Company: WBI
Filing Date: 2025-08-04
Form Type: DRS/A
Source: 0000950123-25-006924
Chunk: 372

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-08-04
Form: DRS/A
Chunk 372
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    4,893 |     |   |        8,631 |   |
| Joint Operating Agreement           |     | Related party accounts payable    |                               |   |        - |     |   |         (200 | ) |
|                                     |     |                                   |                               | $ |    8,424 |     | $ |       13,721 |   |

Shared Services Agreement We have a services agreement with certain affiliates consisting of WB NDB, Holdings, WaterBridge Holdings LLC and its subsidiaries, DBR Land LLC and its subsidiaries (“DBR”), Desert Environmental LLC and its subsidiaries, pursuant to which we receive common management and general, administrative, overhead, and operating services in support of the Company’s operations and development activities. We are required to reimburse all fees, including an administrative mark-up for shared services, incurred by us that are necessary to perform services under the agreement. For shared services, the basis of allocation is an approximation of time spent on activities support the Company. For shared costs paid on behalf the Company, the costs are directly allocated to us based on our pro rata share of expenses. The Company paid approximately $18.3 million and $13.5 million, for the three months ended June 30, 2025 and 2024, respectively, and $35.9 million and $27.8 million for the six months ended June 30, 2025 and 2024, respectively, for shared services and direct cost reimbursements. Equity Sponsor Services Agreement Five Point Infrastructure LLC (“FPI”), an affiliate of Five Point Energy Fund I LP, Five Point Energy Fund II LP and Five Point Energy Fund III LP, invoices the Company, and the Company reimburses FPI in cash, for expenses associated with the Company’s use of FPI’s geographic information system (“GIS”). The reimbursement includes allocated FPI personnel costs and third-party software and hardware expenses and is determined based on the Company’s use of FPI’s total GIS services for such period. The Company recognized general and administrative expense related to GIS services of $0.2 million in each of the three months ended June 30, 2025 and 2024 and $0.3 million in each of the six months ended June 30, 2025 and 2024. Customer Agreements A subsidiary of the Company is party to various produced water agreements and water supply agreements with customers that are affiliates of the Company, in each case on terms substantially similar to those generally available for water management services in their corresponding regions