Company: WBI
Filing Date: 2025-09-15
Form Type: S-1/A
Source: 0001193125-25-202719
Chunk: 172

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-15
Form: S-1/A
Chunk 172
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 |     |                  | (110,287 | ) |     |      | (248,905 | ) |     |            |  138,618 |   |     |            |  (56 | )% |
| Net cash (used in) provided by financing activities  |     |                  | (10,723 | ) |     |      | (15,726 | ) |     |            |   5,003 |   |     |            | (32 | )% |     |                  |   49,726 |   |     |      |  218,932 |   |     |            | (169,206 | ) |     |            |  (77 | )% |
| Net (decrease) increase in cash and cash equivalents |     | $                | (27,783 | ) |     | $    | (19,637 | ) |     | $          |  (8,146 | ) |     |            |  41 | %  |     | $                |   (1,382 | ) |     | $    |   11,864 |   |     | $          |  (13,246 | ) |     |            | (112 | )% |

WaterBridge Equity Finance LLC Net Cash Provided by Operating Activities. Net cash provided by operating activities increased $22.1 million for the six months ended June 30, 2025 as compared to the six months ended June 30, 2024. The increase was attributable to higher net income, net of non-cash items, of $12.9 million primarily related to lower interest expense during the six months ended June 30, 2025. Additionally, changes in working capital items, other than cash, resulted in an increase of $9.2 million primarily due to changes in accrued expenses primarily related to WBM Term Loan interest. Net Cash Used in Investing Activities. Net cash used in investing activities increased $35.3 million for the six months ended June 30, 2025 as compared to the six months ended June 30, 2024. The net increase was primarily attributable to higher capital expenditures, inclusive of changes in associated working capital items, of $36.5 million related to expansion of our infrastructure network partially offset by an increase in insurance proceeds received of $0.9 million during the six months ended June 30, 2025.

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Net Cash Used in Financing Activities.