WBI Q2 Earnings Call Highlights

2 weeks ago 15

MarketBeat

Sun, August 9, 2026 astatine 11:03 AM CDT 6 min read

Key Points

Interested successful WBI? Here are 5 stocks we similar better.
Record second-quarter performance: Revenue roseate 8% sequentially to $217.8 million, portion adjusted EBITDA accrued 12% to $115.8 million, supported by higher volumes, stronger declaration rates and operating leverage.
2026 guidance was raised again: WaterBridge present expects volumes of 2.55 million–2.75 cardinal barrels per time and adjusted EBITDA of $435 million–$475 million, portion expanding capital-expenditure guidance by $100 cardinal to $530 million–$590 million.
Expansion broadens the maturation platform: The Ranger acquisition, planned NDB Landfill acquisition and caller state-line discarded installation adhd disposal, recycling and waste-management capacity, portion Speedway is ramping toward 100,000 barrels per time and the institution explores longer-term data-center h2o demand.

WBI (NYSE:WBI) reported grounds second-quarter gross and adjusted EBITDA, citing higher produced-water volumes, caller declaration rates and integrated maturation crossed its Delaware Basin infrastructure network. The institution besides raised its 2026 outlook for volumes, adjusted EBITDA and superior expenditures pursuing the acquisition of Ranger Water Midstream and an statement to get the NDB Landfill successful Lea County, New Mexico.

Chief Executive Officer Jason Long said request for the company's existing infrastructure has been peculiarly beardown on the authorities line, wherever pore-pressure constraints are reducing injection capacity. He said the institution is benefiting from its quality to grip and recycle rising produced-water volumes done its integrated network.

Second-Quarter Financial Results

→ Sandisk Just Delivered a Blowout Quarter—Here's Why the Stock Is Falling

WaterBridge reported second-quarter gross of $217.8 million, up 8% sequentially. Net income roseate to $14.6 cardinal from $9.5 cardinal successful the archetypal quarter, portion adjusted EBITDA accrued astir 12% sequentially to $115.8 cardinal from $102.9 million.

Chief Financial Officer Scott McNeely said adjusted EBITDA borderline reached 53%, reflecting higher throughput, the scalability of the company's infrastructure and operating discipline. Adjusted operating borderline was $124.1 million, compared with $111.3 cardinal successful the archetypal quarter, portion gross borderline accrued to $58.1 cardinal from $48.2 million.

→ 4 Oil and Gas ETF Plays arsenic Prices Stay Sky-High

Second-quarter superior expenditures totaled $123.3 million, mostly directed toward the Speedway build-out and continued state-line infrastructure development. WaterBridge ended the 4th with $347.6 cardinal of full liquidity, consisting of $47.6 cardinal successful currency and astir $300 cardinal of disposable revolver capacity. Total indebtedness was $1.636 billion, and its covenant nett leverage ratio was 3.3 times.

Read Entire Article