{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-129975","form_type":"8-K","ticker":"LB","cik":"0001995807","company_name":"LandBridge Co LLC","filed_at":"2024-11-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.534088+00:00","generated_at":"2026-05-29T20:06:57.306061+00:00","sec_items":["1.01","3.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"LandBridge acquires 46,000 acres for $245M, raises $350M via private placement, ups 2025 EBITDA guidance to $170-190M","bullets":["Acquires 46,000 surface acres in Reeves/Pecos, Texas for $245M; seller VTX Energy commits $25M/year revenue for 5 years.","Private placement of 5.83M Class A shares at $60.03 raises ~$350M; $200M funds acquisition, balance used for share repurchase/cancellation.","Closes Lea County, NM acquisition (~5,800 acres); total holdings to ~272,000 acres after Wolf Bone closing.","Raises 2025 Adjusted EBITDA guidance to $170-190M; expects >20% FCF per share accretion.","Pro forma LQA net leverage 2.7x, liquidity ~$113M; management and Five Point own ~70% post-placement."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-129975","json":"https://secwatch.observer/filing/0000950170-24-129975.json","markdown":"https://secwatch.observer/filing/0000950170-24-129975.md","text":"https://secwatch.observer/filing/0000950170-24-129975.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1995807/000095017024129975/0000950170-24-129975-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1995807/000095017024129975/lb-20241118.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T20:06:57.306061+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}