WaterBridge Infrastructure LLC logo WBI - WaterBridge Infrastructure LLC

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 1
BUY 3
HOLD 1
SELL 0
STRONG
SELL 0
| PRICE TARGET: $36.50 DETAILS
HIGH: $43.00
LOW: $28.00
MEDIAN: $37.00
CONSENSUS: $36.50
UPSIDE: 13.32%
Annual Quarterly
Metric 2025 2024 2023
Revenue
Revenue 525.6 662.2 200.8
Cost of Revenue 383.3 544.7 145.5
Gross Profit 142.2 117.4 55.3
Operating Expenses
R&D Expenses 0 0 0
SG&A Expenses 47.2 68.4 14.7
Other Expenses 16.1 (0.3) 0.0
Operating Expenses 63.4 68.2 14.7
Operating Income
Operating Income 78.9 49.2 40.6
Interest Expense 68.9 160.4 26.2
Interest Income 0 0 0
Profitability
EBITDA 230.7 52.1 90.7
EBIT 89.8 52.1 41.0
Income Before Tax (1.1) (108.3) 14.8
Income Tax Expense (1.1) (6.6) 0.1
Net Income 0.0 (25.2) 14.7
Per Share Data
EPS (Basic) -0.10 -0.66 0.38
EPS (Diluted) -0.10 -0.66 0.38
Shares Outstanding 43.3 38.5 38.8
Metric 2025 2024
Current Assets
Cash & Cash Equivalents 51.5 13.3
Short-Term Investments 0 0
Net Receivables 164.3 101.0
Inventory 0 0
Other Current Assets 45.3 1.2
Total Current Assets 261.1 120.3
Non-Current Assets
Property, Plant & Equipment 2,285.5 1,101.0
Goodwill 53.1 9.1
Intangible Assets 935.7 118.5
Long-Term Investments 0 0
Other Non-Current Assets 32.7 1.7
Total Non-Current Assets 3,438.9 1,230.2
Total Assets 3,700.0 1,350.6
Current Liabilities
Account Payables 38.7 13.2
Short-Term Debt 12.5 6.5
Deferred Revenue 0 0
Other Current Liabilities 137.7 1.8
Total Current Liabilities 188.9 83.5
Non-Current Liabilities
Long-Term Debt 0 586.4
Deferred Tax Liabilities 0 0
Other Non-Current Liabilities 1,663.5 11.0
Total Non-Current Liabilities 1,663.5 604.1
Total Liabilities 1,852.4 687.5
Stockholders' Equity
Common Stock 0 663.0
Retained Earnings (4.5) 0
Accumulated Other Comprehensive Income 0 0
Total Stockholders' Equity 602.3 663.0
Total Liabilities & Equity 3,700.0 1,350.6
Debt Metrics
Total Debt 12.5 595.8
Net Debt (39.0) 582.5
Metric 2025 2024 2023
Operating Activities
Net Income 0.0 (88.1) 14.7
Depreciation & Amortization 142.7 0 49.7
Stock-Based Compensation 5.3 9.5 (0.4)
Change in Working Capital (15.4) 0 (10.7)
Other Non-Cash Items 28.3 78.6 (4.8)
Operating Cash Flow 159.7 0 48.5
Investing Activities
Capital Expenditure (278.6) 0 (148.0)
Acquisitions 39.9 0 (25.3)
Purchases of Investments 0 0 0
Sales/Maturities of Investments 0 0 0
Other Investing Activities 20.0 0 2.0
Investing Cash Flow (218.6) 0 (171.3)
Financing Activities
Net Debt Issuance (345.4) 0 120.5
Stock Repurchased 0 0 0
Dividends Paid 0 0 0
Other Financing Activities (242.8) 0 8.3
Financing Cash Flow 97.2 0 128.8
Cash Position
Net Change in Cash 38.3 0 6.0
Cash at Beginning 13.3 0 6.9
Cash at End 51.5 0 12.9
Free Cash Flow (118.9) 0 (99.5)
Key Metrics 2025 2024 2023
Income Statement
Revenue 525.6 662.2 200.8
Gross Profit 142.2 117.4 55.3
Operating Income 78.9 49.2 40.6
Net Income 0.0 (25.2) 14.7
EPS (Diluted) -0.10 -0.66 0.38
Balance Sheet
Cash & Equivalents 51.5 13.3
Total Assets 3,700.0 1,350.6
Total Debt 12.5 595.8
Stockholders' Equity 602.3 663.0
Cash Flow
Operating Cash Flow 159.7 0 48.5
Capital Expenditure (278.6) 0 (148.0)
Free Cash Flow (118.9) 0 (99.5)