Company: WBI
Filing Date: 2025-06-02
Form Type: DRS/A
Source: 0000950123-25-005943
Chunk: 134

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-06-02
Form: DRS/A
Chunk 134
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|:----|:-----------------------------|------:|:----|:-----|-----:|:----|:-----------|------:|:--|:----|:-----------|----:|:---|
| Produced water handling        |     | $                            |  0.79 |     | $    | 0.76 |     | $          |  0.03 |   |     |            |   4 | %  |
| Water solutions                |     | $                            |  0.34 |     | $    | 0.43 |     | $          | (0.09 | ) |     |            | (21 | )% |
| Total revenues (2)             |     | $                            |  0.68 |     | $    | 0.72 |     | $          | (0.04 | ) |     |            |  (6 | )% |
| Direct operating costs         |     | $                            |  0.30 |     | $    | 0.33 |     | $          | (0.03 | ) |     |            |  (9 | )% |
| Gross margin (3)               |     | $                            |  0.25 |     | $    | 0.20 |     | $          |  0.05 |   |     |            |  25 | %  |
| Adjusted Operating Margin (4)  |     | $                            |  0.39 |     | $    | 0.41 |     | $          | (0.02 | ) |     |            |  (5 | )% |

(1) Operating metrics ($/Bbl) are calculated independently, and the sum of individual amounts many not equal the total presented due to rounding. (2) Total Revenues ($/Bbl) does not include Other Revenues. (3) Gross margin in calculated as Total revenues less Total cost of revenues.

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(4) Adjusted Operating Margin is a non-GAAP financial measure. See “Summary—Summary Historical and Pro Forma Financial Data—Non-GAAP Financial Measures” below for more information regarding these non-GAAP measures and reconciliations to the most comparable GAAP measures. The table below provides operational and financial data related to skim oil volumes recovered for the periods indicated.

|                                     |     | Three Months Ended March 31,