Company: WBI
Filing Date: 2025-06-02
Form Type: DRS/A
Source: 0000950123-25-005943
Chunk: 114

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-06-02
Form: DRS/A
Chunk 114
---
 purchase additional Class A shares is exercised in full). Each $1.00 increase or decrease in the assumed public offering price of $ per Class A share (the midpoint of the price range set forth on the cover of this prospectus) would increase or decrease the net proceeds to us from this offering by approximately $ million (or approximately $ million if the underwriters’ option to purchase additional Class A shares is exercised in full), assuming that the number of Class A shares offered by us, as set forth on the cover page of this prospectus, remains the same and after deducting estimated underwriting discounts and estimated offering expenses payable by us. Each increase or decrease of one million in the number of Class A shares offered by us in this offering would increase or decrease the net proceeds to us from this offering by approximately $ million and, as a result, would decrease or increase both the aggregate ownership interest of the Five Point Members and Devon Holdco in OpCo and their voting power in us by approximately %, assuming that the public offering price of $ per Class A share (the midpoint of the price range set forth on the cover of this prospectus) remains the same and after deducting underwriting discounts and estimated offering expenses payable by us. For example, an increase of one million in the

<div align='center'>67</div>

number of Class A shares offered by us in this offering would result in the Five Point Members and Devon Holdco initially collectively owning approximately % of our combined economic interest and voting power, and a decrease of one million in the number of Class A shares offered by us in this offering would result in the Five Point Members and Devon Holdco initially collectively owning approximately % of our combined economic interest and voting power.

<div align='center'>68</div>

### DIVIDEND POLICY
We intend to pay dividends on our Class A shares in amounts determined from time to time by our board of directors.

While we intend to pay dividends, we have not adopted a formal written dividend policy to pay any particular amount of dividends based on the achievement of, or derivable from, any specific financial metrics. Furthermore, we are not contractually obligated to pay any dividends and do not have any required minimum dividend amount, and our credit facility limits our ability to pay dividends. If our board of directors determines to pay dividends in the future, the amount of such dividends may vary from quarter to quarter and may be significantly reduced or eliminated entirely. The actual amount of any dividends we pay may fluctuate depending on our cash flow needs, which may