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Owns produced-water gathering, disposal and recycling pipeline infrastructure for oil & gas producers, mainly in the Permian Basin.
Owns produced-water gathering, disposal and recycling pipeline infrastructure for oil & gas producers, mainly in the Permian Basin.
Charges producers fees on the volumes of water it gathers, disposes of or recycles, under long-term agreements that dedicate the producers' acreage to its system, so income follows their drilling and well output. Pipelines and disposal wells are the fixed assets that carry it.
Moat: narrow (scale, installed base, switching costs). Large, contracted pipeline/disposal-well network is capital-intensive and geographically hard to replicate.
Headquarters: Houston, Texas, United States · Founded: 2015 · Employees: 540
Size Waterbridge Infrastructure LLC (WBI) is a United States Energy company (Oilfield Services/Equipment) with a market value of $3.06B, the 1536th largest of 3,117 United States companies the cockpit tracks. Shares closed at $24.81 on 6 Nov 2026.
Performance Over six months the shares fell 9.3%, against -14.2% for the median peer and -1.1% for the United States market (cap-weighted) — 8th highest of 20 in its peer set.
Growth Revenue grew 102.7% over the last twelve months (peer median +7.6%); the operating margin is 17.0% (peer median 13.4%).
Valuation It trades at 40.2× forward earnings against a peer median of 14.7× (2nd most expensive of 20).
Capital Return on invested capital runs 3.1 points below its cost of capital (6.0% WACC).
Short interest Short interest is 9.3% of the free float (15 Oct 2026).
Next results Next results expected around 22 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | $751M | $526M | $316M | $201M |
| Revenue growth | — | +66% | +58% | — |
| Gross profit | $188M | $142M | $88.4M | $55.3M |
| EBITDA | $369M | $247M | $141M | $91.4M |
| Net income | $4.09M | -$4.54M | $2.99M | $14.7M |
| Free cash flow | -$122M | -$119M | -$86.1M | -$99.5M |
| Capital expenditure | $383M | $279M | $160M | $148M |
| Total debt | $1.62B | $1.45B | $597M | n/a |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Waterbridge Infrastructure LLC WBI | $3.06B | -9% | +103% | 17% | 40.2× | n/a |
| Select Water Solutions WTTR | $2.09B | -4% | -2% | 4% | 28.9× | n/a |
| NGL Energy Partners LP NGL | $1.87B | -8% | -22% | 12% | 11.9× | 1.2% |
| Kinetik KNTK | $7.92B | +3% | +10% | 9% | 25.1× | 33.0% |
| Texas Pacific Land TPL | $18.8B | -31% | +21% | 75% | 26.7× | 9.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | WBI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -16.7% | -9.7% | 8th lowest of 21 |
| 6-month return | -9.3% | -14.2% | 8th highest of 20 |
| Distance from 52-week high | -32.8% | -32.2% | 11th highest of 21 |
| Revenue growth (TTM) | +102.7% | +7.6% | highest of 21 |
| Operating margin | 17.0% | 13.4% | 9th highest of 21 |
| Forward P/E | 40.2× | 14.7× | 2nd most expensive of 20 |
| ROIC minus cost of capital | -3.1 pp | -0.3 pp | 7th lowest of 21 |
| EV / EBITDA | 15.5× | 7.8× | 3rd most expensive of 20 |
| Net debt / EBITDA | 4.3× | 0.8× | 2nd most indebted of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Waterbridge Infrastructure LLC WBI | United States | $3.06B | -9% | +103% | 17% | 40.2× | n/a | n/a |
| USA Compression Partners LP USAC | United States | $3.62B | -11% | +29% | 29% | 15.6× | -0.4% | +8.4% |
| Kodiak Gas Services KGS | United States | $4.21B | -40% | +8% | 33% | 17.0× | 9.3% | +19.7% |
| Solaris Energy Infrastructure SEI | United States | $4.63B | -21% | +71% | 24% | 16.8× | n/a | n/a |
| National Energy Services Reunited NESR | United States | $2.01B | -14% | +24% | 9% | 9.9× | 1.2% | +9.7% |
| Cactus WHD | United States | $4.67B | +7% | +40% | 19% | 16.8× | 14.1% | +25.4% |
| Liberty Energy LBRT | United States | $1.95B | -64% | +14% | 2% | n/a | n/a | n/a |
| Archrock AROC | United States | $4.83B | -25% | +4% | 39% | 13.8× | 2.8% | +11.2% |
| Flowco FLOC | United States | $1.81B | -19% | +20% | 19% | 13.1× | 8.0% | +72.3% |
| Innovex International INVX | United States | $1.76B | -6% | +7% | 12% | 14.7× | 5.7% | +21.8% |
| SBM Offshore SBMO.AS | Netherlands | $6.08B | -8% | +1% | 31% | 6.2× | -14.4% | +11.3% |
| Weatherford International WFRD | United States | $6.12B | -17% | -6% | 14% | 13.4× | -4.0% | +5.9% |
| NOV NOV | United States | $6.26B | -9% | -1% | 6% | 14.8× | 6.8% | +7.6% |
| Expro XPRO | United States | $1.47B | -14% | -5% | 4% | 18.0× | 13.9% | +18.9% |
| BW Energy BWE.OL | Norway | $1.30B | -15% | -25% | 26% | 13.1× | n/a | n/a |
| Hornbeck Offshore Services HOS | United States | $1.18B | n/a | +2% | 8% | 8.6× | -1.1% | +12.0% |
| RPC RES | United States | $1.18B | -22% | +18% | 3% | 17.9× | 12.2% | +22.1% |
| Jiangsu Hongtian Technology 603800.SS | China | $1.11B | -32% | -27% | -15% | 62.3× | 32.4% | +5.1% |
| Subsea 7 SUBC.OL | Norway | $9.71B | -5% | -2% | 13% | 12.4× | -2.4% | +17.7% |
| Flotek Industries FTK | United States | $886M | +45% | +59% | 13% | 21.9× | n/a | n/a |
| Total Energy Services TOT.TO | Canada | $851M | +41% | +22% | 9% | 9.7× | 3.7% | +23.8% |