Company: WBI
Filing Date: 2025-09-18
Form Type: 424B4
Source: 0001193125-25-206805
Chunk: 144

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-18
Form: 424B4
Chunk 144
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 debt as determined in accordance with GAAP to Net Debt.

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|                                                 |     |               WBEF 
 Three Months Ended 
           June 30, 
               2025 |     |      2024 |     | Six Months Ended 
         June 30, 
             2025 |     |      2024 |     |   Year Ended 
 December 31, 
         2024 |     |       2023 |     |      NDB Operating 
 Three Months Ended 
           June 30, 
               2025 |     |     2024 |     | Six Months Ended 
         June 30, 
             2025 |     |     2024 |     |   Year Ended 
 December 31, 
         2024 |     |     2023 |     |        Pro Forma 
 Six Months Ended 
         June 30, 
             2025 |     |   Year Ended 
 December 31, 
         2024 |     | Pro Forma, as adjusted 
       Six Months Ended 
               June 30, 
                   2025 |     |   Year Ended 
 December 31, 
         2024 |
|:------------------------------------------------|:----|-------------------:|:----|----------:|:----|-----------------:|:----|----------:|:----|-------------:|:----|-----------:|:----|-------------------:|:----|---------:|:----|-----------------:|:----|---------:|:----|-------------:|:----|---------:|:----|-----------------:|:----|-------------:|:----|-----------------------:|:----|-------------:|
| (Dollars in thousands, except per barrel data)  |     |                    |     |           |     |                  |     |           |     |              |     |            |     |                    |     |          |     |                  |     |          |     |              |     |          |     |                  |     |              |     |                        |     |              |
| Net (loss) income                               |     |          $(15,607) |     | $(20,065) |     |        $(29,821) |     | $(44,503) |     |    $(76,803) |     |   $(6,339) |     |             $7,125 |     | $(4