Company: WBI
Filing Date: 2025-04-18
Form Type: DRS
Source: 0000950123-25-003575
Chunk: 267

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-04-18
Form: DRS
Chunk 267
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 water.Water that comes out of an oil and natural gas well with the crude oil during crude oil production.

Produced water handling facilities.Facilities employed for the treatment, handling and disposal of produced water into an underground formation.

Skim oil.Oil recovered as a byproduct of the produced water from a well during E&P operations.

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INDEX TO CONSOLIDA TED FINANCIAL STATEMENTS WaterBridge Infrastructure LLC

| Audited Balance Sheet                                                        
 Report of Independent Registered Public Accounting Firm (PCAOB ID Number 34) 
 Balance Sheet as of April 11, 2025                                           | F-2 
 F-3 |
|:-----------------------------------------------------------------------------|:----|
| Notes to Balance Sheet                                                       | F-4 |

| Unaudited Pro Forma Condensed Consolidated Financial Statements                                         
 Introduction                                                                                            
 Unaudited Pro Forma Condensed Consolidated Balance Sheet as of December 31, 2024                        
 Unaudited Pro Forma Condensed Consolidated Statement of Operations for the Year Ended December 31, 2024 | F-5 
 F-7 
 F-8 |
|:--------------------------------------------------------------------------------------------------------|:----|
| Notes to the Unaudited Pro Forma Condensed Consolidated Financial Statements                            | F-9 |

WATERBRIDGE NDB OPERATING LLC

| Audited Consolidated Financial Statements                                                            
 Report of Independent Registered Public Accounting Firm (PCAOB ID Number 34)                         
 Consolidated Balance Sheets as of December 31, 2024 and 2023                                         
 Consolidated Statements of Operations for the Years Ended December 31, 2024 and 2023                 | F-12 
 F-13 
 F-14 |
|:-----------------------------------------------------------------------------------------------------|:-----|
| Consolidated Statements of Changes in Member’s Equity for the Years Ended December 31, 2024 and 2023 | F-15 |
| Consolidated Statements of Cash Flows for the Years Ended December 31, 2024 and 2023                 | F-16 |
| Notes to the Consolidated Financial Statements                                                       | F-17 |

WATERBRIDGE EQUITY FINANCE LLC

| Audited Consolidated Financial Statements                                                                                 
 Report of Independent Registered Public Accounting Firm (PCAOB ID Number 34)                                              
 Consolidated Balance Sheets as of December 31, 2024 and 2023                                                              
 Consolidated Statements of Operations for the Years Ended December 31, 2024 and 202