LandBridge Company LLC Class A ( (LB) ) just unveiled an update.
LandBridge Company LLC reported a 60% year-over-year revenue increase for Q3 2024, achieving $28.5 million, despite a net loss of $2.8 million. The company declared its first quarterly cash dividend of $0.10 per share and enhanced financial flexibility through strategic acquisitions and debt facility amendments. With diversified revenue streams from surface use royalties, resource sales, and oil and gas royalties, LandBridge continues to leverage opportunities in the Delaware Basin. The company maintains a strong balance sheet with ample liquidity, supporting ongoing expansion and shareholder value creation.
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