v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Total revenues $ 66,840 $ 47,533 $ 117,845 $ 91,484
Resource sales-related expense 1,133 489 1,530 947
Other operating and maintenance expense 1,328 1,065 2,597 2,189
General and administrative expense 15,900 14,800 31,626 29,492
Depreciation, depletion and amortization 4,374 2,545 8,799 5,146
Other operating (income) expense, net (53) 132 (43) 171
Operating income 44,158 28,502 73,336 53,539
Interest expense, net 9,190 7,879 18,701 15,856
Other expense, net 17 0 27 0
Income before income taxes 34,951 20,623 54,608 37,683
Income tax expense 3,902 2,148 5,691 3,749
Net income 31,049 18,475 48,917 33,934
Less: Net income attributable to noncontrolling interest 18,762 10,973 27,915 19,968
Net income attributable to LandBridge Company, LLC $ 12,287 $ 7,502 $ 21,002 $ 13,966
Net income per share of Class A shares        
Basic $ 0.43 $ 0.3 $ 0.74 $ 0.57
Diluted $ 0.4 $ 0.24 $ 0.63 $ 0.44
Weighted average shares outstanding of Class A shares        
Basic 27,960,494 24,069,705 27,899,874 23,664,811
Diluted 76,991,052 76,394,121 77,034,749 76,429,063
Related Party [Member]        
Revenues:        
Total revenues $ 21,050 $ 12,212 $ 36,733 $ 24,492
Surface Use Royalties [Member] | Nonrelated Party [Member]        
Revenues:        
Total revenues 12,527 9,019 23,718 19,540
Surface Use Royalties [Member] | Related Party [Member]        
Revenues:        
Total revenues 13,039 7,676 24,080 14,591
Easements and Other Surface Related Revenues [Member] | Nonrelated Party [Member]        
Revenues:        
Total revenues 19,948 14,271 31,548 20,711
Easements and Other Surface Related Revenues [Member] | Related Party [Member]        
Revenues:        
Total revenues 6,655 3,248 9,818 5,581
Resource Sales [Member] | Nonrelated Party [Member]        
Revenues:        
Total revenues 5,622 5,456 10,847 12,622
Resource Sales [Member] | Related Party [Member]        
Revenues:        
Total revenues 659 181 864 367
Resource Royalties [Member] | Nonrelated Party [Member]        
Revenues:        
Total revenues 4,119 3,841 8,388 7,999
Resource Royalties [Member] | Related Party [Member]        
Revenues:        
Total revenues 697 1,107 1,971 3,953
Oil and Gas Royalties [Member]        
Revenues:        
Total revenues 3,574 2,734 6,546 6,120
Other [Member]        
Revenues:        
Total revenues $ 0 $ 0 $ 65 $ 0