Key Points – Record second-quarter performance: Revenue rose 8% sequentially to $217.8 million, while adjusted EBITDA increased 12% to $115.8 million, supported by higher volumes, stronger contract rates and operating leverage. – 2026 guidance was raised again: WaterBridge now…
pects volumes of 2.55 million–2.75 million barrels per day and adjusted EBITDA of $435 million–$475 million, while increasing capital-expenditure guidance by $100 million to $530 million–$590 million. – Expansion broadens the growth platform: The Ranger acquisition, planned NDB Landfill purchase and new state-line waste facility add disposal, recycling and waste-management capacity, while Speedway is ramping toward 100,000 barrels per day and the company explores longer-term data-center water demand. WBI (NYSE:WBI) reported record second-quarter revenue and adjusted EBITDA, citing higher produced-water volumes, new contract rates and organic growth across its Delaware Basin infrastructure network
The company also raised its 2026 outlook for volumes, adjusted EBITDA and capital expenditures following the acquisition of Ranger Water Midstream and an agreement to acquire the NDB Landfill in Lea County, New Mexico. Chief Executive Officer Jason Long said demand for the company’s existing infrastructure has been particularly strong along the state line, where pore-pressure constraints are reducing injection capacity. He said the company is benefiting from its ability to handle and recycle rising produced-water volumes through its integrated network.
Second-Quarter Financial Results WaterBridge reported second-quarter revenue of $217.8 million, up 8% sequentially. Net income rose to $14.6 million from $9.5 million in the first quarter, while adjusted EBITDA increased about 12% sequentially to $115.8 million from $102.9 million. Chief Financial Officer Scott McNeely said adjusted EBITDA margin reached 53%, reflecting higher throughput, the scalability of the company’s infrastructure and operating…