LandBridge Co LLC
For the period ended Jun 30, 2025. Filed Aug 5, 2025.
View on SEC.govAbout 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.
Jun 30, 2025 · Filed Aug 5, 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 exhibitsContents
(in thousands)
| Six Months Ended June 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities | ||
| Net income (loss) | $33,934 | $(46,877) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation, depletion, amortization and accretion | 5,146 | 4,256 |
| Amortization of debt issuance costs | 1,079 | 723 |
| Share-based compensation | 22,411 | 72,572 |
| Deferred income tax expense | 991 | - |
| Other | 6 | - |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (5,342) | 136 |
| Related party accounts receivable | (591) | (1,825) |
| Prepaid expenses and other assets | (1,778) | 482 |
| Accounts payable | (42) | (6) |
| Related party accounts payable | 96 | 33 |
| Deferred revenue | (162) | 523 |
| Accrued liabilities and other liabilities | (672) | 3,393 |
| Taxes payable | (1,831) | (152) |
| Net cash provided by operating activities | 53,245 | 33,258 |
| Cash flows from investing activities | ||
| Acquisitions | (18,762) | (430,510) |
| Capital expenditures | (1,309) | (458) |
| Proceeds from disposal of assets | 125 | - |
| Net cash used in investing activities | (19,946) | (430,968) |
| Cash flows from financing activities | ||
| Contributions from member | - | 120,000 |
| Dividends, dividend equivalents, and distributions paid | (37,923) | - |
| Proceeds from term loan | - | 265,000 |
| Repayments on term loan | (5,750) | (10,000) |
| Proceeds from revolver | 10,000 | 15,000 |
| Repayments on revolver | (15,000) | - |
| Debt issuance costs | (40) | (3,404) |
| Offering costs | (977) | (1,831) |
| Other | (296) | (232) |
| Net cash (used in) provided by financing activities | (49,986) | 384,533 |
| Net decrease in cash and cash equivalents | (16,687) | (13,177) |
| Cash and cash equivalents - beginning of period | 37,032 | 37,823 |
| Cash and cash equivalents - end of period | $20,345 | $24,646 |
Notes to the Unaudited Condensed Consolidated Financial Statements
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.