Company: WBI
Filing Date: 2025-09-08
Form Type: S-1/A
Source: 0000950170-25-113383
Chunk: 477

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-08
Form: S-1/A
Chunk 477
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| Accounts Receivable - Related Party |     |                                   |                               |   |          |     |   |              |
| Customer Agreement                  |     | Related party accounts receivable |                               |   |      221 |     | $ |          203 |
| Shared Services Agreement           |     | Related party accounts receivable |                               |   |    5,018 |     |   |        8,476 |
|                                     |     |                                   |                               | $ |    5,239 |     | $ |        8,679 |
| Accounts Payable - Related Party    |     |                                   |                               |   |          |     |   |              |
| Joint Operating Agreement           |     | Related party accounts payable    |                               |   |   13,778 |     | $ |        6,059 |
| Shared Services Agreement           |     | Related party accounts payable    |                               |   |      507 |     |   |          284 |
|                                     |     |                                   |                               | $ |   14,285 |     | $ |        6,343 |

Shared Services Agreement The Company and its subsidiaries, including Management Co, are parties to a services agreement with WBR, Holdings, WaterBridge NDB LLC (“NDB”) and its subsidiaries, DBR Land LLC and its subsidiaries, and Desert Environmental LLC and its subsidiaries, each being an affiliate of the Company, pursuant to which the Company and its subsidiaries provide various general, administrative, and operating services. The Company and its subsidiaries are entitled to reimbursement for all fees incurred that are necessary to perform services under the agreement. For shared services, the basis of allocation is an approximation of time spent on activities supporting the associated entities. For shared costs paid on behalf of the Company, the costs are directly allocated to the associated entity for its pro rata share of the expenses. The Company received approximately $15.2 million and $10.4 million for the three months ended June 30, 2025 and 2024, respectively, and $28.1 million and $20.1 million for the six months ended June 30, 2025 and 2024, respectively, for shared services and direct cost reimbursements.

<div align='center'>F-105

WaterBridge Equity Finance LLC and Subsidiaries

Notes to the Unaudited Condensed