• Reported GAAP EPS of $0.04 • Reported revenue of $200.98M • WaterBridge increased full-year 2026 guidance for produced water handling volumes to 2.53M barrels per day and Adjusted EBITDA to $425M, representing approximately 8% and 10% annual growth, respectively.
Bullish
WaterBridge raised its full-year 2026 guidance for volumes and Adjusted EBITDA, driven by strong commercial demand and project progress, and achieved improved net income compared to the prior quarter.
Bearish
WaterBridge experienced a 4% sequential decrease in Q1 2026 revenue and produced water handling volumes due to seasonal activity, alongside high capital expenditures and a reliance on limited customers.