WBI · WaterBridge Infrastructure LLC
$32.69
+1.08 (+3.42%)
At close · Aug 27
Market Cap
$3.90B
Shares
123.46M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$32.69
Open$31.41
Day$31.16–32.80
Available close range$18.76–36.21
Avg vol 30d600K
Short int5.0M · 4.1% float · 8.6d
Short vol67%
Last earningsAug 6, 2026
DataSep 2025–Aug 2026
Filing10-Q · Aug 6
The closing range uses available history since Sep 17, 2025; less than a full year is stored.
Up next
Next earnings call
Nov 5, 2026
Est · unconfirmed
· in 10 wks
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed Aug 6, 2026
AI Brief
TL;DR.
Bullish
Bearish
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceOverall
Neutral
SellHoldBuy
Technical
Buy
Momentum
Very Strong
Sentiment
Bullish
Fundamentals
Fair
Quant / Vol
Very High
Market backdrop
VIX 15.2 · calm
Equity put/call 0.64
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
+21%
above
Price vs 50-day avg
−0%
below
RSI (14)
52
neutral
MACD trend
Positive
52-week position
80%
mid-range
Momentum
relative strength
1-month return
−1%
trailing
6-month return
+30%
trailing
YTD return
+63%
this year
Relative strength
+17%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $33 › 200d $27 — 50d above 200d
Institutional flow
Accumulating
+4% holders QoQ · +46 funds added
Insider flow
Distributing
Net -$584.2M over 90 days · 100% sells
Short interest
Falling
4.08% of float · ▼ -8.2% MoM · 8.6 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
164 holders — near 1-yr high, broad support
Squeeze score
65
elevated · 0–100
Fundamentals
Revenue growth
+66%
Y/Y
Balance sheet
$1.4B
net debt
Quant / Vol
risk profile
Volatility
46%
annualized · 1-yr
Max drawdown
−31%
past year
ATR
4.1%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed Aug 5, 2026
Capital expenditures
· full year 2026
Raised
$530M – $590M
May 6, 2026
$430M – $490M
changed to
Aug 5, 2026
$530M – $590M
Adjusted EBITDA
· full year 2026
Non-GAAP
Raised
$435M – $475M
May 6, 2026
$425M – $465M
changed to
Aug 5, 2026
$435M – $475M
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Buy
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
+21%
Bullish
Price vs 50-day avg
−0%
Neutral
RSI (14)
52
Neutral
MACD trend
Positive
Bullish
52-week position
80%
Neutral
Market signals — smart money & positioning
Bullish · 3 of 6
Trend (MA cross)
No cross
50d $33 › 200d $27 — 50d above 200d
Institutional flow
Accumulating
+4% holders QoQ · +46 funds added
Insider flow
Distributing
Net -$584.2M over 90 days · 100% sells
Short interest
Falling
4.08% of float · ▼ -8.2% MoM · 8.6 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
164 holders — near 1-yr high, broad support
Price context
position in its available closing range
Range low $19
Now $33 · 80%
Range high $36
vs 200-day avg +21%
vs 50-day avg 0%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Brackish water | 33 | the three months ended June 30, 2026 filing | — |
| EBITDA non-GAAP | 111.57M | Three Months Ended June 30, 2026 filing | — |
| Recycled produced water | 328 | the three months ended June 30, 2026 filing | — |
| Skim oil realization | 0.09% | the three months ended June 30, 2026 filing | — |
| Skim oil realized price | $94.24 | the three months ended June 30, 2026 filing | — |
| Skim oil volumes | 2,337 | the three months ended June 30, 2026 filing | — |
| Total | 2,959 | the three months ended June 30, 2026 filing | — |
| Total water solutions volumes | 361 | the second quarter of 2026 filing | — |
| Adjusted EBITDA non-GAAP | $115.8M | second quarter of 2026 | — |
|
|
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GAAP → non-GAAP reconciliationGAAP EBITDA 111.57M
+3.24M TRA remeasurement loss
+1.75M Share-based compensation - RSUs
+835K Share-based compensation - NDB Incentive Units
+211K Transaction-related expenses
+8K Loss (gain) on disposal of assets, net
-298K Sales tax liability release
+0K Temporary power costs
+0K Debt modification and extinguishment costs
-1.55M Other
= Adjusted EBITDA 115.77M
|
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| Adjusted EBITDA Margin non-GAAP | 53% | second quarter of 2026 | — |
|
|
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| Adjusted Operating Margin non-GAAP | $124.1M | second quarter of 2026 | — |
|
|
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GAAP → non-GAAP reconciliationGAAP Gross margin 58.12M
-10.82M Less: Other revenues
+4.71M Less: Cost of other revenues
+72.1M Depreciation, depletion, amortization and accretion
= Adjusted Operating Margin 124.11M
|
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| Adjusted Operating Margin per barrel non-GAAP | $0.46 | second quarter of 2026 | — |
|
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| Produced water handling volumes | 2.6M | second quarter of 2026 | — |
|
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| Total liquidity | $347.6M | as of June 30, 2026 | — |
| Total volumes | 269,311 | Three Months Ended June 30, 2026 | — |
|
|
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| Combined total volumes non-GAAP | 1,017,236 | Year Ended December 31, 2025 | — |
| Gross margin per Bbl non-GAAP | $0.18 | Three Months Ended December 31, 2025 | — |
| Pro forma Adjusted EBITDA non-GAAP | 402.8M | Year Ended December 31, 2025 | — |
GAAP → non-GAAP reconciliationGAAP Pro forma net loss -58.1M
+273.61M Depreciation, depletion, amortization, and accretion
+138.47M Interest expense, net
-4.98M Income tax benefit
+8.42M Share-based compensation - NDB Incentive Units
+1.74M Share-based compensation - RSUs
+1.29M Temporary power costs
+12.25M Loss (gain) on disposal of assets, net
+11.72M Debt modification and extinguishment costs
+15.77M Transaction related-expenses
-237K Sales tax liability release
+0K Litigation settlements and expenses
+0K Asset integration costs
+2.84M Other
= Pro forma Adjusted EBITDA 402.8M
|
|||
| Pro forma Adjusted EBITDA margin non-GAAP | 51% | Year Ended December 31, 2025 | — |
| Pro forma Adjusted Operating Margin non-GAAP | 416.86M | Year Ended December 31, 2025 | — |
GAAP → non-GAAP reconciliationGAAP Pro forma produced water handling and water solutions gross margin 209.12M
-18.43M Less: Produced water handling and water solutions other revenues
+226.17M Pro forma depreciation, amortization, and accretion
= Pro forma Adjusted Operating Margin 416.86M
|
|||
| Pro forma Adjusted Operating Margin per Bbl non-GAAP | $0.41 | Year Ended December 31, 2025 | — |
| Pro forma gross margin per Bbl non-GAAP | $0.21 | Year Ended December 31, 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Oil & Gas Equipment & Services — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
WBI
this stock
WaterBridge Infrastructure LLC
|
$3.90B | +63.4% | +66.2% | — | 4.1% |
|
SLB
Slb Limited/Nv
|
$79.55B | +39.7% | +9.5% | 26.2 | 3.7% |
|
BKR
Baker Hughes Co
|
$61.00B | +36.1% | -0.3% | — | 2.4% |
|
FTI
TechnipFMC plc
|
$29.93B | +69.9% | +9.4% | 26.6 | 3.3% |
|
HAL
Halliburton Co
|
$29.57B | +21.9% | +22.5% | — | 3.7% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| WBI | +0.6% | -0.7% | +29.6% | -4.5% | +63.4% |
| SPY | -0.4% | +5.0% | +12.4% | +2.6% | +12.3% |
| vs SPY | +1.0% | -5.7% | +17.1% | -7.0% | +51.0% |
Capital returns
Latest dividend
$0.05
/ share · ex Aug 27, 2026
Paid (TTM)
$0.15
/ share · 3 payouts
Dividend yield (TTM, derived)
0.46%
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
2064947
CUSIP
940923105
13F (30d)
141 filings
141 filers
Visit website
Investor relations