LandBridge Corp

For the period ended Mar 31, 2025. Filed May 8, 2025.

About this filing

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$65.10+5.2%Stored close · as of Nov 6, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

(in thousands, except share and per share amounts)

	Three Months Ended March 31,
	2025	2024
Revenues:
Surface use royalties	$10,522	$1,598
Surface use royalties - Related party (Note 10)	6,915	2,607
Easements and other surface-related revenues	6,440	4,754
Easements and other surface-related revenues - Related party (Note 10)	2,332	383
Resource sales	7,166	3,415
Resource sales - Related party (Note 10)	185	93
Resource royalties	4,158	1,979
Resource royalties - Related party (Note 10)	2,847	-
Oil and gas royalties	3,386	4,185
Total revenues	43,951	19,014
Resource sales-related expense	458	673
Other operating and maintenance expense	1,127	517
General and administrative expense	14,728	2,159
Depreciation, depletion, amortization and accretion	2,601	2,145
Operating income	25,037	13,520
Interest expense, net	7,977	2,884
Other income	-	(241)
Income from operations before taxes	17,060	10,877
Income tax expense	1,601	101
Net income	15,459	$10,776
Net income attributable to noncontrolling interest	8,995
Net income attributable to LandBridge Company LLC	$6,464
Net income per share of Class A shares
Basic	$0.27
Diluted	$0.20
Weighted average shares outstanding of Class A shares
Basic	23,255,419
Diluted	76,464,778

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.