Company: WBI
Filing Date: 2025-09-18
Form Type: 424B4
Source: 0001193125-25-206805
Chunk: 378

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-18
Form: 424B4
Chunk 378
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041 |   |     | $ |   956,030 |   |

For the years ended December 31, 2024 and 2023, depreciation expense was $70.4 million and $45.8 million, respectively.

<div align='center'>F-33

WaterBridge NDB Operating LLC and Subsidiaries

Notes to the Consolidated Financial Statements</div>

Casualty Losses In May 2024, a produced water handling facility in the North Delaware Basin was damaged due to an electrical fire. As of December 31, 2024, the Company recorded $1.0 million of expected insurance proceeds during the year for replacement cost of the damaged facility, presented in other receivables on the consolidated balance sheets, which fully offsets the $1.0 million loss recognized on the damaged facility written off during the year. In April 2023, a produced water handling facility in the Eagle Ford Basin was struck by lightning resulting in a fire, which damaged a portion of the facility and equipment. As of December 31, 2024, the Company received $1.5 million of insurance proceeds for replacement cost of the damaged facility, which offsets the $1.0 million loss recognized on the damaged facility written off during 2023. 6. Intangible Assets Intangible assets, net of accumulated amortization, consisted of the following:

|                                |     | December 31, |    2024 |   |     |   |   2023 |   |
|:-------------------------------|:----|:-------------|--------:|:--|:----|:--|-------:|:--|
| Customer Contracts             |     | $            | 104,403 |   |     | $ |  4,637 |   |
| Less: Accumulated Amortization |     |              |  (5,814 | ) |     |   | (1,035 | ) |
| Total Intangible Assets, Net   |     | $            |  98,589 |   |     | $ |  3,602 |   |

On May 10, 2024, the Company acquired customer contracts as part of an acquisition of produced water and supply water assets in Loving and Winkler Counties, Texas and Lea County, New Mexico. The purchase consideration attributable to the customer contracts was approximately $99.8 million, which will be amortized over a term of 15 years. The Company recognized $4.8