To List on NYSE
The company has applied to list on the New York Stock Exchange and NYSE Texas, under the ticker symbol WBI. The group of underwriters will be led by JPMorgan and Barclays. The management said it intends to use net proceeds from the offering to purchase a portion of the newly formed parent company WBR Holdings’ interests held by third-party investor Elda River, and to contribute all of the remaining proceeds to WBR Holdings in exchange for its newly issued units.
The Company
Headquartered in Houston, Texas, WaterBridge is engaged in the gathering, transportation, and recycling of produced water. It is a pure-play water infrastructure firm that operates mainly in the Delaware Basin. As of July 31, the company’s infrastructure network included around 2,500 miles of pipelines and 196 produced water handling facilities that handled over 2.6 million barrels per day of produced water for customers, on a pro forma basis.
For the six months ended June 30, WaterBridge reported a net loss of $38 million on revenues of $375 million, on a pro forma basis. In the year ended December 2024, the company incurred a pro forma loss of $112.3 million. Revenues totaled $662.2 million in fiscal 2024.