Landbridge Company Llc Stock Price, News & Analysis

LandBridge (NYSE: LB) has announced a quarterly cash dividend declaration. The company's Board of Directors has approved a dividend payment of $0.10 per Class A share. Shareholders who are on record as of March 6, 2025, will receive the dividend payment on March 20, 2025.

LandBridge has announced it will release its Q4 and fiscal year 2024 financial results after market close on Wednesday, March 5, 2025. The company will host a webcast and conference call to discuss these results on Thursday, March 6, 2025, at 8:00 a.m. Central Time / 9:00 a.m. Eastern Time.

Interested parties can access the live webcast through the Events and Presentations section of LandBridge's Investor Relations website. For the conference call, participants must pre-register online to receive unique dial-in information. An audio replay will be available after the call through March 20, 2025.

WaterBridge has announced long-term commercial agreements with BPX Energy to support development in the Delaware Basin. WaterBridge will construct and operate 400MBbls/d of new produced water handling capacity over the next three years, with potential expansion to 600MBbls/d. This agreement includes a 10-year minimum volume commitment by BPX Energy.

WaterBridge’s affiliate relationship with LandBridge Company enables sustainable development, leveraging over 273,000 surface acres in the Delaware Basin. The agreements include constructing a large-diameter gathering and transportation system to efficiently transport water from BPX Energy’s development sites in Reeves County, Texas.

WaterBridge’s CEO, Jason Long, emphasized the strategic expansion of their relationship with BPX Energy, highlighting their resources and scalable infrastructure. BPX Energy’s CEO, Kyle Koontz, praised WaterBridge’s operational expertise and sustainable water solutions. Michael Reitz, COO of WaterBridge, noted the importance of surface access and their ability to disperse water volumes across a broad area.

LandBridge (NYSE: LB) has completed the acquisition of the Wolf Bone Ranch, comprising approximately 46,000 surface acres in the Delaware Basin from VTX Energy Partners. The acquisition expands LandBridge's holdings to ~273,000 acres, with the newly acquired property located in Reeves and Pecos Counties, Texas.

The deal was funded through a $200 million Private Placement and $45 million in debt facilities. VTX Energy committed to a minimum annual revenue of $25 million for five years, covering surface operations, brackish water usage, and produced water handling royalties. LandBridge reaffirmed its 2025 Adjusted EBITDA guidance of $170-190 million, including earnings from this acquisition.

LandBridge (NYSE: LB) has completed the acquisition of ~5,800 surface acres in Lea County, New Mexico, expanding its Delaware Basin presence. Combined with recent acquisitions including the Wolf Bone Ranch agreement, LandBridge's Q4 2024 acquisitions total ~53,080 acres at a 7.6x 2025E EBITDA multiple. The company's total surface acreage will reach ~272,000 acres post-Wolf Bone Ranch closing. The acquisitions are expected to provide >20% accretion to 2025E FCF per share and increase 2025 Adjusted EBITDA guidance to $170-190 million. Financing includes equity and debt, with management and Five Point Energy maintaining ~70% ownership post-private placement.

LandBridge (NYSE: LB) has announced an agreement to acquire the Wolf Bone Ranch, comprising 46,000 surface acres in the Southern Delaware Basin, for $245 million in cash from VTX Energy Partners. The acquisition includes land with existing produced water operations processing 300 MBbls/d and features a $25 million minimum annual revenue commitment from VTX Energy for five years. The transaction will be partially funded through a private placement of 5,830,419 Class A shares at $60.03 per share. The acquisition and private placement are expected to close in Q4 2024, increasing LandBridge's total holdings to approximately 272,000 surface acres.

LandBridge Company (NYSE: LB) reported Q3 2024 financial results with revenue of $28.5 million, up 60% year-over-year. The company posted a net loss of $2.8 million and Adjusted EBITDA of $25.0 million, up 62% year-over-year. Key highlights include a declared initial quarterly cash dividend of $0.10 per share, acquisition of 1,280 surface acres in Texas, and a purchase agreement for 5,800 acres in New Mexico. The company also entered into a lease development agreement for a data center in Reeves County, Texas, and provided FY24 Adjusted EBITDA guidance of $95-100 million and FY25 guidance of $140-160 million.

LandBridge Company has announced the schedule for its third quarter 2024 earnings release and conference call. The financial results will be released after market close on Wednesday, November 6, 2024. A webcast and conference call to discuss the results will be held on Thursday, November 7, 2024, at 8:00 a.m. Central Time / 9:00 a.m. Eastern Time.

To access the live webcast, investors can visit the Investor Relations section of LandBridge's website. For the conference call, participants should dial (800) 715-9871 (or (646) 307-1963 for international participants) and provide the Conference ID 4907698. An audio replay will be available until November 21, 2024, accessible by dialing (800) 770-2030 with the same Conference ID.

LandBridge Company (NYSE: LB) reported Q2 2024 financial results, showing 20% year-over-year revenue growth to $26.0 million. The company posted a net loss of $57.7 million, primarily due to a $71.8 million non-cash expense related to incentive units. Adjusted EBITDA increased 24% to $23.4 million, with a 90% margin. LandBridge completed acquisitions of East Stateline Ranch and Speed Ranch, expanding its total surface ownership to approximately 220,000 acres. The company also closed its IPO and entered a non-binding LOI for a data center development. LandBridge's diversified revenue streams include surface use royalties, resource sales, and oil and gas royalties. The company generated $16.0 million in operating cash flow and $15.7 million in free cash flow.