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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 16, 2025
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities        
Net income prior to reorganization   $ 9 $ 2,992 $ 14,667
Adjustments to reconcile net income loss to net cash provided by operating activities:        
Depreciation, amortization, and accretion   140,899 78,315 48,436
Amortization and write off of debt issuance costs   4,359 5,303 1,390
Share-based compensation   5,338 9,529 (359)
Contractual customer relationships amortization   1,832 1,749 1,255
Loss (gain) on disposal of assets, net   11,980 (137) 97
Loss on extinguishment of debt, net   11,411 0 0
Deferred income tax benefit   (1,246) 0 0
Other   505 1,314 647
Changes in operating assets and liabilities:        
Accounts receivable   (37,051) (4,928) (13,391)
Related party accounts receivable   14,455 (22,388) (11,143)
Prepaid expenses and other assets   (1,002) (337) 2,208
Accounts payable   5,089 (37) 4,278
Related party accounts payable   3,721 5,719 (909)
Contract liabilities   (120) (37) 4,221
Accrued and other liabilities   (484) (148) 4,014
Consideration paid to customer   0 (3,050) (6,938)
Net cash provided by operating activities   159,695 73,859 48,473
Cash flows from investing activities        
Acquisitions, net of cash acquired   39,901 (166,523) (25,343)
Capital expenditures   (278,569) (159,921) (147,969)
Proceeds from disposal of assets   20,045 2,783 2,032
Net cash used in investing activities   (218,623) (323,661) (171,280)
Cash flows from financing activities        
Repayments of debt   (1,849,222) (359,777) (28,624)
Proceeds from debt   1,505,000 630,000 150,000
Proceeds from issuance of Class A shares, net of underwriting discounts and commissions   685,354 0 0
Purchase of OpCo equity interests from Elda River   (228,162) 0 0
Contributions from member   20,080 0 9,817
Debt issuance costs   (26,460) (18,858) (1,544)
Deferred offering costs   (8,261) 0 0
Repayments of finance leases   (1,142) (1,148) (862)
Repayments of note from Series A-1 Preferred Units   (1,849,222) (359,777) (28,624)
Net cash provided by (used in) financing activities   97,187 250,217 128,787
Net (decrease) increase in cash and cash equivalents   38,259 415 5,980
Cash and cash equivalents - beginning of period $ 13,284 13,284 12,869 6,889
Cash and cash equivalents - end of period   51,543 13,284 12,869
WaterBridge Equity Finance L L C [Member]        
Cash flows from operating activities        
Net income prior to reorganization (16,862)   (76,803) (6,339)
Adjustments to reconcile net income loss to net cash provided by operating activities:        
Depreciation, amortization, and accretion 82,974   120,048 111,096
Amortization and write off of debt issuance costs 6,528   13,678 9,485
Share-based compensation (15,381)   6,801 (12,010)
Contractual customer relationships amortization 1,043   1,466 1,465
Other 1,314   941 (1,011)
Changes in operating assets and liabilities:        
Accounts receivable (5,737)   15,749 (15,802)
Related party accounts receivable 2,408   (1,299) 4,167
Prepaid expenses and other assets 681   5,056 3,946
Accounts payable (2,229)   (262) 2,150
Related party accounts payable (1,754)   (489) 310
Increase Decrease In Contract Liabilities (537)   1,380 1,274
Accrued and other liabilities 22,451   (23,323) 14,534
Net cash provided by operating activities 74,899   62,943 113,265
Cash flows from investing activities        
Acquisitions, net of cash acquired       (2,544)
Capital expenditures (76,186)   (21,453) (67,967)
Proceeds from disposal of assets 2,895   2,147 3,406
Net cash used in investing activities (73,291)   (19,306) (67,105)
Cash flows from financing activities        
Repayments of debt (15,964)   (27,092) (63,302)
Proceeds from debt 25,000   46,247 195,000
Distributions paid on Redeemable Series A Preferred Units (13,308)   (8,872) (750)
Settlement of contingent consideration (3,000)   (900) (3,300)
Debt issuance costs (151)   (28,167) (5,982)
Deferred offering costs (2,356)      
Distributions paid to member (10)   (8) (15)
Redemption of Series A-1 Preferred Units       (150,000)
Repayments of note from Series A-1 Preferred Units (15,964)   (27,092) (63,302)
Net cash provided by (used in) financing activities (9,789)   (33,792) (28,349)
Net (decrease) increase in cash and cash equivalents (8,181)   9,845 17,811
Cash and cash equivalents - beginning of period 47,887 $ 47,887 38,042 20,231
Cash and cash equivalents - end of period $ 39,706   47,887 $ 38,042
WaterBridge Equity Finance L L C [Member] | Series A Preferred Units        
Cash flows from financing activities        
Repayments of debt     (15,000)  
Repayments of note from Series A-1 Preferred Units     $ (15,000)