LandBridge Co LLC
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
LB$65.24+0.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(in thousands)
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Current assets: | ||
| Cash and cash equivalents | $30,741 | $37,032 |
| Accounts receivable, net | 19,363 | 12,544 |
| Related party accounts receivable | 4,945 | 2,111 |
| Prepaid expenses and other current assets | 4,766 | 1,628 |
| Total current assets | 59,815 | 53,315 |
| Non-current assets: | ||
| Property, plant and equipment, net | 1,084,450 | 902,742 |
| Intangible assets, net | 136,962 | 45,265 |
| Deferred tax assets | 80,973 | 29,416 |
| Other assets | 3,856 | 1,741 |
| Total non-current assets | 1,306,241 | 979,164 |
| Total assets | $1,366,056 | $1,032,479 |
| Liabilities and equity | ||
| Current liabilities: | ||
| Accounts payable | $562 | $489 |
| Taxes payable | 1,200 | 2,286 |
| Related party accounts payable | 781 | 686 |
| Accrued liabilities | 7,781 | 7,185 |
| Current portion of long-term debt | 692 | 424 |
| Deferred revenue | 1,263 | 1,221 |
| Other current liabilities | 7 | 2,119 |
| Total current liabilities | 12,286 | 14,410 |
| Non-current liabilities: | ||
| Long-term debt, net of debt issuance costs | 559,593 | 380,815 |
| Other long-term liabilities | 192 | 183 |
| Total non-current liabilities | 559,785 | 380,998 |
| Total liabilities | 572,071 | 395,408 |
| Commitments and contingencies | ||
| Class A shares, unlimited shares authorized and 27,838,199 shares issued and outstanding as of December 31, 2025. Unlimited shares authorized and 23,255,419 shares issued and outstanding as of December 31, 2024 | 317,069 | 208,427 |
| Class B shares, unlimited shares authorized and 49,250,916 shares issued and outstanding as of December 31, 2025. Unlimited shares authorized and 53,227,852 shares issued and outstanding as of December 31, 2024 | - | - |
| Retained earnings | 23,233 | 3,349 |
| Total shareholders' equity attributable to LandBridge Company LLC | 340,302 | 211,776 |
| Noncontrolling interest | 453,683 | 425,295 |
| Total shareholders’ equity | 793,985 | 637,071 |
| Total liabilities and equity | $1,366,056 | $1,032,479 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.