Wall Street closes at a record for the first time since end of January
WaterBridge Infrastructure LLC (NYSE:WBI; NYSE TX:WBI) announced Monday that its board of directors appointed Valerie Chase as a director, with her term set to expire at the company’s 2026 annual meeting of shareholders or upon her earlier resignation or removal. Chase was also named chair of the company’s audit committee, replacing Kara Goodloe Harling, who will continue to serve as a board member.
According to the company’s statement in a filing with the U.S. Securities and Exchange Commission, the board determined that Chase qualifies as an independent director under the rules of the New York Stock Exchange, NYSE Texas, Inc., and the SEC.
Chase brings more than 20 years of experience in finance, accounting, and corporate governance. From 2010 to 2018, she held various roles at Apache Corporation (now APA Corporation), culminating as head of accounting policy and financial controls. She later served as vice president, chief accounting officer, and controller at Magnolia Oil & Gas Corporation from 2018 to 2021. Chase holds a Bachelor of Economics and a Master of Accounting from the University of Michigan and is a certified public accountant in Texas.
For her board service, Chase will receive a grant of 2,830 restricted stock units under the company’s Long Term Incentive Plan, vesting on September 18, 2026, as well as an annual cash retainer of $100,000. She will also receive additional annual cash retainers of $10,000 each for serving on and chairing the audit committee, with all payments made quarterly and prorated for any partial service period.
The company also entered into an indemnification agreement with Chase, dated April 13, 2026, providing her with legal protections in connection with her board service, consistent with previous agreements filed with the SEC.
The filing stated there are no arrangements or understandings with any other person related to Chase’s selection as a director, and no related-party transactions requiring disclosure.
All information is based on a company statement in a filing with the SEC.
In other recent news, WaterBridge Infrastructure reported its fourth-quarter 2025 earnings, which fell significantly short of expectations. The company posted an earnings per share (EPS) of $0.0131, compared to the anticipated $0.16, marking a negative surprise of 91.81%. Despite this earnings miss, Goldman Sachs raised its price target for WaterBridge Infrastructure stock to $26.00 from $23.00, maintaining a Neutral rating. The firm noted that WaterBridge exceeded expectations with stronger margins, although volumes were in line with forecasts.
Meanwhile, Barclays reiterated an Overweight rating on the stock with a price target of $29.00, highlighting the company’s ongoing growth projects aimed at expanding its water infrastructure footprint. Raymond James also maintained a Strong Buy rating, setting a price target at $30.00, viewing the company as an attractive investment, particularly in the Delaware Basin. WaterBridge Infrastructure provided 2026 EBITDA guidance of $420 million to $460 million, which aligns closely with consensus estimates of $445 million. These recent developments reflect varied analyst perspectives on WaterBridge’s financial outlook and strategic initiatives.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.