Company: WBI
Filing Date: 2025-04-18
Form Type: DRS
Source: 0000950123-25-003575
Chunk: 332

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-04-18
Form: DRS
Chunk 332
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 Losses In May and September 2023, two of the Company’s produced water handling facilities were struck by lightning resulting in a fire, which damaged the facilities and equipment. As of December 31, 2023, the Company accrued $0.8 million of expected insurance proceeds for replacement cost of the damaged facilities, presented in other receivables on the consolidated balance sheets, which partially offset the $4.4 million loss recognized on the damaged facilities written off during 2023. The resulting net loss of $3.6 million was reflected in operating and maintenance expense in the consolidated statements of operations for the year ended December 31, 2023. As of December 31, 2024, we had $0.3 million remaining in other receivables on the consolidated balance sheets related to expected insurance proceeds. 6. Intangible Assets As of December 31, 2024 and 2023, intangible assets, net of accumulated amortization, consisted of the following:

|                                |     | December 31, |    2024 |   |     |   |    2023 |   |
|:-------------------------------|:----|:-------------|--------:|:--|:----|:--|--------:|:--|
| Customer Contracts             |     | $            | 130,463 |   |     | $ | 133,562 |   |
| Less: Accumulated Amortization |     |              | (85,132 | ) |     |   | (74,536 | ) |
| Total Intangible Assets, Net   |     | $            |  45,331 |   |     | $ |  59,026 |   |

The Company recognized $13.7 million and $14.8 million in amortization expense on definite-lived intangibles related to customer contracts for the years ended December 31, 2024 and 2023, respectively. The remaining weighted average amortization period for definite lived intangible assets was 4.4 years and 5.2 years as of December 31, 2024 and 2023, respectively. Future amortization expense related to such intangibles for the next five years and thereafter as of December 31, 2024 is as follows:

|            |     | Amortization 
 Expense      |        |
|:-----------|:----|:-------------|-------:|
| 2025       |     | $            | 13,567