Company: WBI
Filing Date: 2025-08-22
Form Type: S-1
Source: 0000950170-25-111048
Chunk: 343

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-08-22
Form: S-1
Chunk 343
---
         |                                        |     |   |            |     |                                                   |           83,987 |   |     |   |           167,971 |   |
| Less: historical depreciation, amortization and accretion expense              |             |         |                                        |     |   |            |     |                                                   |          (59,298 | ) |     |   |          (120,048 | ) |
| Total pro forma adjustment to depreciation, amortization and accretion expense |             |         |                                        |     |   |            |     | $                                                 |           24,689 |   |     | $ |            47,923 |   |

(e) Reflects the elimination of WBEF’s debt issuance cost amortization associated with the WBM Term Loan and the WBM Revolving Credit Facility.

<div align='center'>F-14

WaterBridge Infrastructure LLC

Notes to the Unaudited Pro Forma Condensed Combined Financial Statements</div>

Transaction Accounting Adjustments to Unaudited Pro Forma Condensed Combined Financial Information related to the Acquisition of Desert Environmental in the WaterBridge Combination The Company made the following adjustments and assumptions related to the acquisition of Desert Environmental in the WaterBridge Combination in the preparation of the unaudited pro forma condensed combined balance sheet: (a) Reflects the elimination of related party receivables, related party payables, and accrued liabilities between Desert Environmental and each of NDB Operating and WBEF. (b)

| Purchase Price Allocation - DES                |     |   |         |   |
|:-----------------------------------------------|:----|:--|--------:|:--|
| Book value of net assets acquired              |     | $ |  33,946 |   |
| Fair value adjustments:                        |     |   |         |   |
| Increase in property, plant and equipment      |     |   |   1,731 |   |
| Recognition in intangible assets               |     |   |  49,800 |   |
| Write-off of debt issuance costs               |     |   |    (343 | ) |
| Recognition in goodwill                        |     |   |  52,404 |   |
| Fair value of equity consideration transferred |     | $ | 137,538 |   |

(c) Reflects the elimination of related party revenues and capital expenditures between Desert Environmental and NDB Operating. The Company made the following adjustments and assumptions related to the acquisition of Desert Environmental in the WaterBridge Combination in