v3.26.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues:        
Total revenues $ 70,890 $ 50,831 $ 188,735 $ 142,315
Resource sales-related expense 1,094 438 2,624 1,384
Other operating and maintenance expense 1,370 1,160 3,967 3,349
General and administrative expense 15,890 15,864 47,516 45,356
Depreciation, depletion and amortization 4,555 2,584 13,354 7,730
Other operating (income) expense, net (266) (100) (309) 71
Operating income 48,247 30,885 121,583 84,425
Interest expense 9,854 7,889 28,555 23,745
Other expense, net 0 0 27 0
Income before income taxes 38,393 22,996 93,001 60,680
Income tax expense 4,345 2,705 10,036 6,455
Net income 34,048 20,291 82,965 54,225
Less: Net income attributable to noncontrolling interest 21,090 12,184 49,005 32,153
Net income attributable to LandBridge Company, LLC $ 12,958 $ 8,107 $ 33,960 $ 22,072
Net income per share of Class A shares        
Basic $ 0.44 $ 0.31 $ 1.18 $ 0.89
Diluted $ 0.44 $ 0.26 $ 1.07 $ 0.7
Weighted average shares outstanding of Class A shares        
Basic 29,149,839 25,335,054 28,321,108 24,227,677
Diluted 29,149,839 76,518,549 77,044,928 76,459,219
Related Party [Member]        
Revenues:        
Total revenues $ 25,848 $ 13,294 $ 62,581 $ 37,787
Surface Use Royalties [Member] | Nonrelated Party [Member]        
Revenues:        
Total revenues 13,485 8,235 37,203 27,775
Surface Use Royalties [Member] | Related Party [Member]        
Revenues:        
Total revenues 12,887 10,152 36,967 24,743
Easements and Other Surface Related Revenues [Member] | Nonrelated Party [Member]        
Revenues:        
Total revenues 17,002 15,840 48,550 36,552
Easements and Other Surface Related Revenues [Member] | Related Party [Member]        
Revenues:        
Total revenues 10,936 807 20,754 6,388
Resource Sales [Member] | Nonrelated Party [Member]        
Revenues:        
Total revenues 6,165 4,501 17,012 17,122
Resource Sales [Member] | Related Party [Member]        
Revenues:        
Total revenues 561 731 1,425 1,098
Resource Royalties [Member] | Nonrelated Party [Member]        
Revenues:        
Total revenues 4,330 3,929 12,718 11,927
Resource Royalties [Member] | Related Party [Member]        
Revenues:        
Total revenues 1,464 1,604 3,435 5,558
Oil and Gas Royalties [Member]        
Revenues:        
Total revenues 4,060 3,332 10,606 9,452
Other [Member]        
Revenues:        
Total revenues $ 0 $ 1,700 $ 65 $ 1,700