NYSE$LB

LandBridge Company LLC · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

LandBridge reported Q1 2025, revenue of $44M, net income of $15.5M, diluted EPS of $0.85.

For Q1 2025, LandBridge reported revenue of $44M, net income of $15.5M, diluted EPS was $0.85. The filing highlights segment performance, liquidity, and management commentary on the period.

  • Revenue $44M.
  • Net income $15.5M.
  • Diluted EPS $0.85.

Headline financials

Total Revenue

$44M

Previous: $19M+131.2%
EPS (adj)

$0.85

Previous: $0.74+14.7%
Net Income Margin

35.0%

Previous: 57.0%-38.6%
Adjusted EBITDA

$38.8M

Previous: $16.9M+129.4%
Adjusted EBITDA Margin

88.0%

Previous: 89.0%-1.1%
Operating Cash Flow Margin

36.0%

Previous: 91.0%-60.4%
Free Cash Flow Margin

36.0%

Previous: 90.0%-60.0%
Free Cash Flow

$6.46M

No prior period
Net Income

$6.46M

Previous: $10.8M-40.0%
Operating Income

$25M

Previous: $13.5M+85.2%
Cash & Equivalents

$14.9M

Previous: $8.89M+68.0%
Total Assets

$1.01B

Previous: $310M+224.8%

Revenue & EPS history

LandBridge Company LLC · Revenue · Quarterly

$44M

Q1 2025+131.2%vs Q1 2024
Beat estimate in 3 of 6 quarters(50%)
ActualEstimate

Revenue by segment

LandBridge Company LLC · $19M total across 8 segments · Q1 2024

  • Easements & Surface Revenue
    $4.75M
  • Oil and Gas Royalties
    $4.19M
  • Resource Sales
    $3.42M
  • Surface Use Royalties - RP
    $2.61M
  • Resource Royalties
    $1.98M
  • Surface Use Royalties
    $1.6M
  • Easements & Surface - RP
    $383K
  • Resource Sales - RP
    $93K

Forward guidance

REIT and BDC filers discuss portfolio yield, NAV, and dividend coverage rather than GAAP EPS guidance.

Tailwinds

  • Portfolio yield and origination pace.
  • Occupancy and rent spreads where applicable.
  • Balance-sheet refinancing flexibility.

Headwinds

  • Interest expense on floating-rate debt.
  • Credit losses or tenant stress.
  • Capital markets access for growth.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 6 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+1.3%

Avg return

Earnings day

+1.7%

Avg return

5 days after

-2.8%

Avg return

30 days after

43%

3 / 7 earnings

Positive

+22.7%

Q3 2024

Best reaction

-11.3%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.2%+1.1%+5.8%
Q4 2025+13.8%+12.0%+10.0%
Q3 2025-10.5%-23.9%-32.3%
Q1 2025-11.3%+1.2%-5.9%
Q4 2024-6.1%+4.2%-8.9%
Q3 2024+22.7%+13.8%+4.2%
Q2 2024+1.0%+3.2%+7.7%
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro