InsiderClue
Stocks · Energy · Oil & Gas Field Services, NEC

WaterBridge Infrastructure LLC

WBI Clue Score54
United States Fiscal year ends December CIK 0002064947
$29.98 +0.67% Close, 9 Oct 2026
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Price $29.98 +17.43% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 17 Sep 2025. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2023Revenue200.8Operating income40.5Net income14.7Fiscal year 2024Revenue316.3 +57.5%Operating income56.4Net income3.0 −79.6%Fiscal year 2025Revenue525.6 +66.2%Operating income78.9Net income0.0 −99.7%
FY2023FY2024FY2025
Revenue 200.8 316.3 525.6
Growth +57.5% +66.2%
Operating income 40.5 56.4 78.9
Net income 14.7 3.0 0.0
Growth −79.6% −99.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2023Operating margin20.2%Net margin7.3%Free cash flow margin−49.6%Fiscal year 2024Operating margin17.8%Net margin0.9%Free cash flow margin−27.2%Fiscal year 2025Operating margin15.0%Net margin0.0%Free cash flow margin−22.6%
FY2023FY2024FY2025
Operating margin 20.2% 17.8% 15.0%
Net margin 7.3% 0.9% 0.0%
Free cash flow margin −49.6% −27.2% −22.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2023Operating cash flow48.5Capital expenditure−148.0Free cash flow−99.5Fiscal year 2024Operating cash flow73.9Capital expenditure−159.9Free cash flow−86.1Fiscal year 2025Operating cash flow159.7Capital expenditure−278.6Free cash flow−118.9
FY2023FY2024FY2025
Operating cash flow 48.5 73.9 159.7
Capital expenditure −148.0 −159.9 −278.6
Free cash flow −99.5 −86.1 −118.9
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2023Cash12.9Fiscal year 2024Cash13.3Total debt593.0Net cash (debt)−579.7Shareholders’ equity0.0Fiscal year 2025Cash51.5Total debt1,444.4Net cash (debt)−1,392.8Shareholders’ equity602.3Debt to equity2.40
FY2023FY2024FY2025
Cash 12.9 13.3 51.5
Total debt n/a 593.0 1,444.4
Net cash (debt) n/a −579.7 −1,392.8
Shareholders’ equity n/a 0.0 602.3
Debt to equity n/a n/a 2.40

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
12.9 13.3 51.5
n/a 1,101.0 2,285.5
n/a 9.1 53.1
n/a 1,350.6 3,700.0
Growth +174.0%
Liabilities
n/a 6.5 12.5
n/a 586.4 1,431.8
calc n/a 593.0 1,444.4
n/a 687.5 1,852.4
Equity
n/a 0.0 −4.5
n/a 0.0 602.3
Growth
Per share and net cash
calc n/a −579.7 −1,392.8

Lines marked calc are worked out here from filed figures; point at one for how.