T. Rowe Price Investment Management, Inc. filed Amendment No. 2 to Schedule 13G on November 6, 2026, disclosing beneficial ownership of 5,663,206 shares of WaterBridge Infrastructure Class A common stock as of October 31, 2026.

Key Highlights

  • Aggregate beneficial ownership: T. Rowe Price Investment Management, Inc. reported beneficial ownership of 5,663,206 shares of WaterBridge Infrastructure Class A common stock.
  • Percent of class: The 5,663,206 shares represent 10.2% of the class, according to the filing.
  • Sole voting and dispositive power: All 5,663,206 shares are held with sole voting power and sole dispositive power; shared voting and shared dispositive power are each reported as 0.
  • T. Rowe Price Small-Cap Stock Fund interest: T. Rowe Price Small-Cap Stock Fund, for which T. Rowe Price Investment Management, Inc. serves as investment adviser, holds an interest in 2,494,265 of the reported shares, representing 5.8% of the class.
  • Triggering event date: The date of event requiring this filing is stated as October 31, 2026.
  • Filer classification: T. Rowe Price Investment Management, Inc. is identified as an investment adviser (type "IA"), organized in Maryland.

T. Rowe Price Investment Management Discloses 10.2% Position in WaterBridge Infrastructure

According to the filing, T. Rowe Price Investment Management, Inc., headquartered at 1307 Point Street, Baltimore, MD 21231, submitted Amendment No. 2 to Schedule 13G with the SEC on November 6, 2026, covering its holdings in WaterBridge Infrastructure Class A common stock (CUSIP 940923105). The issuer's principal executive offices are listed as 5555 San Felipe Street, Suite 1200, Houston, TX 77056. The filing does not identify an exchange or ticker symbol in its text.

The filing reports that T. Rowe Price Investment Management holds 5,663,206 shares with both sole voting power and sole dispositive power over all reported shares, with no shared voting or dispositive power. This position represents 10.2% of the class as of the October 31, 2026 event date. The filer expressly states that the filing "shall not be construed as an admission that Price Investment Management is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied."

Under Item 6, the filing discloses that T. Rowe Price Small-Cap Stock Fund, a registered investment company for which T. Rowe Price Investment Management, Inc. acts as investment adviser, holds an interest in 2,494,265 of the reported shares, representing 5.8% of the class. The filing further notes that clients, not T. Rowe Price Investment Management, hold the ultimate power to direct receipt of dividends and sale proceeds, and that any discretionary authority delegated to the firm "may be revoked in whole or in part at any time." The filing was signed by Ellen York, Vice President of T. Rowe Price Investment Management, Inc., on November 6, 2026.

What Was Disclosed

T. Rowe Price Investment Management, Inc. filed Amendment No. 2 to Schedule 13G disclosing beneficial ownership of 5,663,206 shares, or 10.2%, of WaterBridge Infrastructure Class A common stock as of October 31, 2026, including a 5.8% sub-interest held through T. Rowe Price Small-Cap Stock Fund.