Financial Performance - LandBridge Company reported a significant financial growth for Q4 and the full-year 2025, with annual revenue increasing by 81% year-over-year to $199.1 million [1] - The company achieved a full-year Adjusted EBITDA of $177.2 million and a net income of $72.4 million, supported by a capital-efficient, asset-light model [1] - In Q4 alone, revenue grew by 56% compared to the prior year, driven by contributions from surface use royalties, produced water handling, and resource sales [1] Strategic Developments - During the reporting period, LandBridge executed approximately 450 new easements and development agreements, optimizing its 315,000-acre land position [2] - The company expanded its industrial reach by entering into agreements for two battery energy storage projects totaling 350 MW [2] - LandBridge improved its balance sheet through a $500 million senior notes offering [2] Future Outlook - For 2026, LandBridge issued an Adjusted EBITDA guidance range of $205 million to $225 million, indicating a projected growth of over 20% at the midpoint [3] - The company remains focused on active land management and disciplined acquisitions to support a diverse customer base across the energy, digital infrastructure, and industrial sectors [3] Company Overview - LandBridge Company, along with its subsidiaries, owns and manages land and resources to support and enhance oil and natural gas development in the US, particularly in the Delaware Basin in Texas and New Mexico [4]