Welcome to our dedicated page for WaterBridge Infrastructure SEC filings (Ticker: WBI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
WaterBridge Infrastructure LLC (NYSE: WBI) files a range of documents with the U.S. Securities and Exchange Commission that provide detailed insight into its business as an integrated, pure-play water infrastructure company. As an issuer with Class A shares listed on the New York Stock Exchange and NYSE Texas, WaterBridge submits annual and quarterly reports, current reports on Form 8-K and registration statements that describe its produced water infrastructure network, long-term contracts with exploration and production companies and its capital structure.
Current reports on Form 8-K for WaterBridge have disclosed material events such as the completion of its upsized initial public offering of Class A shares, the entry into material definitive agreements related to senior unsecured notes due 2030 and 2033 by subsidiary WBI Operating LLC, and the use of proceeds to repay legacy term loan facilities. Other 8-K filings have reported transaction-related bonuses, governance changes including the appointment of independent directors to the board and committee assignments, and the release of quarterly financial results.
Quarterly reports on Form 10-Q, referenced in the company’s press releases, contain financial statements, management’s discussion and analysis, and additional information on produced water handling volumes, revenue and margins. These filings help investors understand how WaterBridge’s network of pipelines and produced water handling facilities supports its operations in the Delaware Basin and other basins where it has assets.
On this SEC filings page, users can access WaterBridge’s 10-K and 10-Q reports, 8-K current reports and related exhibits as they are made available through EDGAR. AI-powered summaries can assist by highlighting key terms in senior note indentures, summarizing material events, and clarifying how changes in governance, financing arrangements and operational metrics appear in the company’s regulatory disclosures. Form 4 and other ownership-related filings, when present, can provide additional context on insider transactions and equity-based compensation linked to WaterBridge’s Class A shares.
WaterBridge Infrastructure LLC registers 83,250,000 Class A shares for resale by selling shareholders, covering shares that may be resold from time to time by those holders. The prospectus states the company will not sell any shares hereunder and will receive no proceeds from resales. The filing lists 123,456,209 Class A shares to be outstanding immediately after full resale registration and discloses a $0.05 per-share cash dividend paid on March 19, 2026. The registration includes shares issuable upon redemption of OpCo Units and describes Redemption and Call rights linking OpCo Units with Class B shares; it also notes Five Point’s controlling voting stake and related governance/consent rights.
WaterBridge Infrastructure LLC has filed a prospectus covering the resale, from time to time, of up to 83,250,000 Class A shares by existing selling shareholders. The company itself is not selling shares under this prospectus and will not receive any proceeds from these resales.
After the sale of all shares registered in this offering, 123,456,209 Class A shares would be outstanding. WaterBridge operates a large produced water infrastructure network serving oil and gas producers in the Delaware Basin and is a “controlled company,” with Five Point holding about 50.3% of combined voting power as of March 20, 2026.
WaterBridge Infrastructure LLC reported fourth quarter and full year 2025 results, showing growing volumes and revenue but continued net losses. Fourth quarter produced water handling volumes averaged 2.6 million barrels per day, with revenue of $208.9 million, up 2% from the prior quarter, and a net loss of $13.6 million with a 7% net loss margin. Adjusted EBITDA was $103.8 million, giving a 50% Adjusted EBITDA margin. For 2025, combined produced water handling volumes averaged 2.4 million barrels per day, up 15% year-over-year, while pro forma revenue reached $790.0 million, up 19%. Pro forma net loss was $58.1 million with a 7% margin, and pro forma Adjusted EBITDA was $402.8 million with a 51% margin. Liquidity totaled $526.5 million as of December 31, 2025, including $475.0 million of revolver capacity and $51.5 million of cash, against $1.465 billion of borrowings. The company declared an inaugural quarterly dividend of $0.05 per Class A share and guided 2026 Adjusted EBITDA to $420–$460 million and capital expenditures of $430–$490 million, driven by its Speedway Pipeline and other minimum volume commitment-backed projects.
WaterBridge Infrastructure LLC operates a large-scale water midstream business focused on handling produced water for oil and gas producers, primarily in the Delaware Basin. The company manages about 2,500 miles of pipelines and 201 produced water handling facilities with roughly 4.7 million barrels per day of capacity, supported by approximately 2.4 million dedicated acres under long-term, fixed-fee contracts.
Its model emphasizes 10–15+ year acreage dedications, minimum volume commitments and CPI-linked fee escalators, providing recurring revenue tied to long-life oil and gas production. Key customers include Devon, bpx energy, EOG and Permian Resources; the top five water customers contributed about 51% of 2025 water-related revenue, with Devon alone accounting for about $98 million, or 19%. Strategic relationships with LandBridge and Texas Pacific Land give preferred access to underutilized pore space and surface rights, underpinning future disposal capacity and projects such as the Speedway Pipeline, which is expected to reach up to 1.0 million barrels per day of throughput when fully built.
Horizon Kinetics Asset Management LLC, a Delaware entity and wholly owned subsidiary of Horizon Kinetics Holding Corporation, reported a significant ownership position in WaterBridge Infrastructure LLC.
The firm beneficially owns 6,837,520 Class A shares, representing 15.8% of the class, with sole voting and sole dispositive power over all of these shares and no shared power.
Horizon Kinetics certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose, or with the effect, of changing or influencing control of WaterBridge Infrastructure LLC.
WaterBridge Infrastructure LLC reported an equity transaction by an executive officer. On 01/06/2026, Executive Vice President and Chief Financial Officer Scott L. McNeely purchased 1,278 Class A shares of the company at a price of $19.56 per share in a transaction coded "P" for purchase. Following this trade, he beneficially owns 76,278 Class A shares, held directly.
WaterBridge Infrastructure LLC reports an insider share purchase by its Chief Executive Officer, who is also a director. On 01/05/2026, the reporting person bought 5,000 Class A shares in an open market transaction coded as a purchase at a price of $19.84 per share. After this transaction, the insider directly owns 142,500 Class A shares of WaterBridge Infrastructure LLC.
WaterBridge Infrastructure LLC reported an insider share purchase by a company officer. On 01/05/2026, the officer acquired 2,000 Class A shares in an open market or private purchase, coded "P," at a price of $19.98 per share. After this transaction, the officer beneficially owns 72,000 Class A shares, held directly. The officer’s role is noted as Executive Vice President, General Counsel, indicating this is a senior legal and executive insider transaction.
WaterBridge Infrastructure LLC officer reported a recent purchase of company equity. On 01/06/2026, the reporting person acquired 4,865 Class A shares in an open market transaction coded "P" at a price of $20.49 per share. Following this transaction, the reporting person beneficially owns 99,865 Class A shares with direct ownership. The filer is an officer of WaterBridge Infrastructure LLC, serving as President and Chief Operating Officer, and filed the report as a single reporting person.
WaterBridge Infrastructure LLC reported an insider equity grant involving its Class A shares. On 12/12/2025, a director acquired 6,500 Class A shares at a price of $0, resulting in beneficial ownership of 6,500 shares held directly.
The filing explains that this grant represents an award of 6,500 restricted stock units, with each RSU representing a contingent right to receive one Class A share. These RSUs are scheduled to vest on September 18, 2026, at which time the director will be entitled to receive the underlying Class A shares in accordance with the award terms.