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LandBridge Company LLC Class A (LB) AI Stock Analysis
LandBridge Company LLC Class A
(NYSE:LB)
The score is driven primarily by strong financial performance (notably cash flow strength and improved recent profitability) and a constructive earnings call with reaffirmed guidance and strong margin/FCF metrics. These positives are offset by weak near-term technical momentum and a relatively expensive valuation (high P/E with a low dividend yield).
LandBridge Company LLC Class A (LB) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $6.44B
- Dividend Yield
- 0.55%
- Average Volume (3M)
- 277.33K
- Price to Earnings (P/E)
- 37.0
- Beta (1Y)
- 1.28
- Revenue Growth
- 44.09%
- EPS Growth
- 62.65%
- Country
- US
- Employees
- 4
- Sector
- General
- Sector Strength
- 55
- Industry
- Oil & Gas Exploration & Production
LandBridge Company LLC Class A Business Overview & Revenue Model
Company Description
LandBridge Company LLC focuses on overseeing land and natural assets to bolster and optimize oil and natural gas production across the United States. The company possesses substantial surface acreage, specifically within and adjacent to the Delaware...
LandBridge Company LLC Class A Earnings Call Summary
The call presents a broadly positive operational and financial performance: record revenue, very high adjusted EBITDA and free cash flow margins, expanding liquidity, strong commercial traction in digital infrastructure (seven counterparties / >10 GW), and disciplined capital allocation including dividends and buybacks. Identified risks are execution and timing on converting LOIs to firm projects, regulatory scrutiny in the Texas data center approval process, and the company sitting at the upper end of its leverage target. Overall, the highlights (strong growth, high margins, cash generation, sizable water and land assets, and meaningful pipeline momentum) materially outweigh the lowlights, which are largely execution and timing risks rather than immediate financial deterioration.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
LandBridge reaffirmed its full-year 2026 adjusted EBITDA guidance of $210 million to $230 million (a raise announced last quarter) after reporting record Q2 revenue of $66.8 million (+41% YoY, +31% sequential) and Q2 adjusted EBITDA of $59.8 million (+41% YoY, +33% sequential) at an 89% margin; operating cash flow was $41.4 million and free cash flow $40.2 million (+11% YoY) with a 60% free cash flow margin, while capital expenditures were $1.1 million and net investing cash use totaled $11.3 million (including $10.2 million of bolt‑on acquisitions). The company ended the quarter with total liquidity of $269.8 million (cash $39.8 million and $230 million revolver), total borrowings of $545.2 million with no maturities until 2030 and net leverage of 2.5x (targeting 2.0–2.5x); subsequent to quarter end the revolver was increased to $375 million (expandable to $475 million) and pricing improved by 25 bps. Management emphasized modest capital needs, a $0.12 per‑share quarterly dividend, a $50 million repurchase program through December 2027, continued commercialization progress (seven digital/power counterparties representing >10 GW), access to ~13.4 million acre‑feet of brackish groundwater, and that oil & gas royalties remain a limited exposure (~5% of Q2 revenue) with prevailing produced‑water royalty rates near $0.15/barrel.
LandBridge Company LLC Class A Financial Statement Overview
Summary
Strong cash generation stands out (robust TTM operating cash flow and free cash flow, with FCF exceeding net income and ~28% FCF growth). Profitability has improved into TTM with strong margins, but results have shown volatility across periods and leverage appears elevated/uncertain in the latest snapshots, which tempers the score.
Income Statement
74PositiveBalance Sheet
63PositiveCash Flow
84Very Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 225.45M | 199.09M | 109.95M | 72.86M | 51.78M |
| Gross Profit | 208.33M | 181.08M | 98.97M | 60.66M | 41.22M |
| EBITDA | 149.06M | 125.64M | -7.39M | 79.32M | 3.63M |
| Net Income | 46.32M | 30.13M | 5.11M | 63.17M | -6.36M |
Balance Sheet | |||||
| Total Assets | 1.38B | 1.37B | 1.00B | 288.95M | 276.02M |
| Cash, Cash Equivalents and Short-Term Investments | 39.80M | 30.74M | 37.03M | 37.82M | 25.35M |
| Total Debt | 535.72M | 560.28M | 381.24M | 128.68M | 61.01M |
| Total Liabilities | 545.46M | 572.07M | 395.41M | 138.20M | 66.06M |
| Stockholders Equity | 355.53M | 340.30M | 436.01M | 150.75M | 209.96M |
Cash Flow | |||||
| Free Cash Flow | 170.05M | 122.04M | 66.65M | 50.26M | 17.21M |
| Operating Cash Flow | 155.52M | 126.27M | 67.64M | 53.04M | 20.50M |
| Investing Cash Flow | -226.55M | -233.07M | -724.35M | -2.77M | -11.67M |
| Financing Cash Flow | 90.48M | 100.51M | 655.92M | -37.80M | 3.27M |
LandBridge Company LLC Class A Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LB, the sentiment is Positive. The current price of 83.59 is above the 20-day moving average (MA) of 82.63, below the 50-day MA of 84.31, and above the 200-day MA of 73.32, indicating a neutral trend. The MACD of -0.66 indicates Negative momentum. The RSI at 53.64 is Neutral, neither overbought nor oversold. The STOCH value of 91.78 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LB.
LandBridge Company LLC Class A Risk Analysis
LandBridge Company LLC Class A disclosed 57 risk factors in its most recent earnings report. LandBridge Company LLC Class A reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
0 New RisksLandBridge Company LLC Class A Peers Comparison
Overall Rating
DMLP87Outperform
BSM81Outperform
KRP75Outperform
TPL72Outperform- LB69Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| DMLP | 87Outperform | $1.46B | 16.46 | 28.25% | 10.72% | 13.91% | -1.27% |
| BSM | 81Outperform | $3.16B | 12.29 | 25.56% | 8.22% | 0.64% | 2.99% |
| KRP | 75Outperform | $2.17B | 20.03 | 12.70% | 9.48% | 10.33% | ― |
| TPL | 72Outperform | $22.88B | 42.25 | 35.77% | 0.70% | 20.82% | 17.23% |
| LB | 69Neutral | $6.44B | 36.99 | 14.12% | 0.55% | 44.09% | 62.65% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| LB | LandBridge Company LLC Class A | 83.59 | 23.02 | 38.00% | |
| DMLP | Dorchester Minerals | 29.80 | 8.25 | 38.26% | |
| TPL | Texas Pacific Land Corporation | 331.68 | 25.34 | 8.27% | |
| BSM | Black Stone Minerals LP | 14.85 | 2.85 | 23.74% | |
| KRP | Kimbell Royalty Partners | 16.88 | 5.10 | 43.26% | |
| TXO | TXO Energy Partners LP | 14.03 | 2.10 | 17.59% |
LandBridge Company LLC Class A Corporate Events
LandBridge upsizes senior notes to strengthen financing
PositiveOn October 1, 2026, DBR Land Holdings LLC, a subsidiary of LandBridge Company LLC, completed an upsized private placement of $125 million in additional 6.250% senior notes due 2030, bringing the total outstanding in this series to $625 million. The n...
LandBridge Upsizes DBR Senior Notes Private Placement
PositiveOn September 22, 2026, LandBridge Company LLC announced that its subsidiary DBR Land Holdings LLC priced an upsized private placement of $125 million in 6.250% senior notes due 2030 at 99.375% of par, increased from a previously planned $100 million...
LandBridge Announces Private Offering of Additional Senior Notes
PositiveOn September 22, 2026, LandBridge Company LLC announced that its subsidiary DBR Land Holdings LLC intends, subject to market conditions, to launch a private offering of $100 million in additional 6.250% senior notes due 2030 to eligible purchasers in...
LandBridge Announces Planned Retirement of Key Executive Officer
NeutralOn September 18, 2026, LandBridge Company LLC announced that Jason Williams, its Executive Vice President and Chief Administrative Officer who also serves as principal accounting officer, has notified the company of his intent to retire in July 2027....
LandBridge Reports Record Q2 Results and Strategic Actions
PositiveFor the quarter ended June 30, 2026, LandBridge reported record revenue of $66.8 million, up 41% year-over-year, and net income of $31.0 million, with a 46% margin, alongside Adjusted EBITDA of $59.8 million and robust free cash flow generation. The...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 01, 2026