Company: WBI
Filing Date: 2025-04-18
Form Type: DRS
Source: 0000950123-25-003575
Chunk: 28

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-04-18
Form: DRS
Chunk 28
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ilitate Growing Water Demand from New Industries . Although our core focus is to best serve our existing customer base of E&P companies, we regularly explore opportunities to expand our operations to serve customers outside the oil and natural gas industry. While these opportunities are not immediately actionable, we believe that they are potential examples of uses for produced water that are likely to become economically attractive for water management companies.

One such example is the water needs in power generation, particularly for combined cycle gas turbines (“CCGT”) that are common in power plants. It is estimated that for every 100 megawatts of power generation using CCGT, approximately 18.0 million barrels of water are required annually. Additionally, it is estimated that for every 100 megawatts of power demand associated with digital infrastructure, approximately 1.5 million barrels of water are required annually. As a result, both power generation and data center operations will require access to substantial, reliable water management solutions. We believe that our access to water supply and our experience and expertise in water management positions us to develop systems to effectively serve this growing market need.

#### WaterBridge Combination
Prior to our Corporate Reorganization, certain of the direct and indirect equity owners of WBEF and NDB Midstream intend to undertake certain transactions to combine the businesses and operations of WBEF and NDB Midstream under OpCo and simplify OpCo’s organizational structure in anticipation of this offering. These transactions are collectively referred to in this prospectus as the “WaterBridge Combination.”

Pursuant to the WaterBridge Combination, we expect each of the following transactions to occur:

all of the existing equityholders of WB 892 LLC, a holder of equity interests in WBEF (“WB 892”), other than Ashburton Investment Pte Ltd., an affiliate of GIC, Singapore’s sovereign wealth fund (“GIC”), will contribute all of their respective equity interests in WB 892 to WBR Aggregator in exchange for newly issued common units in WBR Aggregator;

all of the existing equity holders of WBEF (other than WB 892 and the Legacy Preferred Holder) will contribute all of their respective equity interests in WBEF to WBR Aggregator in exchange for newly issued common units in WBR Aggregator such that, immediately following such contributions, WBR Aggregator will directly or indirectly own all of the outstanding equity interests in WB 892 and WBEF other than (i) the equity interests in WB 892 held by GIC and (ii) the WBEF Preferred Units