WaterBridge Q2 Revenue Hits $217.8M, Raises Guidance, and Expands Credit Facility to $750M
WBI sits 80% above its 52-week low of $18.64.
Summary
WaterBridge Infrastructure reported Q2 2026 revenue of $217.8 million, up 128% year-over-year, raised full-year guidance, and expanded its credit facility to $750 million. The company also disclosed two acquisitions and the start-up of its Speedway pipeline.
Key Events · Earnings and Guidance · WBI
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Q2 Revenue More Than Doubles
Revenue reached $217.8 million, a 128% increase from Q2 2025, driven by produced water handling volumes of 2,598 MBbl/d (up 114%) and higher skim oil prices.
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Full-Year Guidance Raised
Management raised its full-year 2026 outlook following the strong quarter, citing continued volume growth and commercial momentum.
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Credit Facility Upsized to $750M
The revolving credit facility was increased from $500 million to $750 million, with an additional $250 million accordion feature, and borrowing margins were reduced by 0.25%.
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Ranger Water Midstream Acquired for $82.9M
On June 22, 2026, WaterBridge acquired Ranger Water Midstream, adding produced water gathering, disposal, recycling, and brackish water assets in Lea County, New Mexico.
Analysis · WBI · Energy & Transportation
WaterBridge delivered a strong second quarter with revenue more than doubling year-over-year to $217.8 million, driven by a 114% surge in produced water handling volumes. The company raised full-year guidance and simultaneously upsized its revolving credit facility by $250 million to $750 million while reducing borrowing costs — a clear signal of both operational momentum and improved financial flexibility. The filing also reveals the $82.9 million acquisition of Ranger Water Midstream and a pending $169 million environmental waste facility deal, underscoring an aggressive growth strategy. Against a backdrop of heavy insider selling over the past 90 days, these results and capital moves provide a counter-narrative of fundamental strength.
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.