LandBridge Company LLC(LB)Earnings, Financials & Key Ratios

LB•NYSE

$77.44

71.7× P/E·Price updated Jul 7, 2026

SectorEnergy IndustryOilfield Services Sub-IndustryOilfield Chemicals and Consumables

AboutLandBridge Company LLC owns and manages land and resources to support and enhance oil and natural gas development in the United States. It owns surface acres in and around the Delaware Basin in Texas and New Mexico. The company holds a portfolio of oil and gas royalties. It also sells brackish water and other surface composite materials. The company was founded in 2021 and is based in Houston, Texas. LandBridge Company LLC operates as a subsidiary of LandBridge Holdings LLC.Show more

Revenue$199M+81.1%
EBITDA$130M+1785.7%
Net Income$30M+489.6%
EPS (Diluted)1.08+1397.9%
Gross Margin90.95%+1.1%
EBITDA Margin65.28%+1031.0%
Operating Margin59.52%+496.4%
Net Margin15.13%+225.6%
ROE4.3%+219.1%

LB Price & Volume

LandBridge Company LLC (LB) stock price & volume — 10-year historical chart

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Delaware Basin Land Model Drives Margin Expansion

Investment Thesis • Updated 2026Q1

VerdictNeutral

Growth:Expanding

Profitability:Moderate

Financial:Fortress

Cash Flow:Improving

Primary Risk:Delaware Basin geographic concentration

Key Thesis Takeaways

LandBridge leverages its strategic Delaware Basin surface acreage to capture high-margin water and easement revenue, maintaining a capital-light model that requires minimal reinvestment.
While the company has successfully transitioned to a debt-free balance sheet, investors should monitor the binary risk associated with regional drilling activity and the potential for stock-based compensation to distort GAAP earnings.
Future growth appears contingent on the company's ability to sustain its 90%+ gross margin profile while navigating the inherent geographic concentration of its asset base.

Verdict Logic

while the company maintains a robust 3.15 current ratio and zero debt, the current P/E of 60.30 suggests a premium valuation that warrants caution regarding future growth sustainability.

LB Growth Metrics

LandBridge Company LLC (LB) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-

5 Years-

3 Years56.67%

TTM52.83%

Profit CAGR

10 Years-

5 Years-

3 Years-

TTM189.65%

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM148.84%

Return on Capital

10 Years8.28%

5 Years8.28%

3 Years11.46%

Last Year10.12%

LB Recent Earnings

LandBridge Company LLC (LB) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 0/12 qtrs (0%)●Beat Revenue 4/12 qtrs (50%)

Q2 2026Latest

May 6, 2026

Metric

Actual

Est

EPS

$0.23-67.1%

$0.70

Rev

$51M-13.1%

$59M

Q1 2026

Feb 25, 2026

Metric

Actual

Est

EPS

$0.24-61.3%

$0.62

Rev

$57M+9.4%

$52M

Q4 2025

Nov 12, 2025

Metric

Actual

Est

EPS

$0.26-45.7%

$0.48

Rev

$51M+1.2%

$50M

Q3 2025

Aug 6, 2025

Metric

Actual

Est

EPS

$0.24-38.5%

$0.39

Rev

$48M-13.2%

$55M

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	May 6, 2026	$0.23vs $0.70-67.1%	$51Mvs $59M-13.1%
Q1 2026	Feb 25, 2026	$0.24vs $0.62-61.3%	$57Mvs $52M+9.4%
Q4 2025	Nov 12, 2025	$0.26vs $0.48-45.7%	$51Mvs $50M+1.2%
Q3 2025	Aug 6, 2025	$0.24vs $0.39-38.5%	$48Mvs $55M-13.2%

Based on last 12 quarters of dataView full earnings history →

Latest LB News

Recent stock market news and headlines for LandBridge Company LLC (LB)

Seeking Alpha·Jun 28, 2026

The Market Is Dead Wrong: I'm Buying Dirt-Cheap Energy Stocks

Energy sector fundamentals are strengthening as the Iran War de-risks, oil prices normalize, and cyclical growth accelerates. Low global inventories, disciplined CapEx, and secular demand drivers set up a bullish multi-year regime for energy equities. I favor Permian-focused royalty and landowners (LandBridge, Texas Pacific, Freehold Royalties), Canadian oil sands leaders (Canadian Natural Resources, Suncor Energy, Cenovus), and low-cost U.S. producers (Diamondback, Permian Resources).

Peers Comparison

Key metrics vs top competitors for LandBridge Company LLC (LB)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
LBLandBridge Company LLCCurrent	$77.44	$5.97B	71.70	81.07%	15.13%	4.3%	2.96%
TPLTexas Pacific Land Corporation	$402.76	$27.78B	57.78	13.09%	60.03%	35.52%	—
VNETVNET Group, Inc.	$7.71	$2.11B	-58.20	17.18%	-21.78%	-26.68%	—
VNOMViper Energy, Inc.	$41.62	$14.94B	-86.71	56.56%	-2.88%	-0.46%	—
BSMBlack Stone Minerals, L.P.	$14.00	$2.97B	10.94	-3.89%	63.48%	35.46%	—
DMLPDorchester Minerals, L.P.	$25.83	$1.25B	21.53	-5.38%	40.85%	22.11%	—

Compare LB vs Peers

LandBridge Company LLC (LB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs TPL

Most directly comparable listed peer for LB.

Scale Benchmark

vs COP

Larger-name benchmark to compare LB against a more recognizable public peer.

Peer Set

Compare Top 5

vs TPL, VNET, VNOM, BSM

LB SEC Filings & Documents

LandBridge Company LLC (LB) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

May 6, 2026·SEC

Material company update

Mar 19, 2026·SEC

Material company update

Mar 4, 2026·SEC

10-K Annual Reports

FY 2026

Mar 12, 2026·SEC

FY 2025

Mar 14, 2025·SEC

FY 2025

Mar 6, 2025·SEC

10-Q Quarterly Reports

FY 2026

May 7, 2026·SEC

FY 2025

Nov 20, 2025·SEC

FY 2025

Nov 12, 2025·SEC

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LB Frequently Asked Questions

LandBridge Company LLC (LB) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

What is LandBridge Company LLC's revenue?

LandBridge Company LLC (LB) reported $206.1M in revenue for fiscal year 2025. This represents a 298% increase from $51.8M in 2022.

How fast is LandBridge Company LLC growing?

LandBridge Company LLC (LB) grew revenue by 81.1% over the past year. This is strong growth.

Is LB profitable?

Yes, LandBridge Company LLC (LB) is profitable, generating $41.3M in net income for fiscal year 2025 (15.1% net margin).

Dividend & Returns

Does LB pay dividends?

Yes, LandBridge Company LLC (LB) pays a dividend with a yield of 2.96%. This makes it attractive for income-focused investors.

What is LB's return on equity?

LandBridge Company LLC (LB) has a return on equity (ROE) of 4.3%. This is below average, suggesting room for improvement.

What is LandBridge Company LLC's free cash flow?

LandBridge Company LLC (LB) generated $163.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in LB back in 2022?

Total return calculator · dividends reinvested · 4+ years of data

See returns →

Quarter

Date

EPS (Act vs Est)

Revenue (Act vs Est)

Q2 2026Latest

May 6, 2026

$0.23vs $0.70-67.1%

$51Mvs $59M-13.1%

Q1 2026

Feb 25, 2026

$0.24vs $0.62-61.3%

$57Mvs $52M+9.4%

Q4 2025

Nov 12, 2025

$0.26vs $0.48-45.7%

$51Mvs $50M+1.2%

Q3 2025

Aug 6, 2025

$0.24vs $0.39-38.5%

$48Mvs $55M-13.2%

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

LBLandBridge Company LLCCurrent

$77.44

$5.97B

71.70

81.07%

15.13%

4.3%

2.96%

TPLTexas Pacific Land Corporation

$402.76

$27.78B

57.78

13.09%

60.03%

35.52%

—

VNETVNET Group, Inc.

$7.71

$2.11B

-58.20

17.18%

-21.78%

-26.68%

—

VNOMViper Energy, Inc.

$41.62

$14.94B

-86.71

56.56%

-2.88%

-0.46%

—

BSMBlack Stone Minerals, L.P.

$14.00

$2.97B

10.94

-3.89%

63.48%

35.46%

—

DMLPDorchester Minerals, L.P.

$25.83

$1.25B

21.53

-5.38%

40.85%

22.11%

—