---
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"
generated_at: "2026-05-29T20:06:57.306061+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# LandBridge acquires 46,000 acres for $245M, raises $350M via private placement, ups 2025 EBITDA guidance to $170-190M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-129975
- JSON: https://secwatch.observer/filing/0000950170-24-129975.json
- Plain text: https://secwatch.observer/filing/0000950170-24-129975.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.