Company: WBI
Filing Date: 2025-08-22
Form Type: S-1
Source: 0000950170-25-111048
Chunk: 365

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-08-22
Form: S-1
Chunk 365
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 and equipment. As of December 31, 2024, the Company received $1.5 million of insurance proceeds for replacement cost of the damaged facility, which offsets the $1.0 million loss recognized on the damaged facility written off during 2023. 6. Intangible Assets Intangible assets, net of accumulated amortization, consisted of the following:

|                                |     | December 31, |    2024 |   |     |   |   2023 |   |
|:-------------------------------|:----|:-------------|--------:|:--|:----|:--|-------:|:--|
| Customer Contracts             |     | $            | 104,403 |   |     | $ |  4,637 |   |
| Less: Accumulated Amortization |     |              |  (5,814 | ) |     |   | (1,035 | ) |
| Total Intangible Assets, Net   |     | $            |  98,589 |   |     | $ |  3,602 |   |

On May 10, 2024, the Company acquired customer contracts as part of an acquisition of produced water and supply water assets in Loving and Winkler Counties, Texas and Lea County, New Mexico. The purchase consideration attributable to the customer contracts was approximately $99.8 million, which will be amortized over a term of 15 years. The Company recognized $4.8 million and $0.3 million in amortization expense on definite-lived intangibles related to customer contracts for the years ended December 31, 2024 and 2023, respectively. The remaining weighted average amortization period for definite lived intangible assets was 14.2 years and 10.4 years as of December 31, 2024 and 2023, respectively. Future amortization expense related to such intangibles for the next five years and thereafter as of December 31, 2024 is as follows:

|            |     | Amortization 
 Expense      |        |
|:-----------|:----|:-------------|-------:|
| 2025       |     | $            |  6,996 |
| 2026       |     |              |  6,996 |
| 2027       |     |              |  6,996 |
| 2028       |     |              |  6,996 |
| 2029