LandBridge Company LLC

LB Energy Oil & Gas E&P

LandBridge Company LLC’s revenue for fiscal 2025 (year ended December 2025) was $199.1 million, up 81.1% from fiscal 2024.

Revenue
+39.5%
EPS
+41.9%
Free cash flow
+44.9%
Total debt
+105.9%

Quarter to September 2026, against a year earlier

62.27 6.99 −10.09%
Market cap
$4.8B
P/E
42.4×
Fwd P/E
57.6×
Dividend yield
—
F-score
7/9
Altman Z
1.77
Beneish M
−1.46
Dividend safety
n/a

LandBridge Company LLC 10-K filed Feb 26, 2026

Fiscal year 2025 · Period ended Dec 31, 2025 · Filed · accepted 6:22 PM ET · Document on sec.gov · Filing index

Red flags

  • Restatement

    LandBridge Company LLC’s 10-K corrects an error in previously issued financial statements

    10-K filed · The filing · sec.gov

What changed

Item 1, Business, against the 10-K filed Mar 6, 2025: 8 added · 47 removed · 64 modified; 9 with only figures updated; 1 moved without change

  1. Modified

    LandBridge was formed on September 27, 2023 as a Delaware limited liability company to serve as the issuer in an initial public offering of equity, which closed on July 1, 2024 (the “IPO”). LandBridge is a holding company, the sole material principal asset of which is membership interests in OpCo. LandBridge is also the sole managing member of OpCo. Unless otherwise indicated or the context otherwise requires, references in this Annual Report to “LandBridge”, “us,” “we,” “our” or the “Company” are to (i) OpCo and its subsidiaries before the completion of the corporate reorganization in connection with the IPO (the “Corporate Reorganization”) and (ii) LandBridge and its subsidiaries as of the completion of the Corporate Reorganization. For more information on the IPO and the Corporate Reorganization, please see “—2024 Significant Events.”