LB
LandBridge Company LLC50.45
-1.88-3.59%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Key Stats
Market Cap
4.02BP/E (TTM)
57.33Basic EPS (TTM)
0.88Dividend Yield
0.01%Recent Filings
8-K
Closes $500M notes offering
LandBridge subsidiary DBR Land Holdings closed a $500 million private placement of 6.250% senior notes due 2030 on November 25, 2025. Net proceeds, plus new revolver borrowings, repay $370.2 million outstanding under the old credit facility as of September 30. Notes carry standard covenants and early redemption options. Refinancing extends maturities cleanly.
8-K
Selling shareholder sheds 2.5M shares
8-K
Prices $500M notes due 2030
LandBridge's subsidiary DBR Land Holdings priced $500 million of 6.250% senior notes due 2030 at par on November 19, 2025, with closing set for November 25. Proceeds, plus new credit facility borrowings, will repay and terminate the existing credit facility. Refinancing streamlines debt. Notes are unregistered, sold to qualified buyers.
8-K
DBR Land secures $275M RCF
LandBridge subsidiary DBR Land entered a $275M revolving credit agreement maturing June 30, 2030, secured by subsidiary assets, to refinance its existing facility alongside a planned $500M senior notes offering. Post-transaction, pro forma Debt Service Coverage Ratio hits 5.0x on $179.6M Covenant EBITDA. Covenants cap net leverage at 5.0x (5.25x post-acquisition). New liquidity bolsters acquisition firepower.
8-K
LandBridge acquires 37,500 Delaware acres
LandBridge Company LLC agreed on October 3, 2025, to acquire about 37,500 acres in Texas's Delaware Basin from 1918 Ranch & Royalty for $250 million, split between $208.3 million cash and $41.7 million in units and Class B shares. This boosts holdings to roughly 300,000 surface acres, enabling expanded water handling infrastructure for rising produced water volumes and positioning northern Reeves County land for alternative energy development near transmission lines. The deal, set to close in Q4 2025 pending antitrust clearance, is partly funded by a $200 million delayed draw term loan maturing July 3, 2027. Closing hinges on regulatory approvals.
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