Company: WBI
Filing Date: 2025-09-18
Form Type: 424B4
Source: 0001193125-25-206805
Chunk: 495

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-18
Form: 424B4
Chunk 495
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 Equity, as well as, asset retirement obligations, as disclosed in Note 4. Asset Retirement Obligation. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. Valuation techniques utilized to determine fair value are consistently applied. The Company's assessment of the significance of a particular input to the fair value measurement in its entirety requires the application of management judgment and considers factors specific to the asset or liability. Interest Capitalization The Company capitalizes interest costs mainly during the construction period of our assets. Upon placing the underlying asset in service, these costs are depreciated over the estimated useful life of the corresponding assets for which interest costs were incurred. Allowance for Expected Credit Losses As of June 30, 2025 and December 31, 2024, the Company had $464 thousand and $140 thousand, respectively, for an allowance for expected credit losses. Income Taxes The Company is a limited liability company, and therefore has elected to be treated as a pass-through entity for federal income tax purposes. As a result, the net taxable income of the Company and any related tax credits, for federal income tax purposes, are deemed to pass to the members and are included in their tax returns even though such net taxable income or tax credits may not have actually been distributed. Accordingly, no federal tax provision has been made as of June 30, 2025 and December 31, 2024. The Company is subject to Texas margin taxes. An estimate of state tax liability is calculated utilizing management estimates related to the deductibility of certain expenses and other factors.

<div align='center'>F-129

Desert Environmental LLC and Subsidiaries

Notes to the Unaudited Condensed Consolidated Financial Statements</div>

The Company recognizes accrued interest and penalties related to uncertain tax positions in income tax expense in the condensed consolidated statements of operations. As of June 30, 2025 and December 31, 2024, the Company did not recognize any liabilities associated with payment for interest and penalties. Note 3. Property, Plant and Equipment, net Property, plant and equipment, net consisted of the following at:

|                                             |   | June 30, 
     2025 |   |     |   | December 31, 
         2024 |   |
|:--------------------------------------------|