FY2025 · ended Dec 31, 2025 · Revenue $199.09M, +81.1% YoY · Filed Feb 26, 2026
LandBridge Company LLC (LB) files with the SEC under industry code 6792, Oil Royalty Traders. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $199.1 million and net income of $30.1 million. Free cash flow was $122.0 million. As of Jun 30, 2026 it held $39.8 million in cash and investments and $535.7 million in total debt.
Revenue (TTM)
$225.45M
+44.1% vs year-ago TTM
Net income (TTM)
$37.16M
-43.7% vs year-ago TTM
Operating cash flow (TTM)
$155.52M
+77.5% vs year-ago TTM
Free cash flow (TTM)
$151.28M
+76.3% vs year-ago TTM
EPS (TTM)
$0.47
Dividend per share
None
Shares outstanding
23.26M
Net cash
$-495.93M
as of Jun 30, 2026
Operating margin
61.3%
FY 2026
Company profile
- Industry
- Oil Royalty Traders (SIC 6792)
- Listed as
- LB (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- TX
- Headquarters
- Houston, TX
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1995807
- Former names
- LandBridge Co LLC (until Oct 1, 2026)
Other Oil Royalty Traders companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
|---|---|---|
| Revenue | $199.1M | $110.0M |
| Operating income | $118.5M | -$16.5M |
| Net income | $30.1M | $5.1M |
| Diluted EPS | $0.94 | $0.07 |
| Operating cash flow | $126.3M | $67.6M |
| Free cash flow | $122.0M | $66.7M |
| Total assets | $1.4B | $1.0B |
| Total liabilities | $572.1M | $395.4M |
| Stockholders' equity | $340.3M | $211.8M |
| Cash and investments | $30.7M | $37.0M |
| Total debt | $570.7M | $385.5M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Nov 5, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations, Regulation FD disclosure
|
Nov 4, 2026 | Nov 4, 2026 |
| 8-K |
Current report
Material agreement, New debt
|
Oct 1, 2026 | Oct 1, 2026 |
| 8-K |
Current report
Regulation FD disclosure, Other events
|
Sep 22, 2026 | Sep 22, 2026 |
| 8-K |
Current report
Regulation FD disclosure, Other events
|
Sep 22, 2026 | Sep 22, 2026 |
| 8-K |
Current report
Officer or director change
|
Sep 21, 2026 | Sep 18, 2026 |
All 199 LandBridge Company LLC SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.