LandBridge authorizes up to $50M share buyback

LandBridge’s (LB) Board of Directors has approved a two-year share repurchase authorization under which the Company may opportunistically repurchase up to $50 million of Class A shares. The repurchase authorization is expected to provide the Company with opportunities to acquire shares at levels that the company believes do not reflect the fundamental earnings power of the Company and enable incremental capital return to shareholders.