Successful IPO and Public Market Entry
WaterBridge completed a successful IPO on September 18, 2025, which was significantly oversubscribed and priced at the high end of the range. This marked the largest energy sector IPO since 2019.
Strong Quarterly Performance
Pro forma revenue for the third quarter increased to $205.5 million, up 8% compared to last quarter, driven by increased volumes and rates.
Operational Achievements
Combined produced water handling volumes for the quarter were 2.5 million barrels per day, representing quarter-over-quarter growth of 7%.
Commercial Momentum
The company brought the bpx Kraken project online, featuring a 10-year minimum volume commitment, and announced the final investment decision for the Speedway pipeline project.
Solid Financial Position
WaterBridge ended the quarter with total liquidity of $547 million, including cash and cash equivalents of $347 million.