Welcome to our dedicated page for WaterBridge Infrastructure SEC filings (Ticker: WBI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
WaterBridge Infrastructure LLC (NYSE: WBI) files a range of documents with the U.S. Securities and Exchange Commission that provide detailed insight into its business as an integrated, pure-play water infrastructure company. As an issuer with Class A shares listed on the New York Stock Exchange and NYSE Texas, WaterBridge submits annual and quarterly reports, current reports on Form 8-K and registration statements that describe its produced water infrastructure network, long-term contracts with exploration and production companies and its capital structure.
Current reports on Form 8-K for WaterBridge have disclosed material events such as the completion of its upsized initial public offering of Class A shares, the entry into material definitive agreements related to senior unsecured notes due 2030 and 2033 by subsidiary WBI Operating LLC, and the use of proceeds to repay legacy term loan facilities. Other 8-K filings have reported transaction-related bonuses, governance changes including the appointment of independent directors to the board and committee assignments, and the release of quarterly financial results.
Quarterly reports on Form 10-Q, referenced in the company’s press releases, contain financial statements, management’s discussion and analysis, and additional information on produced water handling volumes, revenue and margins. These filings help investors understand how WaterBridge’s network of pipelines and produced water handling facilities supports its operations in the Delaware Basin and other basins where it has assets.
On this SEC filings page, users can access WaterBridge’s 10-K and 10-Q reports, 8-K current reports and related exhibits as they are made available through EDGAR. AI-powered summaries can assist by highlighting key terms in senior note indentures, summarizing material events, and clarifying how changes in governance, financing arrangements and operational metrics appear in the company’s regulatory disclosures. Form 4 and other ownership-related filings, when present, can provide additional context on insider transactions and equity-based compensation linked to WaterBridge’s Class A shares.
WaterBridge Infrastructure LLC registers up to 83,250,000 Class A shares for resale. This prospectus supplement (dated April 14, 2026) updates the Form S-1 prospectus and attaches a Form 8-K. The supplement states the last reported sales price was $25.87 per Class A share on April 14, 2026.
The Form 8-K discloses the Board appointed Valerie Chase as an independent director and Chair of the Audit Committee, with a term expiring at the 2026 annual meeting. Director compensation includes 2,830 RSUs vesting on September 18, 2026, an annual cash retainer of $100,000, plus $10,000 for Audit Committee membership and $10,000 as Audit Committee Chair. The company states it is a "controlled company" under NYSE rules.
Chase Valerie reported acquisition or exercise transactions in this Form 4 filing.
WaterBridge Infrastructure LLC director Valerie Chase received a grant of 2,830 Class A share equivalents as restricted stock units. The award was recorded at a price of $0.00 per share as equity compensation, increasing her directly held position reported in this filing to 2,830 shares or share equivalents.
The footnote explains that each RSU represents a contingent right to receive one Class A share, and the RSUs will vest on the first anniversary of the company’s IPO date, which was September 18, 2025. This is a routine, non-cash compensation grant rather than an open-market purchase or sale.
WaterBridge Infrastructure LLC director Valerie Chase has filed an initial statement of beneficial ownership on Form 3. The filing lists her as a director of the company and reports no insider transactions or holdings details in this submission.
WaterBridge Infrastructure LLC appointed Valerie Chase to its Board of Directors, with her term expiring at the company’s 2026 annual meeting of shareholders or earlier if she resigns or is removed. She will serve as an independent director and Chair of the Audit Committee, replacing Kara Goodloe Harling in that committee role while Ms. Goodloe Harling remains on the Board.
Chase brings more than 20 years of experience in finance, accounting and corporate governance, including senior roles at Apache Corporation and as Vice President, Chief Accounting Officer and Controller of Magnolia Oil & Gas Corporation. As a non-employee director, she will receive a grant of 2,830 restricted stock units vesting on September 18, 2026, an annual cash retainer of $100,000 for Board service, plus $10,000 annually for Audit Committee membership and an additional $10,000 annually for serving as Audit Committee Chair, all paid quarterly and prorated for partial service periods.
The company also entered into an indemnification agreement with Chase dated April 13, 2026, under which she is entitled to indemnification and expense advancement to the fullest extent permitted by law for liabilities arising from her service to the company.
WaterBridge Infrastructure LLC registers 83,250,000 Class A shares for resale by selling shareholders, covering shares that may be resold from time to time by those holders. The prospectus states the company will not sell any shares hereunder and will receive no proceeds from resales. The filing lists 123,456,209 Class A shares to be outstanding immediately after full resale registration and discloses a $0.05 per-share cash dividend paid on March 19, 2026. The registration includes shares issuable upon redemption of OpCo Units and describes Redemption and Call rights linking OpCo Units with Class B shares; it also notes Five Point’s controlling voting stake and related governance/consent rights.
WaterBridge Infrastructure LLC has filed a prospectus covering the resale, from time to time, of up to 83,250,000 Class A shares by existing selling shareholders. The company itself is not selling shares under this prospectus and will not receive any proceeds from these resales.
After the sale of all shares registered in this offering, 123,456,209 Class A shares would be outstanding. WaterBridge operates a large produced water infrastructure network serving oil and gas producers in the Delaware Basin and is a “controlled company,” with Five Point holding about 50.3% of combined voting power as of March 20, 2026.
WaterBridge Infrastructure LLC reported fourth quarter and full year 2025 results, showing growing volumes and revenue but continued net losses. Fourth quarter produced water handling volumes averaged 2.6 million barrels per day, with revenue of $208.9 million, up 2% from the prior quarter, and a net loss of $13.6 million with a 7% net loss margin. Adjusted EBITDA was $103.8 million, giving a 50% Adjusted EBITDA margin. For 2025, combined produced water handling volumes averaged 2.4 million barrels per day, up 15% year-over-year, while pro forma revenue reached $790.0 million, up 19%. Pro forma net loss was $58.1 million with a 7% margin, and pro forma Adjusted EBITDA was $402.8 million with a 51% margin. Liquidity totaled $526.5 million as of December 31, 2025, including $475.0 million of revolver capacity and $51.5 million of cash, against $1.465 billion of borrowings. The company declared an inaugural quarterly dividend of $0.05 per Class A share and guided 2026 Adjusted EBITDA to $420–$460 million and capital expenditures of $430–$490 million, driven by its Speedway Pipeline and other minimum volume commitment-backed projects.
WaterBridge Infrastructure LLC operates a large-scale water midstream business focused on handling produced water for oil and gas producers, primarily in the Delaware Basin. The company manages about 2,500 miles of pipelines and 201 produced water handling facilities with roughly 4.7 million barrels per day of capacity, supported by approximately 2.4 million dedicated acres under long-term, fixed-fee contracts.
Its model emphasizes 10–15+ year acreage dedications, minimum volume commitments and CPI-linked fee escalators, providing recurring revenue tied to long-life oil and gas production. Key customers include Devon, bpx energy, EOG and Permian Resources; the top five water customers contributed about 51% of 2025 water-related revenue, with Devon alone accounting for about $98 million, or 19%. Strategic relationships with LandBridge and Texas Pacific Land give preferred access to underutilized pore space and surface rights, underpinning future disposal capacity and projects such as the Speedway Pipeline, which is expected to reach up to 1.0 million barrels per day of throughput when fully built.
Horizon Kinetics Asset Management LLC, a Delaware entity and wholly owned subsidiary of Horizon Kinetics Holding Corporation, reported a significant ownership position in WaterBridge Infrastructure LLC.
The firm beneficially owns 6,837,520 Class A shares, representing 15.8% of the class, with sole voting and sole dispositive power over all of these shares and no shared power.
Horizon Kinetics certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose, or with the effect, of changing or influencing control of WaterBridge Infrastructure LLC.