Company: WBI
Filing Date: 2025-09-18
Form Type: 424B4
Source: 0001193125-25-206805
Chunk: 489

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-18
Form: 424B4
Chunk 489
---
 Related party receivable      |     |      |     - |     |      |   2 |
| Accounts Payable - Related Party    |     |                               |     |      |       |     |      |     |
| Shared Services Agreement           |     | Related party payable         |     | $    |   189 |     | $    | 220 |
| Affiliate Facility Access Agreement |     | Related party payable         |     |      |   195 |     |      |  57 |

|                                     |     |                    |     |   |   Year ended 
 December 31, 
         2024 |     |   |   Year ended 
 December 31, 
         2023 |
|:------------------------------------|:----|:-------------------|:----|:--|-------------:|:----|:--|-------------:|
| Revenues - Related Party            |     |                    |     |   |              |     |   |              |
| Customer Agreement                  |     | Operating revenues |     | $ |        6,008 |     | $ |        2,462 |
| Operating Expenses - Related Party  |     |                    |     |   |              |     |   |              |
| Affiliate Facility Access Agreement |     | Operating expenses |     | $ |        1,784 |     | $ |          683 |

<div align='center'>F-121

Desert Environmental LLC and Subsidiaries

Notes to Consolidated Financial Statements</div>

Shared Services Agreement

The Company has a services agreement with certain affiliates, pursuant to which it receives common management and general, administrative, overhead, and operating services in support of the Company’s operations and development activities. The Company is required to reimburse all fees incurred by it that are necessary to perform services under the agreement. For shared services, the basis of allocation is an approximation of time spent on activities supporting the Company. For shared costs paid on behalf of the Company, the costs are directly allocated to it based on its pro rata share of the expenses. For the years ended December 31, 2024 and 2023, the Company paid approximately $2.4 million and $4.9 million for the shared services and direct cost reimbursements, respectively.

Equity Sponsor Services Agreement

Five Point Energy LLC (“FPE”), an affiliate of Five Point Energy Fund III LP, invoices the Company, and the Company reimburses FPE in cash, for expenses associated with the Company’s