LB Earnings Prediction
The chart below shows how LB performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LB sees a +0.00% change in stock price 10 days leading up to the earnings, and a +0.00% change 10 days following the report. On the earnings day itself, the stock moves by +0.00%. This data can give you a slight idea of what to expect for the next quarter's release.
LB Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
28.49M
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Gross Margin
91.36%
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Operating Margin
11.19%
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Net Margin
-9.67%
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EPS
0.04
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No Data Available
LB Earnings Analysis
LandBridge Company LLC Corporation (LB.N) Earnings Conference Call
Positive
Strong Revenue and EBITDA Growth: During the quarter, we delivered 60% year-over-year revenue growth, 62% year-over-year adjusted EBITDA growth, and 88% adjusted EBITDA margins.
Royalty Revenue Increase: Non-oil and gas royalty revenues accounted for 90% of overall revenues, up from 83% last quarter and 65% in the same quarter last year.
Quarterly Revenue Surge: Our third quarter revenues increased to $28.5 million, up 9.8% sequentially and 60% year-over-year, driven by surface user royalties and revenues, which grew 14% sequentially and resources sales and royalties, which increased 29% sequentially.
Adjusted EBITDA Performance: We delivered adjusted EBITDA of $25 million, which increased 6.8% sequentially and 62% year-over-year, representing an 88% adjusted EBITDA margin.
Total Liquidity Overview: We ended the quarter with total liquidity of $74.4 million including cash and cash equivalents of $14.4 million and $60 million under our revolving credit facility.
Negative
Oil and Gas Royalty Decline: Revenue from oil and gas royalties declined 35% sequentially, attributed to a decrease in net royalty production and a decrease in average realized pricing.
Tight Liquidity Position: We ended the quarter with total liquidity of $74.4 million, including cash and cash equivalents of $14.4 million and $60 million under our revolving credit facility, indicating a tight liquidity position.
Debt Reduction Efforts: We paid down approximately $120 million in debt during the quarter, ending with $281.3 million of debt outstanding under our term loan and revolving credit facility, reflecting a significant debt burden.
Free Cash Flow Decline: The sequential decrease in free cash flow is attributable to an $11.1 million impact from non-recurring IPO-related expenses and lease termination costs, indicating financial strain.
Oil and Gas Revenue Dependence: Revenue from oil and gas royalties accounted for only 90% of overall revenues, up from 83% last quarter, suggesting a heavy reliance on a single revenue stream.
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LB Earning Call Sentiment
LandBridge Company LLC (LB) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
LB.N
-9.93%Positive
The earnings call highlights strong financial performance with a 60% increase in revenue and 62% rise in adjusted EBITDA, indicating operational efficiency. The company is effectively managing debt, with a significant repayment and improved leverage ratio. The positive outlook for EBITDA in 2025 and the inaugural dividend declaration further bolster confidence. However, risks such as regulatory challenges and supply chain issues are present. The Q&A session reveals optimistic growth prospects in alternative energy and data centers. Overall, the positive financials and growth potential outweigh the risks, suggesting a positive stock price movement.
