Company: WBI
Filing Date: 2025-09-15
Form Type: S-1/A
Source: 0001193125-25-202719
Chunk: 151

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-15
Form: S-1/A
Chunk 151
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 three months ended June 30, 2025 as compared with the three months ended June 30, 2024 primarily due to higher gas volume transported. Direct Operating Costs. Direct operating costs increased $1.8 million, or $0.02 per barrel, for the three months ended June 30, 2025 as compared with the three months ended June 30, 2024. The increase is primarily attributable to workover expense of $0.7 million related to wellbore maintenance and integrity activities, waste disposal of $0.6 million associated with treated recycled produced water volumes, brackish water sourcing costs of $0.3 million and temporary third party offload expenses of $0.2 million.

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Depreciation, amortization and accretion. Depreciation, amortization and accretion expense increased $4.3 million for the three months ended June 30, 2025 compared to the three months ended June 30, 2024, primarily attributable to accelerated depreciation related to plugging and abandonment of a well and associated facilities during the three months ended June 30, 2025.

|                                                                        |     | Three Months Ended June 30, |   2025 |     |   |   2024 |     | Amount of 
 Increase  | (Decrease) |   |     | Percentage | Change |    |
|:-----------------------------------------------------------------------|:----|:----------------------------|-------:|:----|:--|-------:|:----|:----------|-----------:|:--|:----|:-----------|-------:|:---|
| General and administrative expense, excluding share-based compensation |     | $                           |  5,477 |     | $ |  9,376 |     | $         |     (3,899 | ) |     |            |    (42 | )% |
| Share-based compensation                                               |     |                             |  5,776 |     |   |    665 |     |           |      5,111 |   |     |            |    769 | %  |
| Total general and administrative expense                               |     | $                           | 11,253 |     | $ | 10,041 |     | $         |      1,212 |   |     |            |     12 | %  |

General and administrative expense. General and administrative expense, excluding share-based compensation expense, decreased by $3