Company: WBI
Filing Date: 2025-06-02
Form Type: DRS/A
Source: 0000950123-25-005943
Chunk: 343

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-06-02
Form: DRS/A
Chunk 343
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, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ Deloitte & Touche LLP

Houston, TX
April 17, 2025

We have served as the Company’s auditor since 2025.

<div align='center'>F-53</div>

WaterBridge Equity Finance LLC and Subsidiaries Consolidated B alance Sheets (in thousands)

| Current assets:                                                                                                                                                                                                                                          |     | December 31, 
 2024         |           |     | 2023 |           |
|:---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:-------------|----------:|:----|:-----|----------:|
| Cash and cash equivalents                                                                                                                                                                                                                                |     | $            |    47,887 |     | $    |    38,042 |
| Accounts receivable, net                                                                                                                                                                                                                                 |     |              |    61,326 |     |      |    73,771 |
| Other receivables                                                                                                                                                                                                                                        |     |              |       991 |     |      |       911 |
| Related party receivables                                                                                                                                                                                                                                |     |              |     8,679 |     |      |     7,427 |
| Prepaid expenses and other current assets                                                                                                                                                                                                                |     |              |     6,754 |     |      |     5,790 |
| Total current assets                                                                                                                                                                                                                                     |     |              |   125,637 |     |      |   125,941 |
| Non-current assets:                                                                                                                                                                                                                                      |     |              |           |     |      |           |
| Property, plant and equipment, net                                                                                                                                                                                                                       |     |              | 1,226,921 |     |      | 1,301,010 |
| Goodwill                                                                                                                                                                                                                                                 |     |              |   169,396 |     |      |   169,396 |
| Intangible assets, net                                                                                                                                                                                                                                   |     |              |    45,331 |     |      |    59,026 |
| Other assets                                                                                                                                                                                                                                             |     |              |    21,991 |     |      |    21,790 |
| Total non-current assets                                                                                                                                                                                                                                 |     |              | 1,463,639 |     |      | 1,551,222 |
| Total assets                                                                                                                                                                                                                                             |     | $            | 1,589,276 |     |