XML 10 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 14,935 $ 37,032
Prepaid expenses and other current assets 1,446 1,628
Total current assets 43,594 53,315
Non-current assets:    
Property, plant and equipment, net 918,613 902,742
Intangible assets, net 44,125 45,265
Deferred tax assets 72 411
Other assets 1,696 1,741
Total non-current assets 964,506 950,159
Total assets 1,008,100 1,003,474
Current liabilities:    
Taxes payable 2,065 2,286
Accrued liabilities 5,837 7,185
Current portion of long-term debt 299 424
Unearned revenue 832 1,221
Other current liabilities 1,096 2,119
Total current liabilities 11,794 14,410
Non-current liabilities:    
Long-term debt, net of debt issuance costs 375,467 380,815
Other long-term liabilities 182 183
Total non-current liabilities 375,649 380,998
Total liabilities 387,443 395,408
Retained earnings 7,464 3,349
Total shareholders' equity attributable to LandBridge Company LLC 440,345 436,012
Noncontrolling interest 180,312 172,054
Total shareholders' equity 620,657 608,066
Total liabilities and equity 1,008,100 1,003,474
Class A Shares    
Non-current liabilities:    
Class A shares, unlimited shares authorized and 23,255,419 shares issued and outstanding as of March 31, 2025 and December 31, 2024 432,881 432,663
Related Party    
Current assets:    
Accounts receivable, net 7,289 2,111
Current liabilities:    
Accounts payable 1,069 686
Nonrelated Party    
Current assets:    
Accounts receivable, net 19,924 12,544
Current liabilities:    
Accounts payable $ 596 $ 489