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LandBridge Company LLC (LB) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

ENERGY · OIL & GAS EQUIPMENT & SERVICES · DATA UPDATED 2026-08-16

LandBridge Company LLC (LB) operates in the OIL & GAS EQUIPMENT & SERVICES industry and is headquartered in Houston, United States. Its market capitalization is roughly $7 billion. In the fiscal year ended 2025-12-31, LB reported $199M in revenue and $30M in net income.

LandBridge Company LLC, together with its subsidiaries, owns and manages land and resources to support and enhance oil and natural gas development in the United States. It owns surface acres in and around the Delaware Basin in Texas and New Mexico. The company holds a portfolio of oil and gas royalties.

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LB Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-31
Total Revenue$225M$199M$110M$73M$52M
Gross Profit$208M$181M$99M$61M$41M
Gross Margin %92.4%91.0%90.0%83.2%79.6%
Operating Income (EBIT)$144M$118M($17M)$70M($3M)
Operating Margin %63.9%59.5%-15.0%96.1%-6.2%
Net Income$46M$30M$5M$63M($6M)
Net Margin %20.5%15.1%4.7%86.7%-12.3%
EBITDA$149M$126M($7M)$79M$4M
Earnings Per Share (EPS)$1.48$1.08$0.07$4.36$-0.44
Shares Outstanding (M)28M28M73M14M14M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

LB Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$67M$51M$57M$51M$48M$44M$36M$28M
Gross Profit$64M$45M$51M$48M$43M$41M$34M$26M
Gross Margin %96.3%88.1%90.2%94.0%91.4%93.0%91.9%91.4%
Operating Income (EBIT)$44M$29M$40M$31M$29M$25M$18M$3M
Operating Margin %66.1%57.2%70.4%60.8%60.0%57.0%49.4%11.2%
Net Income$12M$18M$8M$8M$7M$6M$2M$3M
Net Margin %18.4%35.0%14.2%16.0%15.3%14.7%6.7%9.3%
EBITDA$49M$34M$33M$33M$31M$28M$21M$5M
Earnings Per Share (EPS)$0.44$0.64$0.29$0.11$0.10$0.08$0.03$0.04
Shares Outstanding (M)28M28M28M77M76M76M75M73M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

LB Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-31
Cash from Operations (CFO)$156M$126M$68M$53M$20M
Capital Expenditures (CapEx)$21M$4M$1M$3M$3M
Free Cash Flow (FCF)$134M$122M$67M$50M$17M
FCF Margin %59.6%61.3%60.6%69.0%33.2%
Dividends Paid$101M$64M$178M$105M$1M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

LB Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)$41M$41M$38M$35M$37M$16M$27M$7M
Capital Expenditures (CapEx)$1M$2M$17M$1M$1M$0M$0M$0M
Free Cash Flow (FCF)$41M$39M$21M$34M$36M$16M$27M$7M
FCF Margin %60.6%76.4%37.1%66.3%75.9%36.0%73.2%25.1%
Dividends Paid$19M$15M$53M$15M$24M$14M$7M$171M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

LB Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-31
Total Assets$1.4B$1.4B$1.0B$289M$276M
Cash & Cash Equivalents$40M$31M$37M$38M$25M
Total Liabilities$545M$572M$395M$138M$66M
Total Debt (Short + Long-Term)$536M$560M$381M$129M$58M
Total Shareholders' Equity$356M$340M$436M$151M$210M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive LB viewer.

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