Filing Flows › WaterBridge Infrastructure LLC (WBI) › Q2 2026
WaterBridge Infrastructure LLC (WBI) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
WaterBridge Infrastructure LLC (WBI) reported revenue of $218M for the second quarter 2026 (Q2 2026), +128% from a year earlier and +8% from the quarter before. Operating margin was 18.5%, net earnings $5.1M (2.3% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $218M | +8% | +128% |
| Operating profit | $40.3M | +32% | +135% |
| Net earnings | $5.1M | +45% | -28% |
| Operating cash flow | $64.9M | -32% | +306% |
What changed
Revenue was $217.8M in Q2 2026, up 128% year over year and up 8% from the previous quarter. Produced Water Handling was the largest line at 91% of revenue. Produced Water Handling added $108.5M year over year (up 122%), 89% of the total change.
Operating profit was $40.3M, a 18.5% margin (up 0.5 points year over year). Of the extra revenue versus a year earlier, 19% reached operating profit, above the 18% margin then. Total costs grew 127% against revenue growth of 128%. The fastest-growing cost line was General & admin (+133%). Net earnings were $5.1M, down 28% year over year. The effective tax rate was 13.2%.
Operating cash flow was $64.9M (up 306% year over year), 446% of net income including minority interests. Non-cash charges added back $48.1M of depreciation and amortization and $2.6M of share-based compensation. Capital expenditures of $123.3M exceeded it, leaving free cash flow of −$58.4M.
Questions
What was WaterBridge Infrastructure LLC's revenue in the second quarter 2026?
WaterBridge Infrastructure LLC (WBI) reported revenue of $218M for the second quarter 2026 (Q2 2026), +128% from a year earlier and +8% from the quarter before.
Was WaterBridge Infrastructure LLC profitable in the second quarter 2026?
Operating profit was $40.3M (18.5% of revenue) and net earnings $5.1M.