secwatch.observer — SEC 8-K summary
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Issuer:     WaterBridge Infrastructure LLC (WBI)
CIK:        0002064947
Form:       8-K
Filed at:   2025-11-12T23:59:59+00:00
Accession:  0001193125-25-278011
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WaterBridge Q3 pro forma revenue $205.5M (+8% QoQ); IPO, debt refinancing completed
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2064947/000119312525278011/0001193125-25-278011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2064947/000119312525278011/wbi-20251112.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-278011

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