ↗
WaterBridge Infrastructure LLC (WBI) Q3 2026 Earnings Call Transcript ↗
WaterBridge Infrastructure LLC GAAP EPS of $0.10 beats by $0.06, revenue of $240.2M beats by $6.83M ↗
SEC disclosures
WaterBridge Infrastructure LLC files 8-K: Material Event ↗
Recent filings
SCHEDULE 13G/A - filed by T. Rowe Price Investment Management, Inc. regarding WaterBridge Infrastructure LLC
SCHEDULE 13G/A - filed by T. Rowe Price Investment Management, Inc. regarding WaterBridge Infrastructure LLC
SCHEDULE 13G/A - filed by FMR LLC regarding WaterBridge Infrastructure LLC
10-Q filing
Results of Operations and Financial Condition · Regulation FD Disclosure
Items 2.02, 7.01, 9.01
Financials
FY 2025 · USDSource
Source
Source
Source
balance sheet · annual statements
| Line item | Q3 2025 | Q2 2026 | Q1 2026 | FY 2025 | FY 2024 |
|---|---|---|---|---|---|
| ASSETS | |||||
| AssetsUSD | 3,939,207,000Source | 3,938,213,000Source | 3,752,471,000Source | 3,700,020,000Source | 1,350,587,000Source |
| Property, Plant and Equipment, NetUSD | 2,201,224,000Source | 2,477,362,000Source | 2,353,434,000Source | 2,285,536,000Source | 1,101,041,000Source |
| GoodwillUSD | 52,119,000Source | 51,993,000Source | 53,127,000Source | 53,127,000Source | 9,091,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 967,724,000Source | 923,228,000Source | 912,228,000Source | 935,708,000Source | 98,589,000Source |
| Current assets: | |||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 346,649,000Source | 47,624,000Source | 50,668,000Source | 51,543,000Source | 13,284,000Source |
| Assets, CurrentUSD | 555,090,000Source | 268,456,000Source | 259,211,000Source | 261,125,000Source | 120,338,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 17,350,000Source | 8,006,000Source | 12,213,000Source | 14,834,000Source | 6,008,000Source |
| Operating Lease, Right-of-Use AssetUSD | 6,732,000Source | 6,142,000Source | 6,346,000Source | 6,537,000Source | 0Source |
| Other Assets, NoncurrentUSD | 29,420,000Source | 31,416,000Source | 31,986,000Source | 32,719,000Source | 21,528,000Source |
| LIABILITIES AND EQUITY | |||||
| LiabilitiesUSD | 2,079,143,000Source | 2,109,924,000Source | 1,904,556,000Source | 1,852,411,000Source | 687,538,000Source |
| Stockholders’ equity: | |||||
| Retained Earnings (Accumulated Deficit)USD | -667,000Source | -551,000Source | -3,202,000Source | -4,537,000Source | 0Source |
| Stockholders' Equity Attributable to ParentUSD | 607,701,000Source | 759,923,000Source | 656,651,000Source | 602,306,000Source | 0Source |
| Liabilities and EquityUSD | 3,939,207,000Source | 3,938,213,000Source | 3,752,471,000Source | 3,700,020,000Source | 1,350,587,000Source |
| Current liabilities: | |||||
| Liabilities, CurrentUSD | 165,003,000Source | 174,309,000Source | 199,491,000Source | 188,940,000Source | 83,468,000Source |
| Operating Lease, Liability, CurrentUSD | — | — | — | 777,000Source | 0Source |
| Operating Lease, Liability, NoncurrentUSD | 5,978,000Source | 5,360,000Source | 5,573,000Source | 5,774,000Source | 0Source |
| Other Liabilities, NoncurrentUSD | 30,316,000Source | 31,132,000Source | 30,569,000Source | 30,259,000Source | 17,653,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 1,252,363,000Source | 1,068,366,000Source | 1,191,264,000Source | 1,245,303,000Source | 0Source |
| Additional Financial Items | |||||
| Accrued Liabilities, CurrentUSD | 81,720,000Source | — | 124,992,000Source | 130,126,000Source | 44,553,000Source |
| Long-term Debt, Current MaturitiesUSD | 33,336,000Source | 6,606,000Source | 9,107,000Source | 12,546,000Source | 6,536,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 1,682,211,000Source | 1,609,931,000Source | 1,457,378,000Source | 1,431,837,000Source | 586,417,000Source |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | 4,756,000Source | 3,305,000Source | 14,555,000Source | 7,125,000Source | 9,521,000Source | 1,711,000Source | 9,000Source | 2,992,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | — | — | 48,056,000Source | 19,088,000Source | 44,969,000Source | 18,989,000Source | 140,899,000Source | 78,315,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | 2,583,000Source | 1,058,000Source | 2,584,000Source | 324,000Source | 5,338,000Source | 9,529,000Source |
| Changes in operating assets and liabilities: | ||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | -5,005,000Source | 19,259,000Source | 37,051,000Source | 4,928,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | 892,000Source | 0Source | -1,246,000Source | 0Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 95,103,000Source | 43,212,000Source | 159,695,000Source | 73,859,000Source |
| Cash flows from investing activities: | ||||||||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | — | — | — | 0Source | 5,000Source | -39,901,000Source | 166,523,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -109,697,000Source | -26,066,000Source | -218,623,000Source | -323,661,000Source |
| Cash flows from financing activities: | ||||||||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 13,719,000Source | -2,827,000Source | 97,187,000Source | 250,217,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | -875,000Source | 14,319,000Source | 38,259,000Source | 415,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 346,649,000Source | 14,076,000Source | 47,624,000Source | 11,902,000Source | 50,668,000Source | 27,603,000Source | 51,543,000Source | 13,284,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 1,253,000Source | 8,447,000Source | 49,417,000Source | 49,734,000Source |
| Additional Financial Items | ||||||||||
| Amortization of Debt Issuance Costs and DiscountsUSD | — | — | — | — | — | — | — | — | 4,359,000Source | 5,303,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | — | — | — | — | — | — | — | — | 1,443,000Source | 1,062,000Source |
| DepreciationUSD | — | — | 23,300,000Source | 17,500,000Source | 46,156,000Source | 18,581,000Source | 43,592,000Source | 18,458,000Source | 103,400,000Source | 70,400,000Source |
| Depreciation, Amortization and Accretion, NetUSD | — | — | 30,026,000Source | 19,988,000Source | 72,100,000Source | 21,148,000Source | 68,947,000Source | 21,038,000Source | 140,899,000Source | 78,315,000Source |
| Gain (Loss) on Disposition of AssetsUSD | — | — | -141,000Source | -92,000Source | -8,000Source | -82,000Source | 74,000Source | -11,609,000Source | -11,980,000Source | 137,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | — | — | — | — | 74,000Source | -11,609,000Source | -11,980,000Source | 137,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | — | — | — | — | — | -11,411,000Source | 0Source |
| General and Administrative ExpenseUSD | — | — | — | — | 17,682,000Source | 7,583,000Source | 16,811,000Source | 6,592,000Source | 47,237,000Source | 33,786,000Source |
| GoodwillUSD | — | — | 52,119,000Source | — | 51,993,000Source | — | 53,127,000Source | — | 53,127,000Source | 9,091,000Source |
| Income Tax Expense (Benefit)USD | — | — | -366,000Source | 114,000Source | 2,211,000Source | 10,000Source | 1,055,000Source | 79,000Source | -1,065,000Source | 320,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 31,000Source | 249,000Source | -794,000Source | 133,000Source | 112,000Source | 132,000Source | 433,000Source | 251,000Source |
| Other Operating Income (Expense), NetUSD | — | — | -2,156,000Source | -1,090,000Source | -165,000Source | -658,000Source | -999,000Source | -1,007,000Source | -4,162,000Source | 1,618,000Source |
| Proceeds from Contributions from AffiliatesUSD | — | — | — | — | — | — | — | — | 20,080,000Source | 0Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | — | — | 685,354,000Source | 0Source |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | —Source | —Source | — | — |
| Dividends paid | — | — | — | — | — | — | —Source | —Source | — | — |
| Income Taxes Paid, Net | — | — | — | — | — | — | —Source | —Source | — | — |
| Amortization | — | — | — | — | —Source | —Source | —Source | —Source | — | — |
| Amortization of Debt Issuance Costs | — | — | — | — | — | — | —Source | —Source | — | — |
| Net Income (Loss) Attributable to Parent | — | — | —Source | — | —Source | — | —Source | — | — | — |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | —Source | — | —Source | — | —Source | — | — | — |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | — | — | —Source | — | —Source | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 123,250,000Source | 89,803,000Source | 217,772,000Source | 95,512,000Source | 200,977,000Source | 97,910,000Source | 525,553,000Source | 316,296,000Source |
| Cost of Goods and Services Sold | — | — | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source |
| Gross Profit (Calculated) · Derived | — | — | — | — | — | — | — | — | — | — |
| Operating Income (Loss)USD | — | — | 23,694,000Source | 18,838,000Source | 40,268,000Source | 17,170,000Source | 30,456,000Source | 15,715,000Source | 78,862,000Source | 56,417,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 31,000Source | 249,000Source | -794,000Source | 133,000Source | 112,000Source | 132,000Source | 433,000Source | 251,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 4,390,000Source | 3,419,000Source | 16,766,000Source | 7,135,000Source | 10,576,000Source | 1,790,000Source | -1,056,000Source | 3,312,000Source |
| Income Tax Expense (Benefit)USD | — | — | -366,000Source | 114,000Source | 2,211,000Source | 10,000Source | 1,055,000Source | 79,000Source | -1,065,000Source | 320,000Source |
| Additional Financial Items | ||||||||||
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 181,000Source | 320,000Source |
| General and Administrative ExpenseUSD | — | — | — | — | 17,682,000Source | 7,583,000Source | 16,811,000Source | 6,592,000Source | 47,237,000Source | 33,786,000Source |
| Interest Income (Expense), NetUSD | — | — | -19,335,000Source | -15,668,000Source | -22,708,000Source | -10,168,000Source | -19,992,000Source | -14,057,000Source | -68,940,000Source | -53,356,000Source |
| Other Operating Income (Expense), NetUSD | — | — | -2,156,000Source | -1,090,000Source | -165,000Source | -658,000Source | -999,000Source | -1,007,000Source | -4,162,000Source | 1,618,000Source |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | —Source | — | —Source | — | —Source | — | — | — |
| Net Income (Loss) Attributable to Parent | — | — | —Source | — | —Source | — | —Source | — | — | — |
| Earnings Per Share, Basic | — | — | —Source | — | —Source | — | —Source | — | — | — |
| Earnings Per Share, Diluted | — | — | —Source | — | —Source | — | —Source | — | — | — |
| Weighted Average Number of Shares Outstanding, Basic | — | — | —Source | — | —Source | — | —Source | — | — | — |
| Weighted Average Number of Shares Outstanding, Diluted | — | — | —Source | — | —Source | — | —Source | — | — | — |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | — | — | —Source | — | —Source | — | — | — |
| Undistributed Earnings (Loss) Allocated to Participating Securities, Basic | — | — | — | — | — | — | —Source | — | — | — |
Offerings
Registration 333-299217
Registration 333-299218
Registration 333-294703
Filing attachments
wbi-ex4_1.htm · 10-Q · 2026-11-05
Exhibit 4.1 SUPPLEMENTAL INDENTURE TO BE DELIVERED BY SUBSEQUENT GUARANTORS SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of March 11, 2026, is among WBI G&D LLC (the “Guaranteeing Subsidiary”), WBI Operating LLC (the “Company”), the other Guarantors (as defined in the Indenture referred to herein) and UMB Bank, N.A., as trustee under the Indenture referred to below (the “Trustee”). WITNESETH: WHEREAS, the Company and the initial Guarantors have heretofore executed and del…
Read attachment ↗wbi-ex4_2.htm · 10-Q · 2026-11-05
Exhibit 4.2 SUPPLEMENTAL INDENTURE TO BE DELIVERED BY SUBSEQUENT GUARANTORS SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of March 11, 2026, is among WBI G&D LLC (the “Guaranteeing Subsidiary”), WBI Operating LLC (the “Company”), the other Guarantors (as defined in the Indenture referred to herein) and UMB Bank, N.A., as trustee under the Indenture referred to below (the “Trustee”). WITNESETH: WHEREAS, the Company and the initial Guarantors have heretofore executed and del…
Read attachment ↗wbi-ex4_3.htm · 10-Q · 2026-11-05
Exhibit 4.3 SUPPLEMENTAL INDENTURE TO BE DELIVERED BY SUBSEQUENT GUARANTORS SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of July 31, 2026, is among Desert 302 LLC and Ranger Water Midstream, LLC (collectively, the “Guaranteeing Subsidiaries”), WBI Operating LLC (the “Company”), the other Guarantors (as defined in the Indenture referred to herein) and UMB Bank, N.A., as trustee under the Indenture referred to below (the “Trustee”). W I T N E S E T H: WHEREAS, the Company a…
Read attachment ↗wbi-ex4_4.htm · 10-Q · 2026-11-05
Exhibit 4.4 SUPPLEMENTAL INDENTURE TO BE DELIVERED BY SUBSEQUENT GUARANTORS SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of July 31, 2026, is among Desert 302 LLC and Ranger Water Midstream, LLC (collectively, the “Guaranteeing Subsidiaries”), WBI Operating LLC (the “Company”), the other Guarantors (as defined in the Indenture referred to herein) and UMB Bank, N.A., as trustee under the Indenture referred to below (the “Trustee”). W I T N E S E T H: WHEREAS, the Company a…
Read attachment ↗wbi-ex99_1.htm · 8-K · 2026-11-04
Exhibit 99.1 WaterBridge Announces Third Quarter 2026 Results Reports record third quarter produced water handling volumes of 2.8 million barrels per day, representing growth of 6% quarter-over-quarter Raises midpoints of 2026 produced water handling volumes and Adjusted EBITDA guidance by 2% and 4%, respectively, and lowers the midpoint of 2026 Capital Expenditures guidance by 3% due to outperformance in volumes and margin and shifted capital expenditure timing into 2027 Announces outperfor…
Read attachment ↗wbi-ex99_1.htm · 8-K · 2026-08-18
EX-99.1 2 wbi-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 WaterBridge Announces Pricing of Upsized $150,000,000 Offering of Additional 6.500% Senior Notes due 2033 August 13, 2026 HOUSTON - (BUSINESS WIRE) - WaterBridge Infrastructure LLC (NYSE: WBI; NYSE Texas: WBI) (“WaterBridge”) announced today that WBI Operating LLC (the “Issuer”), a subsidiary of WaterBridge, has priced its offering (the “Offering”) of $150 million in aggregate principal amount of 6.500% senior notes due 2033 at par (t…
Read attachment ↗