Filing Flows › WaterBridge Infrastructure LLC (WBI) › Q3 2026
WaterBridge Infrastructure LLC (WBI) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
WaterBridge Infrastructure LLC (WBI) reported revenue of $240M for the third quarter 2026 (Q3 2026), +95% from a year earlier and +10% from the quarter before. Operating margin was 17.2%, net earnings $5.5M (2.3% of revenue).
WaterBridge Infrastructure LLC, Q3 2026: revenue $240M (+95% year over year), operating margin 17.2%, net earnings $5.5M, operating cash flow $106M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $240M | +10% | +95% |
| Operating profit | $41.3M | +3% | +74% |
| Net earnings | $5.5M | +8% | — |
| Operating cash flow | $106M | +63% | +756% |
What changed
Revenue was $240.2M in Q3 2026, up 95% year over year and up 10% from the previous quarter.
Operating profit was $41.3M, a 17.2% margin (down 2.0 points year over year). Of the extra revenue versus Q3 2025, 15% reached operating profit, below the 19% margin then. Total costs grew 100% against revenue growth of 95%. The fastest-growing cost line was General & admin (+106%). Net earnings were $5.5M. The effective tax rate was 10.6%.
Operating cash flow was $105.6M (up 756% year over year), 792% of net income including minority interests. Non-cash charges added back $52.0M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items added $37.3M. Capital expenditures of $123.9M exceeded it, leaving free cash flow of −$18.3M.
Questions
What was WaterBridge Infrastructure LLC's revenue in the third quarter 2026?
WaterBridge Infrastructure LLC (WBI) reported revenue of $240M for the third quarter 2026 (Q3 2026), +95% from a year earlier and +10% from the quarter before.
Was WaterBridge Infrastructure LLC profitable in the third quarter 2026?
Operating profit was $41.3M (17.2% of revenue) and net earnings $5.5M.