Consecutive Revenue and EBITDA Growth
LandBridge reported its sixth consecutive quarter of revenue and EBITDA growth. Revenue increased 7% sequentially, and adjusted EBITDA rose 6%.
Significant Year-over-Year Revenue Growth
Total revenue reached $50.8 million, up 78% year-over-year, with broad-based growth across all revenue streams.
Strategic Land Acquisitions
The acquisition of approximately 37,500 acres from Mike's 1918 Ranch & Royalty is expected to contribute $20 million in EBITDA starting in 2026.
Partnerships and Commercial Developments
Finalized the sale of a 3,000-acre solar project and entered into a lease with ONEOK for a natural gas processing facility.
Improvement in Leverage Ratio
Net leverage ratio improved from 2.4x to 2.1x in the third quarter.