WATERBRIDGE INFRASTRUCT.A

WBI Operating LLC, a subsidiary of WaterBridge, priced $150 million of senior notes at 6.500% (due 2033) at par; the size was increased from an initial $100 million. The new notes will be issued as additional notes under the indenture dated Oct. 6, 2025 and share the terms of the existing $600 million series with a 6.500% coupon. WaterBridge intends to use the net proceeds to partially repay outstanding borrowings under its revolving credit facility; closing is expected on Aug. 18, 2026. » More on de.investing.com

WaterBridge reported Q1 2026 revenue of $201.0m and net income of $9.5m (EPS $0.08), significantly missing profit expectations and sending the stock down about 4.17%. Despite the earnings disappointment, adjusted EBITDA was strong at $102.9m with a 51% margin. Management raised the full-year guidance for production volumes and adjusted EBITDA to $425–465m, citing stronger demand in the Delaware Basin and progress on the Speedway projects, while capital expenditures for pipeline construction increased. WaterBridge also announced a quarterly dividend; net debt at quarter-end was 3.3x covenant-EBITDA. » More on de.investing.com

WaterBridge Infrastructure appointed Valerie Chase as a member of the board of directors and as chair of the audit committee; her term expires at the 2026 annual general meeting or earlier upon resignation or removal. The board classifies her as an independent director; Chase brings more than 20 years of experience in finance, accounting and corporate governance. She will receive 2,830 Restricted Stock Units, an annual cash retainer of $100,000 and additional annual payments of $10,000 each for committee membership and chair service, and an indemnification agreement has been put in place. » More on de.investing.com