Company: WBI
Filing Date: 2025-09-08
Form Type: S-1/A
Source: 0000950170-25-113383
Chunk: 169

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-08
Form: S-1/A
Chunk 169
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.69 |     | $ |    0.67 |     | $         |       0.02 |     |            |      3 | % |
| Skim oil revenues (1)                  |                          | $                       |    0.08 |     | $ |    0.07 |     | $         |       0.01 |     |            |     14 | % |
| Total produced water handling revenues |                          | $                       |    0.77 |     | $ |    0.74 |     | $         |       0.03 |     |            |      4 | % |

(1) Skim oil realization is calculated as skim oil revenue divided by produced water handling volumes. Produced water handling revenues increased $100.1 million for the year ended December 31, 2024 as compared with the year ended December 31, 2023 primarily due to: • an increase of $77.4 million due to a 315 MBbl/d volume increase, driven primarily by higher completion activity and our strategic partnership formed with Devon in May 2023; • an increase of $9.8 million related to higher prices for produced water volumes handled; and • an increase of $12.8 million in skim oil revenues primarily due to increased produced water handling volume, skim recoveries per barrel of water handled, and slightly higher realized prices. Water Solutions Revenues Water solutions revenues increased $14.6 million for the year ended December 31, 2024 as compared with the year ended December 31, 2023 primarily due to: • an increase of $3.3 million primarily due to a 36 MBbl/d recycled water volume increase related to increased upstream drilling and completion activity and $4.6 million related to higher prices for recycled produced water; and • an increase of $6.7 million due to a 26 MBbl/d brackish water volume increase related to brackish water supply assets acquired in May 2024. Other Revenues. Other revenue increased $0.8 million for the year ended December 31, 2024, as compared to the year ended December 31, 2023 primarily due to a decrease in crude transportation revenues of $1.1 million related to lower volume transported, partially offset by $0.3 million related to higher prices for crude transportation services. Direct Operating Costs. Direct operating costs increased $52.5 million for the year ended December 31, 202