VANCOUVER, Wash., Jan. 29, 2026 /PRNewswire/ -- NWPX Infrastructure (Nasdaq: NWPX), a leading manufacturer of water-related infrastructure products, today announced a series of strategic leadership promotions across the Company. The Company promotes four key individuals in Operations Continue Reading Michael Wray has been promoted to Executive Vice President with operating and commercial oversight for both the Water Transmission Systems ("WTS") and Precast Infrastructure and Engineered Systems ("Precast") s ...

Group 1 - WaterBridge Infrastructure LLC (NYSE:WBI) experienced a significant share price increase of 18.76% from January 7 to January 14, 2026, making it one of the top-performing energy stocks for that week [1] - The company is recognized as the largest pure-play integrated water infrastructure provider in the U.S., offering essential services such as supply, recycling, and disposal to oil and gas producers across key shale basins [2] - Analyst Justin Jenkins from Raymond James upgraded WaterBridge Infrastructure from 'Outperform' to 'Strong Buy' on January 5, maintaining a price target of $30, indicating a positive outlook for the midstream supplier sector as it enters 2026 [3] Group 2 - The company's stock received additional support after CEO Jason Thomas Long purchased 5,000 Class A shares valued at $99,200 on January 5, alongside other insider investments, reflecting strong leadership confidence in the company's future [4]

Key Points MMHP acquired 9,484 shares of PHO in a trade valued at $6,467,384 (estimate based on quarterly average price). Quarter-end position value increased by $6,467,384, reflecting the addition of the new stake. The transaction represented a 3.13% increase in 13F reportable AUM. MMHP's post-trade stake: 9,484 shares valued at $6.47 million. PHO is a new holding and represents 3.13% of the fund’s U.S. equity portfolio, making it the fund's fourth-largest holding. These 10 stocks could mint th ...

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]

Core Insights - NWPX Infrastructure has announced the first commercial use of its patent-pending Permalok Radial Bending Joint (RBJ) technology in a significant water pipeline project, enhancing trenchless installation capabilities [1][5] Technology Overview - The RBJ technology allows for the installation of steel casing pipe along curved paths in microtunneling applications, improving maneuverability in congested areas and adapting to site-specific conditions [2] - Benefits of the RBJ include a smaller jobsite footprint, fewer shafts required, and more precise tunneling execution over longer distances [2] Project Details - NWPX is supplying 5,764 linear feet of Permalok steel casing pipe for the South Hillsborough Pipeline project, which will enable the delivery of an additional 65 million gallons of water per day [3] - The project is managed by Tampa Bay Water and involves 18 underground crossings, with Garney as the construction manager and Huxted Trenchless as the microtunneling contractor [3] Impact on Construction - The RBJ's curved segments allow for the installation of microtunneling shafts within designated bore path alignments, eliminating the need for additional shafts that would be necessary for straight segment installations [4] - This innovation is expected to reduce overall project costs significantly [5] Company Background - NWPX Infrastructure, founded in 1966, is a leading manufacturer of water-related infrastructure products and the largest producer of engineered water transmission systems in North America [6] - The company operates 13 manufacturing facilities across North America and is committed to quality and innovation in meeting growing water and wastewater infrastructure needs [6]

Core Insights - Ave Maria Value Fund reported a return of 0.43% in Q3 2025, significantly underperforming the S&P 500 Index which returned 8.12% and the S&P MidCap 400® Index which gained 5.55% [1] Company Overview - WaterBridge Infrastructure LLC (NYSE:WBI) is highlighted as a new position in the Ave Maria Value Fund's portfolio, specializing in water infrastructure [2][3] - The company is the largest pure-play integrated water infrastructure firm in the U.S., primarily operating in the Permian Basin, a key area for oil and natural gas production [3] Stock Performance - As of January 6, 2026, WaterBridge Infrastructure LLC's stock closed at $18.99 per share, with a one-month return of -12.97% and a 52-week loss of 5.10% [2] - The market capitalization of WaterBridge Infrastructure LLC is reported at $821.6 million [2] Investment Strategy - The Ave Maria Value Fund maintained a stable portfolio with no liquidations and established only one new position in WaterBridge during Q3 2025 [3] - The fund aims to provide reliable and cost-effective water management solutions to meet the evolving needs of the exploration and production industry [3] Hedge Fund Interest - WaterBridge Infrastructure LLC was held by 44 hedge fund portfolios at the end of Q3 2025, indicating some level of interest among institutional investors [4] - Despite this interest, the analysis suggests that certain AI stocks may offer greater upside potential and lower downside risk compared to WaterBridge [4]

Group 1 - WaterBridge Infrastructure (WBI) has seen a rise in stock price and is approaching its first buy point after its September initial public offering [1] - The company is recognized as Investor's Business Daily's IPO Stock Of The Week and is included in IBD's IPO Leaders screen [1] - WaterBridge operates primarily in the Delaware Basin and focuses on integrated water infrastructure [1]

Core Insights - WaterBridge Infrastructure LLC reported strong financial and operational growth in its first public quarter, with pro forma revenue increasing by 8% quarter-over-quarter and key infrastructure projects progressing on schedule [1][10][13]. Financial Highlights - Total pro forma revenue for Q3 2025 was $205.5 million, an 8% increase compared to Q2 2025, driven by volume growth and higher prices for produced water [10][13]. - Pro forma net loss for Q3 2025 was $18.7 million, with pro forma Adjusted EBITDA at $105.7 million [10][11][13]. - Pro forma gross margin was $55.4 million, with a gross margin per barrel of $0.22 [7][10]. - Total liquidity as of September 30, 2025, was $547 million, with cash and cash equivalents at $347 million [12][14]. Operational Highlights - Combined produced water handling volumes reached 2.5 million barrels per day, a 7% increase from Q2 2025, supported by the development of East Stateline infrastructure and the bpx Kraken pipeline project [6][10][13]. - The bpx Kraken pipeline project, which began service on July 1, 2025, has an initial capacity of approximately 400,000 barrels per day, expandable to 600,000 barrels per day [8][10]. - Construction of the Speedway Pipeline project commenced in October 2025, with an expected capital expenditure of approximately $290 million [9][10]. Strategic Developments - The company successfully completed its IPO on September 18, 2025, raising significant capital and establishing a market capitalization of $3.0 billion as of November 7, 2025 [13][21]. - Following the IPO, WaterBridge closed a $1.425 billion senior notes offering to enhance liquidity and reduce annual interest expenses [16][17][13]. - Credit ratings of BB- / BB- / Ba3 were assigned by S&P Global, Fitch, and Moody's, reflecting positive leverage and growth developments [15][13].

Financial Performance Highlights - FY2025 net sales reached $1,430 million, with a 5-year CAGR of 8.2%[12] - Adjusted EBITDA for FY2025 was $326.2 million, representing 22.8% of net sales and a 5-year CAGR of 11.3%[12] - Free cash flow for FY2025 amounted to $172 million[12] - Net debt stood at $20.1 million as of September 30, 2025, with a net debt to adjusted EBITDA ratio of 0.1x[12] - Q4 Fiscal 2025 net sales were $380.8 million, a 9.4% increase year-over-year[71] - Q4 Fiscal 2025 adjusted EBITDA was $91.8 million, a 26.6% increase year-over-year[71] - Q4 Fiscal 2025 adjusted net income per diluted share was $0.38, a 72.7% increase year-over-year[71] Strategic Priorities and Investments - The company aims to identify a total of 18 billion gallons of water loss by 2029 through EchoShore® leak detection[20] - Capital expenditures are expected to increase to 4% to 5% of net sales over the next 3 years[77] - The company has allocated $95 million to share repurchases since FY2019, including $15 million in FY2025, with $65 million remaining authorization on the share repurchase program as of September 30, 2025[93] FY2026 Outlook - Consolidated net sales are projected to be between $1,450 million and $1,470 million, representing a year-over-year growth of 1.4% to 2.8%[87] - Adjusted EBITDA is expected to range from $345 million to $350 million, indicating a year-over-year growth of 5.8% to 7.3%[87]

Financial Data and Key Metrics Changes - Revenue increased by 9% to $850 million, reflecting strong performance despite market challenges [5][13] - Adjusted EBITDA grew by 17%, resulting in a margin of 33.8%, demonstrating the resilience of the business model [11][13] - Free cash flow for the year-to-date reached $399 million, up from $238 million in the prior year, driven by increased profitability and better working capital performance [15][16] Business Line Data and Key Metrics Changes - Allied product sales rose by 13%, with significant growth in StormTech chambers, Nyloplast catch basins, and water quality products [5][6] - Infiltrator revenue surged by 25%, with 7% organic growth attributed to new tanks and advanced treatment products [6][7] - Pipe revenue saw a modest increase of 1%, with growth in HP pipe products offset by weakness in the agriculture market [7] Market Data and Key Metrics Changes - Non-residential sales grew by 15%, driven by broad-based geographic growth across the U.S., with organic growth of 12% [7][8] - The residential market showed mixed results, with strong growth in multi-family development but challenges in single-family housing starts due to interest rates [8][10] - Land development activity was stronger in the Atlantic Coast and south-central U.S., while the DIY channel faced challenges [8] Company Strategy and Development Direction - The company remains committed to investing in both organic and inorganic growth, including the recent agreement to acquire NDS, a supplier of stormwater and irrigation products [9][10] - The strategy focuses on diversifying and increasing the mix of profitable Allied and Infiltrator products to enhance resiliency and support growth [10][11] - The company aims to leverage its scale, product portfolio, and operational excellence to drive long-term growth in water management solutions [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding market demand in the second half of the year, reflecting potential risks from seasonality and economic factors [18][19] - The long-term outlook remains strong, supported by secular tailwinds driving demand for water management solutions [12][19] - Management highlighted the importance of safety and operational excellence, achieving the safest first half of the year on record [11][12] Other Important Information - The company ended the quarter with a net leverage of 0.7 turns and over $1.4 billion in available liquidity, including $813 million in cash [16][17] - The acquisition of NDS is expected to be accretive to adjusted earnings per share in the first year, with anticipated annual cost synergies of $25 million by year three [17] Q&A Session Summary Question: Outlook for end markets in the second half of the year - Management indicated a conservative outlook for the second half, implying slight degradation year-over-year due to uncertain demand [24][26] Question: Inventory levels in the channel - Management noted that inventory levels are appropriately sized for the current demand environment, with no unusual issues observed [26][27] Question: Margin expectations for the second half - Management expects stable price-cost dynamics, with margins driven by demand and top-line performance [30][31] Question: Residential business growth drivers - Growth in the residential segment was attributed to new products and strong participation in multi-family developments [38][41] Question: Integration progress of Orenco acquisition - Integration is progressing well, with earnings growing faster than sales and positive customer feedback [87][90] Question: Potential revenue synergies from NDS acquisition - Management highlighted complementary product lines and opportunities for cross-selling between ADS and NDS products [99][100] Question: Long-term margin profile expectations - Management sees opportunities for margin expansion through product mix, innovation, and capital allocation strategies [106]