WaterBridge Infrastructure is a specialist in managing water resources, primarily serving companies involved in upstream oil and gas exploration and production. The ...
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$0.10 per share
Est. EPS $0.13 · Revenue $231.13M · 3 analysts
Est. EPS $0.16 · Revenue $240.25M · 3 analysts
Est. EPS $0.56 · Revenue $896.64M · 2 analysts
$0.10 per share
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $525.6M | -20.6% | +8.4% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $9000 | +100.0% | -46.3% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +27.1% | +52.6% | +11.3% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +15.0% | +101.8% | +22.3% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +0.0% | +100.0% | -50.5% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $-118.9M | — | -268.7% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | -22.6% | — | -240.3% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 2.1% | -97.7% | +15238.2% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.38x | -4.1% | +18.5% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $3.7B | +174.0% | +4.9% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -0.10 vs -0.43 | +76.8% | 0.12 vs 0.13 | -10.5% |
| Revenue Surprise | $525.6M vs $777.3M | -32.4% | $217.8M vs $231.1M | -5.8% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 4, 2026 | Long Jason Thomas | director, officer: Chief Executive Officer | Class A Shares | A | 44,829 | — |
| Aug 4, 2026 | Bolling Harrison Fenner | officer: Executive VP and GC | Class A Shares | A | 29,886 | — |
| Aug 4, 2026 | McNeely Scott Lloyd | officer: Executive VP, CFO | Class A Shares | A | 32,875 | — |
| Aug 4, 2026 | Williams Jason Frederick | officer: Executive VP, CAO | Class A Shares | A | 29,886 | — |
| Aug 4, 2026 | Reitz Michael Howard JR | officer: See Remarks | Class A Shares | A | 39,599 | — |
Operator: Hello, everyone. Thank you for joining us, and welcome to the WaterBridge's Second Quarter 2026 Earnings Call. [Operator Instructions] I will now hand the conference over to Mae Herrington, Director of Investor Relations. Please go ahead. Mae Herrington: Good morning, and thank you for joining WaterBridge's Second Quarter 2026 Earnings Call. I'm joined today by our Chief Executive Officer, Jason Long; our Chief Operating Officer, Michael Chop Reitz; and our Chief Financial Officer, Scott McNeely. Before we begin, I'd like to remind you that in this call and the related presentation, we will make forward-looking statements regarding our current beliefs, plans and expectations, which are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties that could cause actual results to differ materially from results and events contemplated by such forward-looking statements. You're cautioned not to place undue reliance on forward-looking statements. Please refer to the risk factors and other cautionary statements included in our filings with the SEC. I would also like to point out that our investor presentation and today's conference call will contain discussions of non-GAAP financial measures, which we believe are useful in evaluating our performance. These supplemental measures should not be considered in isolation or as a substitute for financial measures prepared in accordance with GAAP. Reconciliations to the most directly comparable GAAP measures are included in our earnings release and the appendix of today's accompanying presentation. I will now turn the call over to our CEO, Jason Long. Jason Long: Thanks, Mae, and good morning, everyone. I'm pleased to announce that we delivered another strong quarter, achieving record revenues and adjusted EBITDA. Our results were driven by organic growth across our core business, underpinned by WaterBridge's unique ability to handle and recycle the rising volumes of produced water across our scaled integrated network. We were able to monetize strong commercial demand for access to our existing infrastructure, especially along the Stateline where pore pressure constraints are limiting injection capacity. In addition to our organic growth and strong commercial execution, we also announced a number of accretive transactions that strengthen our position across the Delaware Basin. First, we closed the acquisition of Ranger Water Midstream. The acquisition increases our capacity in the highly active and disposal-constrained Lea County in New Mexico. The acquisition includes disposal wells with approximately 70,000 barrels per day of total permitted capacity, approximately 30 miles of produced water gathering pipelines, a water treatment facility with up to 100,000 barrels per day of capacity and 1.2 million barrels of storage capacity. The acquired infrastructure is adjacent to Speedway, creating meaningful opportunities for future integration, …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Jason Long | Chief Executive Officer & Director | USD 2,508,313 | Male | 1982 | Active |
Michael Reitz | Chief Operating Officer & President | USD 1,950,094 | Male | 1986 | Active |
Scott L. McNeely | Executive Vice President & Chief Financial Officer | USD 1,322,199 | Male | 1985 | Active |
Jason Williams | Executive Vice President & Chief Administrative Officer | USD 1,246,066 | Male | 1980 | Active |
Harrison F. Bolling | Executive Vice President & General Counsel | USD 1,243,446 | Male | 1983 | Active |
Mae Herrington | Director of Investor Relations | — | Male | — | Active |
Midstream MLPs and corporations generally posted strong second-quarter earnings, benefiting from record volume throughput, strong margins, and robust demand for natural gas and natural gas liquids (NGL) exports. Companies also demonstrated the defensive nature of their fee-based cash flows.
HOUSTON, Aug. 17, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corporation (NYSE: DVN) today announced a positive Final Investment Decision (“FID”) on the Solitude Pipeline System, a WhiteWater-led joint venture that will construct two 48-inch natural gas pipelines connecting the Permian Basin to Katy, TX. Solitude is the latest in a deliberate series of steps Devon has taken to integrate and consolidate the infrastructure supporting its Delaware Basin position.
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 (the “New Notes”). The Offering was upsized from the previously announced offering size of $100 million. The Offering is expected to close on August 18, 2026, subject to customary closing.
HOUSTON--(BUSINESS WIRE)--WaterBridge Infrastructure LLC (NYSE: WBI; NYSE Texas: WBI) (“WaterBridge”) announced today that WBI Operating LLC (the “Issuer”), a subsidiary of WaterBridge, intends, subject to market conditions, to offer $100 million in aggregate principal amount of 6.500% senior notes due 2033 (the “New Notes”) in a private placement to eligible purchasers (the “Offering”). The New Notes are being offered as additional notes under the indenture, dated as of October 6, 2025 (the “I.
WaterBridge Infrastructure LLC (WBI) Q2 2026 Earnings Call Transcript
| Report Date | Employees | Form Type | Filing Date | SEC Filing |
|---|---|---|---|---|
| Dec 31, 2025 | 540 | 10-K | Mar 16, 2026 | View |
