WaterBridge Q3 revenue rises 17% on record produced water volumes
WBI•WaterBridge’s third-quarter revenue rose 17% year over year to $240.16 million as produced water volumes reached a record. The company raised its 2026 volume and adjusted EBITDA guidance and lowered its capital expenditure outlook.
1. Quarterly results
WaterBridge reported third-quarter revenue of $240.16 million and net income of $13.33 million. Adjusted EBITDA grew 18% year over year, driven by higher volumes and margin improvement.
2. Raised 2026 guidance
The company now expects produced water handling volumes of 2.65 million to 2.75 million barrels per day in 2026 and adjusted EBITDA of $465 million to $485 million. It lowered its 2026 capital expenditure guidance to $530 million to $560 million.
3. Volume drivers
Higher activity in the Delaware Basin and increased capture of existing volumes drove record produced water handling volumes. Outperformance of the Speedway Phase I pipeline contributed to higher volumes and new commercial agreements; increased volumes and higher rates on new contracts also contributed to sequential revenue growth.
