WaterBridge Q2 Revenue Reaches $217.8M, Guidance Lifted, Waste Business Doubles

summarizeSummary

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.

check_boxKey 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.

auto_awesomeAnalysis · 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.