LandBridge Announces Secondary Public Offering of Class A Shares

Core Viewpoint - LandBridge Company LLC has announced a secondary public offering of 2,500,000 Class A shares, with no proceeds going to the company itself, as the shares are being sold by LandBridge Holdings LLC, the selling shareholder [1][3]. Offering Details - The offering will be underwritten, and the selling shareholder may grant the underwriter a 30-day option to purchase an additional 375,000 Class A shares [1]. - The Class A shares may be sold through various methods, including direct sales, brokerage transactions, or negotiated transactions, at fixed or market prices [2]. Management and Conditions - Goldman Sachs & Co. LLC is the sole book-running manager for the offering, which is subject to market conditions [3]. - LandBridge has an effective shelf registration statement on file with the SEC and will file a prospectus supplement for this offering [4]. Company Background - LandBridge owns over 300,000 surface acres in Texas and New Mexico, primarily in the Delaware sub-region of the Permian Basin, a key area for oil and gas exploration [6]. - The company is managed by Five Point Infrastructure LLC, which focuses on energy and sustainable infrastructure investments [6]. - Following the offering, the selling shareholder will retain approximately 63% of the issued and outstanding shares of LandBridge [6].