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LandBridge Company LLC Q1 2025 Earnings Report
LandBridge Company LLC announced strong financial and operating results for the first quarter ended March 31, 2025, with significant year-over-year and quarter-over-quarter revenue growth.
Key Takeaways
LandBridge Company LLC reported robust first quarter 2025 results, with revenues increasing 131% year-over-year to $44.0 million and net income reaching $15.5 million. Adjusted EBITDA also saw a substantial rise of 129% year-over-year to $38.8 million, demonstrating strong profitability and operational efficiency.
Revenues increased by 131% year-over-year and 20% quarter-over-quarter, reaching $44.0 million.
Net income for the quarter was $15.5 million, with a net income margin of 35%.
Adjusted EBITDA grew by 129% year-over-year to $38.8 million, achieving an Adjusted EBITDA Margin of 88%.
The company declared a quarterly cash dividend of $0.10 per share and reaffirmed its FY25 EBITDA outlook of $170 million to $190 million.
LandBridge Company LLC
LandBridge Company LLC
LandBridge Company LLC Revenue by Segment
Revenue by Segment
Surface use royalties Revenue
CapyFin.comSurface use royalties - Related party Revenue
CapyFin.comEasements and other surface-related revenues Revenue
CapyFin.comEasements and other surface-related revenues - Related party Revenue
CapyFin.comResource sales Revenue
CapyFin.comResource sales - Related party Revenue
CapyFin.comResource royalties Revenue
CapyFin.comResource royalties - Related party Revenue
CapyFin.comOil and gas royalties Revenue
CapyFin.com Forward Guidance
LandBridge Company LLC re-affirms its fiscal year 2025 Adjusted EBITDA outlook to be between $170 million and $190 million.
Positive Outlook
- Incremental contribution from recent acquisitions.
- Initial solar facility contributions to surface use revenues.
- Growth of surface use royalties through higher produced water volumes.
- Updates to resource sales and royalties based on current timing and volume expectations.
- Updates to anticipated commodity pricing based on current regional pricing dynamics.
Challenges Ahead
- Challenges and impracticability of estimating certain non-recurring gains or losses.
- Unusual or non-recurring items are difficult to predict.
- Income tax benefit or expense may vary.
- One-time transaction costs are uncertain.
- Cost of revenue may fluctuate.