Latest revenue
$201.0M
as of 2026-03-31
Latest net income
$3.5M
as of 2026-03-31
Net margin
1.7%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- —
- Enterprise value
- —
- P/E (trailing)
- —
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.2%
- 52-wk high
- $31.52
- 52-wk low
- $18.64
- Beta
- —
- Shares out
- —
5-year trend
What this company does
Item 1. Business WaterBridge was formed on April 11, 2025 as a Delaware limited liability company to serve as the issuer in an initial public offering of equity, which closed on September 18, 2025 (the “IPO”). WaterBridge is a holding company, the principal asset of which is units representing limited liability company interests (“OpCo Units”) in OpCo. WaterBridge is also the sole managing member of OpCo. Unless otherwise indicated or the context otherwise requires, references in this Annual Report to “WaterBridge,” “us,” “we,” “our” or the “Company” are to (i) WaterBridge NDB Operating LLC (“NDB Operating”), one of our predecessors for SEC reporting purposes, and its subsidiaries, for…
AI summary unavailable — showing raw filing excerpt
Generated from WBI's filing dated 2026-03-16
Key risks
Item 1A. Risk Factors This Quarterly Report should be read in conjunction with the risk factors disclosed under the heading “Risk Factors” in the 2025 Form 10-K. Except as set forth below, there have been no material changes to the risk factors disclosed under the heading “Risk Factors” in the 2025 Form 10-K. Declining general economic, business or industry conditions may have a material adverse effect on our results of operations, cash flows and financial position. Concerns over global economic conditions, global health threats, trade policies, increased trade restrictions and tariffs, supply chain disruptions, decreased demand, labor shortages, geopolitical issues, inflation, changes in…
AI summary unavailable — showing raw filing excerpt
Generated from WBI's filing dated 2026-03-16
Profitability
Operating margin
15.0%
15.9%Leverage
Debt / equity
5.14×
Long-term debt / equity
2.38×
Debt / assets
83.7%
16.3%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $201.0M | +105.3% | $3.5M | — | 1.7% |
Q4 2025 2025-12-31 | $61.8M | — | — | — | — |
Q3 2025 2025-09-30 | $123.3M | +37.2% | $-667.0K | — | -0.5% |
Q3 2025 2025-09-16 | $242.6M | +170.2% | — | — | — |
Q1 2025 2025-03-31 | $97.9M | — | — | — | — |
Q3 2024 2024-09-30 | $89.8M | — | — | — | — |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Oil & Gas Field Services, NEC · SIC 1389
Your notes
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Insider activity
Insider buying
$7.8M
Insider selling
$0
Net activity
+$7.8M
Distinct insiders
6
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns WBI
Institutional value
$724.9M
Total shares held
27.1M
Distinct holders
85
-19 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | DEVON ENERGY CORP/DE | 17.8M | $475.7M | — | New |
| 2 | SCHWARTZ INVESTMENT COUNSEL INC | 1.6M | $42.9M | +218.0K (+15.7%) | Added |
| 3 | Walleye Capital LLC | 730.8K | $19.6M | +627.6K (+608.1%) | Added |
| 4 | FIDEURAM - INTESA SANPAOLO PRIVATE BANKING S.P.A. | 641.9K | $17.2M | — | New |
| 5 | FEDERATED HERMES, INC. | 633.0K | $17.0M | +0 (+0.0%) | No change |
| 6 | REAVES W H & CO INC | 450.0K | $12.1M | +0 (+0.0%) | No change |
| 7 | UBS Group AG | 327.7K | $8.8M | +90.7K (+38.3%) | Added |
| 8 | JENNISON ASSOCIATES LLC | 323.9K | $8.7M | +17.2K (+5.6%) | Added |
| 9 | BNP PARIBAS FINANCIAL MARKETS | 323.1K | $8.7M | +263.1K (+439.0%) | Added |
| 10 | MAD RIVER INVESTORS | 270.9K | $7.3M | +13.9K (+5.4%) | Added |
| 11 | HAMILTON LANE ADVISORS LLC | 260.3K | $7.0M | -739.7K (-74.0%) | Trimmed |
| 12 | Russell Investments Group, Ltd. | 250.7K | $6.7M | +101.9K (+68.4%) | Added |
| 13 | SEVEN GRAND MANAGERS, LLC | 250.0K | $6.7M | +0 (+0.0%) | No change |
| 14 | Moors & Cabot, Inc. | 234.1K | $6.3M | +130.9K (+126.9%) | Added |
| 15 | SEI INVESTMENTS CO | 231.5K | $6.2M | +104.2K (+81.8%) | Added |
| 16 | CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT | 202.5K | $5.4M | — | New |
| 17 | EagleClaw Capital Managment, LLC | 200.2K | $5.4M | +80.4K (+67.1%) | Added |
| 18 | JANE STREET GROUP, LLC | 174.8K | $4.7M | -217.7K (-55.5%) | Trimmed |
| 19 | TOCQUEVILLE ASSET MANAGEMENT L.P. | 169.6K | $4.5M | -38.0K (-18.3%) | Trimmed |
| 20 | KING LUTHER CAPITAL MANAGEMENT CORP | 143.4K | $3.8M | -66.7K (-31.8%) | Trimmed |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once WBI's latest filing finishes processing.