WaterBridge Infrastructure LLC

WaterBridge Infrastructure LLC

WBI
WaterBridge Infrastructure LLCUS flagNew York Stock Exchange
29.98
USD
+1.02
- -
1.41BMarket Cap
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
5.17
8.15
12.15
16.79
Basic EPS, GAAP
0.38
0.08
0.27
0.19
Free Cash Flow per Basic Share
1.25
1.9
3.69
4.22
Dividend per Share
- -
- -
- -
0.14
Book Value per Share
- -
17.08
13.92
15.1
Tangible Book Value per Share
- -
13.79
19.43
19.9
Basic Weighted Avg Shares
39
39
43
43
Sales/Revenue/Turnover
201
316
526
730
Operating Margin (%)
20.22
17.79
17.29
11.05
Depreciation Expense
50
80
143
139
Net Income, GAAP
15
3
12
8
Effective Tax Rate (%)
0.75
9.66
- -
9.98
Profit Margin (%)
7.31
0.95
2.26
1.1
Working Capital
- -
37
72
60
LT Debt
- -
589
1,439
1,465
Total Equity
- -
663
1,848
1,848
Return on Invested Capital (%)
- -
8.08
- -
- -
Return on Capital (%)
- -
20.29
- -
7.25
Return on Common Equity (%)
- -
0.9
1.88
-3.81

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
33
13
9
LT Borrowings
1,682
1,432
1,457
LT Finance Leases
8
7
7
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
43
43
47
Market Capitalization
1,031
834
1,165

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
555
261
259
Cash, Cash Equivalents & STI
347
52
51
Accounts Receivable, Net
153
162
157
Inventories
- -
- -
- -
Total Current Liabilities
165
189
199
Payables & Accruals
130
175
186
ST Debt
33
13
9
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
178.65%
Free Cash Flow
- -
- -
116.22%
Net Income, GAAP
- -
- -
297.29%
Sales/Revenue/Turnover
- -
- -
66.16%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
90
433
- -
- -
316
2025
98
197
123
209
526
2026
201
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.09
- -
- -
- -
0.08
2025
0.04
- -
0.16
-0.09
0.27
2026
0.08
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
0.14
- -
- -
- -
- -

Company Description

APIChat
CEO
Jason Long
Full Time Employees
444
Sector
Energy
Industry
Oil & Gas Energy
Address
5555 San Felipe Street, Suite 1200 Houston TX United States of America 77056
IPO Date
Nov 5, 1987
Business
WaterBridge Infrastructure LLC operates as a leading pure-play integrated water infrastructure company specializing in the oil and natural gas exploration and production (E&P) sector. The company provides comprehensive water management solutions including produced water gathering, transporting, recycling, and handling under long-term contracts predominantly in the Delaware Basin, the most prolific oil and gas region in North America, with additional operations in the Eagle Ford and Arkoma Basins. Its core products and services encompass a network of approximately 2,500 miles of pipelines and about 197 produced water handling facilities, offering customers reliable and cost-effective full-cycle water infrastructure solutions. WaterBridge also operates two energy waste management facilities branded under Desert Environmental for non-hazardous waste disposal related to oil and gas activities. Founded in 2018 and headquartered in Houston, Texas, WaterBridge serves oil and natural gas E&P companies by managing produced water volumes crucial for hydrocarbon extraction processes. The company's infrastructure supports a handling capacity exceeding 4.5 million barrels per day, with recent produced water throughput reaching 2.5 million barrels per day. WaterBridge maintains synergistic relationships with Delaware Basin landowners, including LandBridge and Texas Pacific Land Company, providing access to substantial acreage and pore space critical for water disposal and recycling. Recent significant developments include WaterBridge's successful initial public offering in September 2025 on the New York Stock Exchange and NYSE Texas, generating approximately $634 million and establishing a $3 billion market capitalization. This IPO marked the largest energy-sector public offering since 2019 and elevated the company as a publicly-traded pure-play water infrastructure leader. The company has commenced construction on the Speedway Pipeline project—a large-diameter pipeline spanning the northern Delaware Basin—with a $290 million capital expenditure budget, expected to be operational by mid-2026. Additionally, the bpx Kraken pipeline project came online with initial capacity of around 400,000 barrels per day, contributing to a 7% quarter-over-quarter volume increase in Q3 2025. WaterBridge also optimized its financial position by closing a $1.425 billion senior notes offering in October 2025, improving liquidity and reducing interest and amortization expenses. The company continues to pursue strategic organic growth and technology investments to enhance water recycling capabilities and operational efficiency, underpinning its commitment to sustainable water management solutions and expanding its footprint in the water midstream infrastructure sector. WaterBridge remains focused on serving E&P companies with scalable, reliable water infrastructure while advancing ESG-related water recycling initiatives in critical U.S. oil and gas producing regions.

Company News

APIChat
  • WaterBridge Stock Is Up 55% Since IPO. One Fund Bought Up $12 Million More Last Quarter

  • Is WaterBridge Stock a Buy After Ranger Investment Raised Its Stake by 345,000 Shares?

  • IPO Stock Of The Week: WaterBridge Flows Toward Record High In Near-50% Run-Up

  • WaterBridge Announces First Quarter 2026 Results

  • WaterBridge Schedules First Quarter Earnings Release and Conference Call

  • Energy Is My Favorite Sector - I'm Getting Ready To Buy It On Weakness

  • WaterBridge Infrastructure: Earnings Growth Path Has Gotten Clearer

  • The Better Trade In Permian Water: Pairing WaterBridge With LandBridge

  • WaterBridge Infrastructure LLC (WBI) Q4 2025 Earnings Call Transcript

  • WaterBridge Announces Fourth Quarter and Fiscal Year 2025 Results

  • WaterBridge Infrastructure LLC Declares Inaugural Quarterly Cash Dividend

  • WaterBridge Announces Open Season on Second Phase of Speedway Long-Haul Produced Water Pipeline

  • WaterBridge Schedules Fourth Quarter and Fiscal Year 2025 Earnings Release and Conference Call

  • 2 Of The Best Investment Opportunities I Can Think Of Right Now

  • Energy Is, By Far, My Favorite Sector For 2026

  • Horizon Kinetics Discloses a $160 Million Stake in WaterBridge After $3 Billion IPO

  • I Think Investors Are Missing The Best Energy Trade For 2026

  • My Biggest Energy Call In Years - And Almost Everyone Is Missing It

  • WaterBridge Infrastructure LLC (WBI) Q3 2025 Earnings Call Transcript

  • Murray Stahl's Strategic Moves: WaterBridge Infrastructure LLC Takes Center Stage