LandBridge Co. has recently released its 10-Q report, providing insights into its financial performance and operations. The company, founded in 2021 and based in Houston, Texas, owns and manages land and resources to support and enhance oil and natural gas development in the United States. It holds approximately 277,000 surface acres in and around the Delaware Basin in Texas and New Mexico and has a portfolio of oil and gas royalties. The company also sells brackish water and other surface composite materials. LandBridge operates as a subsidiary of LandBridge Holdings LLC.
In its 10-Q report, LandBridge Co. discussed the management's discussion and analysis of financial condition and results of operations. The company reported revenues of $50.8 million for the third quarter of 2025, marking a significant 78% increase compared to the same period in 2024. Net income also saw a substantial rise, reaching $20.3 million, an 836% increase from the third quarter of 2024. The company's adjusted EBITDA stood at $44.9 million, marking a 79% increase from the third quarter of 2024.
The report also highlighted a recent development involving the acquisition of approximately 37,500 total acres across Reeves, Loving, Winkler, and Ward counties in Texas, and certain related assets for an aggregate purchase price of $250.0 million. This acquisition was funded through a combination of cash and units representing limited liability company interests.
LandBridge Co. emphasized its revenue generation sources, including surface use royalties and revenues, easements, and other surface-related income, as well as resource sales and royalties. The company's strategy revolves around actively managing its land and resources to support and encourage energy and infrastructure development, aiming to generate long-term revenue and returns for its shareholders.
Despite the challenges posed by global economic volatility and industry consolidation, LandBridge Co. remains optimistic about the outlook for energy and infrastructure development, particularly within the Permian Basin. The company believes it is well-positioned to benefit from the continued build-out of supporting infrastructure in the region, as well as advancements in alternative forms of energy.
The 10-Q report provides a comprehensive overview of LandBridge Co.'s financial performance, recent developments, and its strategic focus on supporting energy and infrastructure development in the United States. Today the company's shares have moved -8.61% to a price of $78.188. For more information, read the company's full 10-Q submission here.
