WaterBridge Announces Third Quarter 2026 Results
Q3 revenue $240.2M (+17% y/y), Adj. EBITDA $124.2M; 2026 EBITDA guidance raised to $465-485M, capex cut 3%.
What this release says
WaterBridge reported record third quarter produced water volumes of 2.8 million barrels per day, up 6% from the prior quarter, with Adjusted EBITDA of $124.2 million. The company raised its 2026 volume and Adjusted EBITDA guidance midpoints and lowered its capital expenditure midpoint because some projects shifted into 2027. For a shareholder, the release shows stronger operations and a lower planned spending figure for this year, and it also declares a $0.05 quarterly cash dividend.
Key figures
- Q3 produced water volumes
- 2.8 million barrels per day
- Q3 revenues
- $240.2 million
- Q3 Adjusted EBITDA
- $124.2 million
- Q3 net income
- $13.3 million
- 2026 Adjusted EBITDA guidance
- $465 to $485 million
- 2026 capital expenditures guidance
- $530 to $560 million
Positive for shareholders
- Produced water volumes grew 6% quarter-over-quarter and 9% year-over-year.
- Full-year 2026 volume and Adjusted EBITDA guidance midpoints were raised by 2% and 4%.
- The Speedway Phase I pipeline is exceeding expectations and has signed new commercial agreements.
- A quarterly cash dividend of $0.05 per share was declared.
Negative for shareholders
- Net income fell from $14.6 million in the second quarter to $13.3 million in the third quarter.
- Capital expenditures are shifting from 2026 into 2027, so some projects are delayed.
- Liquidity was increased through a $150 million tack-on debt offering and a $250 million revolver upsize, which adds to borrowing.
Written by Quantisnow AI from this release. Not financial advice.
Key terms
- Produced water:
- Water that comes up from oil and gas wells along with the crude or gas, which must be treated and disposed of.
- Adjusted EBITDA:
- A profit measure that starts from net income and adds back interest, taxes, depreciation, and other items the company considers non-recurring or non-cash.
- Tack-on debt offering:
- A sale of additional bonds under an existing bond issue, adding to the company's total debt.
- Bbl/d:
- Barrels per day, a unit measuring how much liquid volume is handled each day.
FAQ
How did WaterBridge's produced water volumes change in the third quarter of 2026?
Produced water handling volumes reached 2.8 million barrels per day, up 6% from the second quarter and 9% from a year earlier.
What did WaterBridge change in its 2026 guidance?
The company raised the midpoints of its produced water volume guidance and Adjusted EBITDA guidance by 2% and 4%, and lowered the midpoint of its capital expenditures guidance by 3%.
What dividend did WaterBridge declare?
WaterBridge declared a quarterly cash dividend of $0.05 per share.
Historical context for WBI
Across the 15 sessions after earlier WBI headlines, the stock closed higher 9 times and lower 6 times, with a median move of 2.2% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | WBI | SPY |
|---|---|---|---|
| Oct 6, 2026 | WaterBridge Schedules Third Quarter Earnings Release and Conference Call | +3.0% | +0.5% |
| Sep 28, 2026 | Piper Sandler resumed coverage on WaterBridge Infrastructure with a new price target | -2.9% | -0.7% |
| Aug 18, 2026 | Analyst resumed coverage on WaterBridge Infrastructure with a new price target | +0.5% | -0.7% |
| Aug 14, 2026 | WaterBridge Announces Pricing of Upsized $150,000,000 Offering of Additional 6.500% Senior Notes due 2033 | +1.5% | -0.2% |
| Aug 13, 2026 | WaterBridge Announces Launch of $100,000,000 Offering of Additional 6.500% Senior Notes due 2033 | -1.7% | +0.7% |
| Aug 6, 2026 | WaterBridge Announces Second Quarter 2026 Results | -2.5% | -0.2% |
- Market cap
- 30-day
- Sector
- Energy
- Industry
- Oilfield Services/Equipment
- Listed since
- 2025
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