WaterBridge Q2 Revenue Doubles to $218M, Raises Guidance, and Announces $169M Acquisition
WBI sits 80% above its 52-week low of $18.64.
Summary
WaterBridge Infrastructure reported Q2 2026 revenue of $217.8 million, more than double the prior year, driven by record produced water handling volumes. The company raised full-year guidance and announced a $169 million acquisition alongside a credit facility expansion.
Key Events · Earnings and Guidance · WBI
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Revenue More Than Doubles
Q2 2026 revenue reached $217.8 million, a 128% increase year-over-year, driven by a 114% rise in produced water handling volumes to 2,598 MBbl/d.
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Profitability Surges
Net income doubled to $14.6 million, and Adjusted EBITDA nearly tripled to $115.8 million, with Adjusted EBITDA margin expanding to 53% from 42% a year ago.
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Full-Year Guidance Raised
Management raised full-year 2026 guidance, reflecting confidence in continued volume growth and operational execution.
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$169M Acquisition Announced
WaterBridge agreed to acquire an environmental waste management facility in Lea County, New Mexico for net consideration of $169 million, funded via the revolver and cash on hand.
Analysis · WBI · Energy & Transportation
WaterBridge delivered a standout quarter with revenue more than doubling year-over-year to $217.8 million, driven by a 114% surge in produced water handling volumes. Net income doubled to $14.6 million, and Adjusted EBITDA nearly tripled to $115.8 million. Management raised full-year guidance, signaling confidence in continued momentum. The company also announced a $169 million acquisition of an environmental waste management facility and upsized its revolving credit facility to $750 million on improved terms, providing ample liquidity for growth. These results reinforce WaterBridge's position as the largest produced water infrastructure network in the U.S., benefiting from resilient Permian Basin activity despite geopolitical volatility.
At the time of this filing, WBI was trading at $33.54 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $4.1B. The 52-week trading range was $18.64 to $36.89. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.