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WaterBridge Infrastructure LLC 424B Filings

WBI NYSE

Every 424B that WaterBridge Infrastructure LLC (WBI) has filed with the SEC in the last 12 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 424B covers the supplement that carries the terms of a priced offering, 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.

Rhea-AI Summary

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.

Rhea-AI Summary

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.

Rhea-AI Summary

WaterBridge Infrastructure LLC is registering for resale by selling shareholders up to 83,250,000 Class A shares representing limited liability company interests under an existing S-1 prospectus. The shares trade on the NYSE and NYSE Texas under the symbol WBI, with a last reported price of $33.46 on August 4, 2026.

For the quarter ended June 30, 2026, WaterBridge reported total revenue of $217.8 million and net income of $14.6 million, with operating income of $40.3 million. Produced water handling, including skim oil, remained the core business, generating $197.6 million of revenue. Net income attributable to WaterBridge was $5.1 million, or $0.10 per basic and diluted Class A share.

Total assets were $3.94 billion and total debt was $1.64 billion, including $1.43 billion of senior notes and $200 million drawn on the 2025 Revolving Credit Facility. Operating activities provided $160.0 million of cash in the first half of 2026, while capital expenditures and acquisitions used $315.7 million. The company acquired Ranger Water Midstream LLC for $82.9 million and, after quarter-end, increased its revolver commitments to $750 million and agreed to acquire an environmental waste management facility in New Mexico for net consideration of approximately $169 million.

Rhea-AI Summary

WaterBridge Infrastructure LLC is registering up to 83,250,000 Class A shares for resale by selling shareholders pursuant to the prospectus supplement dated June 24, 2026. The supplement updates the prospectus with information from a Form 8-K reporting the Company’s 2026 annual meeting results.

The Company reported 47,016,059 Class A shares outstanding as of April 23, 2026 and 76,440,150 Class B shares outstanding as of April 23, 2026. Shareholders voted to elect all 13 director nominees, ratify Deloitte & Touche LLP as auditor, approve named executive officer compensation on an advisory basis, and set future advisory votes on executive compensation to occur every one year. Voting participation represented approximately 90.95% of total voting power.

Rhea-AI Summary

WaterBridge Infrastructure LLC filed a prospectus supplement to its Form S-1 registering for resale up to 83,250,000 Class A shares by selling shareholders. The supplement attaches WaterBridge’s Form 10‑Q for the quarter ended March 31, 2026 and updates the Prospectus with that quarterly information. The filing notes 47,016,059 Class A shares outstanding and 76,440,150 Class B shares outstanding as of May 6, 2026, and discloses a last reported NYSE price of $30.60 per Class A share on May 5, 2026. The prospectus supplement describes the resale offer by selling shareholders and must be read with the underlying Prospectus.

Rhea-AI Summary

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.

Rhea-AI Summary

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.