Group 1 - WaterBridge Infrastructure (NYSE:WBI) has been upgraded to Strong Buy from Outperform by Raymond James analyst Justin Jenkins, maintaining a price target of $30 as the firm adjusts ratings in the midstream supplier group ahead of 2026 [1][3] - The company's revenue for Q3 2025 reached $205.5 million, reflecting an 8% sequential increase, driven by a 7% rise in produced water handling volumes averaging 2.5 million barrels per day [2] - WaterBridge reported a net loss of $18.7 million for the quarter, with growth largely supported by the commencement of the BPX Kraken project, which includes a 10-year minimum volume commitment from BPX Energy and an initial handling capacity of 400,000 bpd, scalable to 600,000 bpd [2][3] Group 2 - WaterBridge announced its final investment decision for the first phase of the Speedway Pipeline project, which will connect the northern Delaware Basin to out-of-basin pore space, expected to be operational by mid-2026 [3] - WaterBridge Infrastructure specializes in providing water management solutions through integrated pipeline and water handling networks in the US [4]
Raymond James Upgrades WaterBridge Infrastructure (WBI) to Strong Buy Following Midstream Sector Rating Adjustments