Company: WBI
Filing Date: 2025-06-02
Form Type: DRS/A
Source: 0000950123-25-005943
Chunk: 359

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-06-02
Form: DRS/A
Chunk 359
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 remaining weighted average amortization period for customer relationships was 11.8 years and 12.8 years as of December 31, 2024 and 2023, respectively. Income Taxes The Company is a limited liability company classified 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. The Company is subject to Texas margin taxes. We estimate our state tax liability utilizing management estimates related to the deductibility of certain expenses and other factors. We recorded $0.1 million and $0.6 million 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