WBI

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WaterBridge Infrastructure LLC Class A Shares Representing Limited Liability Company Interests

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Key Metrics

Previous Close: $31.74
52-Week Range: $18.64 – $36.89
Market Cap: $4.01B
P/E (TTM): —
EPS (TTM): -0.15
Dividend Yield: 0.63%

Advanced Metrics

Price/Book: 2.37
PEG Ratio: —
Return on Equity: —
Return on Assets: —
Gross Margin: 56.99%
Operating Margin: 18.50%
Profit Margin: 1.42%
Current Ratio: 1.54
Debt/Equity: 0.89
Total Debt: $1.62B
Free Cash Flow: —
Revenue Growth: 128.00%
Earnings Growth: 80.10%
Enterprise Value: $4.40B

WBI Income statement, annual periods, in USD
USD	FY2023	FY2024	FY2025
Revenue	$200.77M	$316.30M	$525.55M
Cost of Revenue	$145.47M	$227.85M	$383.31M
Gross Profit	$55.30M	$88.45M	$142.24M
Selling, General & Admin	$14.69M	$33.79M	$47.24M
Operating Expenses	$14.71M	$32.17M	$51.40M
Operating Income	$40.59M	$56.28M	$90.84M
EBITDA	$90.70M	$136.73M	$210.62M
Pretax Income	$14.78M	$3.31M	-$1.06M
Income Tax	$111.00K	$320.00K	-$1.06M
Net Income	$14.67M	$2.99M	$11.89M
Diluted EPS	0.38	0.08	-0.10
Diluted Shares	38.82M	38.82M	43.26M

WBI Cash Flow statement, annual periods, in USD
USD	FY2023	FY2024	FY2025
Operating Cash Flow	$48.47M	$73.86M	$159.69M
Capital Expenditure	-$147.97M	-$159.92M	-$278.57M
Free Cash Flow	-$99.50M	-$86.06M	-$118.87M
Depreciation & Amortisation	$49.69M	$80.06M	$142.73M
Stock-Based Compensation	-$359.00K	$9.53M	$5.34M
Investing Cash Flow	-$171.28M	-$323.66M	-$218.62M
Financing Cash Flow	$128.79M	$250.22M	$97.19M
Net Change in Cash	$5.98M	$415.00K	$38.26M

WBI Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$97.91M	$196.77M	$123.25M	$208.88M	$200.98M
Cost of Revenue	$62.99M	$175.16M	$88.25M	$162.05M	$152.78M
Gross Profit	$34.92M	$21.61M	$34.99M	$46.83M	$48.19M
Selling, General & Admin	$6.59M	$15.75M	$9.00M	$24.06M	$16.81M
Operating Expenses	$7.60M	$17.60M	$11.16M	$24.40M	$17.81M
Operating Income	$27.32M	$4.01M	$23.84M	$22.43M	$30.38M
EBITDA	$37.34M	$4.83M	$23.73M	$80.15M	$99.97M
Pretax Income	$1.79M	-$26.66M	$4.39M	-$14.37M	$10.58M
Income Tax	$79.00K	-$2.41M	-$366.00K	-$788.00K	$1.05M
Net Income	$1.71M	$1.50M	$6.92M	-$3.87M	$3.52M
Diluted EPS	0.04	—	-0.02	-0.09	0.07
Diluted Shares	38.51M	—	43.26M	43.26M	47.02M

WBI Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$40.94M	$297.14M	$346.65M	$51.54M	$50.67M
Receivables	$189.74M	$186.23M	$191.09M	$194.75M	$196.33M
Current Assets	$240.07M	$490.60M	$555.09M	$261.13M	$259.21M
Total Assets	$2.94B	$3.86B	$3.94B	$3.70B	$3.75B
Current Liabilities	$171.22M	$186.29M	$165.00M	$188.94M	$199.49M
Long-Term Debt	$1.66B	$1.68B	$1.68B	$1.43B	$1.46B
Total Debt	$1.67B	$1.71B	$1.72B	$1.45B	$1.47B
Total Liabilities	$1.96B	$2.10B	$2.08B	$1.85B	$1.90B
Retained Earnings	—	—	-$667.00K	-$4.54M	-$3.20M
Shareholders' Equity	$984.55M	$569.98M	$607.70M	$602.31M	$656.65M
Working Capital	$68.85M	$304.31M	$390.09M	$72.19M	$59.72M
Net Debt	$1.63B	$1.41B	$1.37B	$1.39B	$1.42B

Market Snapshot

About

WaterBridge Infrastructure LLC is a midstream energy company focused on owning and operating critical water infrastructure assets in the Permian Basin. The company provides water sourcing, transportation, recycling, and disposal services to oil and gas producers. WaterBridge helps operators manage their water needs efficiently while reducing environmental impact.