WaterBridge Infrastructure LLC announced fourth quarter and fiscal year 2025 financial results, with Q4 revenue of $208.9 million up 2% from prior quarter pro forma revenue and full-year pro forma revenue of $790.0 million up 19% year-over-year. The company provided 2026 Adjusted EBITDA guidance of $420 to $460 million and declared an inaugural quarterly dividend of $0.05 per share.
Key takeaways
Q4 2025 revenue $208.9 million, up 2% from Q3 pro forma $205.5 million
FY 2025 pro forma revenue $790.0 million, up 19% year-over-year
Q4 2025 produced water handling volumes 2.6 million barrels per day, up 1% from Q3 combined
FY 2025 pro forma Adjusted EBITDA $402.8 million, 51% margin
2026 Adjusted EBITDA guidance $420 to $460 million
Inaugural dividend $0.05 per Class A share, record date March 5, 2026, payable March 19, 2026
Q4 capital expenditures $89.2 million, primarily Speedway Pipeline Phase 1