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WaterBridge Infrastructure WBI Noncontrolling interests in subsidiaries

Noncontrolling interests in subsidiaries at other companies

Select Water Solutions logo
Select Water SolutionsWTTR
$88.17M-28.8%
TETRA Technologies logo
TETRA TechnologiesTTI
-$1.27M-0.6%
Weatherford International logo
Weatherford InternationalWFRD
$1M-88.9%
Xylem logo
XylemXYL
$3M-57.1%

Other financials

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

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Market cap$1.5B+95.1%
Enterprise value$3.07B
P/E439.9×
P/S

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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Return on equity0.9%
Debt / equity2.1×
Current ratio1.5×

Where this comes from

Reported directly by WaterBridge Infrastructure in its filing.

Tagged under the XBRL concept us-gaap:MinorityInterest.

The source filing: WaterBridge Infrastructure’s 10-Q, filed August 6, 2026.

Filed
Aug 5, 2026, 8:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-335651
Line itemJune 30,2026December 31,2025
Commitments and contingencies
Class A shares, unlimited shares authorized and 55,453,118 shares issued and outstanding as of June 30, 2026. Unlimited shares authorized and 43,264,850 shares issued and outstanding as of December 31, 2025.760,474606,843
Class B shares, unlimited shares authorized and 68,003,091 shares issued and outstanding as of June 30, 2026. Unlimited shares authorized and 80,190,150 shares issued and outstanding as of December 31, 2025.--
Accumulated deficit(551)(4,537)
Total shareholders’ equity attributable to WaterBridge Infrastructure LLC759,923602,306
Noncontrolling interest1,068,3661,245,303
Total shareholders’ equity1,828,2891,847,609
Total liabilities and equity$3,938,213$3,700,020

Item 1. Financial Statements (Unaudited)

FAQ

What is WaterBridge Infrastructure's noncontrolling interests in subsidiaries?
WaterBridge Infrastructure (WBI) reported noncontrolling interests in subsidiaries of $1.07B in Q2 2026.
What does noncontrolling interests in subsidiaries mean?
This represents the portion of a subsidiary's net assets that is owned by outside shareholders rather than the parent company. It is reported within equity to show the total value of the subsidiary's assets and liabilities that are not attributable to the parent. It reflects the non-controlling stake in consolidated entities.

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