Company: WBI
Filing Date: 2025-08-22
Form Type: S-1
Source: 0000950170-25-111048
Chunk: 169

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-08-22
Form: S-1
Chunk 169
---
 See “—Debt Instruments” for more information. We strive to maintain financial flexibility and proactively monitor potential capital sources, including equity and debt financing, to meet our target liquidity and capital requirements. If market conditions were to change and our revenues were to decline significantly or operating costs were to increase significantly, our cash flows and liquidity could be reduced and we could be required to seek alternative financing sources. As of June 30, 2025, on a pro forma basis, we had a surplus in working capital, defined as current assets less current liabilities, of $39.3 million, and cash and cash equivalents of $35.2 million. As of June 30, 2025, on a pro forma, as adjusted, basis, we had a surplus in working capital of $171.4 million and cash and cash equivalents of $164.2 million. Cash Flows The following table shows cash flows from operating activities, investing activities and financing activities for the stated periods for our predecessors: Six Months Ended June 30, 2025 Compared to the Six Months Ended June 30, 2024

| (in thousands)                                       
 Consolidated Statement of Cash Flow Data:            |     | WBEF             
 Six Months Ended 
 June 30,         
 2025             
 (unaudited)      |         |   |     | 2024 |         |   |     | Amount of  
 Increase   
 (Decrease) |         |   |     | Percentage 
 Change     |     |    |     | NDB Operating    
 Six Months Ended 
 June 30,         
 2025             
 (unaudited)      |          |   |     | 2024 |          |   |     | Amount of  
 Increase   
 (Decrease) |          |   |     | Percentage 
 Change     |      |    |
|:-----------------------------------------------------|:----|:-----------------|--------:|:--|:----|:-----|--------:|:--|:----|:-----------|--------:|:--|:----|:-----------|----:|:---|:----|:-----------------|---------:|:--|:----|:-----|---------:|:--|:----|:-----------|---------:|:--|:----|:-----------|-----:|:---|
| Net cash provided by operating activities            |     | $                |  27,981 |   |     | $    |   5,837