Every 8-K 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 8-K covers material events a company has to report between its quarterly 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 (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.
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).
WaterBridge Infrastructure LLC reported solid second-quarter 2026 growth, with produced water handling volumes of 2.6 million barrels per day, up 6% sequentially. Revenue was $217.8 million, an 8% increase from the first quarter, while net income reached $14.6 million and Adjusted EBITDA rose to $115.8 million, yielding a 53% Adjusted EBITDA margin and 7% net income margin. Quarterly capital expenditures were $123.3 million, largely for the Speedway pipeline and Stateline infrastructure.
Strategically, WaterBridge closed the $80 million Ranger Water Midstream acquisition in Lea County, New Mexico, adding 70,000 barrels per day of permitted capacity, 30 miles of pipelines and 1.2 million barrels of storage. It agreed to acquire the 560-acre NDB Landfill for $169 million net consideration and to construct a fourth Stateline waste facility, steps expected to double environmental waste management sites and more than double permitted waste handling capacity. Full-year 2026 guidance was raised, including produced water volumes of 2.55–2.75 million Bbl/d, Adjusted EBITDA of $435–$475 million and capital expenditures of $530–$590 million. The board declared a quarterly dividend of $0.05 per share.
Liquidity was $347.6 million as of June 30, 2026, including $300.0 million of revolver availability and $47.6 million of cash, against $1.636 billion of total borrowings. After quarter-end, WaterBridge increased revolving commitments from $500.0 million to $750.0 million, with potential to reach $1.0 billion, and reduced borrowing spreads by 25 basis points.
WaterBridge Infrastructure LLC reported results of its 2026 annual shareholder meeting. As of the April 23, 2026 record date, the company had 47,016,059 Class A shares and 76,440,150 Class B shares outstanding, with 112,290,709 common shares represented, about 90.95% of voting power, establishing a quorum.
Shareholders elected all 13 director nominees to serve until the 2027 annual meeting. They also ratified Deloitte & Touche LLP as independent auditor for the year ending December 31, 2026, with 112,126,827 votes for and 152,412 against.
On a non-binding basis, shareholders approved compensation for the named executive officers, with 107,003,160 votes for and 113,269 against. They also supported holding future advisory votes on executive compensation every year, with 105,442,714 votes favoring an annual frequency, and the board adopted this one-year schedule.
WaterBridge Infrastructure LLC reported first quarter 2026 results showing a return to profitability and higher full-year guidance. Revenue was $201.0 million versus $208.9 million in the fourth quarter of 2025, reflecting seasonally lower activity. Net income was $9.5 million, compared with a $13.6 million loss in the prior quarter, while Adjusted EBITDA was $102.9 million versus $103.8 million. Average produced water handling volumes were 2.5 million barrels per day, down 4% sequentially, but margins improved, with Adjusted EBITDA Margin at 51%. The company raised its 2026 outlook to produced water handling volumes of 2.525–2.725 million barrels per day and Adjusted EBITDA of $425–$465 million, and reaffirmed capital expenditures guidance of $430–$490 million. WaterBridge reported total liquidity of $500.7 million, including $50.7 million of cash and $450.0 million of available revolver capacity, against $1.486 billion of borrowings, and declared a $0.05 per share quarterly dividend.
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 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 appointed Janet Carrig to its Board of Directors effective December 12, 2025, with a term running until the 2026 annual meeting of shareholders or her earlier resignation or removal. The Board determined she is an independent director under New York Stock Exchange, NYSE Texas and SEC rules and named her to the Audit Committee, where she replaces Michael Sulton, who will remain on the Board.
Carrig has more than 20 years of legal experience, including senior roles at ConocoPhillips and Kellogg Company, and currently serves on several public company boards. Under the company’s non-employee director compensation policies, she will receive 6,500 restricted stock units under the long-term incentive plan, an annual cash retainer of $100,000 for Board service, and an additional $10,000 annually for Audit Committee service, paid quarterly and prorated for partial quarters. The company also entered into an indemnification agreement with her consistent with its standard form, and it states there are no related-party arrangements or transactions requiring disclosure.
WaterBridge Infrastructure LLC (NYSE: WBI) furnished an update reporting it announced financial results for the quarter ended September 30, 2025 and posted an accompanying investor presentation. The press release is furnished as Exhibit 99.1, and the presentation, titled “WaterBridge Earnings Presentation 3Q 2025,” is available on the company’s website in the Events & Presentations section. The information under Items 2.02 and 7.01 is furnished, not filed, under the Exchange Act.
WaterBridge Infrastructure LLC reported one-time cash bonuses tied to the successful consummation of its initial public offering of Class A shares. The board approved these transaction bonuses on October 7, 2025 to recognize employee efforts, including certain named executive officers.
- Chief Executive Officer Jason Long: $590,000 (paid October 10, 2025)
- President and Chief Operating Officer Michael Reitz: $535,000
- Executive Vice President, Chief Financial Officer Scott McNeely: $470,000
- Executive Vice President, General Counsel Harrison Bolling: $430,000
These awards are described as one-time bonuses connected to the IPO completion.
WaterBridge Infrastructure LLC completed a private placement of senior unsecured notes through its subsidiary WBI Operating LLC. The Issuer sold $825 million of 6.250% Senior Notes due 2030 and $600 million of 6.500% Senior Notes due 2033, upsized from an initial $1,400,000,000 aggregate offering.
The company stated that net proceeds, together with cash on hand, will be used to repay all outstanding borrowings under legacy term loan facilities and for general corporate purposes and working capital. As of September 29, 2025, legacy term loan borrowings totaled $1.712 billion.
The notes are guaranteed on a senior unsecured basis by all existing subsidiaries and include customary covenants and events of default. Optional redemption features include equity claw provisions (up to 40% before specific dates) and make-whole/redemption premiums as outlined in the indentures. Upon a qualifying Change of Control combined with a downgrade by two rating agencies, holders may be offered repurchase at 101% of principal plus accrued interest.