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
Cash & Equivalents	30.74	37.03	37.82	25.35
Cash & Short-Term Investments	30.74	37.03	37.82	25.35
Cash Growth	-16.99%	-2.09%	49.20%	-
Accounts Receivable	19.36	12.54	12.38	10.9
Other Receivables	4.95	2.11	1.04	0.42
Total Trade Receivables	24.31	14.66	13.42	11.33
Other Current Assets	4.77	1.63	1.04	0.63
Total Current Assets	59.82	53.32	52.28	37.31
Net Property, Plant & Equipment	1,084	902.74	203.02	207.31
Other Intangible Assets	136.96	45.27	28.64	30.88
Other Long-Term Assets	84.83	31.16	5.01	0.52
Total Assets	1,366	1,032	288.95	276.02
Accounts Payable	0.56	0.49	0.2	0.04
Accrued Expenses	7.78	7.19	4.95	2.84
Current Portion of Long-Term Debt	0.69	0.42	20.34	11.69
Unearned Revenue	1.26	1.22	0.28	1.33
Other Current Liabilities	1.99	5.09	1.34	1.29
Total Current Liabilities	12.29	14.41	27.1	17.19
Long-Term Debt	559.59	380.82	108.34	45.92
Other Long-Term Liabilities	0.19	0.18	2.76	2.96
Total Long-Term Liabilities	559.79	381	111.1	48.87
Total Liabilities	572.07	395.41	138.2	66.06
Common Stock	317.07	208.43	-	-
Retained Earnings	23.23	3.35	-	-
Total Common Shareholders' Equity	340.3	211.78	-	-
Minority Interest	453.68	425.3	150.75	209.96
Shareholders' Equity	793.99	637.07	150.75	209.96
Total Liabilities & Equity	1,366	1,032	288.95	276.02
Total Debt	560.29	381.24	128.68	57.61
Net Cash (Debt)	-529.54	-344.21	-90.86	-32.26
Net Cash Per Share	-6.92	-4.69	-	-
Book Value	340.3	211.78	0	0
Book Value Per Share	4.45	2.89	-	-
Tangible Book Value	203.34	166.51	-28.64	-30.88
Tangible Book Value Per Share	2.66	2.27	-	-

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q