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LandBridge Company LLC Class A
(NYSE:LB)
LandBridge Company LLC Class A (LB) vs. SPDR S&P 500 ETF (SPY)
LandBridge Company LLC Class A Business Overview & Revenue Model
LandBridge Company LLC Class A Earnings Call Summary
LandBridge Company LLC Class A Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 178.81M | 109.95M | 72.86M | 51.78M |
| Gross Profit | 165.68M | 98.97M | 60.66M | 41.22M |
| EBITDA | 112.72M | -7.47M | 79.16M | 3.63M |
| Net Income | 24.30M | 5.11M | 63.17M | -6.36M |
Balance Sheet | ||||
| Total Assets | 1.08B | 1.00B | 288.95M | 276.02M |
| Cash, Cash Equivalents and Short-Term Investments | 28.32M | 37.03M | 37.82M | 25.35M |
| Total Debt | 924.00K | 381.24M | 128.68M | 61.01M |
| Total Liabilities | 380.09M | 395.41M | 138.20M | 66.06M |
| Stockholders Equity | 271.99M | 436.01M | 150.75M | 209.96M |
Cash Flow | ||||
| Free Cash Flow | 112.36M | 66.65M | 50.26M | 17.21M |
| Operating Cash Flow | 115.08M | 67.64M | 53.04M | 20.50M |
| Investing Cash Flow | -313.38M | -724.35M | -2.77M | -11.67M |
| Financing Cash Flow | 212.20M | 655.92M | -37.80M | 3.27M |
LandBridge Company LLC Class A Technical Analysis
LandBridge Company LLC Class A Risk Analysis
LandBridge Company LLC Class A Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $3.65B | 18.15 | 15.77% | 1.18% | -3.76% | -11.00% | |
76 Outperform | $3.44B | 8.83 | 17.49% | ― | 6.81% | -61.94% | |
72 Outperform | $5.65B | 14.23 | 27.88% | 1.27% | -10.19% | -23.74% | |
72 Outperform | $5.72B | 15.65 | 5.93% | 3.25% | -1.43% | -63.13% | |
68 Neutral | $3.11B | 45.96 | 5.86% | 4.96% | 19.43% | 164.71% | |
67 Neutral | $4.01B | 65.06 | 12.97% | 0.76% | ― | ― | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% |
LandBridge Company LLC Class A Corporate Events
On November 25, 2025, LandBridge Company LLC, through its subsidiary DBR Land Holdings LLC, completed a private placement of $500 million in senior notes due 2030. The proceeds, along with borrowings from a new revolving credit facility, will be used to repay and terminate existing credit facilities, which had $370.2 million in outstanding borrowings as of September 30, 2025. This financial maneuver aims to optimize the company’s debt structure and potentially improve its financial stability, impacting its market positioning and stakeholder interests.
On November 19, 2025, LandBridge Company LLC announced the pricing of a $500 million private placement of 6.250% senior notes due 2030 through its subsidiary, DBR Land Holdings LLC. The proceeds from this offering, expected to close on November 25, 2025, will be used to repay and terminate the company’s existing credit facility, potentially improving its financial structure and flexibility.
On November 18, 2025, DBR Land Holdings LLC, a subsidiary of LandBridge Company LLC, entered into a $275 million revolving credit agreement with Texas Capital Bank and other lenders. This agreement, secured by DBR Land’s assets, aims to refinance existing debt and enhance financial flexibility. Additionally, on November 19, 2025, LandBridge announced a $500 million senior notes offering to further support debt restructuring and improve its debt service coverage ratio to 5.0x, reflecting strategic financial maneuvers to strengthen its capital structure and operational sustainability.
On November 17, 2025, LandBridge Company LLC announced the commencement of an underwritten public offering of 2,500,000 Class A shares by LandBridge Holdings LLC, with Goldman Sachs & Co. LLC as the sole book-running manager. The offering, priced at $70.00 per share, closed on November 18, 2025, generating $175 million in gross proceeds for the Selling Shareholder, who retains approximately 63% ownership of the company. LandBridge will not receive any proceeds from the sale, and the offering was made under an effective shelf registration statement filed with the SEC. The Underwriting Agreement includes a 30-day option for the underwriter to purchase an additional 375,000 shares and contains customary provisions for indemnification and contribution.
LandBridge Company LLC announced its financial results for the third quarter of 2025, reporting a 78% year-over-year revenue growth and a 7% increase quarter-over-quarter, with revenues reaching $50.8 million. The company also completed a significant acquisition of approximately 37,500 acres in Texas, enhancing its ability to meet demand for produced water handling resources and alternative energy developments. Additionally, LandBridge finalized the sale of a solar energy project and entered a long-term lease for a natural gas processing facility, further diversifying its revenue streams and reinforcing its strategic positioning in the energy sector.
On October 3, 2025, LandBridge Company LLC announced an agreement to acquire approximately 37,500 acres in Texas from 1918 Ranch & Royalty, LLC for $250 million. This acquisition, expected to close in the fourth quarter of 2025, aims to enhance LandBridge’s capacity for water handling infrastructure and alternative energy development, aligning with its strategic goals. Additionally, LandBridge’s subsidiary, DBR Land LLC, amended its credit agreement to secure a $200 million term loan facility to finance part of the acquisition. This move is anticipated to bolster LandBridge’s market position by expanding its acreage and infrastructure capabilities in the Delaware Basin.