WaterBridge Infrastructure raises 2026 guidance after record Q2

Earnings
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Summary · why it matters

WaterBridge Infrastructure reported record second-quarter revenue and adjusted EBITDA and raised its full-year 2026 guidance. Revenue rose 8% sequentially to $217.8 million, net income increased to $14.6 million from $9.5 million, and adjusted EBITDA climbed 12% to $115.8 million with a 53% margin. The company now expects full-year produced water volumes of 2.55 million to 2.75 million barrels per day and adjusted EBITDA of $435 million to $475 million, reflecting the Ranger Water Midstream and NDB Landfill acquisitions. Capital expenditure guidance was raised by $100 million to $530 million to $590 million, and the revolving credit facility was upsized from $500 million to $750 million with a 25 basis point reduction in borrowing costs. Management also declared a quarterly dividend of $0.05 per share and highlighted the launch of Speedway Phase 1 in July 2026.

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