Goldman Sachs analyst John Mackay raised the firm's price target on WaterBridge Infrastructure to $36 from $32 and keeps a Buy rating on the shares. The quarter was stronger than expected on better costs and produced water margin, the analyst tells investors in a research note, adding that combined with management's conservative assumptions on skim oil pricing and Speedway Phase 1 in-service timing, the company's new 2026 EBITDA guidance of $425M-$465M "looks achievable".
