Company: WBI
Filing Date: 2025-09-15
Form Type: S-1/A
Source: 0001193125-25-202719
Chunk: 156

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-15
Form: S-1/A
Chunk 156
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 |     |                           | (2,664 | ) |     |   |      - |   |     |           |     (2,664 | ) |     |            |    100 | %  |
| Total interest expense, net               |     | $                         | 54,341 |   |     | $ | 73,149 |   |     | $         |    (18,808 | ) |     |            |    (26 | )% |

Interest expense, net. Interest expense, net decreased $18.8 million for the six months ended June 30, 2025 as compared with the six months ended June 30, 2024. The decrease is primarily attributable to lower SOFR interest rate associated with the WBM Term Loan of $11.7 million, debt issuance costs write-off of $3.9 million related to a repricing amendment completed in June 2024, $2.7 million of capitalized interest related to a large, non-operated produced water infrastructure project. Additionally, the write-off of debt issuance cost related to the WBM Term Loan amendment results in lower debt issuance costs amortization of $0.5 million for the six months ended June 30, 2025 as compared with six months ended June 30, 2024.

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Year Ended December 31, 2024 Compared to the Year Ended December 31, 2023 WaterBridge Equity Finance LLC

| (in thousands)                           |     | Year Ended December 31, 
 2024                    |         |   |     | 2023 |         |   |     | Amount of  
 Increase   
 (Decrease) |         |   |     | Percentage 
 Change     |       |    |
|:-----------------------------------------|:----|:------------------------|--------:|:--|:----|:-----|--------:|:--|:----|:-----------|--------:|:--|:----|:-----------|------:|:---|
| Revenues:                                |     |                         |         |   |     |      |         |   |     |            |         |   |     |            |       |    |
| Produced water handling                  |     | $                       | 316,235 |   |     | $    | 336,556 |   |     | $          | (20,321 | ) |     |            |    (6 | )% |
|