T. Rowe Price Investment Management, Inc. filed Amendment No. 1 to Schedule 13G on November 6, 2026, disclosing beneficial ownership of 5,294,669 shares of WaterBridge Infrastructure Class A common stock as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: T. Rowe Price Investment Management, Inc. reported beneficial ownership of 5,294,669 shares of WaterBridge Infrastructure Class A common stock.
  • Percent of class: The 5,294,669 shares represent 9.5% of the class, according to the filing.
  • Sole voting and dispositive power: The filing reports sole voting power and sole dispositive power each covering all 5,294,669 shares, with no shared voting or dispositive power.
  • 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 2,340,900 of the shares reported, representing 5.4% of the class.
  • Triggering event date: The date of event requiring this filing is stated as September 30, 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 9.5% Position in WaterBridge Infrastructure Class A Shares

T. Rowe Price Investment Management, Inc., headquartered at 1307 Point Street, Baltimore, MD 21231, submitted Amendment No. 1 to Schedule 13G with the SEC on November 6, 2026. The filing covers Class A common stock of WaterBridge Infrastructure (CUSIP 940923105), whose principal executive offices are listed at 5555 San Felipe Street, Suite 1200, Houston, TX 77056. The event triggering the amendment is dated September 30, 2026.

According to the filing, T. Rowe Price Investment Management holds an aggregate of 5,294,669 shares beneficially, equal to 9.5% of the class. All 5,294,669 shares are held with sole voting power and sole dispositive power; shared voting power and shared dispositive power are each reported as zero. The filer is classified as an investment adviser and certifies that the securities "were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer."

The filing further discloses that T. Rowe Price Small-Cap Stock Fund, a registered investment company for which T. Rowe Price Investment Management, Inc. serves as investment adviser, holds an interest in 2,340,900 of the reported shares, representing 5.4% of the class. The filing notes that T. Rowe Price Investment Management "does not serve as custodian of the assets of any of its clients," and that the ultimate power to direct receipt of dividends and sale proceeds "is vested in the individual and institutional clients." The filing was signed by Ellen York, Vice President, on November 6, 2026.

What Was Disclosed

T. Rowe Price Investment Management, Inc. disclosed in Amendment No. 1 to Schedule 13G that it beneficially owns 5,294,669 shares, or 9.5%, of WaterBridge Infrastructure Class A common stock as of September 30, 2026, with all voting and dispositive power held solely by the filer.