earnings
confidence high
sentiment positive
materiality 0.80
WaterBridge Q2 revenue $217.8M, Adj. EBITDA $115.8M; raises FY guidance, announces two acquisitions
WaterBridge Infrastructure LLC
- Q2 produced water volumes 2.6M bbl/d (+6% QoQ); revenue $217.8M (+8% QoQ); net income $14.6M; Adj. EBITDA $115.8M (from $102.9M in Q1).
- Closed Ranger Water Midstream acquisition for $80M cash, adding ~70 Mbpd capacity in Lea County, NM.
- Agreed to acquire NDB Landfill for net $169M; greenfield Stateline landfill construction to double waste management sites.
- Raised FY2026 guidance: volumes 2.55-2.75M bbl/d, Adj. EBITDA $435-475M, CapEx $530-590M.
- Declared $0.05/share dividend payable Sept 10; amended credit facility to $750M revolver with lower margins.