LandBridge Company LLC Announces Third Quarter Results and Declares Quarterly Cash Dividend
LandBridge Company LLC Class A Shares Representing Limited Liability Company Interests (LB)
NASDAQ:AMEX Investor Relations:
investors.lb.com
Company Research
Source: Business Wire
Delivers revenue growth of 60% year-over-yearDeclared initial quarterly cash dividend of $0.10 per shareInitiated FY24 and FY25 outlook HOUSTON--(BUSINESS WIRE)--LandBridge Company LLC (NYSE: LB) (the “Company,” “LandBridge”) today announced its financial and operating results for the third quarter of 2024.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241106070670/en/(Graphic: LandBridge)Third Quarter 2024 Financial HighlightsRevenues of $28.5 million, up 60% year-over-yearNet loss of $2.8 million(1)Net loss margin of 10%(1)Adjusted EBITDA(2) of $25.0 million, up 62% year-over-yearAdjusted EBITDA Margin(2) of 88%Cash flows from operating activities of $7.5 millionFree Cash Flow(2,3) of $7.1 millionOperating cash flow margin of 26%Free Cash Flow Margin(2,3) of 25%(1) Net loss and net loss margin include a non-cash expense of $11.6 million attributable to share-based compensation, including $9.8 million attributable to ma
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- LandBridge Closes Acquisition of 46,000 Surface Acres in the Delaware Basin [Yahoo! Finance]Yahoo! Finance
- LandBridge Closes Acquisition of 46,000 Surface Acres in the Delaware BasinBusiness Wire
- LandBridge Co LLC (NYSE: LB) had its "underperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $25.00 price target on the stock.MarketBeat
- Should You Invest in LandBridge Company LLC (LB)? [Yahoo! Finance]Yahoo! Finance
- LandBridge Co LLC (NYSE: LB) had its price target raised by analysts at Piper Sandler from $39.00 to $79.00. They now have a "neutral" rating on the stock.MarketBeat