This is a shelf registration with no concurrent offering — no immediate capital event. Monitor for future prospectus supplements that would disclose actual offering terms, size, and pricing. The company's ability to access the shelf quickly (as a well-known seasoned issuer) provides flexibility but also creates potential future dilution risk if equity is issued.
Price Chart
Executive Summary
WaterBridge Infrastructure LLC filed an automatic shelf registration statement (S-3ASR) on Form S-3 on October 1, 2026, registering an indeterminate amount of Class A shares, preferred shares, depositary shares, and warrants for future sale. No specific offering is being made at this time — the filing is a universal shelf that provides financial flexibility for potential future capital raises, with proceeds intended for general corporate purposes including debt repayment, acquisitions, and capital expenditures. The registration fee is deferred under Rule 456(b)/457(r), meaning no immediate dilution or capital event is occurring.
Key Facts
- Filed S-3ASR on October 1, 2026, registering Class A shares, preferred shares, depositary shares, and warrants at indeterminate amounts and prices
- Registration fee deferred under Rule 456(b) and 457(r) — no fee paid at filing
- As of September 30, 2026: 55,834,095 Class A shares and 67,832,611 Class B shares outstanding; no preferred shares outstanding
- Last reported Class A share price on NYSE on September 30, 2026 was $81.17
- Proceeds from any future offering would be used for general corporate purposes including debt repayment, acquisitions, and capital expenditures
- Company is a 'controlled company' under NYSE rules; Five Point Members and Devon Holdco collectively own >50% of common shares
Financial Impact
No offering size specified; registration covers indeterminate amount of securities at indeterminate prices
Risk Factors
- Future equity offerings from this shelf could dilute existing shareholders
- No specific use of proceeds disclosed — general corporate purposes leaves wide discretion
- Company is highly leveraged with existing debt (indentures for 2030 and 2033 notes filed as exhibits)
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| S-3ASR Filing (Primary) | 0001193125-26-409734 |
| Document: wbi-ex5_1.htm | 0001193125-26-409734 |
| Document: wbi-exfiling_fees.htm | 0001193125-26-409734 |
| Document: wbi-ex23_2.htm | 0001193125-26-409734 |
| Document: wbi-ex23_1.htm | 0001193125-26-409734 |
| Document: 0001193125-26-409734-index-headers.html | 0001193125-26-409734 |
| Document: 0001193125-26-409734-index.html | 0001193125-26-409734 |
| Document: 0001193125-26-409734.txt | 0001193125-26-409734 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 7, 2026 20d ago | SC 13G/A | $29.78 $28.78 | ▼ −3.36% | ▼ −3.08% | $29.72 (−0.20%) |
Oct 1, 2026 26d ago | S-3ASR | $28.13 $29.78 | ▼ −5.87% | ▼ −4.56% | $29.72 (−5.65%) |
Oct 1, 2026 26d ago | S-3ASR | $28.13 $29.78 | ▲ +5.87% | ▲ +4.56% | $29.72 (+5.65%) |
Sep 21, 2026 5w ago | 8-K | $29.56 $28.46 | ▼ −3.72% | ▼ −2.53% | $29.72 (+0.54%) |
Aug 18, 2026 10w ago | 8-K | $31.74 $31.61 | ▼ −0.41% | ▼ −0.02% | $29.72 (−6.36%) |
Jun 11, 2026 19w ago | Institutional Cluster | $30.50 $30.71 | ▲ +0.69% | ▲ +0.25% | $29.72 (−2.56%) |
May 6, 2026 24w ago | 8-K | $28.05 $28.96 | ▲ +3.24% | ▲ +1.74% | $29.72 (+5.95%) |
Apr 15, 2026 27w ago | 3 | $26.50 $27.83 | ▲ +5.02% | ▲ +3.38% | $29.72 (+12.15%) |
Apr 13, 2026 28w ago | EFFECT | $25.70 $26.12 | ▲ +1.63% | ▼ −1.66% | $29.72 (+15.64%) |
US Market Status
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