LandBridge Co LLC
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
LB$66.24+1.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations
| Three Months Ended September 30, · Nine Months Ended September 30, | |||||
|---|---|---|---|---|---|
| 2024 · 2023 · 2024 · 2023 | |||||
| Revenues: | |||||
| Surface use royalties | $4,227 | $1,693 | $9,129 | $5,316 | |
| Surface use royalties - Related party (Note 10) | 5,627 | 1,500 | 11,902 | 3,274 | |
| Easements and other surface-related revenues | 5,176 | 2,309 | 15,018 | 5,662 | |
| Easements and other surface-related revenues - Related party (Note 10) | 1,465 | 7 | 4,224 | 3,864 | |
| Resource sales | 4,874 | 4,190 | 11,908 | 15,907 | |
| Resource sales - Related party (Note 10) | 57 | 139 | 329 | 1,627 | |
| Oil and gas royalties | 2,903 | 6,323 | 11,563 | 14,948 | |
| Resource royalties | 2,686 | 1,638 | 6,803 | 4,810 | |
| Resource royalties - Related party (Note 10) | 1,472 | - | 2,579 | - | |
| Total revenues | 28,487 | 17,799 | 73,455 | 55,408 | |
| Resource sales-related expense | 423 | 1,003 | 1,739 | 3,081 | |
| Other operating and maintenance expense | 708 | 701 | 1,837 | 1,956 | |
| General and administrative expense (income) | 22,131 | (5,571) | 98,114 | (20,610) | |
| Depreciation, depletion, amortization and accretion | 2,038 | 2,562 | 6,294 | 6,396 | |
| Operating income (loss) | 3,187 | 19,104 | (34,529) | 64,585 | |
| Interest expense, net | 7,071 | 2,893 | 16,235 | 4,173 | |
| Other income | - | (526) | (241) | (541) | |
| (Loss) income from operations before taxes | (3,884) | 16,737 | (50,523) | 60,953 | |
| Income tax (benefit) expense | (1,128) | 104 | (890) | 303 | |
| Net (loss) income | $(2,756) | $16,633 | $(49,633) | $60,650 | |
| Net loss prior to Offering | - | (46,877) | |||
| Net loss attributable to noncontrolling interest | (5,412) | (5,412) | |||
| Net income attributable to LandBridge Company LLC | $2,656 | $2,656 | |||
| Net income (loss) per share | |||||
| Basic | $0.15 | ||||
| Diluted | $(0.04) | ||||
| Weighted average shares outstanding | |||||
| Basic | 17,425,000 | ||||
| Diluted | 73,151,603 | ||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.