Company: WBI
Filing Date: 2025-08-22
Form Type: S-1
Source: 0000950170-25-111048
Chunk: 157

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-08-22
Form: S-1
Chunk 157
---
  (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'>103</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 to the most comparable GAAP measures. The table below provides operational and financial data related to skim oil volumes recovered for the periods indicated.

|                                     |     | Three Months Ended June 30, |       |   |     |      |       |   |     | Amount of 
 Increase  |        |   |     | Percentage |     |    |
|                                     |     |                        2025 |       |   |     | 2024 |       |   |     | -Decrease |        |   |     | Change     |     |    |
| Skim oil volumes (Bbl/d)            |     |                             | 1,650 |   |     |      |   860 |   |     |           |    790 |   |     |            |  92 | %  |
| Skim oil realization (1)            |     |                             |  0.14 | % |     |      |  0.09 | % |     |           |   0.05 | % |     |            |  56 | %  |
| Skim oil realized price ($/Bbl) (2) |     |                           $ | 57.73 |   |     |    $ | 72.22 |   |     | $         | (14.49 | ) |     |            | (20 | )% |

(1) Skim oil realization is calculated as skim oil revenue divided by produced water handling volumes. (2) Realized skim oil pricing is net of certain industry customary deductions. Revenues Produced Water Handling Revenues The table below provides financial data by produced water handling revenue stream and related unit prices for the periods indicated.

|                                        | Revenues (in thousands): | Three Months Ended June 30, |   2025 |     |   |   2024 |