Inferra AI / Company / WBI
WaterBridge Infrastructure LLC
WBI · Energy
Last earnings Aug 13, 2026
Key results
Revenuequarter
$205.5 million
revenues of $205.5 million, pro forma net loss of $18.7 million, and pro forma Adjusted EBITDA of $105.7 million (1) •
SEC original ↗WaterBridge Infrastructure LLC — Earnings release (8-K exhibit)EX-99Nov 12, 2025
Gross marginquarter
$55.4 million
Pro forma gross margin and pro forma gross margin per barrel for the quarter were $55.4 million and $0.22, respectively.
SEC original ↗WaterBridge Infrastructure LLC — Earnings release (8-K exhibit)EX-99Nov 12, 2025
Adjusted operating marginquarter
$130.9 million
Pro forma Adjusted Operating Margin and pro forma Adjusted Operating Margin per barrel were $130.9 million and $0.50 per barrel, respectively.
SEC original ↗WaterBridge Infrastructure LLC — Earnings release (8-K exhibit)EX-99Nov 12, 2025
Third Quarter Financial Results Total pro forma revenue for the third quarter of 2025 was $205.5 million, an 8% increase as compared to the second quarter of 2025.
SEC original ↗WaterBridge Infrastructure LLC — Earnings release (8-K exhibit)EX-99Nov 12, 2025
Operating incomequarter
$37,433 thousand
Operating income 23,694 37,433 1,079 (18,158 ) (24,365 ) 19,683
SEC original ↗WaterBridge Infrastructure LLC — Earnings release (8-K exhibit)EX-99Nov 12, 2025
AI analysis
Q3 2025 · reported Nov 12, 2025
Based on: Earnings release + parent 8-K — transcript not held
Headline figures
| Metric | Q3 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Revenue | $205.5 million | — | — |
| Gross margin | $55.4 million | — | — |
| Adjusted operating margin | $130.9 million | — | — |
| Operating income | $37,433 thousand | — | — |
Guidance · company-stated
No guidance located in the held release
Margin
Capital allocation
Capital expenditures for the project are expected to be approximately $290 million, consisting of approximately $220 million for the Speedway Pipeline project and related disposal facilities and approximately $70 million for associated gathering facilities.
Event summary
WaterBridge Infrastructure LLC Q3 2025 — revenues of $205.5 million, pro forma net loss of $18.7 million, and pro forma Adjusted EBITDA of $105.7 million (1) •
Based on: Earnings release + parent 8-K — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
Capital expenditures for the project are expected to be approximately $290 million, consisting of approximately $220 million for the Speedway Pipeline project and related disposal facilities and approximately $70 million for associated gathering facilities.
SEC original ↗WaterBridge Infrastructure LLC — Earnings release (8-K exhibit)EX-99Nov 12, 2025
As of September 30, 2025, the Company had approximately $200 million of available borrowing capacity under revolving credit facilities associated with legacy entities WBEF and NDB Operating.
SEC original ↗WaterBridge Infrastructure LLC — Earnings release (8-K exhibit)EX-99Nov 12, 2025
The Company had $1.727 billion of borrowings outstanding associated with legacy entities as of September 30, 2025, versus $609 million outstanding as of December 31, 2024.
SEC original ↗WaterBridge Infrastructure LLC — Earnings release (8-K exhibit)EX-99Nov 12, 2025
Subsequent to the quarter close on October 6, 2025, the Company closed its inaugural senior notes offering of $1.425 billion, comprising $825 million aggregate principal amount of 6.25% senior unsecured notes due 2030 at par and $600 million aggregate principal amount of 6.50% senior unsecured notes due 2033 at par.
SEC original ↗WaterBridge Infrastructure LLC — Earnings release (8-K exhibit)EX-99Nov 12, 2025
Net proceeds of the offering were used to repay outstanding borrowings under the legacy term loan facilities and for general corporate purposes and working capital.
SEC original ↗WaterBridge Infrastructure LLC — Earnings release (8-K exhibit)EX-99Nov 12, 2025
In conjunction with the closing of the senior notes offering, the Company closed a new revolving credit agreement, replacing $200 million in legacy undrawn senior secured credit facilities with a new undrawn $500 million senior secured revolving credit facility maturing in September of 2030.
SEC original ↗WaterBridge Infrastructure LLC — Earnings release (8-K exhibit)EX-99Nov 12, 2025
Strategy & priorities
We remain focused on providing access to significant, underutilized, and responsibly developed pore space and enabling critical flow assurance for producers, and we look forward to advancing our leading position in this important region for energy production.
SEC original ↗WaterBridge Infrastructure LLC — Earnings release (8-K exhibit)EX-99Nov 12, 2025
Forward-looking statements include, but are not 4 limited to, strategies, plans, objectives, expectations, intentions, assumptions, future operations and prospects and other statements that are not historical facts, including our estimated future financial performance.
SEC original ↗WaterBridge Infrastructure LLC — Earnings release (8-K exhibit)EX-99Nov 12, 2025
Risks & headwinds
drilling and completions in the near term; our customers’ ability to obtain necessary supplies, raw materials and other critical components on a timely basis, or at all; our and our customers’ ability to obtain necessary supplies, raw materials and other critical components on a timely basis, or at all, including any impacts presented by imposed or potential tariffs and any reactions thereto in international trade; the effects of a prolonged U.
SEC original ↗WaterBridge Infrastructure LLC — Earnings release (8-K exhibit)EX-99Nov 12, 2025
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
24 documentsEarnings releases
7 documentsPresentations
0 documentsNo presentations for WaterBridge Infrastructure LLC are held in this edition of the library.
Transcripts
0 documentsNo transcripts for WaterBridge Infrastructure LLC are held in this edition of the library.
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