WaterBridge Stock Is Up 55% Since IPO. One Fund Bought Up $12 Million More Last Quarter
Key Points
Horizon Kinetics bought 504,627 shares of WaterBridge Infrastructure in the first quarter; the estimated transaction value was $12.02 million.
The quarter-end position value increased by $59.88 million, reflecting both trading and price changes.
The quarter-end stake stood at 7,342,147 shares valued at $196.70 million.
- 10 stocks we like better than WaterBridge Infrastructure Llc ›
On May 15, 2026, Horizon Kinetics Asset Management reported buying 504,627 shares of WaterBridge Infrastructure (NYSE:WBI), an estimated $12.02 million trade based on quarterly average pricing.
What happened
According to a SEC filing dated May 15, 2026, Horizon Kinetics Asset Management increased its holding in WaterBridge Infrastructure by 504,627 shares. The estimated value of the shares acquired was $12.02 million, based on the average closing price during the first quarter of 2026. The quarter-end valuation of the position rose by $59.88 million, reflecting both the purchase and price appreciation.
What else to know
- WaterBridge Infrastructure now represents 2.1% of Horizon Kinetics Asset Management’s reportable AUM.
- Top holdings after the filing:
- NYSE:TPL: $4.75 billion (51.8% of AUM)
- NYSEMKT:GBTC: $738.90 million (8.0% of AUM)
- NYSE:LB: $390.63 million (4.3% of AUM)
- NYSE:HE: $321.07 million (3.5% of AUM)
- NYSE:WPM: $230.78 million (2.5% of AUM)
- As of Monday, shares of WaterBridge Infrastructure were priced at $31.06, up about 55% from their September IPO price of $20.
Company overview
| Metric | Value |
|---|---|
| Price (as of market close May 15, 2026) | $31.06 |
| Market Capitalization | $1.5 billion |
| Revenue (TTM) | $525.6 million |
| Net Income (TTM) | ($4.5 million) |
Company snapshot
- WaterBridge Infrastructure provides water management solutions, including collection, transportation, recycling, and management of produced water for oil and gas operations.
- The firm operates an integrated water infrastructure network in major U.S. shale basins.
- It serves oil exploration and production companies, primarily in the Delaware Basin with additional assets in the Eagle Ford and Arkoma basins.
WaterBridge Infrastructure LLC is a specialized water management provider supporting the energy sector, with a focus on efficient handling of produced water for oil and gas producers. The company leverages its extensive infrastructure network to deliver reliable and scalable services across key U.S. shale regions.
What this transaction means for investors
Horizon Kinetics already has exposure to real asset and energy-adjacent plays (top holdings include Texas Pacific Land and LandBridge), so adding to WaterBridge fits neatly into that broader strategy.
The company’s latest results suggest demand remains strong. WaterBridge reported first-quarter revenue of $201 million and adjusted EBITDA of $102.9 million, while raising full-year guidance for both produced water volumes and adjusted EBITDA. Management now expects up to 2.725 million barrels per day of produced water handling volume and as much as $465 million in adjusted EBITDA this year.
The bigger story may be the company’s Speedway pipeline expansion and growing commercial demand from both existing and new customers. WaterBridge also generated a 51% adjusted EBITDA margin in the quarter. Ultimately, it looks like the appeal here is less about oil prices themselves and more about owning the infrastructure that producers increasingly rely on, regardless of commodity swings.
Should you buy stock in WaterBridge Infrastructure Llc right now?
Before you buy stock in WaterBridge Infrastructure Llc, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and WaterBridge Infrastructure Llc wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $469,293!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,381,332!*
Now, it’s worth noting Stock Advisor’s total average return is 993% — a market-crushing outperformance compared to 207% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of May 18, 2026.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Recommended Articles
