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Friday 6 November 2026
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WaterBridge Infrastructure LLC
WBI Energy Oil & Gas Equipment & Services
WaterBridge Infrastructure LLC’s revenue for fiscal 2025 (year ended December 2025) was $525.6 million, up 66.2% from fiscal 2024.
- Revenue
- +94.9%
- EPS
- +600.0%
- Free cash flow
- +325.2%
- Total debt
- +5.84%
Quarter to September 2026, against a year earlier
24.27
0.32
+1.34%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | 201 | 316 | 526 | 868 | +61.8% | 904 | 1,108 | 1,299 | +35.2% | |
| Gross margin, % | — | — | — | — | — | — | — | 51.67 | 52.72 | 53.87 | 0.00 | +2.2 pt | ||||||
| EBT | — | — | — | — | — | — | — | 15 | 3 | (1) | 28 | n/m | ||||||
| EBT margin, % | — | — | — | — | — | — | — | 7.36 | 1.05 | (0.20) | 3.21 | (7.6) pt | ||||||
| Net income | — | — | — | — | — | — | — | 15 | 3 | 0 | 24 | (97.5%) | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | — | — | 0.00 | 0.00 | 12.15 | 15.62 | n/m | |||||
| Earnings | — | — | — | — | — | — | — | — | — | (0.10) | 0.19 | — | ||||||
| Cash flow | — | — | — | — | — | — | — | 0.00 | 0.00 | 3.69 | 6.37 | n/m | ||||||
| Capex | — | — | — | — | — | — | — | 0.00 | 0.00 | (5.98) | 0.00 | n/m | ||||||
| Free cash flow | — | — | — | — | — | — | — | 0.00 | 0.00 | (2.28) | 6.37 | n/m | ||||||
| Book value | — | — | — | — | — | — | — | 0.00 | 0.00 | 42.70 | 33.03 | n/m | ||||||
| Shares, m | — | — | — | — | — | — | — | — | — | 43 | 48 | — | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | 485.41 | 485.41 | 485.41 | 126.76 | 485.4 | |||||
| P/S | — | — | — | — | — | — | — | 0.00 | 0.00 | 1.65 | 1.55 | 0.5 | ||||||
| P/B | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.47 | 0.73 | 0.2 | ||||||
| EV/Sales | — | — | — | — | — | — | — | 0.00 | 0.00 | 4.30 | 3.60 | 1.4 | ||||||
| EV/FCF | — | — | — | — | — | — | — | (4.32) | (4.32) | (22.85) | (113.68) | (10.5) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | — | 48 | 74 | 160 | 354 | +81.5% | |||||
| Capex | — | — | — | — | — | — | — | (146) | (157) | (259) | (381) | +33.1% | ||||||
| Free cash flow | — | — | — | — | — | — | — | (97) | (83) | (99) | 354 | +0.7% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | — | — | — | 37 | 72 | 45 | +95.8% | |||||
| Net debt | — | — | — | — | — | — | — | — | 580 | 1,393 | 1,781 | +140.3% | ||||||
| Shareholders’ equity | — | — | — | — | — | — | — | — | 663 | 1,848 | 1,835 | +178.7% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | — | — | — | 0.00 | 0.44 | (0.18) | 0.00 | (0.2) pt | |||||
| ROIC | — | — | — | — | — | — | — | 0.00 | 2.84 | 1.52 | 2.32 | +1.5 pt | ||||||
| ROE | — | — | — | — | — | — | — | 0.00 | 0.00 | (0.36) | 0.00 | (0.4) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | 510 | 540 | — | +5.9% | |||||
| Revenue/emp, $m | — | — | — | — | — | — | — | 0.00 | 0.62 | 0.97 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026
WaterBridge Infrastructure LLC vs peers in Oil & Gas Equipment & Services (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| WHD Cactus, Inc. | $4.4B | 37.6× | 23.4× | +63.24% (above 0%: growing) | +45.90% (above 0%: growing) | −95.60% (below 0%: shrinking) | 36.40% | 21.83% | Compare |
| SEI Solaris Energy Infrastructure, Inc. | $4.1B | 50.4× | 49.5× | +46.92% (above 0%: growing) | +13.33% (above 0%: growing) | −89.73% (below 0%: shrinking) | 57.55% | 25.76% | Compare |
| KGS Kodiak Gas Services, Inc. | $3.9B | 46.4× | 24.4× | +21.15% (above 0%: growing) | +22.73% (above 0%: growing) | −194.00% (below 0%: shrinking) | 63.09% | 31.76% | Compare |
| USAC USA Compression Partners, LP | $3.5B | 21.5× | 20.9× | +42.73% (above 0%: growing) | +22.22% (above 0%: growing) | −74.45% (below 0%: shrinking) | 62.19% | 28.60% | Compare |
| TDW Tidewater Inc. | $3.4B | 13.9× | 32.8× | +0.25% (above 0%: growing) | −70.07% (below 0%: shrinking) | −15.92% (below 0%: shrinking) | 46.88% | 18.27% | Compare |
| OII Oceaneering International, Inc. | $3.4B | 10.4× | 21.1× | +5.61% (above 0%: growing) | −26.76% (below 0%: shrinking) | +66.85% (above 0%: growing) | 20.97% | 11.75% | Compare |
| WBI WaterBridge Infrastructure LLC | $3.0B | 127× | 205× | +94.86% (above 0%: growing) | n/m | +325.23% (above 0%: growing) | 0.00% | 17.20% | |
| EROK EagleRock Land LLC | $2.4B | — | — | — | n/m | — | 79.13% | (128.01%) | Compare |
| EFXT Enerflex Ltd. | $2.3B | 32.7× | — | −19.82% (below 0%: shrinking) | +50.13% (above 0%: growing) | +147.62% (above 0%: growing) | 22.79% | 12.36% | Compare |
| Median of peers | $3.5B | 32.7× | 23.9× | +21.15% | +22.22% | −74.45% | 52.22% | 20.05% |
Pay and ownership Proxy statement filed 30 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 6.42m | 8.77m | 100.05 |
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Read the proxy statement
WaterBridge Infrastructure LLC (WBI) Latest News
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6 Aug
16 Mar
23 Feb
WBI metrics, ten years each
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Book value per share