Earnings summaries and quarterly performance for LandBridge Co.
Executive leadership at LandBridge Co.
Board of directors at LandBridge Co.
AN
Andrea Nicolás
Detailed
Director
BM
Ben Moore
Detailed
Director
CW
Charles Watson
Detailed
Director
DC
David Capobianco
Detailed
Chairman of the Board
FB
Frank Bayouth
Detailed
Director
KH
Kara Harling
Detailed
Director
MM
Matthew Morrow
Detailed
Director
MS
Michael Sulton
Detailed
Director
TD
Ty Daul
Detailed
Director
VC
Valerie Chase
Detailed
Director
Research analysts who have asked questions during LandBridge Co earnings calls.
Kevin MacCurdy
Pickering Energy Partners
4 questions for LB
Also covers: AR, CHRD, CNX +13 more
Alexander Goldfarb
Piper Sandler
3 questions for LB
Also covers: ALEX, ALX, AVB +25 more
CM
Charles Meade
Johnson Rice & Company L.L.C.
3 questions for LB
Also covers: APA, BRY, COP +17 more
DW
Derrick Whitfield
Texas Capital
3 questions for LB
Also covers: AMTX, ARIS, BG +21 more
LG
Lawrence Goldstein
Investor
2 questions for LB
JK
Jackie Koletas
Goldman Sachs
1 question for LB
Also covers: ARIS, KNTK, TRGP
JM
John Mackay
Goldman Sachs Group, Inc.
1 question for LB
Also covers: AM, ARIS, CQP +16 more
RR
Roger Read
Wells Fargo & Company
1 question for LB
Also covers: APA, AR, BP +22 more
SM
Sean Milligan
Gen
1 question for LB
Also covers: AIRJ, ENVX, GNRC +2 more
Theresa Chen
Barclays PLC
1 question for LB
Also covers: CQP, DINO, DTM +20 more
Recent press releases and 8-K filings for LB.
LandBridge Co LLC Completes Private Placement of $500 Million Senior Notes
LB
Debt Issuance
- DBR Land Holdings LLC, a subsidiary of LandBridge Company LLC, completed a private placement of $500 million aggregate principal amount of 6.250% Senior Notes due 2030 on November 25, 2025.
- The net proceeds from this offering, along with borrowings under a new revolving credit facility, will be used to repay $370.2 million in outstanding borrowings under the company's existing credit facility as of September 30, 2025.
- The Notes are unsecured obligations, bearing an interest rate of 6.250% per annum, with interest payable semi-annually on June 1 and December 1, and a final maturity date of December 1, 2030. The first interest payment is scheduled for June 1, 2026.
- The Issuer has optional redemption rights, including redeeming up to 40% of the notes at 106.25% of the principal amount prior to December 1, 2027, using equity offering proceeds, or redeeming all or part at 100% of principal plus an applicable premium before December 1, 2027. Redemption prices on or after December 1, 2027, range from 103.125% to 100.000% depending on the year.
Nov 25, 2025, 9:01 PM
LandBridge announces pricing of $500 million senior notes offering
LB
Debt Issuance
- LandBridge Company LLC's subsidiary, DBR Land Holdings LLC, has priced an offering of $500 million aggregate principal amount of 6.250% senior notes due 2030.
- The offering is expected to close on November 25, 2025.
- LandBridge intends to use the net proceeds from the offering, along with borrowings under a new credit facility, to repay and terminate its existing credit facility.
Nov 19, 2025, 9:41 PM
LandBridge Subsidiary Launches $500 Million Senior Notes Offering and Secures New Credit Facility
LB
Debt Issuance
- On November 19, 2025, LandBridge Company LLC's subsidiary, DBR Land Holdings LLC, announced its intent to offer $500 million in aggregate principal amount of senior notes in a private placement.
- The net proceeds from this offering, along with borrowings under a new credit facility, will be used to repay all outstanding borrowings under, and terminate, its existing credit facility.
- Concurrently, on November 18, 2025, DBR Land Holdings LLC entered into a new revolving credit agreement providing for lender commitments of $275 million, maturing on the earlier of June 30, 2030, or 91 days prior to the Notes' maturity if outstanding principal exceeds $50 million.
- The new credit agreement includes financial covenants such as a minimum interest coverage ratio of 2.50:1.00 and a maximum total net leverage ratio of 5.00:1.00.
- Following the offering, LandBridge is projected to have a Debt Service Coverage Ratio of 5.0x as of LTM September 30, 2025, assuming pro forma debt of $500 million senior notes and approximately $70 million drawn on the new credit agreement.
Nov 19, 2025, 1:19 PM
LandBridge Company LLC Announces Pricing of Secondary Public Offering
LB
- LandBridge Holdings LLC commenced and priced a secondary public offering of 2,500,000 Class A shares of LandBridge Company LLC at $71.00 per share to the public on November 17, 2025.
- LandBridge Company LLC will not sell any Class A shares in the offering and will not receive any proceeds therefrom.
- The offering closed on November 18, 2025, with the Selling Shareholder granting the underwriter a 30-day option to purchase up to an additional 375,000 Class A shares.
- Following the offering, the Selling Shareholder will continue to own approximately 63% of the issued and outstanding shares of LandBridge.
Nov 19, 2025, 1:16 AM
LandBridge Reports Strong Q3 2025 Results and Strategic Acquisitions
LB
Earnings
Guidance Update
M&A
- LandBridge reported strong Q3 2025 financial performance, with total revenue reaching $50.8 million, marking a 7% sequential increase and 78% year-over-year growth. Adjusted EBITDA was $44.9 million, up 6% sequentially and 79% year-over-year, achieving an 88% margin.
- The company reaffirmed the midpoint of its full-year 2025 Adjusted EBITDA guidance, expecting it to be between $165 million and $175 million. Additionally, a quarterly dividend of $0.10 per share was declared, payable on December 18, 2025.
- Strategic developments include the acquisition of approximately 37,500 acres from 1918 Ranch and Realty, anticipated to contribute $20 million in EBITDA beginning in 2026. LandBridge also finalized the sale of a 3,000-acre solar energy project with a proposed generation capacity of up to 250 megawatts.
- The company highlighted the increasing value of its pore space, noting a forecasted 9 million barrel a day shortfall in disposal capacity in the Delaware Basin by 2035, which is expected to drive demand for its differentiated pore space solutions.
Nov 13, 2025, 3:30 PM
LandBridge Company Reports Strong Q3 2025 Results and Completes Strategic Acquisition
LB
Earnings
M&A
Guidance Update
- LandBridge Company reported strong financial results for Q3 2025, with revenue up 78% year-over-year and Adjusted EBITDA up 79% year-over-year. For Q3 2025, Consolidated Revenue was $50,831 thousand and Adjusted EBITDA was $44,850 thousand.
- The company completed the acquisition of approximately 37,500 acres from 1918 Ranch & Royalty, LLC for a purchase price of $250 million, expecting it to contribute $20 million to 2026 EBITDA.
- LandBridge provided 2025 Adjusted EBITDA Guidance of $165-$175 million and maintained a net leverage ratio of ~2.2x as of Q3 2025, with a target range of 2.0 – 2.5x.
- A quarterly cash dividend of $0.10 per share was paid in Q3 2025.
Nov 13, 2025, 3:30 PM
LandBridge Company LLC Announces Third Quarter 2025 Results
LB
Earnings
Dividends
New Projects/Investments
- LandBridge Company LLC reported Q3 2025 revenues of $50.8 million, marking a 78% year-over-year and 7% quarter-over-quarter increase, with Adjusted EBITDA of $44.9 million, up 79% year-over-year and 6% quarter-over-quarter.
- The company completed the acquisition of approximately 37,500 acres, expanding its total surface acreage to over 300,000, and finalized the sale of a 3,000-acre solar energy generation project.
- LandBridge declared a quarterly cash dividend of $0.10 per share and reaffirmed its fiscal year 2025 Adjusted EBITDA outlook to be between $165 million and $175 million.
Nov 12, 2025, 10:15 PM
LandBridge Company LLC Announces Third Quarter 2025 Results
LB
Earnings
Dividends
M&A
- LandBridge Company LLC reported third-quarter 2025 revenues of $50.8 million, an increase of 78% year-over-year and 7% quarter-over-quarter.
- The company achieved net income of $20.3 million and Adjusted EBITDA of $44.9 million, which was up 79% year-over-year.
- LandBridge declared a quarterly cash dividend of $0.10 per share.
- Recent milestones include the acquisition of approximately 37,500 acres, increasing total holdings to more than 300,000 surface acres, and the finalization of a 3,000-acre solar energy generation project sale.
Nov 12, 2025, 9:51 PM
LandBridge Company LLC Announces Agreement to Acquire 37,500 Acres in Delaware Basin
LB
M&A
New Projects/Investments
Debt Issuance
- LandBridge Company LLC (NYSE: LB) announced an agreement on October 3, 2025, to acquire approximately 37,500 total acres across Loving, Reeves, Winkler, and Ward counties, Texas, from 1918 Ranch & Royalty, LLC.
- The acquisition has an aggregate purchase price of $250.0 million, comprising approximately $208.3 million in cash and approximately $41.7 million in equity units.
- This transaction will increase LandBridge's total surface acreage holdings to approximately 300,000 acres and is anticipated to close in the fourth quarter of 2025.
- To partially finance the acquisition, LandBridge's subsidiary entered into a new $200.0 million delayed draw term loan facility.
Oct 7, 2025, 12:18 PM
LandBridge Reports Strong Q1 2025 Performance & Earnings Results
LB
Earnings
Revenue Acceleration/Inflection
Dividends
- Revenue & EBITDA Surge: Q1 2025 revenue reached approximately $44 million, up 20% sequentially and 131% year-over-year, with Adjusted EBITDA of $38.8 million (up 129% year-over-year) at an 88% margin .
- Robust Free Cash Flow: The quarter generated free cash flow of $15.8 million .
- Diversified Revenue Base: About 92% of revenue came from non-oil and gas streams/royalties, highlighting a resilient and diversified business model .
- Strategic Acquisition Impact: The acquisition of the Wolf Bone Ranch boosted produced water royalties by over 70% quarter-over-quarter .
- Pipeline Project Outlook: The upcoming Speedway Pipeline project is expected to add incremental cash flow of $30+ million annually .
- Shareholder Return: A $0.10 per share quarterly dividend was declared .
May 8, 2025, 1:01 PM
Quarterly earnings call transcripts for LandBridge Co.
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