Horizon Kinetics Acquires 6.35M Shares of WaterBridge Worth $160.26M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 23 2025
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Source: NASDAQ.COM
- Stake Disclosure: Horizon Kinetics Asset Management disclosed a stake of 6.35 million shares in WaterBridge Infrastructure valued at $160.26 million at the end of Q3, indicating strong confidence in the company's growth potential.
- Investment Proportion: This new holding represents 1.95% of Horizon Kinetics' total reportable holdings of $8.2 billion, highlighting its significance within the fund's diversified portfolio.
- Market Performance: WaterBridge's shares have remained around $20.29 post-IPO, reflecting stable demand for its water management infrastructure services, particularly in the oil and gas sectors of Texas and Arkansas.
- Financial Health: In its first quarter as a public company, WaterBridge reported pro forma revenue of $205.5 million, an 8% increase quarter-over-quarter, and improved liquidity to $547 million through its IPO and a $1.425 billion senior notes offering, showcasing enhanced financial stability.
Analyst Views on WBI
Wall Street analysts forecast WBI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WBI is 28.00 USD with a low forecast of 23.00 USD and a high forecast of 32.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
4 Buy
5 Hold
0 Sell
Moderate Buy
Current: 23.110
Low
23.00
Averages
28.00
High
32.00
Current: 23.110
Low
23.00
Averages
28.00
High
32.00
About WBI
Waterbridge Infrastructure LLC is an integrated, pure-play water infrastructure company with operations predominantly in the Delaware Basin, the oil and natural gas basin in North America, with additional assets in the Eagle Ford and Arkoma Basins. The Company operates a water infrastructure network in the United States, through which it provides water management solutions to oil and natural gas exploration and production companies under long-term contracts, which include gathering, transporting, recycling and handling produced water. The Company's infrastructure network includes approximately 2,500 miles of pipelines and 197 produced water handling facilities, which handle over 2.6 million bpd of produced water for its customers and have more than 4.5 million bpd of total produced water handling capacity. Its advanced recycling processes allow it to return water to the ecosystem, supporting sustainable operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
