WaterBridge Infrastructure LLC (WBI) Form 8-K — Aug 5, 2026

$WBIForm 8-KItems 2.02, 7.01, 9.01Filed Aug 5, 2026, 4:37 PM ET0001193125-26-335301Original filing

WaterBridge Infrastructure reported second quarter 2026 revenue of $217.8 million, up 8% quarter-over-quarter, with net income of $14.6 million and Adjusted EBITDA of $115.8 million at a 53% margin. Produced water handling volumes averaged 2.6 million barrels per day, up 6% sequentially. The company closed its $80 million acquisition of Ranger Water Midstream in Lea County, New Mexico, adding roughly 70 Mbpd of permitted disposal capacity, and agreed to acquire the NDB Landfill for $169 million net consideration. Together with a new Stateline landfill under construction, these moves will double its environmental waste management site count from two to four.

Key figures

Revenue: $217.8 million (Q2 2026, +8% quarter-over-quarter)
Guidance: FY2026 Adjusted EBITDA raised to $435-475 million; produced water volumes raised to 2.55-2.75 million Bbl/d; capex raised $100 million to $530-590 million
Net Income: $14.6 million (vs. $9.5 million in Q1 2026)
Total Debt: $1.636 billion of total borrowings (vs. $1.486 billion at March 31, 2026)
Total Assets: $3.938 billion
Cash Position: $47.6 million
Shares Outstanding: Class A 55,453,118; Class B 68,003,091 (June 30, 2026)
Q2 capex: $123.3 million
Gross margin: $58.1 million ($0.22/Bbl)
Total liquidity: $347.6 million (incl. ~$300.0 million revolver availability)
Net income margin: 7%
Dividend per share: 0.05
Ranger acquisition: $80 million cash; ~70 Mbpd permitted capacity, ~30 miles of pipelines, ~1.2 million barrels storage
Revolver amendment: commitments increased $250.0 million to $750.0 million, expandable to $1.0 billion; margins cut 25 bps to SOFR + 1.75%-2.75%
Q2 interest expense: $22.7 million
Adjusted ebitda margin: 53%
Produced water volumes: 2.6 million barrels per day (+6% QoQ)
Adjusted ebitda q2 2026: $115.8 million (vs. $102.9 million Q1 2026)
Adjusted operating margin: $124.1 million ($0.46/Bbl)
Ndb landfill net consideration: $169 million ($189 million purchase price less $20 million land sale to LandBridge)
Net income attributable to company: $5.1 million

Price after filing

1 day: 0.0%7 days: -5.0%30 days: -3.6%

Close on the filing date to close N calendar days later (from $33.46). Historical, not a forecast.

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