WaterBridge Infrastructure LLC - CL

Q2 FY2026 EarningsQ2 FY26 results outperformed consensus across all key financial metrics. Total revenue of $217.8M beat expectations by 2.43%, while GAAP EPS reached $0.10, significantly exceeding the $0.02 consensus. Performance was primarily driven by the WaterBridge Combination and strong organic growth in the Stateline area, with produced water handling volumes up 114% YoY. Although the effective tax rate of 13.19% was higher than the 10.0% estimate, robust operating income and a dividend declaration of $0.05 per share signal strong fundamental momentum and shareholder alignment.