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The Screen · Energy · Oil & Gas Equipment & Services
WBIWaterBridge Infrastructure LLC
WBI · the NYSE · USD · Market cap $3.2B · 540 employees
WaterBridge Infrastructure LLC, water infrastructure company, provides water management solutions through integrated pipeline and water handling networks in the United States.
FAIL · Does not pass the screen
23.95 USD
Price as of 5 Nov 2026Daily close, not a live quote
Screened 2026-11-05 · the tape above runs as of 20:03 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
Key facts today
Price23.95 USD at the 5 Nov 2026 close
Our value readFair vs our fair value, as of 5 Nov 2026
Positioning no disclosures inside 60 days, left as found
Options put/call open interest 0.81, read 2026-11-03
Ethical does not pass the values gate
Price23.95 USD
Fair value23.58
Ethical score70.0/100
Value readFairas of 5 Nov 2026
Our investment reviews on this name
2026-11-01Read Markup30.78-22.2% to today Markdown gives way to Markup first Markup read since August
2026-10-02Read Markdown30.86-22.4% to today ✓Accumulation gives way to Markdown with volume flow in agreement
2026-09-16Read Accumulation31.50-24.0% to today Markup gives way to Accumulation first Accumulation read since July
2026-08-16Read Markup32.00-25.2% to today Accumulation gives way to Markup with results news in the headlines
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
WaterBridge Infrastructure LLC holds its Distribution at $23.95. Consolidating, no directional conviction, held for 51 days.
As held on the ledger · 2026-11-05
Phase
Distribution · caution
Quantitative state
Consolidating, no directional conviction, held for 51 days
Price at the screen
$23.95
Valuation
325.50 trailing · 21.66 forward price to earnings
Values screen
FAIL· score 70.0
The Workings
Five Screens, Shown in Full
Does not pass. Debt ratio
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
39.24%
Below 33%
Interest-bearing debt is 39.2% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
0.00%
Below 33%
Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.
Pass
Receivables
5.76%
Below 49%
Money owed to the company is 5.8% of assets, under the 49% limit.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Falls Short, in Plain English
WaterBridge Infrastructure LLC's business is in a permissible area, but its interest-bearing debt is about 39% of the company, just over the ~33% line, so it does not pass on the financial screens.
Read as at 2026-11-05. It updates when the underlying figures move, and past reads are kept below.
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Today WBI does not pass the screen. If new figures move it to a pass, we send you one short email with the before and after. Verdicts change rarely, so you may not hear from us for a long time.
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What the Numbers Say It Is Worth
The Fair Value Range
Our analysis reads Fair vs our fair value, as of 5 Nov 2026: it trades above our $23.58 fair value estimate, 128.00% revenue growth.
Fair value range in USD, drawn from the 2026-11-05 screen. The gold marker is the market price at the same screen. The price runs 1.6% above the base estimate.
Third-party analyst targets. The average target sits +54% from the screen price.
Reading the gap · Our more conservative model reads it as fully-to-richly valued here, while the Street is more bullish: a quality-at-a-fair-price name rather than a deep-value one.
Where our models see it going: fair-value estimate $23.58, with a range of $23.58 to $27.12, dated to the 2026-11-05 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Oilfield Water Pipes Ride a Boom Bust Cycle
Picture a contractor laying pipes across Texas shale fields one month and watching rigs idle the next. WaterBridge handles the water that comes up with oil and gas, moving produced and recycled volumes through its network. Revenue has doubled, yet the business still shows zero profit margin and trades well above any fair value we can see.
We pass because this is a classic cyclical setup dressed up as growth. Forward earnings sit at nearly 26 times, the shares price in perfection that oilfield activity rarely delivers, and the lack of profits means any downturn in drilling will hit cash flow hard. The ethical screen clears, but that does not change the numbers or the industry rhythm.
Even when multiples look reasonable on the surface, peak-cycle earnings in energy services often mark the top rather than a bargain. Here the gap between price and value is wide and the business has yet to prove it can keep money once volumes slow. Analysis, not advice.
Another profit measure, before interest, tax and non-cash costs: EBITDA.
The risks · The main risks here are ordinary market swings and the chance our fair-value read proves too optimistic.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
WBI trades on the NYSE. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-11-04Markup$28.32-8.0%Entry 16
The analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 8.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 10% above its long-term trend line with momentum reading neutral. Our forward projection puts the odds of a 10% gain over the next month near 34%. The street (8 analysts) rates it buy, with a mean price target of $32. It reported earnings in this window, a natural checkpoint for the thesis.
2026-11-03Markup$30.78+0.0%Entry 15
The analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 10% above its long-term trend line with momentum reading neutral. Our forward projection puts the odds of a 10% gain over the next month near 34%. The street (8 analysts) rates it buy, with a mean price target of $32. It reported earnings in this window, a natural checkpoint for the thesis.
2026-11-02Markup$30.78+0.0%Entry 14
The analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 10% above its long-term trend line with momentum reading neutral. Our forward projection puts the odds of a 10% gain over the next month near 34%. The street (8 analysts) rates it buy, with a mean price target of $32. It reported earnings in this window, a natural checkpoint for the thesis.
2026-11-01Markup · changed$30.78+3.5%Entry 13
The framework has shifted from markdown to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 3.5% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 10% above its long-term trend line with momentum reading neutral. Our forward projection puts the odds of a 10% gain over the next month near 34%. The street (8 analysts) rates it buy, with a mean price target of $32. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-31Markdown$29.74+0.0%Entry 12
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 10% above its long-term trend line with momentum reading neutral. Our forward projection puts the odds of a 10% gain over the next month near 34%. The street (8 analysts) rates it buy, with a mean price target of $32. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-30Markdown$29.74+0.0%Entry 11
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 10% above its long-term trend line with momentum reading neutral. Our forward projection puts the odds of a 10% gain over the next month near 34%. The street (8 analysts) rates it buy, with a mean price target of $32. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-29Markdown$29.74+2.1%Entry 10
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved up 2.1% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 10% above its long-term trend line with momentum reading neutral. Our forward projection puts the odds of a 10% gain over the next month near 34%. The street (8 analysts) rates it buy, with a mean price target of $32. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-28Markdown$29.12+0.0%Entry 9
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 10% above its long-term trend line with momentum reading neutral. Our forward projection puts the odds of a 10% gain over the next month near 34%. The street (8 analysts) rates it buy, with a mean price target of $32. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-25Markdown$29.12-2.1%Entry 8
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 2.1% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 10% above its long-term trend line with momentum reading neutral. Our forward projection puts the odds of a 10% gain over the next month near 34%. The street (8 analysts) rates it buy, with a mean price target of $32.
2026-10-18Markdown$29.74-3.6%Entry 7
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 3.6% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading neutral. Our forward projection puts the odds of a 10% gain over the next month near 34%. The street (8 analysts) rates it buy, with a mean price target of $32.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.