LandBridge Co LLC

LandBridge is a holding company whose main asset is its ownership in OpCo, for which it also serves as the sole managing member. The company focuses on land and resource management to support energy and infrastructure development. As of December 31, 2025, LandBridge owned or managed over 315,000 surface acres primarily within the Delaware Basin sub-region of the Permian Basin. This area is known as the most active region for oil and natural gas exploration and development in the United States. The company's land is essential for various activities including oil and natural gas development, solar power generation, power storage, digital infrastructure, and non-hazardous oilfield reclamation and solid waste facilities. It also supports the industrial economy that services energy and infrastructure development. LandBridge's strategy is to actively manage its land and resources to generate long-term revenue and Free Cash Flow. The Delaware Basin is characterized by significant remaining oil and natural gas resources and low development costs, with activity dominated by large, well-capitalized producers. LandBridge's land is predominantly located in the heart of the Delaware Basin, near the Texas-New Mexico state border, an area known for high hydrocarbon concentration and drilling activity.