WBI
EnergyWaterBridge Infrastructure LLC · Oil & Gas Energy · $1B
What is WaterBridge Infrastructure LLC?
WaterBridge Infrastructure LLC is a small-cap energy infrastructure company focused on water management services for oil and gas producers. Operating primarily in key U.S. shale basins, it provides the behind-the-scenes water handling that keeps upstream energy operations running.
WaterBridge generates revenue by collecting, transporting, recycling, and managing produced water on behalf of oil exploration and production companies. Its infrastructure networks serve operators in the Delaware Basin, with additional assets in the Eagle Ford and Arkoma basins. Rather than producing oil or gas itself, the company earns fees for handling the large volumes of water that surface alongside hydrocarbons — a critical and often overlooked part of the energy supply chain.
Founded in 1987 and headquartered in Houston, Texas.
- Produced water collection and transportation networks
- Water recycling and treatment services
- Midstream water infrastructure in the Delaware Basin
- Water management support for Eagle Ford and Arkoma basin operators
Is WBI a Good Stock to Buy?
UQS Score rates WBI as Below Average overall, reflecting meaningful structural challenges alongside some areas of relative strength.
The Growth pillar stands out as a positive signal, suggesting the company is expanding its operational footprint within a basin where produced water volumes continue to rise. The Risk and Valuation pillars also register as Good, indicating the stock does not appear to carry excessive financial risk relative to its price at current levels.
The Quality and Moat pillars both register as Weak — the two most significant drags on the overall score — pointing to limited competitive differentiation and below-average business fundamentals compared to sector peers.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does WBI pay dividends?
Yes — WaterBridge Infrastructure LLC pays a dividend.
WBI pays a regular dividend, which is relatively uncommon among small-cap infrastructure names and may appeal to income-oriented investors. The dividend reflects the company's fee-based, infrastructure-style revenue model, where contracted water volumes can support recurring cash distributions. Investors should weigh the sustainability of the payout against the Weak Quality pillar before relying on it as a primary income source.
When does WBI report earnings?
WaterBridge Infrastructure reports earnings on a quarterly cadence, consistent with standard practice for U.S.-listed companies.
Quarterly results for WBI tend to reflect basin-level activity from oil and gas producers — when drilling and completion activity rises in the Delaware Basin, produced water volumes and associated revenues generally follow. The Growth pillar rating suggests recent trends have been directionally positive, though the Weak Quality pillar indicates profitability metrics remain a concern.
For the most recent quarter's results and guidance, visit WaterBridge Infrastructure's investor relations page directly.
WBI Price History
+7.4% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
WBI Long-term Outlook
The fundamental outlook for WBI is shaped by two competing forces. On one hand, the Good Growth pillar suggests the company is capturing expanding water volumes as Delaware Basin production activity continues. On the other hand, the Weak Moat pillar raises questions about whether WaterBridge can defend its market position and pricing power over time. The Good Risk pillar provides some reassurance that near-term financial stress appears manageable, but the Weak Quality pillar means the path to durable profitability is not yet clear.
Growth drivers
- Rising produced water volumes tied to Delaware Basin drilling activity
- Expansion of water infrastructure network capacity
- Growing operator demand for compliant water recycling and disposal solutions
Key risks
- Weak competitive moat leaves pricing and contract terms vulnerable to competition
- Business performance is closely tied to upstream oil and gas activity levels
- Below-average quality metrics may limit financial flexibility during downturns
WBI vs Peers
WBI operates in a niche corner of the energy services landscape, where its closest publicly listed peers include the following companies.
Diversified Energy focuses on acquiring and operating mature, long-life natural gas wells rather than providing water infrastructure services, giving it a different revenue profile and asset base.
New Era Energy operates at the intersection of energy and digital services, representing a broader and less infrastructure-focused business model than WaterBridge.
Delixy Holdings brings a distinct geographic and operational footprint to the peer group, contrasting with WaterBridge's U.S. basin-centric water management focus.
Frequently Asked Questions
What does WaterBridge Infrastructure do?
WaterBridge Infrastructure provides water management services to oil and gas exploration and production companies. It collects, transports, recycles, and disposes of produced water — the water that comes to the surface alongside oil and gas — primarily across the Delaware Basin, with additional operations in the Eagle Ford and Arkoma basins.
Does WBI pay dividends?
Yes, WBI pays a regular dividend. This is notable for a small-cap infrastructure company and reflects its fee-based business model. However, investors should review the sustainability of the payout in the context of the company's Weak Quality pillar rating before treating it as a reliable income stream.
When does WBI report earnings?
WaterBridge Infrastructure reports on a quarterly cadence, as is standard for U.S.-listed companies. For specific dates and the most recent results, check the company's official investor relations page, as our data source does not cover upcoming earnings dates.
Is WBI a good stock to buy?
UQS Score rates WBI as Below Average overall. The Growth, Risk, and Valuation pillars show relative strength, but the Weak Quality and Moat pillars are meaningful concerns. Whether WBI fits a portfolio depends on an investor's tolerance for below-average fundamentals alongside a dividend and growth profile. View the full pillar breakdown on UQS Pro.
Is WBI overvalued?
The Valuation pillar for WBI is rated Good, suggesting the stock does not appear obviously overpriced relative to its fundamentals at current levels. That said, valuation alone does not determine investment merit — the Weak Quality and Moat scores are important context for any valuation assessment.
How does WBI compare to its competitors?
WBI's publicly listed peers — including Diversified Energy Company, New Era Energy, and Delixy Holdings — each operate with different business models and geographic focuses. WaterBridge's differentiation lies in its dedicated water infrastructure networks in major U.S. shale basins. UQS Pro members can see side-by-side UQS Score comparisons across these peers.
What is WBI's market cap bracket?
WBI is classified as a small-cap company. This means it carries the typical characteristics of smaller publicly traded firms — potentially higher volatility, less analyst coverage, and greater sensitivity to operational disruptions compared to large- or mega-cap peers in the energy sector.
Who founded WaterBridge Infrastructure?
WaterBridge Infrastructure was established in 1987 and is headquartered in Houston, Texas. For detailed founding history and leadership background, the company's official website and investor relations materials are the most reliable sources.
Is WBI a long-term quality investment?
As a long-term quality indicator, WBI's UQS Score of Below Average reflects structural concerns — particularly the Weak Moat and Quality pillars — that matter over a multi-year horizon. The Good Growth pillar offers some optimism, but durable long-term quality typically requires stronger competitive positioning and business fundamentals than WBI currently demonstrates.
What is the main competitive advantage of WaterBridge Infrastructure?
WaterBridge's primary advantage is its established water infrastructure network in the Delaware Basin, one of the most active U.S. shale regions. Physical infrastructure — pipelines, disposal wells, and recycling facilities — creates some switching costs for producers already connected to the system. However, the Weak Moat pillar rating suggests this advantage is not yet considered durable by UQS metrics.
What sector does WBI belong to?
WBI operates in the Energy sector, specifically within the midstream and energy services niche. It does not produce oil or gas but instead provides the water management infrastructure that supports upstream producers — placing it closer to the infrastructure and services end of the energy value chain.
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Pro Analysis
WBI — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 40.5 | 15.9 | 25.0 | 52.0 | 66.4 | 66.3 | +5.1 |
| May 8, 2026 | 35.4 | 17.0 | 25.0 | 52.0 | 37.2 | 59.8 | -3.9 |
| May 7, 2026 | 39.3 | 10.4 | 25.0 | 52.0 | 67.1 | 66.6 | +0.1 |
| May 3, 2026 | 39.2 | 10.4 | 25.0 | 52.0 | 67.1 | 66.1 | -0.1 |
| May 1, 2026 | 39.3 | 10.4 | 25.0 | 52.0 | 67.1 | 66.5 | -0.1 |
| Apr 26, 2026 | 39.4 | 10.4 | 25.0 | 52.0 | 67.1 | 67.0 | -0.2 |
| Apr 22, 2026 | 39.6 | 10.4 | 25.0 | 52.0 | 67.1 | 68.4 | -5.3 |
| Apr 21, 2026 | 44.9 | 12.2 | 25.0 | 76.5 | 67.1 | 68.4 | +0.3 |
| Apr 18, 2026 | 44.6 | 12.2 | 25.0 | 76.5 | 67.1 | 66.2 | +1.1 |
| Apr 15, 2026 | 43.5 | 12.2 | 25.0 | 76.5 | 67.1 | 58.6 | +0.1 |
WBI — Pillar Breakdown
Quality
— 15.9/100 (25%)WaterBridge Infrastructure LLC currently shows below-average quality metrics, suggesting challenges with profitability.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 52.0/100 (20%)WaterBridge Infrastructure LLC shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 66.4/100 (15%)WaterBridge Infrastructure LLC maintains a reasonable risk profile with manageable debt levels.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 66.4/100 (15%)WaterBridge Infrastructure LLC trades at a reasonable valuation with decent earnings yield and FCF multiples.
Inverse of forward P/E — higher yield means cheaper stock.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 25/100 (25%)WaterBridge Infrastructure LLC operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for WBI.
Score Composition
Financial Data
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How is the WBI UQS Score Calculated?
The UQS (Unified Quality Score) for WaterBridge Infrastructure LLC is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses WaterBridge Infrastructure LLC's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether WaterBridge Infrastructure LLC is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.