Company research
LandBridge Co LLC
CIK 1995807Updated Sep 26, 2026
SecurityLB · NYSE · equity
LB price & chart
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NYSE:LB on TradingView ↗About the company
LandBridge owns or manages more than 350,000 surface acres across Texas and New Mexico, located primarily in the heart of the Delaware sub-region in the Permian Basin, the most active region for oil and gas exploration and development in the United States. LandBridge actively manages its land and resources to support and encourage energy and infrastructure development and other land uses, including digital infrastructure. LandBridge was formed by Five Point Infrastructure LLC, a private equity firm with a track record of investing in and developing energy, environmental water management and sustainable infrastructure companies within the Permian Basin.
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Recent filings
DEF 14C filing
Regulation FD Disclosure · Other Events
Items 7.01, 8.01, 9.01
Regulation FD Disclosure · Other Events
Items 7.01, 8.01, 9.01
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
PRE 14C filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| ASSETS | |||
| AssetsUSD | 1,366,056,000Source | 1,003,474,000Source | 288,949,000Source |
| Property, Plant and Equipment, NetUSD | 1,084,450,000Source | 902,742,000Source | 203,018,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 136,962,000Source | 45,265,000Source | 28,642,000Source |
| Current assets: | |||
| Cash and Cash Equivalents, at Carrying ValueUSD | 30,741,000Source | 37,032,000Source | 37,823,000Source |
| Assets, CurrentUSD | 59,815,000Source | 53,315,000Source | 52,278,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 4,766,000Source | 1,628,000Source | 1,035,000Source |
| Other Assets, NoncurrentUSD | 3,856,000Source | 1,741,000Source | 5,011,000Source |
| LIABILITIES AND EQUITY | |||
| LiabilitiesUSD | 572,071,000Source | 395,408,000Source | 138,202,000Source |
| Stockholders’ equity: | |||
| Retained Earnings (Accumulated Deficit)USD | 23,233,000Source | 3,349,000Source | — |
| Stockholders' Equity Attributable to ParentUSD | 340,302,000Source | 436,012,000Source | — |
| Liabilities and EquityUSD | 1,366,056,000Source | 1,003,474,000Source | 288,949,000Source |
| Current liabilities: | |||
| Liabilities, CurrentUSD | 12,286,000Source | 14,410,000Source | 27,100,000Source |
| Other Liabilities, NoncurrentUSD | 192,000Source | 183,000Source | 2,759,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 453,683,000Source | 172,054,000Source | — |
| Additional Financial Items | |||
| Accrued Liabilities, CurrentUSD | 7,781,000Source | 7,185,000Source | 4,945,000Source |
| Long-term Debt, Current MaturitiesUSD | 692,000Source | 424,000Source | 20,339,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 559,593,000Source | 380,815,000Source | 108,343,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 72,399,000Source | -41,479,000Source | 63,172,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation, Depletion and AmortizationUSD | 11,470,000Source | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 45,319,000Source | 95,335,000Source | -17,230,000Source |
| Changes in operating assets and liabilities: | |||
| Increase (Decrease) in Accounts ReceivableUSD | 6,834,000Source | -2,113,000Source | 1,474,000Source |
| Deferred Income Tax Expense (Benefit)USD | 4,084,000Source | -411,000Source | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 126,273,000Source | 67,636,000Source | 53,042,000Source |
| Cash flows from investing activities: | |||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 229,048,000Source | 723,367,000Source | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -233,074,000Source | -724,352,000Source | -2,772,000Source |
| Cash flows from financing activities: | |||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 5,750,000Source | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 100,510,000Source | 655,925,000Source | -37,798,000Source |
| Dividends paid | — | — | — |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | — | -462,000Source | -404,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -6,291,000Source | -791,000Source | 12,472,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 30,741,000Source | 37,032,000Source | 37,823,000Source |
| Supplemental disclosure of cash flow information: | |||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 26,963,000Source | 19,677,000Source | 5,914,000Source |
| Income Taxes Paid, NetUSD | 8,730,000Source | 385,000Source | 213,000Source |
| Additional Financial Items | |||
| Amortization of Debt Issuance CostsUSD | 2,189,000Source | — | — |
| Amortization of Intangible AssetsUSD | 5,400,000Source | 2,600,000Source | 2,200,000Source |
| DepreciationUSD | 3,289,000Source | 2,600,000Source | 2,400,000Source |
| Depreciation, Amortization and Accretion, NetUSD | — | 8,875,000Source | 8,762,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 11,470,000Source | — | — |
| Gain (Loss) on Disposition of AssetsUSD | — | — | 239,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | -4,416,000Source | — | — |
| Income Tax Expense (Benefit)USD | 9,066,000Source | 1,875,000Source | 370,000Source |
| Net Income (Loss) Attributable to ParentUSD | 30,128,000Source | 5,110,000Source | — |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 42,271,000Source | 288,000Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 29,375,000Source | — | — |
| Other Nonoperating Income (Expense)USD | -4,329,000Source | 241,000Source | 549,000Source |
| Other Operating Income (Expense), NetUSD | -131,000Source | — | — |
| Proceeds from Contributions from AffiliatesUSD | 0Source | 120,000,000Source | — |
| Proceeds from Issuance of Common StockUSD | — | 278,263,000Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Total RevenueUSD | 199,093,000Source | 109,954,000Source | 72,865,000Source |
| Operating Income (Loss)USD | 118,500,000Source | -16,510,000Source | 70,009,000Source |
| Other Nonoperating Income (Expense)USD | -4,329,000Source | 241,000Source | 549,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 81,465,000Source | -39,604,000Source | 63,542,000Source |
| Income Tax Expense (Benefit)USD | 9,066,000Source | 1,875,000Source | 370,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 42,271,000Source | 288,000Source | — |
| Net Income (Loss) Attributable to ParentUSD | 30,128,000Source | 5,110,000Source | — |
| Earnings Per Share, BasicUSD per share | 1.18Source | 0.28Source | — |
| Earnings Per Share, DilutedUSD per share | 0.94Source | 0.07Source | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 24,815,703Source | 17,807,323Source | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 76,542,235Source | 73,370,073Source | — |
| Additional Financial Items | |||
| Amortization of Intangible AssetsUSD | 5,400,000Source | 2,600,000Source | 2,200,000Source |
| Current Income Tax Expense (Benefit)USD | 4,982,000Source | 2,286,000Source | 370,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 11,470,000Source | — | — |
| Interest Income (Expense), NetUSD | -32,706,000Source | -23,335,000Source | -7,016,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 29,375,000Source | — | — |
| Other Cost and Expense, OperatingUSD | 4,518,000Source | 3,174,000Source | 2,740,000Source |
| Other Operating Income (Expense), NetUSD | -131,000Source | — | — |
| Undistributed Earnings (Loss) Allocated to Participating Securities, BasicUSD | 753,000Source | — | — |
Filing attachments
d182157dex991.htm · 8-K · 2026-09-22
Exhibit 99.1 LandBridge Announces Pricing of Upsized $125,000,000 Offering of Additional 6.250% Senior Notes due 2030 September 22, 2026 HOUSTON - (BUSINESS WIRE) - LandBridge Company LLC (NYSE: LB; NYSE Texas: LB) (“LandBridge”) announced today that DBR Land Holdings LLC (the “Issuer”), a subsidiary of LandBridge, has priced its offering (the “Offering”) of $125 million in aggregate principal amount of 6.250% senior notes due 2030 at 99.375% of par (the “New Notes”). The Offering was upsized…
Read attachment ↗d126102dex991.htm · 8-K · 2026-09-22
Exhibit 99.1 LandBridge Announces Launch of $100,000,000 Offering of Additional 6.250% Senior Notes due 2030 September 22, 2026 HOUSTON - (BUSINESS WIRE) - LandBridge Company LLC (NYSE: LB; NYSE Texas: LB) (“LandBridge”) announced today that DBR Land Holdings LLC (the “Issuer”), a subsidiary of LandBridge, intends, subject to market conditions, to offer $100 million in aggregate principal amount of 6.250% senior notes due 2030 (the “New Notes”) in a private placement to eligible purchasers (t…
Read attachment ↗d126102dex992.htm · 8-K · 2026-09-22
Exhibit 99.2 Recent Developments Conversion and Redomestication On June 15, 2026, LandBridge announced that its board of directors formed a special committee of independent directors (the “Special Committee”) to evaluate a potential conversion from a Delaware limited liability company to a Texas corporation (the “Conversion and Redomestication”), primarily driven by index eligibility considerations. On August 4, 2026, LandBridge’s board of directors, upon the recommendation of the Special Com…
Read attachment ↗lb-ex99_1.htm · 8-K · 2026-08-05
EX-99.1 2 lb-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 LandBridge Announces Second Quarter 2026 Results Delivers record second quarter revenue of $66.8 million, representing growth of 41% year-over-year and 31% quarter-over-quarter Declares quarterly cash dividend of $0.12 per share HOUSTON - (BUSINESS WIRE) - LandBridge Company LLC (NYSE: LB; NYSE TX: LB) (the “Company,” or “LandBridge”) today announced its financial and operating results for the second quarter ended June 30, 2026. Seco…
Read attachment ↗lb-ex99_1.htm · 8-K · 2026-05-06
EX-99.1 2 lb-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 LandBridge Announces First Quarter 2026 Results Increases full-year 2026 Adjusted EBITDA outlook to $210 million to $230 million Delivers first quarter revenues of $51.0 million, up 16% year-over-year Declares quarterly cash dividend of $0.12 per share Adds ~5,700 acres via strategic bolt-on acquisitions HOUSTON - (BUSINESS WIRE) - LandBridge Company LLC (NYSE: LB; NYSE TX: LB) (the “Company,” or “LandBridge”) today announced its fi…
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