Company: WBI
Filing Date: 2025-06-02
Form Type: DRS/A
Source: 0000950123-25-005943
Chunk: 328

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-06-02
Form: DRS/A
Chunk 328
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 ) |
| Debt issuance costs                                                               |     |                              |    (209 | ) |     |      |       - |   |
| Deferred offering costs                                                           |     |                              |     (98 | ) |     |      |       - |   |
| Net cash (used in) provided by financing activities                               |     |                              |  (2,827 | ) |     |      |  19,503 |   |
| Net increase (decrease) in cash and cash equivalents                              |     |                              |  14,319 |   |     |      |    (552 | ) |
| Cash and cash equivalents - beginning of period                                   |     |                              |  13,284 |   |     |      |  12,869 |   |
| Cash and cash equivalents - end of period                                         |     | $                            |  27,603 |   |     | $    |  12,317 |   |

See accompanying notes to the unaudited condensed consolidated financial statements

<div align='center'>F-42

WaterBridge NDB Operating LLC and Subsidiaries

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

1. Organization and Nature of Operations

WaterBridge NDB Operating LLC (together with its subsidiaries, the “Company”, “we”, “our”, or “us”) is a Delaware limited liability company headquartered in Houston, Texas that was formed in February 2020 by WaterBridge NDB LLC (“WB NDB”), a Delaware limited liability company. WB NDB was capitalized in June 2020 by funds affiliated with Five Point Energy Fund II LP and Five Point Energy Fund III LP and certain members of management.

On June 8, 2022, WB NDB, EVX Midstream Partners LLC, a Delaware limited liability company (“EVX I”), and EVX Eagle Ford Holdings LLC, a Delaware limited liability company (“EEF”), completed a merger, pursuant to which each of WB NDB, EVX I and EEF contributed all of their equity interests in their respective wholly owned subsidiaries to NDB Holdings LLC, a Delaware limited liability company (“Holdings”), in exchange for membership interests in Holdings. Following such merger, funds affiliated with Five Point Energy Fund I LP, Five Point Energy Fund II LP and Five Point Energy Fund III LP collectively hold a 65.8% indirect ownership in the Company.

Effective as of May 1, 2023, Holdings and WPX Energy Permian, LLC