WaterBridge Announces Open Season on Second Phase of Speedway Long-Haul Produced Water Pipeline

HOUSTON--(BUSINESS WIRE)--WaterBridge Infrastructure LLC (NYSE: WBI) ("WaterBridge") today announced the launch of an open season to solicit commitments to support the construction of a large-diameter gathering and transportation pipeline project (the “Speedway Phase II Pipeline”). The open season began at 8:00 a.m. CDT today, February 23, 2026, and is scheduled to end at 5:00 p.m. CDT on April 20, 2026.

The Speedway Phase II Pipeline will facilitate the transportation of produced water in Eddy and Lea counties, New Mexico to out-of-basin pore space located in the Central Basin Platform that is owned by WaterBridge’s affiliate, LandBridge Company LLC (NYSE: LB). The Speedway Phase II Pipeline will service customers and demand incremental to the previously announced Speedway Pipeline project, for which a final investment decision was announced in September 2025. The Speedway Phase II Pipeline is anticipated to provide incremental throughput capacity of up to 500,000 barrels per day (bpd) in addition to the 500,000 bpd throughput capacity for the initial phase of the Speedway Pipeline.

“The Speedway Phase II Pipeline is an important step in expanding our capacity to serve the growing need for responsible produced water handling solutions in the Northern Delaware Basin,” said Michael “Chop” Reitz, President and Chief Operating Officer of WaterBridge. “We are committed to remaining the flow assurance provider of choice for our E&P customers through large-scale infrastructure projects like this one to support continued growth in the region.”

The anticipated service area for the Speedway Phase II Pipeline is shown on the map above.

For additional information and open season documents, including current Phase II routes, transportation services and confidentiality agreements, please submit requests via email to [e-mail].

Cautionary Statement Regarding Forward-Looking Statements

This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on WaterBridge’s beliefs, as well as assumptions made by, and information currently available to WaterBridge, and therefore involve risks and uncertainties that are difficult to predict, including the possibility that the Speedway Phase II Pipeline will not be completed and that the anticipated capacity and revenue associated with the project would not be realized. Generally, future or conditional verbs such as “will,” “would,” “should,” “could,” or “may” and the words “believe,” “anticipate,” “continue,” “intend,” “expect” and similar expressions identify forward-looking statements. Forward-looking statements include, but are not limited to, any statements regarding the Speedway Phase II Pipeline, including the demand sufficient to solicit the level of interest required to complete the Speedway Phase II Pipeline, the ability to secure regulatory approvals in a timely manner or at all and/or the expected benefits of the Speedway Phase II Pipeline. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, many of which are beyond our control.

Forward-looking statements include, but are not limited to, strategies, plans, objectives, expectations, intentions, assumptions, future operations and prospects and other statements that are not historical facts, including our estimated future financial performance. You should not place undue reliance on forward-looking statements. Although WaterBridge believes that plans, intentions and expectations reflected in or suggested by any forward-looking statements made herein are reasonable, actual results may vary materially and adversely from those envisaged in this press release due to a number of factors, including those risks more fully discussed in WaterBridge's filings with the SEC, including its most recent Annual Report on Form 10-K and any subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. You can access WaterBridge’s filings with the SEC through the SEC's website at http://www.sec.gov. Except as required by applicable law, WaterBridge undertakes no obligation to update any forward-looking statements or other statements herein for revisions or changes after this communication is made.

About WaterBridge

WaterBridge is a leading integrated, pure-play water infrastructure company with operations predominantly in the Delaware Basin, the most prolific oil and natural gas basin in North America, with additional assets in the Eagle Ford and Arkoma Basins. WaterBridge operates the largest produced 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. Headquartered in Houston, Texas, WaterBridge is a first mover in the water midstream sector and benefits from an experienced and entrepreneurial management team.