WaterBridge (WBI) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Mon, March 16, 2026 astatine 12:02 PM CDT 27 min read

Image source: The Motley Fool.

Monday, March 16, 2026 astatine 12 p.m. ET

• Chief Executive Officer — Jason Long

• Chief Operating Officer — Michael Reitz

• Chief Financial Officer — Scott McNeely

• Head of Investor Relations — Mae Herrington

Need a punctuation from a Motley Fool analyst? Email [email protected]

Mae Herrington: Good morning, everyone, and convey you for joining WaterBridge Infrastructure LLC's 4th fourth and fiscal twelvemonth 2025 net call. I americium joined contiguous by our Chief Executive Officer, Jason Long, our Chief Operating Officer, Michael Reitz, and our Chief Financial Officer, Scott McNeely. Before we begin, I would similar to punctual you that successful this telephone and the related presentation, we volition marque forward-looking statements regarding our existent beliefs, plans, and expectations, which are not guarantees of aboriginal show and are taxable to a fig of known and chartless risks and uncertainties that could origin existent results to disagree materially from results and events contemplated by specified forward-looking statements. You are cautioned not to spot undue reliance connected forward-looking statements.

Please notation to the hazard factors and different cautionary statements included successful our filings with the SEC. I would besides similar to constituent retired that our capitalist presumption and today's league telephone volition incorporate discussions of non-GAAP fiscal measures we judge are utile successful evaluating our performance. These supplemental measures should not beryllium considered successful isolation oregon arsenic a substitute for fiscal measures prepared successful accordance with GAAP. Reconciliations to the astir straight comparable GAAP measures are included successful our net merchandise and the appendix of today's accompanying presentation.

Prior to the closing of WaterBridge Infrastructure LLC's archetypal nationalist offering connected September 18, 2025, WaterBridge Infrastructure LLC completed the palmy operation of its bequest entities WaterBridge Equity Finance LLC, WaterBridge NDB Operating LLC, and Desert Environmental LLC. Full twelvemonth 2025 cardinal operational metrics discussed contiguous are presented connected a combined basis, and afloat twelvemonth 2025 fiscal results discussed contiguous are presented connected a pro forma ground successful accordance with Article 11 of Regulation S-X assuming the operation and the IPO had occurred connected January 1, 2024. I volition present crook the telephone implicit to our Chief Executive Officer, Jason Long.

Jason Long: Thank you, Mae, and bully morning, everyone. 2025 was a transformative twelvemonth for WaterBridge Infrastructure LLC arsenic we completed our upsized and highly palmy IPO successful September, bringing to marketplace the largest pure-play h2o infrastructure web successful the United States. To statesman today, I americium arrogant to denote that our 4th fourth and afloat twelvemonth 2025 results proceed to show beardown operations with 4th fourth produced h2o volumes up to 2,600,000 barrels per time and afloat twelvemonth combined volumes averaging 2,400,000 barrels per day, representing 15% year-over-year maturation compared to combined 2024 volumes.