WaterBridge Infrastructure Q2 revenue rises 8% on higher volumes

Waterbridge Infrastructure LLC

05/08/2026 21:24

Overview
US water infrastructure operator's Q2 revenue rose 8% quarter-over-quarter to $217.8 mln
Produced water handling volumes grew 6% sequentially to 2.6 mln barrels per day
Company closed Ranger Water Midstream acquisition and announced plans to double waste management capacity

Outlook
WaterBridge raises 2026 produced water handling volumes guidance to 2.55-2.75 mln barrels/day
Company lifts 2026 adjusted EBITDA guidance to $435-$475 mln
WaterBridge now expects 2026 capital expenditures of $530-$590 mln, up $100 mln from prior guidance

Result Drivers
VOLUME GROWTH - Sequential increase in produced water handling volumes driven by ramp-up of Kraken project and higher commercial demand
ACQUISITION IMPACT - Ranger Water Midstream acquisition added capacity and expanded service footprint in Lea County, New Mexico
WASTE MANAGEMENT EXPANSION - Announced doubling of environmental waste management business through NDB Landfill acquisition and new Stateline facility construction

Company press release: ID:nBw97B4KTa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$217.77 mln
 
Q2 Net Income
 
$14.56 mln
 
Q2 Operating Income
 
$40.27 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the water & related utilities peer group is "buy"
Wall Street's median 12-month price target for WaterBridge Infrastructure LLC is $35.00, about 4.6% above its August 4 closing price of $33.46
The stock recently traded at 47 times the next 12-month earnings vs. a P/E of 38 three months ago

Reuters Recommended Reads
Aug 4 - Select Water Solutions Q2 revenue beats on Water Infrastructure segment growth
Aug 4 - NGL Energy Partners Q1 revenue rises on Water Solutions growth, raises FY adjusted EBITDA outlook
Aug 3 - Hess Midstream's Q2 adjusted EBITDA beats on lower operating costs

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)