Company: WBI
Filing Date: 2025-09-15
Form Type: S-1/A
Source: 0001193125-25-202719
Chunk: 497

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-15
Form: S-1/A
Chunk 497
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 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. Accordingly, no federal tax provision has been made as of June 30, 2025 and December 31, 2024. The Company is subject to Texas margin taxes. An estimate of state tax liability is calculated utilizing management estimates related to the deductibility of certain expenses and other factors.

<div align='center'>F-129

Desert Environmental LLC and Subsidiaries

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

The Company recognizes accrued interest and penalties related to uncertain tax positions in income tax expense in the condensed consolidated statements of operations. As of June 30, 2025 and December 31, 2024, the Company did not recognize any liabilities associated with payment for interest and penalties. Note 3. Property, Plant and Equipment, net Property, plant and equipment, net consisted of the following at:

|                                             |   | June 30, 
     2025 |   |     |   | December 31, 
         2024 |   |
|:--------------------------------------------|:--|---------:|:--|:----|:--|-------------:|:--|
| Waste facilities & related equipment        | $ |   34,380 |   |     | $ |       34,286 |   |
| Machinery & equipment                       |   |    5,754 |   |     |   |        1,056 |   |
| Other                                       |   |    1,840 |   |     |   |        1,840 |   |
| Construction in progress                    |   |    2,373 |   |     |   |          207 |   |
|                                             |   |   44,347 |   |     |   |       37,389 |   |
| Less accumulated depreciation and depletion |   |   (7,562 | ) |     |   |       (4,570 | ) |
| Total property, plant and equipment, net    | $ |   36,785 |   |     | $ |       32,819 |   |

Depreciation expense for the six months ended June 30, 2025 and 2024 was $1.2 million and $768 thousand, respectively. Depletion expense for the six months ended June 30,