v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 47,624 $ 51,543
Other receivables 1,110 2,634
Prepaid expenses and other current assets 8,006 14,834
Total current assets 268,456 261,125
Non-current assets:    
Property, plant and equipment, net 2,477,362 2,285,536
Goodwill 51,993 53,127
Intangible assets, net 923,228 935,708
Deferred tax assets 185,758 131,805
Other assets 31,416 32,719
Total non-current assets 3,669,757 3,438,895
Total assets 3,938,213 3,700,020
Current liabilities:    
Current portion of long-term debt 6,606 12,546
Other current liabilities 4,294 1,685
Total current liabilities 174,309 188,940
Non-current liabilities:    
Long-term debt, net of debt issuance costs 1,609,931 1,431,837
Tax receivable agreement liability 294,552 201,375
Other long-term liabilities 31,132 30,259
Total non-current liabilities 1,935,615 1,663,471
Total liabilities 2,109,924 1,852,411
Commitments and contingencies
Accumulated deficit (551) (4,537)
Total shareholders' equity attributable to WaterBridge Infrastructure LLC 759,923 602,306
Noncontrolling interest 1,068,366 1,245,303
Total shareholders' equity 1,828,289 1,847,609
Total liabilities and equity 3,938,213 3,700,020
Class A Shares    
Non-current liabilities:    
Common Stock 760,474 606,843
Class B Shares    
Non-current liabilities:    
Common Stock 0 0
Related Party    
Current assets:    
Accounts receivable, net 39,744 30,469
Current liabilities:    
Accounts payable 5,614 5,851
Accrued liabilities 5,878 516
Nonrelated Party    
Current assets:    
Accounts receivable, net 171,972 161,645
Current liabilities:    
Accounts payable 51,229 38,732
Accrued liabilities $ 100,688 $ 129,610