earnings
confidence high
sentiment positive
materiality 0.80
WaterBridge Q3 pro forma revenue $205.5M (+8% QoQ); IPO, debt refinancing completed
WaterBridge Infrastructure LLC
2025-Q3 EPS reported
-$0.02
revenue$316,672,000
- Completed largest energy-sector IPO since 2019; NYSE listing with $3.0B market cap.
- Q3 pro forma revenue $205.5M, up 8% QoQ; pro forma Adjusted EBITDA $105.7M (51% margin).
- Produced water volumes 2.5M bbl/d (+7% QoQ); bpx Kraken pipeline online with 400K bbl/d capacity.
- Reached FID on Speedway Pipeline (mid-2026 expected); capex ~$290M.
- Post-quarter: $1.425B senior notes issued (6.25%/6.50%); new $500M revolving credit facility.