Company: WBI
Filing Date: 2025-09-15
Form Type: S-1/A
Source: 0001193125-25-202719
Chunk: 502

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-15
Form: S-1/A
Chunk 502
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):

|                                     |     | Financial Statements Location |     |   | June 30, 2025 |     |   | December 31, 2024 |
|:------------------------------------|:----|:------------------------------|:----|:--|--------------:|:----|:--|------------------:|
| Accounts Receivable - Related Party |     |                               |     |   |               |     |   |                   |
| Customer Agreement                  |     | Related party receivable      |     | $ |         1,346 |     | $ |             1,523 |
| Accounts Payable - Related Party    |     |                               |     |   |               |     |   |                   |
| Shared Services Agreement           |     | Related party payable         |     | $ |           205 |     | $ |               189 |
| Affiliate Facility Access Agreement |     | Related party payable         |     |   |           166 |     |   |               195 |

|                                     |     |                    |     |   |  Period ended 
 June 30, 2025 |     |   |  Period ended 
 June 30, 2024 |
|:------------------------------------|:----|:-------------------|:----|:--|--------------:|:----|:--|--------------:|
| Revenues - Related Party            |     |                    |     |   |               |     |   |               |
| Customer Agreement                  |     | Operating revenues |     | $ |         5,041 |     | $ |         2,690 |
| Operating Expenses - Related Party  |     |                    |     |   |               |     |   |               |
| Affiliate Facility Access Agreement |     | Operating expenses |     | $ |         1,685 |     | $ |           367 |

<div align='center'>F-132

Desert Environmental LLC and Subsidiaries

Notes to the Unaudited Condensed Consolidated Financial Statements</div>

Shared Services Agreement

The Company has a services agreement with certain affiliates, pursuant to which it receives common management and general, administrative, overhead, and operating services in support of the Company’s operations and development activities. The Company is required to reimburse all fees incurred by it that are necessary to perform services under the agreement. For shared services, the basis of allocation is an approximation of time spent on activities supporting the Company. For shared costs paid on behalf of the Company, the costs are directly allocated