The earnings call presented a strong financial performance with significant revenue and EBITDA growth, successful diversification of revenue streams, strategic land acquisitions, and a new data center development. Despite a decline in oil and gas royalties and the impact of nonrecurring expenses, the company's strategic moves and positive future guidance suggest a robust growth trajectory.

Company Guidance

During the third-quarter 2024 earnings call, LandBridge provided robust guidance, projecting $95 million to $100 million in EBITDA for the full year 2024 and a significant increase to $140 million to $160 million in 2025. This growth is driven by an 88% adjusted EBITDA margin, with 90% of revenues coming from non-oil and gas royalty streams, such as surface use royalties, which grew 14% sequentially, and resource sales, which increased 29%. The company highlighted its strategic land acquisitions and the execution of a data center lease development agreement, alongside plans for a 250-megawatt solar facility to bolster surface use revenues. LandBridge also achieved a net leverage ratio reduction to 2.8 times and declared a $0.10 per share dividend, underscoring its commitment to returning capital to shareholders and expanding its commercial ventures.

Strong Revenue and EBITDA Growth

LandBridge reported a 60% year-over-year revenue growth and a 62% year-over-year increase in adjusted EBITDA with an 88% EBITDA margin, demonstrating robust financial performance.

Diversification of Revenue Streams

90% of overall revenues came from non-oil and gas royalty revenue streams, up significantly from 65% the same quarter last year, showing successful diversification efforts.

Data Center Development Agreement

Executed a lease development agreement for a data center in Reeves County, Texas, with a nonrefundable $8 million deposit due in December 2024, highlighting strategic expansion into digital infrastructure.

Land Acquisitions

Acquired 1,200 acres in Winkler County, Texas, and under contract to acquire 5,800 acres in Lea County, New Mexico, continuing to expand and strategically position land holdings.

Reduced Debt and Increased Financial Flexibility

Paid down $120 million in debt, reducing the net leverage ratio from 4.2 to 2.8 times, and increased revolving credit facility to $100 million, enhancing financial flexibility.

Inaugural Dividend Declaration

Declared an inaugural quarterly dividend of $0.10 per share, signaling confidence in future cash flow and commitment to shareholder returns.

Positive Guidance for 2025

Provided guidance for 2025 with expected EBITDA of $140 million to $160 million, driven by new acquisitions and increased surface use royalties.

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LandBridge Company LLC Class A (LB) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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LB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 05, 2025	2024 (Q4)	0.33 / -	―	―	―	―
Nov 06, 2024	2024 (Q3)	0.25 / 0.23	0.955	-75.60% (-0.72)
Aug 07, 2024	2024 (Q2)	0.21 / 0.20	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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LB Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 06, 2024	$60.47	$61.45	+1.62%
Aug 07, 2024	$32.22	$32.06	-0.50%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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FAQ

When does LandBridge Company LLC Class A (LB) report earnings?

LandBridge Company LLC Class A (LB) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.

What is LandBridge Company LLC Class A (LB) earnings time?

LandBridge Company LLC Class A (LB) earnings time is at Mar 05, 2025, TBA Not Confirmed.

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is LB EPS forecast?

LB EPS forecast for the fiscal quarter 2024 (Q4) is 0.33.

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