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Reported August 5, 2026 · After market close

Revenue$217.8MBeat by $4.1M
EPS$0.10Beat by $0.01
Revenue estimate$213.7M
EPS estimate$0.09
Our second quarter results reflect the continued strength of our base business, with sequential growth in both volumes and revenue and operations continuing to outperform across the platform. Speedway Phase I is now online and ramping as expected, giving us strong visibility into one of our most important near-term growth drivers, while the ongoing ramp of the Kraken project further reinforces the durability of our underlying network. Just as encouraging is our ability to pair organic momentum with disciplined acquisitions, including the Ranger Water Midstream acquisition and the expansion of our environmental waste management platform through the NDB Landfill acquisition and new Stateline landfill construction, a reflection of the breadth of opportunity we continue to see across the Delaware Basin.
Jason Long

Next report

Date not yet announced

Financials

Q2 2026

Income statement

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Revenue$217.8M+128%
Gross profit$58.1M+128%
Operating income$40.3M+135%
Net income$5.1M-28.3%
EPS (diluted)$0.10

Balance sheet

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Cash & equivalents$47.6M
Total debt$1.6B
Total equity$759.9M
Total assets$3.9B

Cash flow

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Operating cash flow$64.9M+306%
CapEx$123.3M+45.9%
Free cash flow-$58.4M+14.8%

Valuation & ratios

Valuation

as of 08/07/26
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Market cap$1.54B+99.4%
Enterprise value$3.11B
P/E449.8×
P/S2.1×

Profitability

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Gross margin25.1%-4.8pp
Operating margin15.5%-2.5pp
Net margin0.5%-3.0pp
FCF margin-16.3%

Returns & leverage

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Debt / equity2.1×
Current ratio1.5×

Segments

By product

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Other Revenues$9.7M+475%
Water Solutions$8.4M+79.9%

FAQ

When did WaterBridge Infrastructure report Q2 2026 earnings?
WaterBridge Infrastructure (WBI) reported Q2 2026 earnings on August 5, 2026 after market close.
What were WaterBridge Infrastructure's Q2 2026 revenue and EPS?
WaterBridge Infrastructure reported revenue of $217.8M and eps of $0.10 for Q2 2026.
Did WaterBridge Infrastructure beat estimates in Q2 2026?
Revenue beat the consensus estimate of $213.7M by $4.1M. EPS beat the consensus estimate of $0.09 by $0.01.
Where can I find WaterBridge Infrastructure's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-335301) and the 10-Q periodic report (0001193125-26-335651) directly on SEC EDGAR. The filing index links above go to sec.gov.