LandBridge Q4 revenue up 109% YoY to $36.5M; reaffirms FY25 EBITDA outlook $170-190M

LandBridge Co LLC

Q4 2024 revenue $36.5M, up 109% YoY; net income $8.2M (includes $11.1M non-cash share-based comp).
Adjusted EBITDA $31.7M, up 108% YoY; Adjusted EBITDA margin 87%; Free Cash Flow $26.7M, margin 73%.
Fiscal year 2024 revenue growth of 51% YoY; reaffirms FY25 EBITDA outlook of $170M-$190M.
Added approximately 53,000 acres through previously announced acquisitions during the quarter.

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