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LandBridge Swings to Q3 Loss, Revenue Rises

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LandBridge Swings to Q3 Loss, Revenue Rises

Nov 9, 2024 11:55 AM

04:57 AM EST, 11/07/2024 (MT Newswires) -- LandBridge Company LLC ( LB ) reported late Wednesday it swung to a Q3 loss of $2.8 million from a net income of $16.6 million a year earlier.

Two analysts polled by Capital IQ expected earnings of $22.3 million.

Revenue for the quarter ended Sept. 30 was $28.5 million, up from $17.8 million a year earlier.

Analysts polled by Capital IQ expected $33.6 million.

The company expects 2024 adjusted earnings before interest, taxes, depreciation, and amortization to range from $95 million to $100 million.

The company expects 2025 adjusted earnings before interest, taxes, depreciation, and amortization to range from $140 million to $160 million.

Price: 62.86, Change: +1.32, Percent Change: +2.14

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