Property, Plant and Equipment

9 Months Ended

Sep. 30, 2025

Sep. 16, 2025

Property, Plant and Equipment [Line Items]

4. Property, Plant and Equipment

As of September 30, 2025 and December 31, 2024, property, plant and equipment, net of accumulated depreciation, depletion, and amortization consisted of the following:


	September 30, 2025			December 31, 2024
Wells, pipelines, facilities, ponds and related equipment	$	2,067,613		$	1,092,412
Brackish water wells, facilities, ponds and related equipment		38,842			23,577
Crude and gas pipelines, related equipment and other		35,175			35,129
Buildings, vehicles, equipment, furniture and other		110,802			28,016
Waste facilities and related equipment		28,751			-
Land		16,985			4,558
Construction in progress		100,345			58,702
		2,398,513			1,242,394
Less: Accumulated depreciation, depletion, and amortization		(197,289	)		(141,353	)
Total property, plant and equipment, net	$	2,201,224		$	1,101,041

Depreciation expense was $23.3 million and $17.5 million for the three months ended September 30, 2025 and 2024, respectively, and $60.3 million and $51.6 million for the nine months ended September 30, 2025 and 2024, respectively.

On March 13, 2025, the Company sold its crude gathering and transportation assets to a third party for $19.6 million, resulting in a loss from the sale of assets of $11.7 million.

WBEF

Property, Plant and Equipment [Line Items]

Property, Plant and Equipment

4. Property, Plant and Equipment

Property, plant and equipment, net of accumulated depreciation consisted of the following:


	December 31, 2024
Wells, pipelines, facilities, ponds and related equipment	$	1,606,123
Brackish water wells, facilities, ponds and related equipment		71,852
Buildings, vehicles, equipment, furniture and other		41,439
Land (1)		9,693
Construction in progress		17,619
		1,746,726
Less: Accumulated depreciation		(519,805	)
Total property, plant and equipment, net	$	1,226,921

(1)

Includes land improvement costs of $0.6 million as of December 31, 2024.

Depreciation expense was $20.5 million and $23.9 million for the period July 1, 2025 through September 16, 2025 and for the three months ended September 30, 2024, respectively, and $72.3 million and $71.8 million for the period January 1, 2025 through September 16, 2025 and for the nine months ended September 30, 2024, respectively.

WaterBridge Infrastructure LLC 10-Q