Company: WBI
Filing Date: 2025-09-15
Form Type: S-1/A
Source: 0001193125-25-202719
Chunk: 161

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-15
Form: S-1/A
Chunk 161
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32 
  (5 
  13 
  (2 
  25 | %  
 )% 
 %  
 )% 
 %  |
|:-------------------------------|:----|:----------------------------|------:|:----|:-----|------:|:----|:-----------|------:|:--|:----|:-----------|----:|:---|
| Produced water handling        |     | $                           |  0.81 |     | $    |  0.76 |     | $          |  0.05 |   |     |            |   7 | %  |
| Water solutions                |     | $                           |  0.33 |     | $    |  0.41 |     | $          | (0.08 | ) |     |            | (20 | )% |
| Total revenues (2)             |     | $                           |  0.74 |     | $    |  0.69 |     | $          |  0.05 |   |     |            |   7 | %  |
| Direct operating costs         |     | $                           |  0.38 |     | $    |  0.34 |     | $          |  0.04 |   |     |            |  12 | %  |
| Gross margin (3)               |     | $                           |  0.20 |     | $    |  0.20 |     | $          |     - |   |     |            |   0 | %  |
| Adjusted Operating Margin (4)  |     | $                           |  0.36 |     | $    |  0.38 |     | $          | (0.02 | ) |     |            |  (5 | )% |

(1) Operating metrics ($/Bbl) are calculated independently, and the sum of individual amounts many not equal the total presented due to rounding. (2) Total Revenues ($/Bbl) does not include Other Revenues.

<div align='center'>104</div>

(3) Gross margin in calculated as Total revenues less Total cost of revenues. (4) Adjusted Operating Margin is a non-GAAP financial measure. See “Summary—Summary Historical and Pro Forma Financial Data—Non-GAAP Financial Measures” below for more information regarding these non-GAAP measures and reconciliations