WBI
You’ve read what changed. Here’s whether the market is confirming it.
Market read
No new filing conclusion is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 15 directly disclosed connections are confirming.
Invalidation: The isolated read changes if WBI's group or a disclosed connection begins moving with it.
Research brief
No new filing conclusion is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 15 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
Company research
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
No credible peer-relative valuation comparison is available yet.
Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
“The increase was primarily driven by $104.2 million of increased capital expenditures, inclusive of changes in associated working capital items, related to the construction of the Speedway project.”10-Q · Aug 6, 2026 ↗
“Additionally, changes in working capital of $12.1 million were primarily due to higher interest expense accruals related to the Notes outstanding as of June 30, 2026, partially offset by timing of collections and payments.”10-Q · Aug 6, 2026 ↗
“The increase was primarily attributable to solid waste management and reclamation revenues of $18.7 million and natural gas transport revenue of $2.1 million attributable to the WaterBridge Combination, partially offset by the divestment of crude gathering an…”10-Q · Aug 6, 2026 ↗
“Additionally, there was an increase of $1.4 million related to recycled water realized unit price attributable to higher treated recycled water sales; • a decrease of $1.8 million due to a decrease of 14 MBbl/d brackish water volume related to lower customer…”10-Q · Aug 6, 2026 ↗
Valuation discipline
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Fewer than 4 annual revenue periods; too little history to scaffold scenarios.
Price action
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 29 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
Jodie has not returned a relevant primary source or news item for WBI. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
Jodie has not yet found a suitable current-versus-prior filing comparison for WBI. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
“For the year ended December 31, 2025, Devon was one of our largest customers by volume and accounted for approximately $98 million of our water-related revenues, which represented approximately 19% of our total water-related revenues for the year.”
“Customers and Contracts Our customers include many of the top-tier operators in the regions in which we operate, including bpx energy, Chevron Corporation, Devon, EOG Resources, Inc.”
Depended on by
“We receive royalties for each barrel of produced water that WaterBridge handles on our land as well as surface use payments for infrastructure constructed on our land.”
Filing peers
No filing peers are available for this name yet.
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What is moving around it
WBI is currently a Leader in the organic co-movement group Unknown Theme. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for WBI; it is not active in the latest market snapshot.
Context history
No durable theme membership has been observed for this name yet.