Company: WBI
Filing Date: 2025-08-04
Form Type: DRS/A
Source: 0000950123-25-006924
Chunk: 360

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-08-04
Form: DRS/A
Chunk 360
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 |   |     |      |  218,932 |   |
| Net (decrease) increase in cash and cash equivalents                                     |     |                           |   (1,382 | ) |     |      |   11,864 |   |
| Cash and cash equivalents - beginning of period                                          |     |                           |   13,284 |   |     |      |   12,869 |   |
| Cash and cash equivalents - end of period                                                |     | $                         |   11,902 |   |     | $    |   24,733 |   |

See accompanying notes to the unaudited condensed consolidated financial statements

<div align='center'>F-45

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, a Delaware limited liability company (“Devon”), entered into a Contribution Agreement, whereby (a) Holdings contributed all of its equity interests in its wholly owned subsidiaries, including NDB Intermediate Holdings LLC, a Delaware limited liability company (“Intermediate Holdings”), and (b) Devon contributed all of its equity interests in Stateline Water, LLC, an Oklahoma limited liability company