SCHEDULE: Elda River Entities Disclose 8% Stake in WaterBridge

Elda River Infrastructure WB LLC and Elda River Capital Management, LLC have jointly reported an 8.0% beneficial ownership stake in WaterBridge Infrastructure LLC's Class A shares.

Summary

• Elda River Infrastructure WB LLC and Elda River Capital Management, LLC have filed a Schedule 13G, disclosing their beneficial ownership in WaterBridge Infrastructure LLC.
• The filing reports an aggregate beneficial ownership of 3,750,000 Class A shares, representing 8.0% of the class.
• These shares are issuable upon the redemption of an equal number of units representing limited liability company interests in WBI Operating LLC ("OpCo Units") and the cancellation of an equivalent number of the Issuer's Class B shares.
• The percentage of class is calculated based on 43,264,850 Class A shares outstanding after the Issuer's initial public offering, plus the 3,750,000 Class A shares held by the Reporting Persons.
• Both reporting persons hold sole voting and dispositive power over the 3,750,000 shares.
• The event requiring this filing occurred on September 30, 2025.

Sentiment

Score: 7

Explanation: The disclosure of an 8.0% beneficial ownership stake by a reputable investment firm like Elda River suggests a positive view on WaterBridge Infrastructure LLC's value and future prospects, indicating investor confidence.

Positives

• A significant 8.0% ownership stake by Elda River entities indicates strong investor confidence in WaterBridge Infrastructure LLC.
• The conversion mechanism from OpCo Units and Class B shares to Class A shares suggests a structured investment with potential for future liquidity or strategic influence.

Negatives

• NA

Risks

• The filing itself does not detail specific risks related to WaterBridge Infrastructure LLC's operations or financial health. It is a disclosure of beneficial ownership.

Future Outlook

The filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding WaterBridge Infrastructure LLC's future operations or financial performance.

Management Comments

• This Statement shall not be deemed an admission of beneficial ownership for purposes of Section 13(d) or Section 13(g) or for any other purpose.

Industry Context

This Schedule 13G filing indicates a significant investment by Elda River entities in WaterBridge Infrastructure LLC, a company likely involved in infrastructure, potentially in the energy or water sectors given the name. Such a substantial stake by an investment firm suggests confidence in the company's long-term prospects within its industry, though the filing itself does not provide specific industry analysis.

Comparison to Industry Standards

• NA. This filing is a disclosure of beneficial ownership and does not contain operational or financial results that can be compared to industry benchmarks or specific comparable companies or projects.

Stakeholder Impact

• Shareholders: The disclosure of a significant 8.0% stake by Elda River entities could be viewed positively, signaling institutional confidence and potentially attracting further investor interest.
• Management: The presence of a large institutional investor may lead to increased scrutiny or engagement regarding corporate strategy and performance.
• Employees, Customers, Suppliers, Creditors: The filing itself has no direct immediate impact on these stakeholders, as it pertains to ownership structure rather than operational changes or financial health.

Next Steps

• WaterBridge Infrastructure LLC will continue its operations.
• Elda River Infrastructure WB LLC and Elda River Capital Management, LLC will continue to hold their beneficial ownership, with potential for future adjustments or further disclosures if their stake changes significantly.

Key Dates

Recommendation

The filing indicates a significant institutional investment in WaterBridge Infrastructure LLC, which is generally a positive signal of confidence. However, as a Schedule 13G, it only discloses ownership and does not provide new financial or operational data to warrant a 'buy' or 'sell' recommendation. Investors should 'hold' and await further operational or financial updates from WaterBridge Infrastructure LLC to make a more informed decision, while acknowledging the positive signal of this substantial stake.

Keywords

WaterBridge Infrastructure, Elda River Infrastructure, Elda River Capital Management, Schedule 13G, Beneficial Ownership, Class A shares, Limited Liability Company Interests, WBI Operating LLC, OpCo Units, SEC filing, Investment, Stakeholder