Every 10-Q that WaterBridge Infrastructure LLC (WBI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow WBI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full WBI filings page.
WaterBridge Infrastructure LLC reported substantial growth for the quarter ended June 30, 2026. Total revenues were 217,772 (in thousands), up from 95,512 (in thousands) a year earlier, led by produced water handling and skim oil. Operating income rose to 40,268 (in thousands), and net income reached 14,555 (in thousands). Net income attributable to Class A shareholders was 5,109 (in thousands), or $0.10 per share.
For the first six months of 2026, revenues were 418,749 (in thousands) with net income of 24,076 (in thousands) and 159,998 (in thousands) of cash provided by operating activities. The company closed the 82,852 (in thousands) Ranger Water Midstream acquisition and invested 234,226 (in thousands) in capital expenditures, funded partly by increasing borrowings under its revolving credit facility to 200,000 (in thousands). As of June 30, 2026, total assets were 3,938,213 (in thousands) and long-term debt was 1,609,931 (in thousands). Subsequent to quarter end, revolving credit commitments were increased to 750,000 (in thousands), and WaterBridge agreed to acquire an environmental waste management facility in New Mexico for approximately 189,000 (in thousands), partially offset by a 20,000 (in thousands) surface sale.
WaterBridge Infrastructure LLC reported sharply higher Q1 2026 results. Total revenues reached $200.98 million for the three months ended March 31, 2026, compared with $97.91 million a year earlier, driven mainly by produced water handling and skim oil revenues.
Net income rose to $9.52 million from $1.71 million, with net income attributable to WaterBridge at $3.52 million, or $0.08 per basic and diluted Class A share. Operating cash flow increased to $95.10 million, while capital expenditures were $110.94 million, reflecting continued network investment.
At March 31, 2026, cash and cash equivalents were $50.67 million and total debt was $1.49 billion, including $1.43 billion of senior notes and $50.0 million drawn on the 2025 Revolving Credit Facility. Shareholders’ equity was $1.85 billion, with 47,016,059 Class A shares and 76,440,150 Class B shares outstanding. The company paid a $0.05 per-share dividend on Class A shares and a corresponding distribution to OpCo unitholders.
WaterBridge Infrastructure LLC filed its Q3 2025 10‑Q, reporting total revenues of $123.250 million, driven primarily by produced water handling revenues of $111.375 million. Operating income was $23.694 million and net income was $4.756 million. After the IPO, net loss attributable to WaterBridge Infrastructure LLC was $0.667 million, reflecting noncontrolling interests.
As of September 30, 2025, cash and cash equivalents were $346.649 million, long‑term debt (net) was $1.682 billion, and total liabilities were $2.079 billion. Year‑to‑date cash from operations was $71.515 million.
The company completed an IPO on September 18, 2025 of 31,700,000 Class A shares at $20.00 per share, and underwriters purchased an additional 4,755,000 shares, yielding net proceeds of approximately $672.8 million. Proceeds were used to purchase OpCo interests ($228.2 million), repay credit facilities and a term loan ($130.0 million), and, on October 6, 2025, to help retire term loans alongside $1.4 billion of new notes. As of November 12, 2025, shares outstanding were 43,264,850 Class A and 80,190,150 Class B.