Company: WBI
Filing Date: 2025-09-08
Form Type: S-1/A
Source: 0000950170-25-113383
Chunk: 388

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-08
Form: S-1/A
Chunk 388
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 both components of an arrangement for all classes of leased assets. Certain of our leases also contain variable payments, such as inflation, that are not included when calculating the right-of-use asset and lease liability unless the payments are in-substance fixed. Lease expense for finance leases is recognized as the sum of the amortization of the right-of-use assets on a straight-line basis and the interest on lease liabilities using the effective interest method over the lease term.

<div align='center'>F-37

WaterBridge NDB Operating LLC and Subsidiaries

Notes to the Consolidated Financial Statements</div>

The following table shows the classification and location of our right-of-use assets and lease liabilities on our consolidated balance sheets:

|                                       |     |                                                                | Consolidated Balance Sheets Location | December 31, |  2024 |     |   |  2023 |
|:--------------------------------------|:----|:---------------------------------------------------------------|:-------------------------------------|:-------------|------:|:----|:--|------:|
| Right-of-use assets-financing         |     | Property, plant and equipment, net of accumulated depreciation |                                      | $            | 4,153 |     | $ | 4,225 |
| Current finance lease liabilities     |     | Other current liabilities                                      |                                      | $            | 1,322 |     | $ | 1,150 |
| Non-current finance lease liabilities |     | Other long-term liabilities                                    |                                      |              | 2,826 |     |   | 2,971 |
| Total lease liabilities               |     |                                                                |                                      | $            | 4,148 |     | $ | 4,121 |

The following table shows the classification and location of our lease costs on our consolidated statements of operations:

|                                     |     |                                          | Consolidated Statements of Operations Location | Year Ended December 31, |  2024 |     |   |  2023 |
|:------------------------------------|:----|:-----------------------------------------|:-----------------------------------------------|:------------------------|------:|:----|:--|------:|
| Finance lease cost:                 |     |                                          |                                                |                         |       |     |   |       |
| Amortization of right-of-use assets |     | Depreciation, amortization and accretion |                                                | $                       | 1,352 |     | $ | 1,044 |
| Interest on lease liabilities       |     | Interest expense, net                    |                                                |                         |