Company: WBI
Filing Date: 2025-08-22
Form Type: S-1
Source: 0000950170-25-111048
Chunk: 129

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-08-22
Form: S-1
Chunk 129
---
 million and, as a result, would decrease or increase (i) both the aggregate ownership interest of the Five Point Members in OpCo and their voting power in us by approximately %, (ii) both the ownership interest of Devon Holdco in OpCo and its voting power in us by approximately % and (iii) both the ownership interest of Elda River in OpCo and its voting power in us by approximately %, in each case assuming that the public offering price of $ per Class A share (the midpoint of the price range set forth on the cover of this prospectus) remains the same and after deducting underwriting discounts and estimated offering expenses payable by us. For example, an increase of one million in the number of Class A shares offered by us in this offering would result in (i) the Five Point Members initially collectively owning approximately % of our combined economic interest and voting power, (ii) Devon Holdco initially owning approximately % of our combined economic interest and voting power and (iii) Elda River initially owning approximately % of our combined economic interest and voting power, and a decrease of one million in the number of Class A shares offered by us in this offering would result in (x) the Five Point Members collectively owning approximately % of our combined economic interest and voting power, (y) Devon Holdco initially owning approximately % of our combined economic interest and voting power and (z) Elda River initially owning approximately % of our combined economic interest and voting power.

<div align='center'>78</div>

### DIVIDEND POLICY
We have not adopted, and we do not expect to adopt, a formal written dividend policy to pay any particular amount of dividends on our Class A shares based on the achievement of, or derivable from, any specific financial metrics. Following the completion of this offering, our board of directors may elect to declare cash dividends on our Class A shares from time to time. However, the declaration and payment of any dividends by us will be made in the sole discretion of our board of directors. Our board of directors has not declared any dividends and may determine not to declare any cash dividends in the future. If our board of directors determines to declare and pay any dividends in the future, the amount of any such dividends may vary from period to period. In determining whether to declare and pay any dividends in the future, our board of directors will take into account:

general economic and business conditions;

our financial condition and results of operations;

our cash flows from operations and current and anticipated cash needs;

our capital