WaterBridge Infrastructure LLC
For the period ended Sep 30, 2025. Filed Nov 12, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 12, 2025
WBI$26.26+1.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations
(in thousands, except share and per share amounts)
| Three Months Ended September 30, · Nine Months Ended September 30, | |||||
|---|---|---|---|---|---|
| 2025 · 2024 · 2025 · 2024 | |||||
| Revenues: | |||||
| Produced water handling | $83,639 | $51,849 | $201,568 | $124,766 | |
| Produced water handling - related party | 27,736 | 28,546 | 84,028 | 77,417 | |
| Water solutions | 9,842 | 6,250 | 24,514 | 17,047 | |
| Water solutions - related party | 573 | 1,118 | 3,874 | 3,331 | |
| Other revenues | 1,246 | 2,040 | 2,436 | 6,527 | |
| Other revenues - related party | 214 | - | 252 | - | |
| Total revenues | 123,250 | 89,803 | 316,672 | 229,088 | |
| Direct operating costs | 45,771 | 34,949 | 115,387 | 88,973 | |
| Direct operating costs - related party | 12,458 | 7,932 | 33,662 | 18,005 | |
| Depreciation, depletion, amortization, and accretion | 30,026 | 19,988 | 72,212 | 56,931 | |
| Total cost of revenues | 88,255 | 62,869 | 221,261 | 163,909 | |
| General and administrative expense | 9,004 | 6,914 | 23,179 | 26,972 | |
| Loss (gain) on disposal of assets | 141 | 92 | 11,832 | (206) | |
| Other operating expense (income), net | 2,156 | 1,090 | 3,821 | (2,893) | |
| Operating income | 23,694 | 18,838 | 56,579 | 41,306 | |
| Interest expense, net | 19,335 | 15,668 | 43,560 | 38,840 | |
| Other income, net | (31) | (249) | (296) | (249) | |
| Income from operations before taxes | 4,390 | 3,419 | 13,315 | 2,715 | |
| Income tax (benefit) expense | (366) | 114 | (277) | 252 | |
| Net income | $4,756 | $3,305 | $13,592 | $2,463 | |
| Net income prior to IPO | 7,588 | 16,424 | |||
| Net loss attributable to noncontrolling interest | (2,165) | (2,165) | |||
| Net loss attributable to WaterBridge Infrastructure LLC | $(667) | $(667) | |||
| Basic and dilutive net loss per Class A share for the period from September 18, 2025 to September 30, 2025 | $(0.02) | $(0.02) | |||
| Basic and dilutive weighted average Class A shares outstanding for the period from September 18, 2025 to September 30, 2025 | 43,264,850 | 43,264,850 | |||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.