Filing Flows › WaterBridge Infrastructure LLC (WBI) › Q2 2026 › vs Q2 2025
WaterBridge Infrastructure LLC (WBI) Q2 2026 vs Q2 2025 (year over year)
WaterBridge Infrastructure LLC's revenue rose $122M (+128%) from $95.5M in Q2 2025 to $218M in Q2 2026. The biggest changes: Produced Water Handling +$108M (+122%); Skim Oil +$11.4M (+131%). Operating margin 18.5% against 18.0% (+0.5 pts).
WaterBridge Infrastructure LLC, Q2 2026: revenue $218M (+128% year over year), operating margin 18.5%, net earnings $5.1M, operating cash flow $64.9M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 18.5% | 18.0% | +0.5 pts |
| Net margin | 2.3% | 7.5% | -5.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Produced Water Handling | $198M | $89.2M | $108M | +122% |
| Skim Oil | $20.0M | $8.7M | $11.4M | +131% |
| Revenue | $218M | $95.5M | $122M | +128% |
| Operating profit | $40.3M | $17.2M | $23.1M | +135% |
| Costs & expenses | $178M | $78.3M | $99.2M | +127% |
| Pre-tax earnings | $16.8M | $7.1M | $9.6M | +135% |
| Other expense, net | $23.5M | $10.0M | $13.5M | +134% |
| Cost of revenue | $160M | $70.0M | $89.6M | +128% |
| General & admin | $17.7M | $7.6M | $10.1M | +133% |
| Net earnings | $5.1M | $7.1M | −$2.0M | -28% |
| Minority interests | $9.4M | $0 | $9.4M | — |
| Income tax | $2.2M | $10K | $2.2M | 221× |
| Depreciation & amortization | $48.1M | $19.1M | $29.0M | +152% |
| Share-based compensation | $2.6M | $1.1M | $1.5M | +144% |
| Working capital & other | $9.1M | −$11.3M | $20.5M | — |
| Operating cash flow | $64.9M | $16.0M | $48.9M | +306% |
| Capital expenditures | $123M | $84.5M | $38.8M | +46% |
| Negative free cash flow (OCF − capex) | $58.4M | $68.5M | −$10.1M | -15% |
Questions
How much did WaterBridge Infrastructure LLC's revenue grow year over year in Q2 2026?
WaterBridge Infrastructure LLC's revenue rose $122M (+128%) from $95.5M in Q2 2025 to $218M in Q2 2026.
What drove WaterBridge Infrastructure LLC's revenue change in Q2 2026?
Produced Water Handling +$108M (+122%); Skim Oil +$11.4M (+131%).