LandBridge Company LLC
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $12.3M | $8.7M | $8.1M | $7.5M | $6.5M | $2.7M | $-57.7M | $10.8M |
| Depreciation & Amortization | $4.4M | $4.4M | $2.6M | $2.5M | $2.6M | $1.5M | $1.5M | $2.1M |
| Depreciation | $1.1M | $1.1M | $761.0K | $783.0K | $764.0K | $638.0K | $632.0K | $600.0K |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $11.2M | $11.3M | — | $11.3M | $11.1M | — | — | $810.0K |
| Net Cash from Operating Activities | $41.4M | $41.1M | $34.9M | $37.3M | $15.9M | $7.5M | $16.0M | $17.2M |
| Investing Activities | ||||||||
| Capital Expenditures | $1.1M | $180.0K | $1.2M | $1.2M | $69.0K | $303.0K | $369.0K | $89.0K |
| Business Acquisitions | — | $2.0M | — | — | $17.8M | — | — | $55.1M |
| Net Cash from Investing Activities | — | $-2.1M | — | — | $-17.9M | — | — | $-55.2M |
| Financing Activities | ||||||||
| Dividends Paid | — | $14.7M | — | — | $13.6M | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | — | $-40.0M | — | — | $-20.1M | — | — | $9.0M |
| Net Change in Cash | — | $-1.1M | — | — | $-22.1M | — | — | $-28.9M |
| Free Cash Flow | $40.2M | $40.9M | $33.7M | $36.1M | $15.8M | $7.1M | $15.7M | $17.1M |