LandBridge Corp
For the period ended Mar 31, 2025. Filed May 8, 2025.
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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.
Mar 31, 2025 · Filed May 8, 2025
LB$65.24+0.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(in thousands)
(unaudited)
| March 31, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| Current assets: | ||
| Cash and cash equivalents | $14,935 | $37,032 |
| Accounts receivable, net | 19,924 | 12,544 |
| Related party accounts receivable (Note 10) | 7,289 | 2,111 |
| Prepaid expenses and other current assets | 1,446 | 1,628 |
| Total current assets | 43,594 | 53,315 |
| Non-current assets: | ||
| Property, plant and equipment, net | 918,613 | 902,742 |
| Intangible assets, net | 44,125 | 45,265 |
| Deferred tax assets | 72 | 411 |
| Other assets | 1,696 | 1,741 |
| Total non-current assets | 964,506 | 950,159 |
| Total assets | $1,008,100 | $1,003,474 |
| Liabilities and equity | ||
| Current liabilities: | ||
| Accounts payable | $596 | $489 |
| Taxes payable | 2,065 | 2,286 |
| Related party accounts payable (Note 10) | 1,069 | 686 |
| Accrued liabilities | 5,837 | 7,185 |
| Current portion of long-term debt | 299 | 424 |
| Unearned revenue | 832 | 1,221 |
| Other current liabilities | 1,096 | 2,119 |
| Total current liabilities | 11,794 | 14,410 |
| Non-current liabilities: | ||
| Long-term debt, net of debt issuance costs | 375,467 | 380,815 |
| Other long-term liabilities | 182 | 183 |
| Total non-current liabilities | 375,649 | 380,998 |
| Total liabilities | 387,443 | 395,408 |
| Class A shares, unlimited shares authorized and 23,255,419 shares issued and outstanding as of March 31, 2025 and December 31, 2024 | 432,881 | 432,663 |
| Class B shares, unlimited shares authorized and 53,193,178 shares issued and outstanding as of March 31, 2025. Unlimited shares authorized and 53,227,852 shares issued and outstanding as of December 31, 2024 | - | - |
| Retained earnings | 7,464 | 3,349 |
| Total shareholders’ equity attributable to LandBridge Company LLC | 440,345 | 436,012 |
| Noncontrolling interest | 180,312 | 172,054 |
| Total shareholders’ equity | 620,657 | 608,066 |
| Total liabilities and equity | $1,008,100 | $1,003,474 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.