LandBridge Company LLC Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	29.68	30.74	37.03	37.82	25.35
Cash & Short-Term Investments	29.68	30.74	37.03	37.82	25.35
Cash Growth	98.72%	-16.99%	-2.09%	49.20%	-
Accounts Receivable	18.49	19.36	12.54	12.38	10.9
Other Receivables	7.74	4.95	2.11	1.04	0.42
Total Trade Receivables	26.23	24.31	14.66	13.42	11.33
Other Current Assets	3.36	4.77	1.63	1.04	0.63
Total Current Assets	59.26	59.82	53.32	52.28	37.31
Net Property, Plant & Equipment	1,085	1,084	902.74	203.02	207.31
Other Intangible Assets	134.2	136.96	45.27	28.64	30.88
Other Long-Term Assets	84.18	84.83	31.16	5.01	0.52
Total Assets	1,362	1,366	1,032	288.95	276.02
Accounts Payable	0.37	0.56	0.49	0.2	0.04
Accrued Expenses	14.19	7.78	7.19	4.95	2.84
Current Portion of Long-Term Debt	0.43	0.69	0.42	20.34	11.69
Unearned Revenue	1.38	1.26	1.22	0.28	1.33
Other Current Liabilities	2.44	1.99	5.09	1.34	1.29
Total Current Liabilities	18.82	12.29	14.41	27.1	17.19
Long-Term Debt	535.11	559.59	380.82	108.34	45.92
Other Long-Term Liabilities	0.19	0.19	0.18	2.76	2.96
Total Long-Term Liabilities	535.3	559.79	381	111.1	48.87
Total Liabilities	554.12	572.07	395.41	138.2	66.06
Common Stock	315.91	317.07	208.43	-	-
Retained Earnings	28.58	23.23	3.35	-	-
Total Common Shareholders' Equity	344.5	340.3	211.78	-	209.96
Minority Interest	463.62	453.68	425.3	150.75	209.96
Shareholders' Equity	808.12	793.99	637.07	150.75	419.92
Total Liabilities & Equity	1,362	1,366	1,032	288.95	276.02
Total Debt	535.54	560.29	381.24	128.68	57.61
Net Cash (Debt)	-505.86	-529.54	-344.21	-90.86	-32.26
Net Cash Per Share	-6.60	-6.92	-4.50	-	-
Book Value	344.5	340.3	211.78	0	209.96
Book Value Per Share	4.49	4.45	2.77	-	-
Tangible Book Value	210.29	203.34	166.51	-28.64	179.08
Tangible Book Value Per Share	2.74	2.66	2.18	-	-

SEC Filings: 10-K · 10-Q