LandBridge Company LLC Class A ( (LB) ) just unveiled an update.
LandBridge Company LLC reported significant financial growth for the fourth quarter and fiscal year 2024, with a 109% year-over-year increase in Q4 revenues and a 51% rise for the fiscal year. The company expanded its land holdings and executed strategic agreements, enhancing its market position and financial performance. Notable achievements include a substantial increase in adjusted EBITDA and free cash flow margins, as well as strategic acquisitions and partnerships in renewable energy and water management. These developments underscore LandBridge’s robust operational momentum and its strategic focus on sustainable value creation for shareholders.
More about LandBridge Company LLC Class A
LandBridge Company LLC operates in the energy sector, focusing on land management and infrastructure development in the Permian Basin, a key region for oil and natural gas production. The company engages in activities such as surface use royalties, resource sales, and oil and gas royalties, positioning itself to capitalize on opportunities in energy and digital infrastructure.
YTD Price Performance: 0.66%
Average Trading Volume: 605,765
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $4.99B
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