Energy Corp/De Devon (10% owner) sells 1,755,174 shares of WBI at $30.05 for $52,742,978.70 on 2026-06-22.
Energy Corp/De Devon sold 1,755,174 shares of WaterBridge Infrastructure LLC at $30.05 per share on 2026-06-22, realizing $52,742,978.70 in proceeds. This represents a -100.0% reduction of the insider's non-derivative holdings, though substantial derivative holdings through WBI Operating LLC Units remain post-transaction. The transaction occurs against a backdrop of WBI trading at $28.31 currently, -21.8% from its 52-week high of $36.21, suggesting the sale executed above recent market levels. WBI's fundamentals show revenue of $200,977,000.00 in the latest quarter with annual revenue growth of +66.2%, but the company posted minimal net income of $3,515,000.00, a structural tension between top-line expansion and profitability that investors should monitor alongside the insider's reallocation of capital from non-derivative to derivative instruments.