LBLandBridge Company LLC

$6B

Q1 2025 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$44M+131.2% YoY

Gross Profit

$41M93.0% margin

Operating Income

$25M57.0% margin

Net Income

$6M14.7% margin

EPS (Diluted)

$0.20

QoQ Revenue Growth

+20.4%

Cash Flow

Operating Cash Flow

$16M

Free Cash Flow

$16M

Stock-Based Comp.

$11M

Balance Sheet

Total Assets

$1.0B

Total Liabilities

$387M

Stockholders' Equity

$440M

Cash & Equivalents

$15M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$44M	$19M	+131.2%
Gross Profit	$41M	$16M	+152.5%
Operating Income	$25M	$14M	+85.2%
Net Income	$6M	$11M	-40.0%

Revenue Segments

Oil and Gas Royalties

$3M100%

LB Q1 2025 Earnings — LandBridge Company LLC Revenue & Financial Results | Market Cap Arena