| Schedule of Computation of Basic and Diluted Earnings Per Share |
The following table sets forth the computation of basic and diluted EPS attributable to our Class A shares for the three months ended March 31, 2026 and 2025.
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Three Months Ended March 31, |
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(in thousands, except for share and per share amounts) |
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2026 |
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2025 |
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Numerator |
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Net income |
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$ |
17,868 |
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$ |
15,459 |
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Less: Net income attributable to noncontrolling interest |
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9,153 |
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8,995 |
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Net income attributable to LandBridge Company LLC |
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8,715 |
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6,464 |
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Less: Earnings allocated to participating securities |
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165 |
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202 |
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Basic net income attributable to LandBridge Company LLC |
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$ |
8,550 |
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$ |
6,262 |
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Plus: Net income attributable to noncontrolling interest |
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9,153 |
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8,995 |
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Plus: Undistributed earnings reallocation adjustment to participating securities |
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- |
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1 |
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Diluted net income attributable to shareholders |
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$ |
17,703 |
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$ |
15,258 |
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Denominator |
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Basic weighted average shares outstanding |
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27,838,580 |
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23,255,419 |
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Dilutive Class B shares outstanding |
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49,240,351 |
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53,209,359 |
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Diluted weighted average shares outstanding |
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77,078,931 |
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76,464,778 |
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Basic net income per share of Class A shares |
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$ |
0.31 |
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$ |
0.27 |
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Diluted net income per share of Class A shares |
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$ |
0.23 |
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$ |
0.20 |
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