WaterBridge Q2 Revenue Reaches $217.8M, Guidance Lifted, Waste Business Doubles
WBI sits 80% above its 52-week low of $18.64.
Summary
WaterBridge reported Q2 revenue of $217.8M, up 8% sequentially, and raised full-year guidance. It also announced acquisitions and a new facility that double its waste management business, and expanded its credit facility by $250M.
Key Events · Earnings and Guidance · WBI
-
Q2 Revenue Grows 8% Sequentially
Revenue reached $217.8M, driven by a 6% increase in produced water handling volumes to 2.6 million barrels per day. Net income was $14.6M with a 7% margin, and Adjusted EBITDA rose to $115.8M (53% margin).
-
Full-Year Guidance Raised
2026 produced water handling volumes guidance increased to 2.55–2.75 MMBbl/d, Adjusted EBITDA to $435–$475M, and capital expenditures to $530–$590M, reflecting recent acquisitions and high-return projects.
-
Waste Management Business Doubles
WaterBridge agreed to acquire the NDB Landfill for net $169M and will construct a fourth facility in Stateline, doubling its environmental waste management site count and permitted capacity.
-
Ranger Water Midstream Acquired
Closed the $80M cash acquisition of Ranger Water Midstream in Lea County, NM, adding ~70 Mbpd of produced water handling capacity and expanding the Speedway service footprint.
Analysis · WBI · Energy & Transportation
WaterBridge delivered strong Q2 results with 8% sequential revenue growth and raised full-year guidance across all key metrics. The company also announced two acquisitions and a greenfield project that double its environmental waste management footprint, alongside a $250M credit facility expansion. These moves signal aggressive growth and operational momentum, though the increased capex and debt warrant attention.
How filings like this one have moved
In the 30 days to Sep 20, 2026, 34.7% of the 1039 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, WBI was trading at $33.55 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.