LandBridge Co LLC
For the period ended Dec 31, 2024. Filed Mar 6, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 6, 2025
LB$66.24+1.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Financial Statements and Supplementary Data
Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Current assets: | ||
| Cash and cash equivalents | $37,032 | $37,823 |
| Accounts receivable, net | 12,544 | 12,383 |
| Related party receivable (Note 12) | 2,111 | 1,037 |
| Prepaid expenses and other current assets | 1,628 | 1,035 |
| Total current assets | 53,315 | 52,278 |
| Non-current assets: | ||
| Property, plant and equipment, net | 902,742 | 203,018 |
| Intangible assets, net | 45,265 | 28,642 |
| Deferred tax assets | 411 | - |
| Other assets | 1,741 | 5,011 |
| Total non-current assets | 950,159 | 236,671 |
| Total assets | $1,003,474 | $288,949 |
| Liabilities and equity | ||
| Current liabilities: | ||
| Accounts payable | $489 | $200 |
| Taxes payable | 2,286 | 385 |
| Related party payable (Note 12) | 686 | 453 |
| Accrued liabilities | 7,185 | 4,945 |
| Current portion of long-term debt | 424 | 20,339 |
| Unearned revenue | 1,221 | 278 |
| Other current liabilities | 2,119 | 500 |
| Total current liabilities | 14,410 | 27,100 |
| Non-current liabilities: | ||
| Long-term debt, net of debt issuance costs | 380,815 | 108,343 |
| Other long-term liabilities | 183 | 2,759 |
| Total non-current liabilities | 380,998 | 111,102 |
| Total liabilities | 395,408 | 138,202 |
| Commitments and contingencies (Note 13) | ||
| Member's equity | - | 150,747 |
| Class A shares, unlimited shares authorized and 23,255,419 shares issued and outstanding as of December 31, 2024. None authorized, issued or outstanding as of December 31, 2023. | 432,663 | - |
| Class B shares, unlimited shares authorized and 53,227,852 shares issued and outstanding as of December 31, 2024. None authorized, issued or outstanding as of December 31, 2023. | - | - |
| Retained earnings | 3,349 | - |
| Total shareholders' equity attributable to LandBridge Company LLC | 436,012 | - |
| Noncontrolling interest | 172,054 | - |
| Total shareholders' and member's equity | 608,066 | 150,747 |
| Total liabilities and equity | $1,003,474 | $288,949 |
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