Company: WBI
Filing Date: 2025-08-22
Form Type: S-1
Source: 0000950170-25-111048
Chunk: 445

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-08-22
Form: S-1
Chunk 445
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The Company is a limited liability company classified as a pass-through entity for federal income tax purposes. As a result, the net taxable income of the Company and any related tax credits, for federal income tax purposes, are deemed to pass to the members and are included in their tax returns even though such net taxable income or tax credits may not have actually been distributed.

The Company is subject to Texas margin taxes. We estimate our state tax liability utilizing management estimates related to the deductibility of certain expenses and other factors. We recorded an immaterial amount and $0.1 million in Texas margin tax liability as of June 30, 2025 and December 31, 2024, respectively.

Recent Accounting Pronouncements Not Yet Adopted

In November 2024, the FASB issued ASU 2024-03, Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40). This guidance requires tabular disclosure of specified natural expenses in certain expense captions, a qualitative description of amounts that are not separately disaggregated, and disclosure of the Company's definition and total amount of selling expenses. We plan to adopt this guidance and comply with the disclosure requirements when it becomes mandatorily effective for annual periods beginning after December 15, 2026. We are currently assessing the impact of this standard on our Financial Statements and related disclosures.

<div align='center'>F-95

WaterBridge Equity Finance LLC and Subsidiaries

Notes to the Unaudited Condensed Consolidated Financial Statements</div>

3. Additional Financial Statement Information Other Balance Sheet information is as follows:

|                                         |     |   | June 30, 
     2025 |     |   | December 31, 
         2024 |
|:----------------------------------------|:----|:--|---------:|:----|:--|-------------:|
| Prepaids and other current assets       |     |   |          |     |   |              |
| Prepaid insurance                       |     | $ |    1,248 |     | $ |        4,538 |
| Prepaid deposits                        |     |   |      780 |     |   |          819 |
| Prepaid royalties                       |     |   |      497 |     |   |          109 |
| Debt issuance costs                     |     |   |      470 |     |   |          470 |
| Other                                   |     |   |    1,433 |     |