LandBridge Company LLC reports third quarter revenue of $50.8 million and net income of $20.3 million

Reuters
Nov 13, 2025
LandBridge Company LLC reports third quarter revenue of $50.8 million and net income of $20.3 million

LandBridge Company LLC reported third quarter 2025 revenues of $50.8 million, an increase of 78% year-over-year and 7% quarter-over-quarter. Net income was $20.3 million, with a net income margin of 40%. Adjusted EBITDA reached $44.9 million, up 79% year-over-year and 6% quarter-over-quarter, resulting in an adjusted EBITDA margin of 88%. Cash flows from operating activities were $34.9 million, and free cash flow was $33.7 million, with margins of 69% and 66% respectively. During the period, the company continued to expand partnerships for access to over 300,000 acres of surface land for energy development, digital infrastructure, power storage, waste management, and other commercial uses.

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