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Valued as a growth company: P/E comparison and EV/EBITDA comparison.
ACCE opinionWaterBridge Infrastructure LLC Class A Shares Representing Limited Liability Company Interests (WBI)
Fair value (2 models)
Not available
ACCE price target
$31.00
Rating
Not rated
Horizon
12 months
ACCE price target published on 11 Oct 2026, 00:00 CEST.
Price used: $29.74 at the close on 23 Oct 2026, 22:00 CEST.
Models: EV/EBITDA comparison and P/E comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
62
out of 100
Analysts
88% buy
8 covering
P/E
371.8x
forward 24.7x
1-year return
+23.0%
Dividend yield
0.71%
WaterBridge Infrastructure LLC Class A Shares Representing Limited Liability Company Interests in four questions
Plain answers, details below
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Overview
ACCE thesis
WaterBridge Infrastructure runs produced-water handling for Permian Basin oil and gas operators, moving and recycling the saltwater that comes up alongside crude through pipelines, storage and disposal wells. That business sits in a structural bind for producers: every barrel brings water, and regulators and operators both want it moved and disposed of cheaply and away from the wellhead. The 128% revenue growth reflects the company's expansion of that infrastructure footprint, though with a 359.8 trailing P/E and a -1.3% ROE, earnings have not caught up with the top line. The 57% gross margin and 18.5% operating margin suggest the asset base is earning its keep at the operating level, so the open question is whether that margin survives the cost of new capacity and how much of the growth is contracted versus speculative. This is a name that deserves a closer look at contract terms, acreage dedication and capex plans before anyone forms a view on the valuation.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
high
Free cash flow deeply negative
FCF of $-118,874,000 despite net margin of only +1.4% and operating margin of +18.5%. Growth is being funded by spending that exceeds operating cash generation.
moderate
Earnings quality thin
P/E of 356.1 against net margin of +1.4% and ROE of -1.3%. Reported profit is small relative to the valuation and does not yet show returns on equity.
moderate
Short interest elevated
Short interest is 11.5%, meaning a meaningful share of the float is betting against the stock. Expect sharper moves if the growth story wobbles.
AI research notes
AI-assisted·How I use AIWritten Oct 20, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Revenue grew 128.0% year over year, and the five-year average growth rate is 61.7% per year.
Seven of eight analysts rate the shares Buy or Strong Buy, and their mean price target sits 29.5% above the current price.
Latest quarterly earnings per share beat expectations by 66.7%, coming in at $0.10 against $0.06 expected.
Why it could disappoint
Free cash flow over the last twelve months was negative $119M, so the business is not yet generating cash.
The shares trade at 356.1 times trailing earnings, against a sector median forward P/E of 16.2x.
The diluted share count rose 12.3% last fiscal year, diluting existing holders while return on equity stays negative at -1.3%.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 4, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
INVESTOR
Where WBI's valuation models land
Price
$29.74
Model fair valueConfidence: medium
$9.54
Model
Fair value
Upside
EV/EBITDA comparison
P/E comparison
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Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
+A plain reason under every score
+Conviction breakdown and growth / value / quality / momentum scores
Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.
+Quarter-over-quarter institutional position changes
+Every insider and Congress trade, with how late it was disclosed
+Active 13D activist filings and top holders
Compare
Where it sits vs peers
News and Record
Press releases mentioning this company
Recent performance
1 week
+4.4%
1 month
+3.0%
3 months
-14.7%
6 months
+4.5%
YTD
+48.6%
1 year
+23.0%
SEC filings
Recommendation history, last 12 months
Date
Type
New
Previous
Price
11 Oct 2026, 00:00 CEST
ACCE price target
$31.00
first publication
$29.98
7 Oct 2026, 00:00 CEST
Fair value
$4.55
$4.50
$29.23
28 Sept 2026, 00:00 CEST
Fair value
$4.50
$4.55
$29.80
25 Sept 2026, 00:00 CEST
Fair value
$4.55
$4.72
$28.86
20 Sept 2026, 00:00 CEST
Fair value
$4.72
$5.21
$30.86
17 Sept 2026, 00:00 CEST
Fair value
$5.21
$4.78
$31.50
6 Sept 2026, 00:00 CEST
Fair value
$4.78
$4.73
$32.21
1 Sept 2026, 00:00 CEST
Fair value
$4.73
$4.09
$31.44
29 Aug 2026, 00:00 CEST
Fair value
$4.09
$4.23
$32.69
26 Aug 2026, 00:00 CEST
Fair value
$4.23
$4.32
$31.76
Price
+21.2% · 1Y
Ask anything about WBI
Answered from WaterBridge Infrastructure LLC Class A Shares Representing Limited Liability Company Interests fundamentals + recent valuations. Every number shows its source and date.
This stock Peer Peer median weaker → stronger
P/Ebetter than 0% of peers
low 7.9x371.8xhigh 371.8x
ROEbetter than 0% of peers
low -1%-1%high 35%
Div yieldbetter than 33% of peers
low 0.0%0.7%high 5.3%
Peers
Prices Oct 23, 2026
Company
Price
Fair value
vs fair value
P/E
ROE
Quality
Score
WBIWaterBridge Infrastructure LLC Class A Shares Representing Limited Liability Company Interests