Company: WBI
Filing Date: 2025-09-18
Form Type: 424B4
Source: 0001193125-25-206805
Chunk: 282

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-18
Form: 424B4
Chunk 282
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 $1.5 million, respectively, in expenses in connection with the electrical shared facilities agreement and $1.4 million and $0.8 million, respectively, in expenses in connection with the produced water facilities agreement and related easements and rights-of-way.

In the ordinary course of business, we entered into a produced water handling agreement with San Mateo Midstream, a joint venture between Matador Resources Company (NYSE: MTDR) (“Matador”) and Five Point that operates produced water handling facilities and other midstream assets in the Delaware Basin. Such produced water handling agreement provides for a first call dedication of volumes received by San Mateo Midstream from Matador within a dedicated area in Eddy County, New Mexico. This agreement has an initial 15-year term expiring in 2034 and will automatically extend for additional one-year periods unless terminated by either party prior to renewal. For the years ended December 31, 2024 and 2023, we recognized $22.9 million and $17.9 million, respectively, in revenue related to such produced water handling agreement. For the six months ended June 30, 2025 and 2024, we recognized $11.5 million and $8.8 million, respectively, in revenue related to such produced water handling agreement.

We had related person receivables totaling approximately $133,000 as of June 30, 2025 and $537,330 as of December 31, 2024 related to aviation expenses that were paid on behalf of, and subject to reimbursement by, David Capobianco, one of our director nominees, who reimbursed us at cost. Additionally, in July 2020, certain of our subsidiaries paid an advance of $806,000 to JLR Holdings, LLC, an entity controlled by Mr. Jones, Mr. Long and Mr. Reitz, for prepaid maintenance and flight hours, to be credited towards future utilization of a chartered aircraft owned by JLR Holdings, LLC for corporate air travel. We discontinued use of such chartered aircraft in May 2021 before utilizing the full amount of such advance. Mr. Jones repaid his proportionate share of such advance in September 2024, and Mr. Long and Mr. Reitz paid the remaining outstanding balance in full in August 2025.

In the normal course of business, we enter into transactions with other related parties in which certain of our affiliates hold financial interests, which are described in more detail below.

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