LandBridge Company LLC (LB) has disclosed a net loss of $2.76 million for the third quarter of 2024, contrasting with a net income of $16.63 million in the same quarter of 2023. The net income attributable to the company for the most recent quarter was recorded at $2.66 million.
In terms of revenue, the third quarter of 2024 saw an increase to $28.5 million, up from $17.8 million in the third quarter of the previous year.
The company has announced an initial cash dividend of $0.10 per share, which will be distributed on December 19, 2024, to shareholders who are recorded as of December 5, 2024.
Looking ahead, LandBridge expects its Adjusted EBITDA for the entire year of 2024 to range between $95 million and $100 million. For the full year of 2025, the company anticipates Adjusted EBITDA to be between $140 million and $160 million.
