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WBI

WaterBridge Infrastructure LLC

WBI

WaterBridge Infrastructure LLC • NYSE
$22.80 ▲ 1.06% (+0.24)
Market Cap $770.30 M
52w High $27.12
52w Low $21.08
Dividend Yield 0%
P/E -34.55
Volume 99.06K
Outstanding Shares 33.78M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $123.25M ▼ $11.301M ▼ $4.756M ▲ 3.859% ▲ $-0.02 ▼ $53.751M ▲
Q2-2025 $196.77M ▲ $17.685M ▼ $1.498M ▲ 0.761% ▲ $0.039 ▲ $4.825M ▼
Q1-2025 $178.106M $27.33M $-10.682M -5.998% $-0.28 $29.909M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $346.649M ▲ $3.939B ▲ $2.079B ▲ $607.701M ▼
Q2-2025 $32.006M ▼ $3.35B ▲ $1.986B ▲ $1.364B ▲
Q1-2025 $40.942M $2.944B $1.865B $1.08B

Five-Year Company Overview

Income Statement

Income Statement WaterBridge is generating solid revenue with a positive gross profit and operating profit, but it is still reporting a small net loss. That usually means core operations are working, yet overhead costs, interest, or non‑cash charges like depreciation are pulling the bottom line into the red. With only one year of data, it’s hard to tell if this is a temporary investment phase or a persistent profitability issue. Overall, the business looks commercially viable, but margins appear tight and not yet fully optimized.

Balance Sheet

Balance Sheet The available information does not include details on assets, debt, cash, or equity, so it’s impossible to judge financial strength, leverage, or safety from this data alone. In an infrastructure-heavy business like this, the balance sheet is typically dominated by long‑lived assets and often carries meaningful debt. That makes items like debt levels, interest coverage, and liquidity key risk areas to understand from separate disclosures, especially given the current net loss.

Cash Flow

Cash Flow There is no specific cash flow information provided, so we cannot see whether the business is generating steady cash from operations or how much it is spending on new projects. For infrastructure companies, cash flow can look healthier than accounting profit because depreciation is a large non‑cash charge, but high growth spending on new pipelines and facilities can also consume a lot of cash. The stability of long‑term, fee‑based contracts is a positive sign for future cash generation, but the real picture depends on how capital‑intensive the current growth program is and how it is financed.

Competitive Edge

Competitive Edge WaterBridge appears to have a strong competitive position in its niche. It operates a large, integrated water pipeline and disposal network in key shale basins, which is costly and time‑consuming for new entrants to replicate. Long‑term, fee‑based contracts with take‑or‑pay features help secure predictable revenue from major oil and gas producers and reduce exposure to short‑term commodity price swings. Its partnership with a major landholder gives it favored access to disposal capacity, which is increasingly scarce and tightly regulated. On top of that, a full‑cycle service offering and reliability focus make it a convenient, one‑stop provider. The main strategic risks are basin concentration, regulatory changes around water disposal, and dependence on continued activity in U.S. shale plays.

Innovation and R&D

Innovation and R&D Innovation here is less about traditional lab research and more about systems, data, and process technology. WaterBridge has invested in advanced monitoring and control systems, automation, and analytics to run its network more efficiently and reliably. It has also pushed early into large‑scale recycling and reuse of produced water, which aligns with producer ESG goals and growing regulatory pressure on freshwater use and disposal. Planned expansions of major pipeline projects and potential acquisitions show a willingness to grow through both building and buying assets. The opportunity is to deepen its role as a critical, tech‑enabled water partner in an increasingly water‑intensive shale environment, but this depends on successful execution, ongoing innovation in treatment and recycling, and careful management of environmental and regulatory expectations.

Summary

WaterBridge is a specialized water infrastructure provider to the oil and gas industry, with meaningful scale and a clear strategic focus on long‑term, fee‑based contracts and sustainability‑oriented services like recycling. Operationally, it appears to be generating positive profit before financing and non‑cash charges, but it still reports a small net loss, and there is no visibility here into leverage or cash generation. Its competitive moat is built on network scale, difficult‑to‑replicate infrastructure, strategic land access, and close integration with customers’ operations and ESG needs. Future performance will hinge on how well it manages capital spending, debt, and regulatory risk while executing on expansion projects and continuing to differentiate through technology and water recycling solutions.

NEWS

November 12, 2025 · 4:50 PM UTC

WaterBridge Infrastructure LLC Announces Third Quarter 2025 Results

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October 15, 2025 · 6:30 PM UTC

WaterBridge Schedules Third Quarter 2025 Earnings Release and Conference Call

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September 30, 2025 · 4:50 PM UTC

WaterBridge Announces Pricing of Upsized $1,425,000,000 Offering of Senior Notes

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September 29, 2025 · 8:22 AM UTC

WaterBridge Announces Launch of $1,400,000,000 Offering of Senior Notes

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September 22, 2025 · 5:57 PM UTC

WaterBridge Announces Closing of Full Exercise of Underwriters' Option to Purchase Additional Shares

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