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.
WBI filed a Form 144 reporting proposed sales of Class A shares by affiliated holders. The filing lists a block of 6,193,800 Class A shares in the "Securities To Be Sold" line and shows proposed transactions dated 06/22/2026. The notice includes per-holder examples, including NDB Holdings LLC: 3,920,948 shares for $117,824,487.40 and WBR Holdings LLC: 1,430,814 shares for $42,995,960.70. The excerpt also lists Devon WB Holdco L.L.C.: 1,755,174 shares for $52,742,978.70. The filing references "Corporate reorganization and initial public offering" with a 09/18/2025 notation.
Entities associated with WaterBridge Infrastructure LLC director and major holder David N. Capobianco reported a large secondary transaction involving Class A and Class B interests. On June 22, 2026, NDB Holdings LLC, Desert Environmental Holdings LLC and WBR Holdings LLC completed a series of linked conversions and sales.
The filing shows an open-market and broker-assisted sale of 5,894,826 Class A shares at $30.05 per share by these entities, following the redemption of 4,464,012 WBI Operating LLC units and the related cancellation of an equal number of Class B shares into newly issued Class A shares. These steps were made in connection with sales pursuant to Rule 144.
After these transactions, WBR Holdings holds 1,980,921 Class A shares along with additional OpCo units and corresponding Class B shares, while NDB Holdings and Desert Holdings continue to own substantial OpCo units and matching Class B shares. The filing emphasizes that Mr. Capobianco and related general partner entities may be deemed to beneficially own these securities through their control of the LLCs, but each disclaims beneficial ownership except to the extent of any pecuniary interest.
WBI-affiliated holders filed Form 144 notices to sell Class A shares. The filing lists proposed sales dated 06/22/2026, including examples shown: NDB Holdings LLC 3,920,948 shares, Desert Environmental Holdings LLC 543,064 shares, and Devon WB Holdco L.L.C. 1,755,174 shares. The excerpt also shows per-holder dollar amounts alongside each share count.
WaterBridge Infrastructure LLC received an amendment to a Schedule 13G/A filing from Elda River Infrastructure WB LLC and Elda River Capital Management, LLC reporting 0.00% beneficial ownership of Class A shares (CUSIP 940923105). The filing states the reporting persons hold "Ownership of 5 percent or less of a class." The amendment is signed by Eric Scheyer, Managing Partner with signature dates 05/11/2026.
WaterBridge Infrastructure LLC reporting entities recorded an internal restructuring involving OpCo Units and related share classes. On the reported date, they made an in-kind distribution of 2,456,248 OpCo Units and a corresponding number of Class B Shares to certain members for no consideration.
After this transaction, the group’s holdings totaled 56,226,677 Class B Shares and OpCo Units. These are held of record by WBR Holdings LLC, NDB Holdings LLC and Desert Environmental Holdings LLC, with indirect beneficial ownership interests attributed to various Five Point Energy-sponsored vehicles as described in the footnotes.
WaterBridge Infrastructure LLC director and 10% owner David N. Capobianco reported an internal restructuring involving an in-kind distribution of 2,456,248 Class B Shares and 2,456,248 OpCo Units to certain members of NDB Holdings LLC and Desert Environmental Holdings LLC for no consideration.
After these transactions, indirect holdings attributed to associated entities include 11,063,925 Class B Shares held by WBR Holdings LLC, 39,668,328 OpCo Units and the same number of Class B Shares held by NDB Holdings LLC, and 5,494,224 OpCo Units with a corresponding number of Class B Shares held by Desert Holdings. Each OpCo Unit may be redeemed for Class A Shares on a one-to-one basis or for cash, and the OpCo Units do not expire. Various Five Point Energy entities and Mr. Capobianco may be deemed to beneficially own these securities but disclaim beneficial ownership except to the extent of any pecuniary interest.
WaterBridge Resources LLC and WaterBridge NDB LLC, both ten percent owners of WaterBridge Infrastructure LLC, reported an in-kind restructuring transaction. They distributed 2,456,248 OpCo Units and a corresponding number of Class B Shares to certain members for no consideration.
After this non-cash distribution, the reporting structure shows 56,226,677 Class B Shares or OpCo Units indirectly held, including 11,063,925 Class B Shares at WBR Holdings, 39,668,328 OpCo Units with matching Class B Shares at NDB Holdings, and 5,494,224 OpCo Units with matching Class B Shares at Desert Environmental Holdings.
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.
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 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.