Company: WBI
Filing Date: 2025-09-18
Form Type: 424B4
Source: 0001193125-25-206805
Chunk: 476

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-18
Form: 424B4
Chunk 476
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 472 |   |
| Income tax expense                            |     |   |          (50 | ) |     |   |            - |   |
| NET INCOME                                    |     | $ |        1,017 |   |     | $ |          472 |   |

The Notes to the Consolidated Financial Statements are an integral part of these statements.

<div align='center'>F-111</div>

Desert Environmental LLC and Subsidiaries Consolidated Statements of Ch anges in Member’s Equity (in thousands)

|                               |     | Member's 
 Equity   |        |   |
|:------------------------------|:----|:---------|-------:|:--|
| Balance, at January 1, 2023   |     | $        |  4,649 |   |
| Contributions from member     |     |          | 15,997 |   |
| Deemed non-cash contributions |     |          |     83 |   |
| Net income                    |     |          |    472 |   |
| Balance, at December 31, 2023 |     |          | 21,201 |   |
| Contributions from member     |     |          |  5,714 |   |
| Deemed non-cash contributions |     |          |     73 |   |
| Distributions to member       |     |          |     (1 | ) |
| Net income                    |     |          |  1,017 |   |
| Balance, at December 31, 2024 |     | $        | 28,004 |   |

The Notes to the Consolidated Financial Statements are an integral part of these statements.

<div align='center'>F-112</div>

Desert Environmental LLC and Subsidiaries Consolidated Stateme nts of Cash Flows (in thousands)

|                                                                                  |   |   Year Ended 
 December 31, 
         2024 |   |     |   |   Year Ended 
 December 31, 
         2023 |   |
|:---------------------------------------------------------------------------------|:--|-------------:|:--|:----|:--|-------------:|:--|
| CASH FLOWS FROM OPERATING ACTIVITIES                                             |   |              |   |     |   |              |   |
| Net income                                                                       | $ |        1,017 |   |     | $ |          472 |   |
| Adjustments to reconcile net income to net