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 (WBI) filed a prospectus supplement to its Form S-1, updating a resale registration that permits the selling shareholders named in the prospectus to offer, from time to time, up to 83,250,000 Class A shares representing limited liability company interests. The Class A shares trade on the NYSE and NYSE Texas under the symbol WBI, and last closed at $31.78 on August 17, 2026.
The supplement attaches a current report describing that subsidiary WBI Operating LLC completed an upsized private placement of an additional $150,000,000 aggregate principal amount of 6.500% Senior Notes due 2033, increased from an initial $100,000,000 offering size. The company intends to use the net proceeds to repay a portion of outstanding borrowings under its revolving credit facility. These new notes form a single series with $600,000,000 of existing 6.500% senior notes due 2033, share substantially identical terms, and are guaranteed on a senior unsecured basis by all existing subsidiaries. The notes were issued in a private offering under Section 4(a)(2), resold to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S, and include standard optional redemption and change-of-control repurchase provisions.
WaterBridge Infrastructure LLC (WBI) reports that its subsidiary WBI Operating LLC completed a private placement of an additional $150,000,000 aggregate principal amount of 6.500% Senior Notes due 2033. The deal was upsized from $100,000,000, and the new notes were priced at par and issued as additional notes under the existing October 6, 2025 indenture, fungible with $600,000,000 of existing 6.500% notes due 2033.
Net proceeds are intended to repay a portion of borrowings under the revolving credit facility. The notes are senior unsecured and guaranteed jointly and severally by all existing subsidiaries. They rank equally with other senior debt but are effectively subordinated to secured debt and structurally subordinated to liabilities of any future non‑guarantor subsidiaries.
Before October 15, 2028, the issuer may redeem up to 40% of the aggregate principal amount of notes at 106.500% of principal with equity offering proceeds and may redeem all or part of the notes at make‑whole premiums before October 15, 2030. Upon a qualifying Change of Control with a ratings downgrade, holders may be offered repurchase at 101% of principal plus accrued interest. The offering was conducted as a private placement under Section 4(a)(2), with resales under Rule 144A and Regulation S.
Devon Energy Corporation and its subsidiaries report beneficial ownership of WaterBridge Infrastructure LLC. Through Devon WB Holdco L.L.C., the group reports beneficial ownership of 16,002,051 Class A shares representing limited liability company interests, calculated under Rule 13d-3 via redeemable OpCo Units and corresponding Class B shares.
Devon WB Holdco directly holds 16,002,051 Class B shares and 16,002,051 OpCo Units of WBI Operating LLC, which are redeemable one-for-one into newly issued Class A shares or cash, subject to the OpCo limited liability company agreement. Based on 55,453,118 Class A shares outstanding plus these redeemable units, this position represents 22.4% of the Class A shares under Rule 13d-3 and 13.0% on a fully diluted basis assuming redemption of all 68,003,091 OpCo Units. Voting and dispositive power over these securities is shared among Devon WB Holdco, WPX Energy Permian, LLC, WPX Energy, Inc., and Devon Energy Corporation.
WaterBridge Infrastructure LLC has filed a prospectus supplement covering the resale, from time to time, of up to 83,250,000 Class A shares by existing selling shareholders. Separately, subsidiary WBI Operating LLC plans, subject to market conditions, a private offering of $100,000,000 additional 6.500% Senior Notes due 2033 under Rule 144A and Regulation S, to be fungible with the existing $600,000,000 notes. WaterBridge intends to use net proceeds to repay borrowings under its revolving credit facility, which was recently upsized from $500.0 million to $750.0 million, with a further $250.0 million incremental capacity and reduced margins. The company reports strong non-GAAP performance, with Adjusted EBITDA of $218.7 million for the six months ended June 30, 2026 and $402.8 million for 2025, and Net Debt of $1.59 billion corresponding to Net Debt / Covenant EBITDA of 3.3x (3.5x as further adjusted). Recent growth initiatives include the $80 million Ranger Water Midstream acquisition, a pending Northern Delaware Basin landfill acquisition for net consideration of approximately $169 million, and the Speedway Pipeline project targeting up to 1.0 million bpd of produced water throughput capacity.
WaterBridge Infrastructure LLC is pursuing a private placement of an additional $100 million in aggregate principal amount of 6.500% senior notes due 2033 through subsidiary WBI Operating LLC. The new notes will be issued under the existing 2033 indenture alongside $600 million of already outstanding notes and will be fungible with those securities. WaterBridge plans to use the net proceeds to repay outstanding borrowings under its revolving credit facility.
The company highlights its scale as a pure-play water infrastructure operator with 2,814 pipeline miles, 225 water handling facilities and 5,524,790 Bbl/d of handling capacity as of June 30, 2026. Recent growth initiatives include the Speedway Pipeline project, the $80 million Ranger Water Midstream acquisition and a Northern Delaware Basin landfill acquisition with net consideration of approximately $169 million. On August 4, 2026, the issuer upsized its 2025 Revolving Credit Facility from $500.0 million to $750.0 million and reduced applicable margins and letter-of-credit fees by 0.25%. For the six months ended June 30, 2026, Adjusted EBITDA was $218.7 million versus $192.4 million a year earlier, with Net Debt of about $1.59 billion and Net Debt to Covenant EBITDA of 3.3x (or 3.5x as further adjusted).
Long Jason Thomas reported acquisition or exercise transactions in this Form 4 filing.
WaterBridge Infrastructure LLC reported that Chief Executive Officer and director Jason Thomas Long received an equity compensation award of 44,829 restricted stock units (RSUs), each representing a contingent right to one Class A Share. These RSUs will vest as to one-fifth of the underlying shares on each of the first five anniversaries of July 8, 2026. Following this award, Long directly holds 187,329 Class A Shares.
Bolling Harrison Fenner reported acquisition or exercise transactions in this Form 4 filing.
WaterBridge Infrastructure LLC reported that Executive VP and GC Bolling Harrison Fenner received an award of 29,886 restricted stock units (RSUs), each representing a contingent right to one Class A Share. The RSUs vest as to 1/5 of the underlying shares on each of the first five anniversaries of July 8, 2026. Following this grant, Fenner directly holds 101,886 Class A Shares, including the awarded RSUs.
McNeely Scott Lloyd reported acquisition or exercise transactions in this Form 4 filing.
McNeely Scott Lloyd, Executive VP and CFO of WaterBridge Infrastructure LLC, received a grant of 32,875 restricted stock units, each representing one Class A Share. The RSUs vest 1/5 on each of the first five anniversaries of July 8, 2026. Following this award, he directly holds 109,153 Class A Shares.
Williams Jason Frederick reported acquisition or exercise transactions in this Form 4 filing.
WaterBridge Infrastructure LLC reported that Executive VP and CAO Jason Frederick Williams received a grant of 29,886 restricted stock units (RSUs), each representing a contingent right to receive one Class A Share. The RSUs vest in five equal annual installments beginning with the first anniversary of July 8, 2026. Following this equity award, Williams directly holds 99,886 Class A Shares.
Reitz Michael Howard JR reported acquisition or exercise transactions in this Form 4 filing.
WaterBridge Infrastructure LLC reports that officer Michael Howard Reitz Jr., President and Chief Operating Officer, received a grant of 39,599 restricted stock units (RSUs), each representing a contingent right to one Class A Share. The RSUs vest as to 1/5 of the underlying shares on each of the first five anniversaries of July 8, 2026, and his directly owned Class A Shares reported after the award total 139,464.