The largest water treatment company in the United States, WaterBridge (WBI.US), has priced its IPO at $20 per share, aiming to raise $634 million.

WaterBridge Infrastructure, which provides comprehensive water services and infrastructure support for oil and gas exploration and production companies (E&Ps), has increased the size of its initial public offering (IPO). The company, headquartered in Houston, Texas, plans to issue 31.7 million shares at a price of $20 per share, raising $634 million. The IPO price of $20 per share is at the high end of the previously announced price range of $17 to $20 per share, and the planned issuance of 31.7 million shares is higher than the previously planned 27 million shares. The company plans to list on the New York Stock Exchange under the ticker symbol "WBI". Founded in 2016, WaterBridge Infrastructure reported revenue of $722 million in the 12 months ending June 30, 2025. As the largest produced water infrastructure network operator in the United States, WaterBridge has approximately 2,500 miles of pipeline and 196 produced water treatment facilities. Its daily produced water treatment volume exceeds 2.6 million barrels, with a total processing capacity of over 4.5 million barrels. Customers include well-known companies such as Permian Resources, Devon Energy Corporation, EOG Resources, Inc., and Chevron Corporation.