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LandBridge Co LLC

For the period ended Sep 30, 2025. Filed Nov 12, 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.

Sep 30, 2025 · Filed Nov 12, 2025

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

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3. Asset Acquisitions

Asset Acqui sitions

On February 25, 2025, the Company acquired approximately 3,000 surface acres in Lea County, New Mexico, from a private third-party seller for total cash consideration of$17.1 million inclusive of$0.4 million in transaction costs. The purchase consideration was all attributed to land value.

On April 11, 2025, the Company acquired approximately 800 surface acres in Reeves County, Texas, from a private third-party seller for total cash consideration of$0.7 million, inclusive of$0.1 million in transaction costs. The purchase consideration was all attributed to land value.

During the nine months ended September 30, 2025, the Company paid approximately $1.0 million related to accrued costs for acquisitions completed in 2024.

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