Surface Use Royalties was the largest of LandBridge Co LLC’s 6 reported lines in fiscal 2025, at $72.77M — 38% of $191.80M.
| Product and Service | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Surface Use Royalties | $13.22M | $31.62M | $72.77M |
| Easements & Other Surface Related Revenues | $12.64M | $34.12M | $62.00M |
| Resource Sales | $19.83M | $15.35M | $24.72M |
| Oil & Gas Royalties | $20.74M | $16.03M | $12.59M |
| Resource Royalties | $6.43M | $9.78M | $15.73M |
| Other | — | — | $3.98M |
| Total | $72.87M | $106.89M | $191.80M |
In fiscal 2025, which ended December 31, 2025, the 6 revenue lines LandBridge Co LLC reported in this breakdown added up to $191.80M. The revenue lines reported changed from fiscal 2024, so the total is not directly comparable with the $106.89M reported that year. Surface Use Royalties was the largest revenue line, at $72.77M or 37.9% of the total, followed by Easements & Other Surface Related Revenues ($62.00M, 32.3%) and Resource Sales ($24.72M, 12.9%). Together, the two largest revenue lines made up 70.3% of this total.
Compared with fiscal 2024, Surface Use Royalties grew the fastest, rising 130.1% to $72.77M. Oil & Gas Royalties fell the most, down 21.5% to $12.59M. Because revenue lines were added or dropped between the two years, part of this reflects how LandBridge Co LLC regrouped its reporting.
Other was first reported as a separate revenue line in fiscal 2025. This breakdown covers every fiscal year from 2023 to 2025, as reported in LandBridge Co LLC's annual filings.
Related Party was the largest of LandBridge Co LLC’s 2 reported lines in fiscal 2025, at $102.78M — 61% of $169.80M.
| Related Party Transactions By Related Party | FY 2024 | FY 2025 |
|---|---|---|
| Related Party | $56.92M | $102.78M |
| Nonrelated Party | $30.41M | $67.02M |
| Total | $87.33M | $169.80M |
In fiscal 2025, which ended December 31, 2025, the 2 revenue lines LandBridge Co LLC reported in this breakdown added up to $169.80M. That is less than the $191.80M in its breakdown by revenue line, so these revenue lines do not account for all of its revenue that year. Related Party was the largest revenue line, at $102.78M or 60.5% of the total, followed by Nonrelated Party ($67.02M, 39.5%).
Compared with fiscal 2024, Nonrelated Party grew the fastest, rising 120.4% to $67.02M.
This breakdown covers every fiscal year from 2024 to 2025, as reported in LandBridge Co LLC's annual filings.
LandBridge Co LLC (LB) breaks its revenue down by revenue line. In fiscal 2025, its largest revenue line was Surface Use Royalties, with $72.77M or 37.9% of the total, followed by Easements & Other Surface Related Revenues at $62.00M (32.3%).
Surface Use Royalties was LandBridge Co LLC's largest revenue line in fiscal 2025, with $72.77M in revenue, 37.9% of the $191.80M reported across its 6 revenue lines.
Of the LandBridge Co LLC revenue lines reported in both fiscal 2024 and fiscal 2025, and making up at least 2% of the total, Nonrelated Party grew the fastest, rising 120.4% from $30.41M to $67.02M.
Every figure is taken from LandBridge Co LLC's annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.
The breakdown by revenue line covers fiscal 2023 to 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.