Company: WBI
Filing Date: 2025-08-04
Form Type: DRS/A
Source: 0000950123-25-006924
Chunk: 19

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-08-04
Form: DRS/A
Chunk 19
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-life production of oil and natural gas wells rather than drilling activity, which can be more cyclical in nature. We report our revenue in the following categories. • Produced Water Handling. We charge a fixed fee whether produced water is handled by our produced water handling facilities or recycled. Under some of our customer contracts, we receive separate fees for transportation and handling or recycling of produced water, while in other contracts we receive a combined fee for both services. Our results are driven primarily by the fees we charge and the volumes of produced water transported for handling or recycling on our network. We also sell oil recovered as a byproduct of the produced water we handle, which is referred to as skim oil. • Water Solutions. We sell brackish and produced water to our customers for use in their drilling and completion operations. We also provide produced water treatment and recycling services and sell recycled water to our customers for use in drilling and completion operations. We charge contracted fees per barrel of water sold. • Other. In the Arkoma Basin, we receive fees for gas transportation services. In the Delaware Basin, we receive fees by providing solid waste disposal and reclamation services. We do not expect gas transportation fees and solid waste and reclamation fees to comprise a significant portion of our future revenues. Financial Performance

|                                                 |     |                        WBEF 
 Three Months Ended June 30, 
                        2025 |     |      2024 |     | Six Months Ended June 30, 
                      2025 |     |      2024 |     | Year Ended December 31, 
                    2024 |     |       2023 |     |               NDB Operating 
 Three Months Ended June 30, 
                        2025 |     |     2024 |     | Six Months Ended June 30, 
                      2025 |     |      2024 |     | Year Ended December 31, 
                    2024 |     |      2023 |     |        Pro Forma 
 Six Months Ended 
         June 30, 
             2025 |     |   Year Ended 
 December 31, 
         2024 |     | Pro Forma, as adjusted 
       Six Months Ended 
               June 30, 
                   2025 |     |   Year Ended 
 December 31, 
         2024 |
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