LandBridge Corp
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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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, 2026 · Filed Nov 5, 2026
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, except share and per share amounts)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenues: | ||||
| Surface use royalties | $13,485 | $8,235 | $37,203 | $27,775 |
| Surface use royalties - related party | 12,887 | 10,152 | 36,967 | 24,743 |
| Easements and other surface-related revenues | 17,002 | 15,840 | 48,550 | 36,552 |
| Easements and other surface-related revenues - related party | 10,936 | 807 | 20,754 | 6,388 |
| Resource sales | 6,165 | 4,501 | 17,012 | 17,122 |
| Resource sales - related party | 561 | 731 | 1,425 | 1,098 |
| Resource royalties | 4,330 | 3,929 | 12,718 | 11,927 |
| Resource royalties - related party | 1,464 | 1,604 | 3,435 | 5,558 |
| Oil and gas royalties | 4,060 | 3,332 | 10,606 | 9,452 |
| Other | - | 1,700 | 65 | 1,700 |
| Total revenues | 70,890 | 50,831 | 188,735 | 142,315 |
| Resource sales-related expense | 1,094 | 438 | 2,624 | 1,384 |
| Other operating and maintenance expense | 1,370 | 1,160 | 3,967 | 3,349 |
| General and administrative expense | 15,890 | 15,864 | 47,516 | 45,356 |
| Depreciation, depletion and amortization | 4,555 | 2,584 | 13,354 | 7,730 |
| Other operating (income) expense, net | (266) | (100) | (309) | 71 |
| Operating income | 48,247 | 30,885 | 121,583 | 84,425 |
| Interest expense | 9,854 | 7,889 | 28,555 | 23,745 |
| Other expense, net | - | - | 27 | - |
| Income before income taxes | 38,393 | 22,996 | 93,001 | 60,680 |
| Income tax expense | 4,345 | 2,705 | 10,036 | 6,455 |
| Net income | 34,048 | 20,291 | 82,965 | 54,225 |
| Net income attributable to noncontrolling interest | 21,090 | 12,184 | 49,005 | 32,153 |
| Net income attributable to LandBridge Company LLC | $12,958 | $8,107 | $33,960 | $22,072 |
| Net income per share of Class A shares | ||||
| Basic | $0.44 | $0.31 | $1.18 | $0.89 |
| Diluted | $0.44 | $0.26 | $1.07 | $0.70 |
| Weighted average shares outstanding of Class A shares | ||||
| Basic | 29,149,839 | 25,335,054 | 28,321,108 | 24,227,677 |
| Diluted | 29,149,839 | 76,518,549 | 77,044,928 | 76,459,219 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.