WaterBridge Infrastructure LLC
For the period ended Sep 30, 2025. Filed Nov 12, 2025.
View on SEC.govAbout this filing
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$25.91+4.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
(unaudited)
| For the Nine MonthsEnded September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Operating activities | ||
| Net income | $13,592 | $2,463 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation, amortization, depletion, and accretion | 72,212 | 56,931 |
| Debt issuance costs amortization and debt issuance costs write off | 3,379 | 4,699 |
| Share-based compensation | 2,593 | 9,408 |
| Customer relationship amortization | 1,374 | 1,291 |
| Loss on disposal of assets | 11,832 | 181 |
| Deferred income tax expense | (420) | - |
| Other | 160 | 927 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (26,792) | (6,226) |
| Related party accounts receivable | 9,077 | (9,733) |
| Prepaid expenses and other assets | (3,116) | 621 |
| Accounts payable | 9,822 | 4,030 |
| Related party accounts payable | 3,466 | 1,251 |
| Accrued and other current liabilities and other liabilities | (25,664) | 1,825 |
| Consideration paid to customer | - | (3,050) |
| Net cash provided by operating activities | 71,515 | 64,618 |
| Investing activities | ||
| Acquisitions, net of cash acquired | 39,901 | (165,843) |
| Capital expenditures | (189,360) | (128,049) |
| Proceeds from disposal of assets | 19,930 | 2,500 |
| Net cash used in investing activities | (129,529) | (291,392) |
| Financing activities | ||
| Proceeds from issuance of Class A shares, net of underwriting discounts and commissions | 685,354 | - |
| Purchase of OpCo equity interests from Elda River | (228,161) | - |
| Contributions from member | 20,080 | - |
| Proceeds from term loans | - | 575,000 |
| Repayments on term loans | (21,188) | - |
| Proceeds from revolvers | 55,000 | 30,000 |
| Repayments on revolvers | (115,000) | (357,500) |
| Debt issuance costs | (543) | (18,113) |
| Offering costs | (2,326) | - |
| Other financing payments | (1,837) | (1,406) |
| Net cash provided by financing activities | 391,379 | 227,981 |
| Net increase in cash and cash equivalents | 333,365 | 1,207 |
| Cash and cash equivalents - beginning of period | 13,284 | 12,869 |
| Cash and cash equivalents - end of period | $346,649 | $14,076 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.