Company: WBI
Filing Date: 2025-09-08
Form Type: S-1/A
Source: 0000950170-25-113383
Chunk: 506

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-08
Form: S-1/A
Chunk 506
---
 allocated to it based on its pro rata share of the expenses. For the periods ended June 30, 2025 and 2024, the Company paid approximately $1.2 million and $1.3 million for the shared services and direct cost reimbursements, respectively.

Equity Sponsor Services Agreement

Five Point Infrastructure LLC (FPI), an affiliate of 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 geographic information system (GIS) and certain legal services provided by FPI. 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 services for such period. For the periods ended June 30, 2025 and 2024, the GIS and legal services reimbursements paid were immaterial.

Customer Agreement

The Company has customer agreements with certain affiliates which include a standard fee schedule. Under these agreements, the Company provides waste handling and disposal services to affiliates in the ordinary course of business.

Affiliate Facility Access and Water Management Services Agreement

The Company has a facility access, surface use and water management services agreement with certain affiliates to which the Company is granted certain rights to construct, operate and maintain waste reclamation facilities in the ordinary course of business. These agreements include the ability to purchase from and receive certain services from such affiliates, including the purchase of fresh water and caliche and wastewater handling services. These agreements include a standard fee or damage rate schedule and provision for specified surface use activities including royalty payments related to certain activities.

During the six months ended June 30, 2025, the Company entered into a lease agreement for acreage to expand its waste reclamation facilities with an affiliate. Under the lease agreement, the Company made a one-time upfront payment of $2.6 million to the affiliate and recorded a related finance lease right-of-use-asset. There are no additional fixed fee payments required to be made to the affiliate under such agreement.

Management has evaluated subsequent events through August 22, 2025, the date which the condensed consolidated financial statements were available to be issued.

<div align='center'>F-133

27,000,000 Shares

Class A Shares

Representing Limited Liability Company Interests

WaterBridge Infrastructure LLC

PRELIMINARY PROSPECTUS

, 2025

J.P. Morgan

Barclays

Goldman Sachs & Co. LLC

Morgan Stanley

Wells Fargo