Company: WBI
Filing Date: 2025-09-15
Form Type: S-1/A
Source: 0001193125-25-202719
Chunk: 160

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-15
Form: S-1/A
Chunk 160
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 units are borne solely by WaterBridge Resources and WaterBridge II and not by us. Distributions attributable to the incentive units are based on returns received by the investors of such entities once certain return thresholds have been met and are neither our obligation nor taken into consideration for distributions to our investors. See Note 11— Share-Based Compensation within the notes to the WBEF consolidated financial statements included elsewhere in this prospectus. Other operating expense, net. Other operating expense, net decreased $2.8 million for the year ended December 31, 2024 compared to the year ended December 31, 2023 primarily attributable to lower casualty losses of $3.1 million associated with lightning strikes at produced water handling facilities during the year ended December 31, 2023. Gain on derivative instrument. Gain on derivative instrument decreased $4.6 million for the year ended December 31, 2024 compared to the year ended December 31, 2023 attributable to the redemption of the Series A-1 preferred units containing redemption features that required separate accounting as an embedded derivatives. See Note 2— Summary of Significant Accounting Polices and Note 10— Mezzanine Equity within the notes to the WBEF consolidated financial statements included elsewhere in this prospectus.

|                                       |     | Year End December 31, |    2024 |   |     |   |    2023 |   |     | Amount of 
 Increase  | (Decrease) |   |     | Percentage | Change |   |
|:--------------------------------------|:----|:----------------------|--------:|:--|:----|:--|--------:|:--|:----|:----------|-----------:|:--|:----|:-----------|-------:|:--|
| Interest expense on credit facilities |     | $                     | 121,112 |   |     | $ | 113,449 |   |     | $         |      7,663 |   |     |            |      7 | % |
| Amortization of debt issuance costs   |     |                       |  13,346 |   |     |   |   9,232 |   |     |           |      4,114 |   |     |            |     45 | % |
| Commitment fees                       |     |                       |     477 |   |     |   |     370 |   |     |           |        107 |   |     |            |