Permian's LandBridge Prices IPO Below Target for $246.5 Million [BNN Bloomberg (Canada)]
Five Point Holdings, LLC Class A Common Shares (FPH)
Last five point holdings, llc class a common shares earnings: 8/8 04:15 pm
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US:NYSE Investor Relations:
ir.fivepoint.com
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Source: BNN Bloomberg
The Five Point Energy-backed company sold 14.5 million shares Thursday for $17 each after marketing them for $19 to $22, according to a statement. At the IPO price, LandBridge has a market value of about $1.2 billion based on the outstanding shares listed in its filings with the US Securities and Exchange Commission. The company owns about 220,000 surface acres in and around the Delaware sub-basin in the Permian Basin, the biggest US oil patch, the filings show. It has contracts with WaterBridge Holdings LLC, a provider of water to the fracking industry that shares management with both LandBridge and Five Point. LandBridge generates revenue from sources including surface use royalties, oil and gas royalties and sales of brackish water, according to the filings. Its corporate predecessor had net income of $63.2 million on $72.9 million of revenue in 2023, compared with a net loss of $6.4 million on revenue of $51.8 million a year earlier, according to the filing. After the IPO
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News
- Five Point Holdings, LLC Reports Second Quarter 2024 ResultsBusiness Wire
- Five Point Holdings, LLC Sets Date for Second Quarter 2024 Earnings Announcement and Investor Conference Call [Yahoo! Finance]Yahoo! Finance
- Five Point Holdings, LLC Sets Date for Second Quarter 2024 Earnings Announcement and Investor Conference CallBusiness Wire
- Permian's LandBridge Prices IPO Below Target for $246.5 Million [Yahoo! Finance]Yahoo! Finance
- Permian's LandBridge Prices IPO Below Target for $246.5 Million [Financial Post (Toronto, Ontario, Canada)]Financial Post
FPH
Sec Filings
- 9/19/24 - Form 4
- 9/18/24 - Form 8-K
- 7/26/24 - Form 4
- FPH's page on the SEC website