LandBridge Corp (LB) company profile

LandBridge is a land management company that acquires and manages surface acreage to facilitate energy development and infrastructure projects. The company generates revenue by charging royalties and fees for surface access, leasing land for produced water handling and industrial facilities, selling natural resources such as brackish water and caliche, and collecting royalties from mineral interests. Its core operations support oil and gas exploration, water midstream logistics, pipelines, power transmission, and digital infrastructure. LandBridge serves upstream exploration and production companies, midstream infrastructure operators, and industrial developers, with major commercial clients including WaterBridge, VTX Energy, ConocoPhillips, EOG Resources, and Occidental Petroleum.

The company owns or manages more than 315,000 surface acres situated across the Delaware Basin within the broader Permian Basin in Texas and New Mexico. This acreage footprint is divided across three designated operational areas: the Stateline, Northern, and Southern Positions. LandBridge also holds approximately 4,400 gross mineral acres in the Delaware Basin. The provided text does not identify the location of the company's corporate headquarters.

Summary of the business section of LandBridge's latest annual report, written by StockData.

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.

“Per Class A share Total Public offering price $ 17.0000 $ 246,500,000 Underwriting discounts (1) $ 1.0625 $ 15,406,250 Proceeds to LandBridge (before expenses) $ 15.9375 $ 231,093,750 (1) See “Underwriting (Conflicts of Interest)” for a description of compensation payable to the underwriters.”

Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.

“Pursuant to the Shared Services Agreement, WaterBridge provides general and administrative services, as well as limited operational and maintenance services to us, together with five dedicated employees providing field services and five dedicated employees providing corporate services.”