LandBridge Q1 revenue $44M (+131% YoY), Adj EBITDA $38.8M, declares $0.10 dividend

LandBridge Co LLC

2025-Q1 EPS reported $0.20 revenue$43,951,000

Revenue $44.0M (+131% YoY, +20% QoQ); Adjusted EBITDA $38.8M (+129% YoY, +22% QoQ).
Net income $15.5M (includes $11.1M non-cash share-based comp); Adj EBITDA margin 88%.
Quarterly cash dividend of $0.10 per share declared; FY25 EBITDA outlook reaffirmed at $170-190M.
Free Cash Flow $15.8M, FCF margin 36%.

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