Company: WBI
Filing Date: 2025-09-18
Form Type: 424B4
Source: 0001193125-25-206805
Chunk: 398

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-18
Form: 424B4
Chunk 398
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21,864 |
| Asset retirement obligation additions                            |     | $                         |    650 |     | $    |    319 |

<div align='center'>F-51

WaterBridge NDB Operating LLC and Subsidiaries

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

4. Property, Plant and Equipment As of June 30, 2025 and December 31, 2024, property, plant and equipment, net of accumulated depreciation consisted of the following:

|                                                               |     |   |  June 30, 
      2025 |   |     |   | December 31, 
         2024 |   |
|:--------------------------------------------------------------|:----|:--|----------:|:--|:----|:--|-------------:|:--|
| Wells, pipelines, facilities, ponds and related equipment     |     | $ | 1,221,199 |   |     | $ |    1,092,412 |   |
| Brackish water wells, facilities, ponds and related equipment |     |   |    23,761 |   |     |   |       23,577 |   |
| Crude pipelines, related equipment and other                  |     |   |         - |   |     |   |       35,129 |   |
| Buildings, vehicles, equipment, furniture and other           |     |   |    34,885 |   |     |   |       28,016 |   |
| Land                                                          |     |   |     5,013 |   |     |   |        4,558 |   |
| Construction in progress                                      |     |   |    88,700 |   |     |   |       58,702 |   |
|                                                               |     |   | 1,373,558 |   |     |   |    1,242,394 |   |
| Less:  Accumulated depreciation and amortization              |     |   |  (173,529 | ) |     |   |     (141,353 | ) |
| Total property, plant and equipment, net                      |     | $ | 1,200,029 |   |     | $ |    1,101,041 |   |

Depreciation expense was $18.5 million and $16.0 million for the three months ended June 30, 2025 and 2024, respectively