Company: WBI
Filing Date: 2025-09-15
Form Type: S-1/A
Source: 0001193125-25-202719
Chunk: 437

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-15
Form: S-1/A
Chunk 437
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see would have to pay to borrow on a collateralized basis over a similar term to that of the lease term. We have elected the practical expedient to omit leases with an initial term of 12 months or less (“short-term lease”) from recognition on the balance sheet. We recognize short-term lease payments on a straight-line basis over the lease term and variable payments under short-term leases in the period in which the obligation is incurred. Certain of our leases contain non-lease components which are not separated from the lease components when calculating the right-of-use asset and lease liability per our use of the practical expedient to combine 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. We recognize lease expense for operating leases on a straight-line basis over the lease term.

<div align='center'>F-79</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-operating           |     | Other assets                |                                      | $            | 3,313 |     | $ | 2,764 |
| Current operating lease liabilities     |     | Accrued liabilities         |                                      | $            | 1,584 |     | $ | 1,358 |
| Non-current operating lease liabilities |     | Other long-term liabilities |                                      |              | 6,730 |     |   | 6,924 |
| Total lease liabilities                 |     |                             |                                      | $            | 8,314 |     | $ | 8,282 |

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 |
|:-----------------------|:----|:----------------------------------|:-----------------------------------------------|:------------------------|------:|:----|:--|------:|
| Operating lease cost   |     | Operating and maintenance expense