Company: WBI
Filing Date: 2025-06-02
Form Type: DRS/A
Source: 0000950123-25-005943
Chunk: 136

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-06-02
Form: DRS/A
Chunk 136
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 (“ASC 718”). See Note 7—Share-Based Compensation within the notes to the NDB Operating unaudited condensed consolidated financial statements included elsewhere in this prospectus. Any distributions associated with such incentive units are borne solely by WaterBridge NDB LLC 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 an obligation of us nor taken into consideration for distributions to investors in WaterBridge.

Loss on sale of assets.Loss on sale of assets increased primarily due to the sale of crude gathering and transportation assets during the three months ended March 31, 2025 as compared to no such material sales of assets during the three months ended March 31, 2024. See Note 4—Property, Plant and Equipment within the notes to the NDB Operating unaudited condensed consolidated financial statements included elsewhere in this prospectus.

Other operating expense, net. Other operating expense, net increased for the three months ended March 31, 2025 as compared with the three months ended March 31, 2024 primarily due to higher transactions expenses of $0.4 million related to the WaterBridge Combination and $0.4 million in well plugging and abandonment expense.

Interest expense, net.Interest expense, net increased for the three months ended March 31, 2025 as compared with the three months ended March 31, 2024 primarily due to higher total indebtedness on the NDB Term Loan funded in conjunction with the May 2024 acquisition and NDB Revolving Credit Facility proceeds to fund capital expenditures related to the continued expansion of our produced water handling network.

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Year Ended December 31, 2024 Compared to the Year Ended December 31, 2023 WaterBridge NDB Operating LLC

|                                          | (in thousands) | Year Ended December 31, |    2024 |   |     |   |    2023 |   |     | Amount of 
 Increase  | (Decrease) |   |     | Percentage | Change |    |
|:-----------------------------------------|:---------------|:------------------------|--------:|:--|:----|:--|--------:|:--|:----|:----------|-----------:|:--|:----|:-----------|-------:|:---|
| Revenues:                                |                |                         |         |   |     |   |         |   |