Company: WBI
Filing Date: 2025-09-18
Form Type: 424B4
Source: 0001193125-25-206805
Chunk: 483

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-18
Form: 424B4
Chunk 483
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Depreciation expense for the years ended December 31, 2024 and 2023 was $1.8 million and $470 thousand, respectively. Depletion expense for the years ended December 31, 2024 and 2023 was $2.3 million and $0. Note 4. Asset Retirement Obligation The following table summarizes the Company’s ARO activity for the year ended December 31, 2024:

|                   |     |   | December 31, 2024 |
|:------------------|:----|:--|------------------:|
| Beginning balance |     | $ |                 - |
| Additions         |     |   |             1,649 |
| Accretion expense |     |   |               170 |
| Ending balance    |     | $ |             1,819 |

Accretion expense incurred during 2024 is included in depreciation, depletion and accretion expense within the consolidated statements of operations. For the year ended December 31, 2023, the landfills were not yet operational, as such, no asset retirement obligation was recorded as of December 31, 2023.

<div align='center'>F-118

Desert Environmental LLC and Subsidiaries

Notes to Consolidated Financial Statements</div>

Note 5. Debt Total debt consisted of the following at December 31, 2024 and 2023:

|                                                  |     |   |   2024 |   |     |   |  2023 |   |
|:-------------------------------------------------|:----|:--|-------:|:--|:----|:--|------:|:--|
| Term loan                                        |     | $ | 10,000 |   |     | $ | 4,000 |   |
| Insurance note payable                           |     |   |    527 |   |     |   |     - |   |
| Less unamortized debt issuance costs             |     |   |   (242 | ) |     |   |  (281 | ) |
| Total debt, net                                  |     | $ | 10,285 |   |     | $ | 3,719 |   |
| Less current portion                             |     |   | (2,527 | ) |     |   |     - |   |
| Total long-term debt, net of debt issuance costs |     | $ |  7,758 |   |     |