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 insider trading report: An executive officer reported buying additional shares of the company. On 01/05/2026, the Executive Vice President and General Counsel purchased 850 Class A shares of LandBridge Co LLC at a price of $46.84 per share. After this transaction, the officer directly owns 66,874 Class A shares. This filing reflects the individual’s updated ownership position in the company’s equity.
LandBridge Co LLC executive Scott L. McNeely, Executive Vice President and Chief Financial Officer, reported an acquisition of company equity. On January 6, 2026, he acquired 549 Class A shares of LandBridge Co LLC at a price of $45.49 per share. Following this transaction, he beneficially owned 81,276 Class A shares, held in direct ownership. The filing covers this single equity purchase by one reporting person.
LandBridge Co LLC reported an insider share purchase by a company leader. A reporting person who is both a director and the company’s President and Chief Executive Officer bought 2,143 Class A shares of LandBridge on 01/05/2026. The transaction is coded “P,” indicating a purchase, at a price of $46.59 per share. After this transaction, the insider directly holds 223,546 Class A shares.
LandBridge Company LLC, through subsidiary DBR Land Holdings LLC, completed a private placement of $500 million aggregate principal amount of 6.250% Senior Notes due 2030. The company plans to use the net proceeds from these notes, together with borrowings under a new revolving credit facility, to repay and terminate its existing credit facility, which had $370.2 million of outstanding borrowings as of September 30, 2025. The notes are senior unsecured obligations guaranteed on a senior unsecured basis by all existing subsidiaries and include customary covenants, redemption options starting before and after December 1, 2027, and a change of control repurchase feature at 101% of principal plus accrued interest.
LandBridge Co LLC director and 10% owner reports major share activity. On November 18, 2025, LandBridge Holdings redeemed 2,500,000 OpCo Units together with the cancellation of an equal number of Class B shares for 2,500,000 Class A shares of LandBridge Co LLC. It then sold the same 2,500,000 Class A shares in an underwritten public offering at $70.00 per share, which was the price to the underwriter. Following these transactions, the reporting persons indirectly beneficially owned 48,593,505 securities as shown in the filing, and held no Class A shares in the reported indirect account.
LandBridge Company LLC (LB) reported insider activity by a director and 10% owner involving its Up-C structure. On November 18, 2025, the reporting person redeemed 2,500,000 OpCo Units of DBR Land Holdings LLC, together with the cancellation of 2,500,000 Class B shares, for 2,500,000 Class A shares of LandBridge at no stated cash cost. The same day, the reporting person sold 2,500,000 Class A shares in an underwritten public offering at $70.00 per share, transferring those shares to the public market.
Following these transactions, the reporting person continued to hold 48,593,505 derivative interests linked to LandBridge through OpCo Units and related Class B shares, while its direct Class A share position was reduced to zero. The structure allows OpCo Units plus Class B shares to be redeemed in the future for an equal number of newly issued Class A shares or cash, at LandBridge’s election, subject to certain requirements.
LandBridge Company LLC's major owners filed Amendment No. 3 to their Schedule 13D to update their holdings and recent transactions in Class A shares. The filing centers on a November 18, 2025 underwritten public offering in which LandBridge Holdings LLC sold 2,500,000 Class A shares at $70.00 per share after redeeming an equivalent number of OpCo Units and cancelling the same number of Class B shares. Following these changes, the reporting persons may be deemed to beneficially own 48,593,505 Class A shares, or about 63.6% of the outstanding Class A shares, with a stated fully diluted beneficial ownership of 63.0%. The amendment also notes prior cancellations of 28,004 and 119,987 OpCo Units (with corresponding Class B shares) in lieu of certain tax distributions, a 60‑day lock-up on additional sales, and a 30‑day underwriter option to purchase up to 375,000 additional Class A shares at $70.00 per share.
LandBridge Company LLC insider David N. Capobianco, through LandBridge Holdings LLC, reported a series of related equity transactions in LandBridge Co LLC (ticker LB) on November 18, 2025.
LandBridge Holdings redeemed 2,500,000 DBR Land Holdings LLC units, together with the cancellation of an equal number of Class B shares, for 2,500,000 Class A shares of the issuer at no stated share price. On the same date, LandBridge Holdings then sold 2,500,000 Class A shares in an underwritten public offering at $70.00 per share, which represents the price to the underwriter.
Following these transactions, an entity controlled by the reporting person remained an indirect holder of a large block of Class B shares and associated OpCo units, over which he may be deemed to have voting and dispositive power, while disclaiming beneficial ownership beyond his pecuniary interest.
LandBridge Company LLC reported that its subsidiary, DBR Land Holdings LLC, has priced a previously announced private placement of $500 million aggregate principal amount of 6.250% Senior Notes due 2030. These notes are a form of long-term debt carrying a fixed interest rate of 6.250% and maturing in 2030. The details were released through a press release, which is included as an exhibit to this report.
LandBridge Company LLC reported that its subsidiary, DBR Land Holdings LLC, has priced a previously announced private placement of $500 million aggregate principal amount of 6.250% Senior Notes due 2030. These notes are a form of long-term debt carrying a fixed interest rate of 6.250% and maturing in 2030. The details were released through a press release, which is included as an exhibit to this report.
LandBridge Company LLC, through subsidiary DBR Land Holdings LLC, entered into a new $275 million revolving credit agreement with Texas Capital Bank and other lenders. The facility matures on the earlier of June 30, 2030 or a date tied to the maturity of DBR Land’s senior notes and is secured by a first‑priority lien on substantially all assets of DBR Land and its subsidiaries. Proceeds from this revolver, together with net proceeds from a planned $500 million senior notes offering, are expected to repay and terminate the company’s existing credit facility.
The credit agreement includes quarterly financial covenants, such as a minimum interest coverage ratio of 2.50:1.00, a maximum total net leverage ratio of 5.00:1.00 (temporarily 5.25:1.00 around certain acquisitions), and a maximum senior secured net leverage ratio of 3.50:1.00. After giving effect to the notes offering and the 1918 Ranch acquisition, LandBridge estimates a Debt Service Coverage Ratio of 5.0x, up from historical levels between 3.0x and 4.4x.
LandBridge Company LLC, through subsidiary DBR Land Holdings LLC, entered into a new $275 million revolving credit agreement with Texas Capital Bank and other lenders. The facility matures on the earlier of June 30, 2030 or a date tied to the maturity of DBR Land’s senior notes and is secured by a first‑priority lien on substantially all assets of DBR Land and its subsidiaries. Proceeds from this revolver, together with net proceeds from a planned $500 million senior notes offering, are expected to repay and terminate the company’s existing credit facility.
The credit agreement includes quarterly financial covenants, such as a minimum interest coverage ratio of 2.50:1.00, a maximum total net leverage ratio of 5.00:1.00 (temporarily 5.25:1.00 around certain acquisitions), and a maximum senior secured net leverage ratio of 3.50:1.00. After giving effect to the notes offering and the 1918 Ranch acquisition, LandBridge estimates a Debt Service Coverage Ratio of 5.0x, up from historical levels between 3.0x and 4.4x.