Welcome to our dedicated page for Landbridge Company SEC filings (Ticker: LB), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
LandBridge Company LLC filings document an operating land and resource management business whose Class A shares representing limited liability company interests trade under LB on the New York Stock Exchange and NYSE Texas. Form 8-K reports furnish quarterly and annual results, Regulation FD investor presentations, material agreements and capital-structure updates.
Proxy materials describe shareholder meeting procedures, voting matters and board governance for the LLC. The filing record also includes disclosures about subsidiary financing, senior notes, credit-facility refinancing, underwriting activity involving Class A shares and covenants tied to the company's land-based revenue model.
LandBridge Co LLC ownership update: Morgan Stanley and Morgan Stanley Investment Management Inc. filed Amendment No. 4 to Schedule 13G/A reporting beneficial ownership of 4.1% of Class A Shares (CUSIP 514952100). The filing lists shared voting power of 1,037,826 and shared dispositive power of 1,141,052 for Morgan Stanley, and shared voting power of 1,028,168 and shared dispositive power of 1,130,253 for Morgan Stanley Investment Management Inc.
The filers state they have "ceased to be the beneficial owner of more than five percent" of the class as of the date of the filing. Signatures are dated 05/12/2026. The filing is a joint disclosure by MS reporting units and includes Exhibit 99.1 (Joint Filing Agreement) and Exhibit 99.2 (Item 7 information).
LandBridge Company LLC reported solid first-quarter 2026 growth driven by higher surface and royalty revenue on its Permian Basin acreage. Revenue reached $51.0 million, up 16% year over year, as easements and other surface-related revenues and surface use royalties both increased sharply.
Net income rose 16% to $17.9 million, with basic EPS of $0.31 per Class A share and an Adjusted EBITDA of $44.9 million, reflecting an 88% margin. Operating cash flow jumped to $41.1 million, supporting $40.9 million of Free Cash Flow and funding dividends of $0.12 per share plus distributions to OpCo unitholders.
LandBridge ended the quarter with $29.7 million in cash, total debt of $545.5 million and liquidity of about $259.7 million, including undrawn revolver capacity. The company acquired additional surface acreage in Reeves County and the board authorized a $50 million Class A share repurchase program running through December 2027.
LandBridge Company LLC reported strong first quarter 2026 results and raised its full-year outlook. Revenue was $51.0 million, up 16% year-over-year, with net income of $17.9 million also rising 16% and net income margin at 35%.
Adjusted EBITDA reached $44.9 million, up 16% year-over-year, with an 88% margin. Operating cash flow was $41.1 million and Free Cash Flow was $40.9 million, both up 158% year-over-year, supporting a quarterly dividend of $0.12 per share and debt reduction to $545 million.
The company increased 2026 Adjusted EBITDA guidance to a range of $210 million to $230 million, implying about 24% projected growth at the midpoint. LandBridge also added approximately 5,700 acres via bolt-on acquisitions and entered a lease development agreement for the planned Alpha Digital Campus data center project.
LandBridge Company LLC is holding its 2026 Annual Meeting on June 18, 2026 at 3:00 p.m. Central Time in a hybrid in-person and virtual format. Shareholders of record as of April 23, 2026 can vote online, by phone, by mail, or during the meeting.
Investors will vote on four items: electing 11 directors, ratifying Deloitte & Touche LLP as independent auditor for 2026, an advisory “say‑on‑pay” vote on 2025 executive compensation, and an advisory vote on how often future say‑on‑pay votes should occur, with the Board recommending one year.
The proxy also describes LandBridge’s status as a NYSE “controlled company,” current governance structure with an all‑independent Audit Committee, use of a shared services agreement for executive management, and a pay‑versus‑performance table tying reported compensation to total shareholder return and net income.
LandBridge Company LLC furnished an update indicating it has posted a new investor presentation titled “LandBridge 2026 Investor Day” on its Investor Relations webpage. The materials are available in the Events & Presentations section of the company’s website and may be supplemented with additional investor materials over time.
The information related to this presentation is being furnished rather than filed under securities laws, meaning it is not subject to certain legal liabilities and is not automatically incorporated into other securities filings unless specifically referenced.
LandBridge Co LLC director-associated entity reports open-market sales of Class A shares. Class A shares representing limited liability company interests in LandBridge Co LLC that are directly held by Wincrest Ventures, LP, an entity over which director Charles L. Watson may exercise voting and investment control, were sold in open-market transactions.
Across 2026-03-02, 2026-03-04, and 2026-03-06, Wincrest Ventures, LP sold a total of 53,350 Class A shares at reported prices of $74.0661, $75.1884, and $75.0043 per share, with one transaction described as a weighted average price for trades between $75.1477 and $75.6468 per share. Following these indirect sales, 64,250 Class A shares remain indirectly held through Wincrest Ventures, and 9,554 Class A shares are reported as held directly.
LandBridge Company LLC files its annual report describing a fast-growing surface land and resource business in the Delaware Basin. For the year ended December 31, 2025, total revenues reached $199.1 million, with net income of $72.4 million and Adjusted EBITDA of $177.2 million.
The company generated Free Cash Flow of $122.0 million on minimal capital expenditures of $4.2 million, reflecting an asset-light model where customers fund most infrastructure on over 315,000 surface acres. Revenue comes mainly from surface use royalties and fees, resource sales (brackish water, caliche, sand-related royalties) and oil and gas royalties.
LandBridge highlights deep integration with water midstream operator WaterBridge, which handled about 2.5 million barrels per day of produced water across 4.8 million barrels per day of capacity, including substantial capacity on LandBridge acreage. The company also emphasizes growth through 2024–2025 land acquisitions, new commercial uses such as solar projects and data center development, and notes total debt of $570.7 million outstanding at year-end 2025.
LandBridge Company LLC reported strong fourth quarter and full-year 2025 results, highlighted by rapid growth and high margins. Q4 2025 revenue was $56.8 million, up 56% year-over-year and 12% sequentially, with net income of $18.2 million and Adjusted EBITDA of $51.1 million, a 90% margin.
For 2025, revenue reached $199.1 million, up 81% year-over-year, while net income was $72.4 million and Adjusted EBITDA was $177.2 million, an 89% margin. Operating cash flow was $126.3 million and Free Cash Flow was $122.0 million, reflecting a 61% Free Cash Flow margin.
The company refinanced its debt with a $500.0 million 6.25% senior notes offering and a new $275.0 million revolver, ending 2025 with $235.7 million of liquidity, $30.7 million of cash and $570.0 million of borrowings. The board raised the quarterly dividend 20% to $0.12 per share, authorized up to $50 million of Class A share repurchases through year-end 2027, and issued 2026 Adjusted EBITDA guidance of $205–$225 million, implying over 20% projected growth at the midpoint.
Morgan Stanley and Morgan Stanley Investment Management Inc. report passive ownership of LandBridge Co LLC Class A Shares. They beneficially own 2,110,782 shares, representing 8.3% of the class, as of 01/31/2026. The firms state the position is held in the ordinary course of business, without the purpose or effect of changing or influencing control of LandBridge.