WaterBridge Infrastructure reported a third quarter 2026 revenue beat, supported by record produced water handling volumes that exceeded internal and analyst expectations. While EPS of $0.10 fell short of the $0.13 estimate, the company raised its full-year 2026 guidance for Adjusted EBITDA and volumes, citing strong Delaware Basin activity and the successful in-service performance of the Speedway Phase I pipeline.
Key Highlights
- Produced water handling volumes reached a record 2.8 million barrels per day, representing 6% sequential growth and 9% growth year-over-year.
- Management raised the 2026 Adjusted EBITDA guidance midpoint by 4% to $475 million and increased the volume guidance midpoint by 2%.
- The full-year 2026 capital expenditure guidance midpoint was lowered by 3% to $545 million, as certain project outlays shifted into 2027.
- Total liquidity stood at $539.7 million as of September 30, 2026, bolstered by a $250 million revolver upsize and $150 million in additional senior notes issued during the quarter.