WaterBridge Delivers Record Revenues as Q2 Earnings Soar
WaterBridge, a leading provider of produced water management solutions, has announced another strong quarter with record revenues and Adjusted EBITDA in its second quarter 2026 earnings call. According to CEO Jason Long, the company's results were driven by organic growth across its core business, underpinned by WaterBridge's unique ability to handle and recycle the rising volumes of produced water across its scaled, integrated network.
Long highlighted the company's ability to monetize strong commercial demand for access to its existing infrastructure, particularly along the state line where pore pressure constraints are limiting injection capacity. This strategic positioning has enabled WaterBridge to capitalize on growing customer needs and expand its market share in the region.
One of the key highlights of the quarter was the acquisition of Ranger Water Midstream, which increases WaterBridge's capacity in Lea County, New Mexico, a highly active and disposal-constrained area. The acquisition includes disposal wells with approximately 70,000 barrels per day of total permitted capacity, as well as produced water gathering pipelines, a water treatment facility, and storage capacity.
CEO Long emphasized that the acquired infrastructure is adjacent to Speedway, creating meaningful opportunities for future integration, additional throughput, and enhanced operational flexibility for both new and existing customers. With established contracts and acres dedications with blue-chip producers already in place, WaterBridge anticipates Ranger will be immediately accretive and a strong tailwind to its increasing market share in the region.
In addition to the acquisition of Ranger Water Midstream, WaterBridge also announced two new investments that will allow it to significantly expand its synergistic environmental waste management business. The company entered into an agreement to acquire the NDB Landfill in Lea County, expanding its waste management footprint into new markets across New Mexico. This acquisition provides a large, scalable platform for growth in a region with high empty activity.
WaterBridge also announced the organic construction of a 280-acre environmental waste management facility in the Stateline region, which will be its fourth site in the basin. Construction is expected to begin in the third quarter with an anticipated in-service date of mid-2027. This project represents a high-return opportunity to construct an additional landfill facility with an approximately two-year capital payback period expected.
Together, these acquisitions and investments reflect WaterBridge's disciplined approach to capital allocation and its commitment to expanding its capabilities in the produced water management space. As the company continues to execute on its growth strategy, it remains well-positioned to capitalize on growing demand for its services and drive long-term value creation for shareholders.
The Q2 earnings call also highlighted WaterBridge's strong commercial execution, with CEO Long emphasizing the company's ability to deliver strong results despite a challenging market environment. With a solid track record of performance and a clear vision for growth, WaterBridge is poised to continue its upward trajectory in the coming quarters.
