LandBridge Company LLC Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Other Revenue	199.09	109.95	72.87	51.78
Total Revenue	199.09	109.95	72.87	51.78
Revenue Growth (YoY	81.07%	50.90%	40.73%	-
Property Expenses	2.03	2.11	3.45	3.84
Selling, General & Administrative	62.45	112.3	-12.09	41.8
Depreciation & Amortization	11.47	8.88	8.76	6.72
Other Operating Expenses	4.65	3.17	2.74	2.65
Total Operating Expenses	80.59	126.46	2.86	55.01
Operating Income	118.5	-16.51	70.01	-3.23
Interest Expense	-32.71	-23.64	-7.02	-3.11
Other Non-Operating Income	-4.33	0.54	0.55	0.14
EBT Excluding Unusual Items	81.47	-39.6	63.54	-6.2
Other Unusual Items	-	46.88	-	-
Pretax Income	81.47	7.27	63.54	-6.2
Income Tax Expense	9.07	1.88	0.37	0.16
Earnings From Continuing Operations	72.4	5.4	63.17	-6.36
Minority Interest in Earnings	-42.27	-0.29	-	-
Net Income	30.13	5.11	63.17	-6.36
Preferred Dividends & Other Adjustments	0.75	0.2	-	-
Net Income to Common	29.38	4.91	63.17	-6.36
Net Income Growth	489.59%	-91.91%	-	-
Basic Shares Outstanding	25	18	-	-
Diluted Shares Outstanding	77	73	-	-
Shares Change (YoY)	4.32%	-	-	-
EPS (Basic)	1.18	0.28	-	-
EPS (Diluted)	0.94	0.07	-	-
EPS Growth	1197.91%	-	-	-
Dividend Per Share	0.400	0.100	-	-
Dividend Growth	300.00%	-	-	-
Operating Margin	59.52%	-15.02%	96.08%	-6.24%
Profit Margin	14.75%	4.47%	86.70%	-12.29%
EBITDA	129.97	-7.64	78.77	3.49
EBITDA Margin	65.28%	-6.94%	108.11%	6.74%
D&A For Ebitda	11.47	8.88	8.76	6.72
EBIT	118.5	-16.51	70.01	-3.23
EBIT Margin	59.52%	-15.02%	96.08%	-6.24%
Effective Tax Rate	11.13%	25.78%	0.58%	-
Revenue as Reported	199.09	109.95	72.87	51.78

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q