Company: WBI
Filing Date: 2025-04-18
Form Type: DRS
Source: 0000950123-25-003575
Chunk: 128

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-04-18
Form: DRS
Chunk 128
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 December 31, 2023.

Gain on derivative instrument.Gain on derivative instrument decreased for the year ended December 31, 2024 compared to the year ended December 31, 2023 attributable to the redemption of the Series A-1 preferred units containing redemption features that required separate accounting as an embedded derivatives. See Note 2—Summary of Significant Accounting Policesand Note 10—Mezzanine Equitywithin the notes to the WBEF consolidated financial statements included elsewhere in this prospectus.

Interest expense, net.Interest expense, net increased for the year ended December 31, 2024 compared to the year ended December 31, 2023, primarily due to an $8.8 million increase in interest expense attributable to our WBM Term Loan, a $3.5 million write-off of debt issuance costs, and a $0.9 million increase in the amortization of debt issuance costs, all of which resulted from an amendment to our WBM Term Loan in June 2024. These increases were partially offset by $1.3 million of interest income earned on funds held in interest bearing accounts. See “—Liquidity and Capital Resources” for additional information regarding our debt instruments and interest expense.

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Year Ended December 31, 2024 Compared to the Year Ended December 31, 2023 WaterBridge NDB Operating LLC

|                                          |     |   | Year Ended December 31, 2024 |   |     |   | Year Ended December 31, 2023 |   |     |   | 2024 vs. 2023 |   |     |        |    |
|:-----------------------------------------|:----|:--|-----------------------------:|:--|:----|:--|-----------------------------:|:--|:----|:--|--------------:|:--|:----|-------:|:---|
| Revenues:                                |     |   |                              |   |     |   |                              |   |     |   |               |   |     |        |    |
| Produced water handling                  |     | $ |                      283,963 |   |     | $ |                      183,858 |   |     | $ |       100,105 |   |     |     54 | %  |
| Water solutions                          |     |   |                       23,830 |   |     |   |                        9,236 |   |