LandBridge Company LLC (LB) reported late Wednesday it swung to a Q3 loss of $2.8 million from a net income of $16.6 million a year earlier.
Two analysts polled by Capital IQ expected earnings of $22.3 million.
Revenue for the quarter ended Sept. 30 was $28.5 million, up from $17.8 million a year earlier.
Analysts polled by Capital IQ expected $33.6 million.
The company expects 2024 adjusted earnings before interest, taxes, depreciation, and amortization to range from $95 million to $100 million.
The company expects 2025 adjusted earnings before interest, taxes, depreciation, and amortization to range from $140 million to $160 million.
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