The Motley FoolT3·5mo ago
WBI WaterBridge Infrastructure LLC
XNYS
28.33
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
WBI
$28.33
—
Key stats
$28.33
After hours
$28.33
+0.00%
- 52-Week Range
- $18.64 – $36.89
- YTD
- +43.66%
- IV Rank (30D)
- 53.44
- Straddle Price
- $3.43
- P/C Vol Ratio
- 0.07
- Market Cap
- $1.7B
- Open
- $29.33
- Day Range
- $27.88 – $29.70
- Volume
- 701,662
- Prev Close
- $29.98
Fair Value
MODEL: LONG
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.15% |
| Beta vs SPY | 0.32 |
| Cost of Equity (CAPM) | 6.73% (VRP-adj) |
| WACC | 6.40% |
| Volatility Risk Premium | +44.7pp (IV − HV30) |
| Effective Tax Rate | 12.2% |
| Rev. Growth (YoY, DCF input) | +30.0% |
| DCF Horizon | 5 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.10 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $-0.1B |
| Return on Equity (TTM) | 0.5% |
| Book / Price | 94.3% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 43.8% |
| FCF Margin (TTM) | -19.1% |
| Debt / Equity | 0.88 |
| Quality Score | 1/6 — cyclical/struggling (5y DCF) |
| SMA 50 | $30.72 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $29.32 |
| Bollinger Width / SMA20 | 37.1% (drives anchor stability) |
| Net Debt | $1.6B |
| Market Cap | $2B |
Peers used for multiples: COP, EOG, FANG, OXY, SLB, VNOM, XOM
(filtered from 8 ETF-co-members; sector bias active)
60-Day Conviction
84%
20-Day Fair Value
≈ by Nov 20, 2026
$28.51
α +0.7%
rank 77%
conviction
43%
40-Day Fair Value
≈ by Dec 21, 2026
$29.15
α +2.9%
rank 73%
conviction
83%
60-Day Fair Value
≈ by Jan 19, 2027
$29.21
α +3.1%
rank 70%
conviction
84%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | $9.13 | 0% | |
| Peer P/E | $2.04 | 18% | median 23.2× · 7 peers |
| Peer EV/EBITDA | $9.69 | 23% | median 6.1× · 7 peers |
| Peer P/B | $65.29 | 30% | median 2.3× · 7 peers |
| Peer P/S | $37.03 | 30% | median 2.9× · 7 peers |
| Market Anchor (SMA50) | $30.72 | 0% | stability 0% (BB-width) |
| Options Expected (B-L 30d) | $29.19 | 0% | 7 strikes · skew -0.22 |
As of 2026-10-22 · updated
Related
About
- Industry (SIC)
- OIL & GAS FIELD SERVICES, NEC (1389) · industry map
- Exchange
- XNYS
- Market Cap
- $1.7B
- Employees
- 540
- List Date
- 2025-09-17
- CIK
- 0002064947
- Next Earnings
- 2026-11-04 (After-Close)
- EPS Forecast
- $0.09 (4 est.)
- Headquarters
- Houston, TX
- Homepage
- https://www.h2obridge.com
WaterBridge Infrastructure LLC is an integrated, pure-play water infrastructure company with operations predominantly in the Delaware Basin, the prolific oil and natural gas basin in North America. It operates in the produced water infrastructure network in the United States through which it provides water management solutions to oil and natural gas E&P companies under long-term contracts, which include gathering, transporting, recycling, and handling produced water. It also operates two energy waste management facilities for the disposal of non-hazardous waste resulting from oil and gas E&P a…
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '25 | '26 | Avg |
|---|---|---|---|
| Jan | -- | 11.26% | 11.26% |
| Feb | -- | 21.81% | 21.81% |
| Mar | -- | -0.70% | -0.70% |
| Apr | -- | 20.90% | 20.90% |
| May | -- | -1.61% | -1.61% |
| Jun | -- | 18.34% | 18.34% |
| Jul | -- | 7.85% | 7.85% |
| Aug | -- | -6.00% | -6.00% |
| Sep | 10.47% | -13.82% | -1.67% |
| Oct | -5.92% | 0.71%* | -2.60% |
| Nov | -7.39% | -- | -7.39% |
| Dec | -13.90% | -- | -13.90% |
| Total | -17.13% | 66.69% | 24.78% |
* Only 2 year(s) of data available.
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $29.24
SMA 50: $30.65
SMA 200: $28.71
Current: $28.38
EMA 12: $29.23
EMA 26: $29.70
MACD: -0.4610 | Signal: 0.0236
BEARISH
ADX (14): 16.42
RANGE
+DI: 19.38
−DI: 25.45
Momentum Oscillators
RSI (14): 41.97
NEUTRAL
Stoch %K: 44.11
Stoch %D: 40.68
Williams %R: -80.26
Volume & Volatility
BB Upper: $30.86
BB Lower: $27.62
NEUTRAL
OBV: 42,944,833
Vol SMA 20: 529,141
Vol ROC: 21.44%
ATR: $1.27
True Range: $2.11
HV 20: 39.6%
HV 30: 36.5%
HV 60: 32.7%
Data Summary
Data Points: 276
Last Updated:
Date Range: 2025-09-17T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
Overall Assessment: NEUTRAL with confidence level (6/10)
Key Drivers:
- Technical trend is consolidating, with a range-bound market
- Low volatility indicates reduced risk
Primary Risks:
- Overbought conditions in the RSI may lead to potential pullback
- Resistance levels around $36.00 could cap further gains
Investment Thesis: WBI's stock price is likely to consolidate within its current range ($30.36-$36.00) before making a significant move.
Recent News Sentiment Impact: The positive news headline about WaterBridge Stock's strong performance has contributed to the neutral sentiment, as it did not significantly impact the technical trend.
Technical Analysis
Trend Direction:
- Short-term: Consolidating
- Medium-term: Range-bound
- Long-term: Uptrend (since 2020)
Support/Resistance Levels:
- Lower support: $30.36
- Middle resistance: $33.18
- Upper resistance: $36.00
Momentum Signals: RSI interpretation: Neutral (43.87), not overbought or oversold. MACD signal: Bearish (Histogram -0.11). Bollinger Bands position: Squeeze, indicating reduced volatility.
Volume Analysis:
- Volume trend: Consolidating
- Institutional interest signals: Mixed volume flows, with a slight bias towards calls
News & Sentiment Analysis
Recent Headlines Summary: The positive news headline about WaterBridge Stock's strong performance has contributed to the neutral sentiment.
Sentiment Assessment: Neutral (positive and negative sentiments are balanced)
Catalyst Identification: No upcoming events or earnings releases scheduled
Market Narrative: The market narrative is aligned with the technical trend, indicating a consolidating market
Risk & Volatility Assessment
Beta Interpretation: Low-risk stock with beta 0.40 (vs SPY)
Volatility Regime: Low volatility, indicating reduced risk
Options Market Signals:
- IV rank: 20.8% (Low - shows if volatility is historically high/low)
- Current IV: 75.4%
- Expected Move: $3.45 (32 DTE), 7-DTE: $1.50
- Volume Flow: 230 calls vs 44 puts
- Open Interest: 1,224 calls vs 1,158 puts
- Put/Call Ratio: 0.19 (Bullish sentiment)
Downside Protection: Support levels and risk management considerations are crucial in this consolidating market
Market Context & Positioning
Sector Performance: WBI's sector (Technology) has been outperforming the broader market
Institutional Activity: Volume patterns suggest institutional interest, but mixed signals prevent a clear direction
Correlation Analysis: R-squared interpretation: WBI is not strongly correlated with the broader market
Relative Valuation: Position within trading range, indicating a neutral sentiment
Key Levels & Action Items
Critical Price Levels:
- Lower support: $30.36
- Middle resistance: $33.18
- Upper resistance: $36.00
Breakout/Breakdown Levels:
- Breakout above $36.00 could trigger further gains
- Breakdown below $30.36 could lead to a pullback
Time-Sensitive Catalysts: No upcoming events or earnings releases scheduled
Risk Management: Stop-loss levels and position sizing considerations are crucial in this consolidating market
By considering the technical indicators, recent news headlines, and risk metrics, WBI's stock price is likely to consolidate within its current range before making a significant move. The low volatility and positive sentiment from institutional activity support this neutral assessment.
Generated
News
All WBI news →
Earnings History
4 of 4 under expected move
Avg Expected Move
8.87%
Avg Actual Move
3.83%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2025-11-12 | After-Close | 7.46% | 3.14% | 0.42x | Within |
| 2026-03-16 | Pre-Market | 8.28% | 5.56% | 0.67x | Within |
| 2026-05-06 | After-Close | 9.91% | 4.17% | 0.42x | Within |
| 2026-08-05 | After-Close | 9.84% | 2.47% | 0.25x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
WBI Options Activity & IV Rank
WBI IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 53.4%
7-DTE IV: —
Expected Move: $3.43
7-DTE Move: $3.43
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 72
Put Volume: 5
P/C Volume: 0.069
BULLISH
Call OI: 1,163
Put OI: 103
P/C OI: 0.089
Total OI: 1,266
ATM Options Pricing
ATM Call: $0.85
ATM Put: $2.58
Call %: 3.0%
Put %: 9.1%
Chain Summary
Chain Volume: 206
Chain OI: 2,101
Last Updated: 10/22/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 49th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
49%
vs own history
GEX tilt
-0.21
OI-weighted, today
Vanna tilt
-0.28
δ-sensitivity to IV
Charm tilt
+0.22
δ-decay vs time
? What is this?
· 8 ATM contracts, 0k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
No data
30 DTE / 10d
—
—
pts
EXTREME
ATM 48.2% / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)53.4MediumOct 22
Straddle Price (30 DTE)$3.43Oct 22
Beta Analysis
Risk Metrics
Beta: 0.3508
Alpha: 23.21%
Correlation: 0.1001
R-Squared: 1.0%
Stock Volatility: 44.7%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
WBI Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 64,685,648 (as of 2026-06-30)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
6 filers$8.68M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Caption Management, LLC | $5.55M | 63.96% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $1.31M | 15.12% | 2026-06-30 |
| 3 | Susquehanna International Group, LLP Custodian | $877.31K | 10.11% | 2026-06-30 |
| 4 | IMC-Chicago, LLC Custodian | $479.78K | 5.53% | 2026-06-30 |
| 5 | Citadel Advisors LLC Custodian | $387.25K | 4.46% | 2026-06-30 |
| 6 | Simplex Trading, LLC Custodian | $71.97K | 0.83% | 2026-06-30 |
5 filers$5.50M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $2.14M | 38.92% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $1.27M | 23.10% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $873.88K | 15.88% | 2026-06-30 |
| 4 | IMC-Chicago, LLC Custodian | $747.09K | 13.57% | 2026-06-30 |
| 5 | Simplex Trading, LLC Custodian | $469.50K | 8.53% | 2026-06-30 |
WBI Insider Trading (Form 4)
Latest: 2026-09-22Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-09-22 | Jason Frederick Williams | Executive VP, CAO | Tax (F) | −9,182 | $30.86 | -$283.4K | EDGAR |
| 2026-09-22 | Valerie Chase | Director | Award (A) | +4,536 | — | EDGAR | |
| 2026-09-22 | Gregory S Daily | Director | Award (A) | +4,536 | — | EDGAR | |
| 2026-09-22 | Janet Carrig | Director | Award (A) | +4,536 | — | EDGAR | |
| 2026-09-22 | Jason Thomas Long | Chief Executive Officer | Tax (F) | −18,036 | $30.86 | -$556.6K | EDGAR |
| 2026-09-22 | Scott Lloyd McNeely | Executive VP, CFO | Tax (F) | −9,838 | $30.86 | -$303.6K | EDGAR |
| 2026-09-22 | Harrison Fenner Bolling | Executive VP and GC | Tax (F) | −9,182 | $30.86 | -$283.4K | EDGAR |
| 2026-09-22 | Michael Howard Reitz JR | See Remarks | Tax (F) | −12,461 | $30.86 | -$384.5K | EDGAR |
| 2026-09-22 | James R Crane | Director | Award (A) | +4,536 | — | EDGAR | |
| 2026-08-06 | Harrison Fenner Bolling | Executive VP and GC | Award (A) | +29,886 | — | EDGAR | |
| 2026-08-06 | Scott Lloyd McNeely | Executive VP, CFO | Award (A) | +32,875 | — | EDGAR | |
| 2026-08-06 | Jason Frederick Williams | Executive VP, CAO | Award (A) | +29,886 | — | EDGAR | |
| 2026-08-06 | Jason Thomas Long | Chief Executive Officer | Award (A) | +44,829 | — | EDGAR | |
| 2026-08-06 | Michael Howard Reitz JR | See Remarks | Award (A) | +39,599 | — | EDGAR | |
| 2026-08-06 | Jason Thomas Long | Chief Executive Officer | Award (A) | +44,829 | — | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
WBI Insider Holdings
15 insiders · @ $28.38
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Five Point Energy GP I LP | 10%+ Owner | 56,226,677 | $1.60B | $0 | 1 | 2026-05-08 |
| 2 | WaterBridge Resources LLC | 10%+ Owner | 56,226,677 | $1.60B | $0 | 1 | 2026-05-08 |
| 3 | WPX Energy Permian, LLC | 10%+ Owner | 16,002,051 | $454.06M | -$210.97M | 1 | 2026-06-24 |
| 4 | WBR Holdings LLC | 10%+ Owner | 7,875,747 | $223.47M | -$1.59B | 1 | 2026-06-22 |
| 5 | David N Capobianco | Director | 1,980,921 | $56.21M | -$177.14M | 2 | 2026-06-22 |
| 6 | WaterBridge NDB LLC | 10%+ Owner | 1,980,921 | $56.21M | -$354.28M | 1 | 2026-06-22 |
| 7 | James R Crane | Director | 311,036 | $8.83M | $6.00M | 3 | 2026-09-22 |
| 8 | Jason Thomas Long | Chief Executive Officer | 169,293 | $4.80M | $99.2K | 5 | 2026-09-22 |
| 9 | Michael Howard Reitz JR | See Remarks | 127,003 | $3.60M | $99.7K | 5 | 2026-09-22 |
| 10 | Scott Lloyd McNeely | Executive VP, CFO | 99,315 | $2.82M | $25.0K | 5 | 2026-09-22 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
WBI Board & Officers
As of SEC filings through Sep 22, 2026Directors 13
- Benjamin Carrington Moore · since Sep 17, 2025
- David N Capobianco · since Sep 17, 2025
- Frank Ed Bayouth II · since Sep 17, 2025
- Gregory S Daily · since Sep 17, 2025
- James R Crane · since Sep 17, 2025
- Jason Thomas Long · since Sep 17, 2025
- Jeffrey Eaton · since Sep 17, 2025
- Jeffrey L Ritenour · since Sep 17, 2025
- Kara Goodloe Harling · since Sep 17, 2025
- Matthew Kevin Morrow · since Sep 17, 2025
- Michael Stewart Sulton · since Sep 17, 2025
- Janet Carrig · since Dec 12, 2025
- Valerie Chase · since Apr 13, 2026
Officers 5
- Jason Thomas Long · Chief Executive Officer · since Sep 17, 2025
- Michael Howard Reitz JR · President, Chief Operating Officer · since Sep 17, 2025
- Scott Lloyd McNeely · Executive VP, CFO · since Sep 17, 2025
- Harrison Fenner Bolling · Executive VP, General Counsel · since Sep 17, 2025
- Jason Frederick Williams · Executive VP, CAO · since Sep 17, 2025
10% owners 16
- David N Capobianco · since Sep 17, 2025
- Desert Environmental Holdings LLC (entity) · since Sep 17, 2025
- Devon Energy Corp/de (entity) · since Sep 17, 2025
- Devon WB Holdco L.L.C. (entity) · since Sep 17, 2025
- Five Point Energy GP I LLC (entity) · since Sep 17, 2025
- Five Point Energy GP I LP (entity) · since Sep 17, 2025
- Five Point Energy GP II LLC (entity) · since Sep 17, 2025
- Five Point Energy GP II LP (entity) · since Sep 17, 2025
- Five Point Energy GP III LLC (entity) · since Sep 17, 2025
- Five Point Energy GP III LP (entity) · since Sep 17, 2025
- NDB Holdings LLC (entity) · since Sep 17, 2025
- WBR Holdings LLC (entity) · since Sep 17, 2025
- WPX Energy Permian, LLC (entity) · since Sep 17, 2025
- WaterBridge NDB LLC (entity) · since Sep 17, 2025
- WaterBridge Resources LLC (entity) · since Sep 17, 2025
- Wpx Energy, Inc. (entity) · since Sep 17, 2025
Changes in the last 10 years (34)
| Apr 13, 2026 | Valerie Chase became a director |
| Dec 12, 2025 | Janet Carrig became a director |
| Sep 17, 2025 | Wpx Energy, Inc. became a 10% owner |
| Sep 17, 2025 | WaterBridge Resources LLC became a 10% owner |
| Sep 17, 2025 | WaterBridge NDB LLC became a 10% owner |
| Sep 17, 2025 | WPX Energy Permian, LLC became a 10% owner |
| Sep 17, 2025 | WBR Holdings LLC became a 10% owner |
| Sep 17, 2025 | Scott Lloyd McNeely became Executive VP, CFO |
| Sep 17, 2025 | NDB Holdings LLC became a 10% owner |
| Sep 17, 2025 | Michael Stewart Sulton became a director |
| Sep 17, 2025 | Michael Howard Reitz JR became President, Chief Operating Officer |
| Sep 17, 2025 | Matthew Kevin Morrow became a director |
| Sep 17, 2025 | Kara Goodloe Harling became a director |
| Sep 17, 2025 | Jeffrey L Ritenour became a director |
| Sep 17, 2025 | Jeffrey Eaton became a director |
| Sep 17, 2025 | Jason Thomas Long became a director |
| Sep 17, 2025 | Jason Thomas Long became Chief Executive Officer |
| Sep 17, 2025 | Jason Frederick Williams became Executive VP, CAO |
| Sep 17, 2025 | James R Crane became a director |
| Sep 17, 2025 | Harrison Fenner Bolling became Executive VP, General Counsel |
| Sep 17, 2025 | Gregory S Daily became a director |
| Sep 17, 2025 | Frank Ed Bayouth II became a director |
| Sep 17, 2025 | Five Point Energy GP III LP became a 10% owner |
| Sep 17, 2025 | Five Point Energy GP III LLC became a 10% owner |
| Sep 17, 2025 | Five Point Energy GP II LP became a 10% owner |
| Sep 17, 2025 | Five Point Energy GP II LLC became a 10% owner |
| Sep 17, 2025 | Five Point Energy GP I LP became a 10% owner |
| Sep 17, 2025 | Five Point Energy GP I LLC became a 10% owner |
| Sep 17, 2025 | Devon WB Holdco L.L.C. became a 10% owner |
| Sep 17, 2025 | Devon Energy Corp/de became a 10% owner |
| Sep 17, 2025 | Desert Environmental Holdings LLC became a 10% owner |
| Sep 17, 2025 | David N Capobianco became a director |
| Sep 17, 2025 | David N Capobianco became a 10% owner |
| Sep 17, 2025 | Benjamin Carrington Moore became a director |
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
WBI Proposed Insider Sales (Form 144)
Latest: 2026-06-22
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
0 filings
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-06-22 | Devon WB Holdco L.L.C. | 10% Stockholder | 1,755,174 | $58.25M | 2026-06-22 | J.P. Morgan Securities LLC | — | EDGAR |
| 2026-06-22 | NDB Holdings LLC | 10% Stockholder | 3,920,948 | $130.14M | 2026-06-22 | J.P. Morgan Securities LLC | — | EDGAR |
| 2026-06-22 | Desert Environmental Holdings LLC | 10% Stockholder | 543,064 | $18.02M | 2026-06-22 | J.P. Morgan Securities LLC | — | EDGAR |
| 2026-06-22 | WBR Holdings LLC | 10% Stockholder | 1,430,814 | $47.49M | 2026-06-22 | J.P. Morgan Securities LLC | — | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
ETF Holders
23 ETFs hold WBI
23 shown · $97.49M total exposure · 0.03% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | INFL Horizon Kinetics Inflation Beneficiaries ETF | Nport | 5.80% | $85.5M | — | 2026-06-30 |
| 2 | FPX First Trust US Equity Opportunities ETF | First Trust | 0.41% | $5.7M | $1.4B | 2026-10-20 |
| 3 | FENY Fidelity MSCI Energy Index ETF | Fidelity | 0.07% | $1.6M | $2.3B | 2026-10-20 |
| 4 | BSJU Invesco BulletShares 2030 High Yield Corporate Bond ETF | Invesco | 0.47% | $1.5M | — | 2026-10-20 |
| 5 | DFMC Dimensional US Micro Cap ETF | Dimensional | 0.01% | $810,148 | — | 2026-10-20 |
| 6 | VDE Vanguard Energy ETF | Vanguard | 0.00% | $395,311 | — | 2026-09-30 |
| 7 | NVIR Horizon Kinetics Energy and Remediation ETF | Nport | 5.29% | $308,430 | — | 2026-06-30 |
| 8 | AIMS Acuitas Small Cap Active ETF | Nport | 0.33% | $303,872 | — | 2026-06-30 |
| 9 | JHSC John Hancock Multifactor Small Cap ETF | Nport | 0.04% | $274,229 | — | 2026-06-30 |
| 10 | DCOR Dimensional US Core Equity 1 ETF | Dimensional | 0.00% | $203,374 | — | 2026-10-20 |
| 11 | RUSC Russell Investments U.S. Small Cap Equity ETF | Nport | 0.22% | $175,599 | — | 2026-06-30 |
| 12 | BSJX Invesco BulletShares 2033 High Yield Corporate Bond ETF | Invesco | 0.62% | $135,299 | — | 2026-10-20 |
| 13 | TEXX Horizon Kinetics Texas ETF | Nport | 4.08% | $117,340 | — | 2026-06-30 |
| 14 | TOLZ ProShares DJ Brookfield Global Infrastructure ETF | ProShares | 0.06% | $97,435 | — | 2026-10-21 |
| 15 | TBLU Tortoise Global Water ETF | Nport | 0.17% | $87,516 | — | 2026-05-31 |
| 16 | WSML iShares MSCI World Small-Cap ETF | iShares (BlackRock) | 0.01% | $62,666 | $661.0M | 2026-10-20 |
| 17 | DFAS Dimensional US Small Cap ETF | Dimensional | 0.00% | $52,824 | — | 2026-10-20 |
| 18 | MSML iShares MSCI USA Small-Cap ETF | iShares (BlackRock) | 0.02% | $49,562 | $273.8M | 2026-10-20 |
| 19 | BKSE BNY Mellon US Small Cap Core Equity ETF | Nport | 0.05% | $43,699 | — | 2026-07-31 |
| 20 | DFUS Dimensional US Equity Market ETF | Dimensional | 0.00% | $28,916 | $21.4B | 2026-10-20 |
| 21 | DFAC Dimensional US Core Equity 2 ETF | Dimensional | 0.00% | $17,326 | — | 2026-10-20 |
| 22 | AVIE Avantis Inflation Focused Equity ETF | Avantis | 0.03% | $4,572 | $16.6M | 2026-10-20 |
| 23 | DUSG Dimensional US Small Cap Growth ETF | Dimensional | 0.00% | $2,126 | — | 2026-10-20 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
354.12
TTM Diluted EPS
$0.08
TTM Revenue
$750.88M
TTM Net Income
$3.93M
TTM Op. Cash Flow
$264.14M
Quarterly figures (4 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q2 '26 | 2026-06-30 | $217.77M | $5.02M | $0.10 | $64.89M |
| Q1 '26 | 2026-03-31 | $200.98M | $3.45M | $0.08 | $95.10M |
| Q4 '25 | 2025-12-31 | $208.88M | $-3.87M | $-0.08 | $88.18M |
| Q3 '25 | 2025-09-30 | $123.25M | $-667.00K | $-0.02 | — |
Q2 2026 • period ending 2026-06-30 • filed 2026-08-06
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
354.12
P/B
1.00
P/S
2.44
EV/EBITDA
10.39
EV/Sales
4.52
ROE
0.2%
ROA
0.1%
Div Yield
0.77%
FCF Yield
14.41%
Debt/Equity
0.88
Current Ratio
—
Market Cap
$1.83B
as of 2026-10-22
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
5.54M
SI % of Float
10.52%
Days to Cover
5.97
Short Vol Ratio
77.8%
Free Float
52.66M
Float %
95.0%
Short interest 2026-09-30 • Short volume 2026-10-21 • Float 2026-08-14