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

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-18
Form: 424B4
Chunk 424
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 in Texas margin tax liability as of December 31, 2024 and 2023, respectively. Concentrations of Risk The Company provides services to customers involved in the E&P industry in the Southern Delaware Basin in west Texas and the Arkoma Basin in Oklahoma and is almost entirely dependent upon the continued activity of such customers. In the normal course of business, we do not maintain cash balances in excess of federally insured limits due to the insured cash sweep service provided by our financial institution. The Company regularly monitors these institutions’ financial condition. We have not experienced any losses in our accounts and believe we are not exposed to any significant credit risk on cash or cash equivalents. Significant Customers Customers that individually comprised more than 10% of the Company’s consolidated revenues were as follows:

|            |     | Year Ended December 31, | 2024 |   |     |     | 2023 |   |
|:-----------|:----|:------------------------|-----:|:--|:----|:----|-----:|:--|
| Customer A |     |                         |   24 | % |     |     |   23 | % |
| Customer B |     |                         |   10 | % |     |     |   12 | % |
| Customer C |     |                         |   10 | % |     |     |   11 | % |
| Customer D |     |                         |   10 | % |     |     |    - |   |
| Customer E |     |                         |    - |   |     |     |   10 | % |

Other contingencies The Company recognizes liabilities for other contingencies when there is exposure that indicates it is both probable and the amount of loss can be reasonably estimated. These types of liabilities may also arise from acquisition related transactions or other commercial agreements entered into from time to time by the Company. Refer to Note 13 – Commitments and Contingencies for further information on specific contingent liabilities. Recently Adopted Accounting Pronouncements In 2024, we adopted ASU 2023-07, Segment Reporting (Topic 280). This guidance requires a public entity, including entities with a single reportable segment, to disclose significant segment expenses and other segment items on an annual and interim basis and provide in interim periods all disclosures about a reportable segment’s profit or loss and assets that were previously required annually. This ASU was effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years