LandBridge Q2 2024: Revenue $26M (+20% YoY), Adj EBITDA $23.4M (+24%); net loss $57.7M due to $71.8M non-cash item

LandBridge Co LLC

Revenue of $26.0M, up 20% year-over-year.
Net loss of $57.7M includes a $71.8M non-cash expense from WaterBridge NDB LLC incentive units.
Adjusted EBITDA of $23.4M, up 24% YoY; Adjusted EBITDA margin of 90%.
Free Cash Flow of $15.7M; Free Cash Flow margin of 60%.
Cash from operations of $16.0M; operating cash flow margin of 62%.

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