LandBridge Company LLC Balance Sheet

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
Property, Plant & Equipment	1,084	902.74	203.02	207.31
Cash & Equivalents	30.74	37.03	37.82	16.15
Accounts Receivable	24.31	14.66	13.42	11.31
Other Receivables	-	-	-	0.02
Other Intangible Assets	136.96	45.27	28.64	30.88
Restricted Cash	-	-	-	9.2
Other Current Assets	4.77	1.63	1.04	0.63
Deferred Long-Term Tax Assets	80.97	0.41	-	-
Deferred Long-Term Charges	-	0.7	0.6	-
Other Long-Term Assets	3.86	1.04	4.41	0.52
Total Assets	1,366	1,003	288.95	276.02
Current Portion of Long-Term Debt	0.69	0.42	20.34	11.69
Long-Term Debt	559.59	380.82	108.34	45.92
Accounts Payable	0.56	0.49	0.2	0.04
Accrued Expenses	8.56	7.87	5.4	3.42
Current Income Taxes Payable	1.2	2.29	0.39	0.21
Current Unearned Revenue	1.26	1.22	0.28	1.33
Other Current Liabilities	0.01	2.12	0.5	0.5
Other Long-Term Liabilities	0.19	0.18	2.76	2.96
Total Liabilities	572.07	395.41	138.2	66.06
Common Stock	317.07	432.66	150.75	209.96
Retained Earnings	23.23	3.35	-	-
Total Common Equity	340.3	436.01	150.75	209.96
Minority Interest	453.68	172.05	-	-
Shareholders' Equity	793.99	608.07	150.75	209.96
Total Liabilities & Equity	1,366	1,003	288.95	276.02
Total Debt	560.29	381.24	128.68	57.61
Net Cash (Debt)	-529.54	-344.21	-90.86	-41.46
Net Cash Per Share	-19.02	-4.69	-	-
Filing Date Shares Outstanding	27.84	23.26	-	-
Total Common Shares Outstanding	27.84	23.26	-	-
Book Value Per Share	12.22	18.75	-	-
Tangible Book Value	203.34	390.75	122.11	179.08
Tangible Book Value Per Share	7.30	16.80	-	-
Land	-	855.09	157.74	157.49
Buildings	-	5.16	2.59	2
Construction In Progress	-	0.01	-	0.63

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

SEC Filings: 10-K · 10-Q