Company: WBI
Filing Date: 2025-08-22
Form Type: S-1
Source: 0000950170-25-111048
Chunk: 155

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-08-22
Form: S-1
Chunk 155
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 landowner royalty expenses of $1.4 million related to lower produced water handling volumes. Workover activities related to well subsurface maintenance decreased $1.7 million and brackish water operating expenses decreased $3.0 million related to lower brackish water sales. These cost reductions were partially offset by an increase of $0.8 million in insurance expense. Depreciation, amortization and accretion. Depreciation, amortization and accretion expense increased $9.0 million for the year ended December 31, 2024 compared to the year ended December 31, 2023 primarily attributable to revisions in estimated useful life for plugged and abandoned wells during the year ended December 31, 2024.

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|                                                                        |     | Year Ended December 31, |   2024 |     |     |    2023 |   |     | Amount of 
 Increase  | (Decrease) |     | Percentage | Change |    |
|:-----------------------------------------------------------------------|:----|:------------------------|-------:|:----|:----|--------:|:--|:----|:----------|-----------:|:----|:-----------|-------:|:---|
| General and administrative expense, excluding share-based compensation |     |                         | 27,744 |     |     |  23,932 |   |     |           |      3,812 |     |            |     16 | %  |
| Share-based compensation                                               |     |                         |  6,801 |     |     | (12,010 | ) |     |           |     18,811 |     |            |   (157 | )% |
| Total general and administrative expense                               |     |                         | 34,545 |     |     |  11,922 |   |     |           |     22,623 |     |            |    190 | %  |

General and administrative expense. General and administrative expense, excluding share-based compensation expense, increased by $3.8 million for the year ended December 31, 2024, compared to the year ended December 31, 2023. The increase was primarily attributable to higher professional fees of $3.3 million related to modifications of our credit agreements and non-recurring litigation and $1.2 million in bad debt reserve related to an uncollectible customer account, partially offset by an increase in net corporate shared service costs