LandBridge Co LLC
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
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
(in thousands)
| Member's Equity · Class A · Class B · Retained Earnings · Non- controllingInterest · TotalShareholders'and Member's Equity | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Amount · Shares · Amount · Shares · Amount · Amount · Amount · Amount | |||||||||||||
| Balance at December 31, 2022 | $209,959 | - | $ | - | - | $ | - | $ | - | $ | - | $209,959 | |
| Distribution to member | (105,165) | - | - | - | - | - | - | (105,165) | |||||
| Deemed non-cash distributions | (17,219) | - | - | - | - | - | - | (17,219) | |||||
| Net income | 63,172 | - | - | - | - | - | - | 63,172 | |||||
| Balance at December 31, 2023 | $150,747 | - | $ | - | - | $ | - | $ | - | $ | - | $150,747 | |
| Contribution from member | 120,000 | - | - | - | - | - | - | 120,000 | |||||
| Deemed non-cash contributions prior to reorganization | 72,572 | - | - | - | - | - | - | 72,572 | |||||
| Net loss prior to reorganization | (46,877) | - | - | - | - | - | - | (46,877) | |||||
| Effect of corporate reorganization and IPO | (296,442) | 17,425,000 | 94,126 | 55,726,603 | - | - | 301,023 | 98,707 | |||||
| Deemed non-cash contributions subsequent to reorganization | - | - | - | - | - | - | 18,735 | 18,735 | |||||
| Class A share-based compensation expense subsequent to reorganization | - | - | 979 | - | - | - | 3,049 | 4,028 | |||||
| Purchase of OpCo Units from LandBridge Holdings, net of placement agent fees | - | - | - | (2,498,751) | - | - | (145,411) | (145,411) | |||||
| Dividends and distributions | - | - | - | - | - | (1,743) | (5,573) | (7,316) | |||||
| RSU dividend equivalent rights | - | - | - | - | - | (18) | (57) | (75) | |||||
| December 2024 Private Placement, net of placement agent fees and offering expenses | - | 5,830,419 | 337,558 | - | - | - | - | 337,558 | |||||
| Net income subsequent to reorganization | - | - | - | - | - | 5,110 | 288 | 5,398 | |||||
| Changes in ownership interest adjustment | - | - | (253,241) | - | - | - | 253,241 | - | |||||
| Tax impact of ownership interest adjustment | - | - | 29,005 | - | - | - | - | 29,005 | |||||
| Balance at December 31, 2024 | $ | - | 23,255,419 | $208,427 | 53,227,852 | $ | - | $3,349 | $425,295 | $637,071 | |||
| Net income | - | - | - | - | - | 30,128 | 42,271 | 72,399 | |||||
| Deemed non-cash contributions | - | - | - | - | - | - | 36,508 | 36,508 | |||||
| RSU share-based compensation expense | - | - | 2,882 | - | - | - | 5,929 | 8,811 | |||||
| Redemption of Class B shares to Class A shares | - | 4,400,000 | - | (4,400,000) | - | - | - | - | |||||
| Class A Shares issued on vesting of RSUs, net of shares withheld for tax | - | 182,780 | (5,750) | - | - | - | - | (5,750) | |||||
| Cancellation of Class B shares | - | - | - | (234,347) | - | - | - | - | |||||
| Class B Shares issued for acquisition | - | - | - | 657,411 | - | - | 53,586 | 53,586 | |||||
| Tax distributions | - | - | - | - | - | - | (32,788) | (32,788) | |||||
| Dividends and distributions | - | - | - | - | - | (10,159) | (20,506) | (30,665) | |||||
| RSU dividend equivalent rights | - | - | - | - | - | (85) | (175) | (260) | |||||
| Changes in ownership interest adjustment | - | - | 56,437 | - | - | - | (56,437) | - | |||||
| Tax impact of ownership interest adjustment | - | - | 55,641 | - | - | - | - | 55,641 | |||||
| Offering costs | - | - | (568) | - | - | - | - | (568) | |||||
| Balance at December 31, 2025 | $ | - | 27,838,199 | $317,069 | 49,250,916 | $ | - | $23,233 | $453,683 | $793,985 | |||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.