NYSE:LBReal Estate
Are LandBridge’s (LB) Unusual Earnings Masking the Real Impact of Its Devon Deal?
Earlier in August 2025, LandBridge Company LLC declared a US$0.10 per share quarterly cash dividend and announced a 10-year surface use and pore space reservation agreement with Devon Energy Corp., set to commence in 2027, supporting operations in the New Mexico Delaware Basin.
Despite a sharp year-over-year improvement in second-quarter revenue and net income, the company's profits were significantly influenced by non-operating revenue and unusual items, prompting investor caution about the...