Company: WBI
Filing Date: 2025-09-08
Form Type: S-1/A
Source: 0000950170-25-113383
Chunk: 157

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-08
Form: S-1/A
Chunk 157
---
, and an increase of $0.2 million related to higher prices for brackish water; and • an increase of $1.5 million primarily related to higher average price due to higher weighting of treated recycled water sales volumes to untreated recycled water sales volumes. Other revenues. Other revenues increased $0.2 million for the six months ended June 30, 2025 as compared with the six months ended June 30, 2024 primarily due to a slight increase in gas transport volume and rate. Direct Operating Costs. Direct operating costs increased by $2.3 million, or $0.02 per barrel, for the six months ended June 30, 2025 as compared with the six months ended June 30, 2024. The increase is primarily attributable to workover expense of $1.6 million related to wellbore maintenance and integrity activities and treating costs of $0.9 million associated treated recycled produced water volumes. Depreciation, amortization and accretion. Depreciation, amortization and accretion expense increased $3.8 million for the six months ended June 30, 2025 compared to the six 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.

<div align='center'>98</div>

|                                                                        |     | Six Months Ended June 30, 
 2025                      |        |     | 2024 |        |     | Amount of  
 Increase   
 (Decrease) |        |   |     | Percentage 
 Change     |     |    |
|:-----------------------------------------------------------------------|:----|:--------------------------|-------:|:----|:-----|-------:|:----|:-----------|:-------|:--|:----|:-----------|:----|:---|
| General and administrative expense, excluding share-based compensation |     | $                         | 11,543 |     | $    | 15,858 |     | $          | (4,315 | ) |     |            | (27 | )% |
| Share-based compensation                                               |     |                           |  7,397 |     |      |  8,067 |     |            | (670   | ) |     |            | (8  | )% |
| Total general and administrative expense                               |     | $                         | 18,940 |     | $    |