LandBridge Company LLC

LB · NYSE · Energy / Oil & Gas E&P

73.15USD+2.47 (+3.49%)

Price History

Full chart

Market Stats

Previous Close70.68

Open71.97

Day Range71.00 – 73.50

52-Week Range43.55 – 91.57

Volume495.89K

Market Cap6.32B

P/E (TTM)72.72

Forward P/E21.60

EPS1.11

Dividend Yield0.59%

Beta0.10

50-Day Avg82.10

200-Day Avg69.76

About

LandBridge Company LLC, together with its subsidiaries, 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 sells brackish water and other surface composite materials. The company was founded in 2021 and is headquartered in Houston, Texas. LandBridge Company LLC operates as a subsidiary of LandBridge Holdings LLC.

Company Details

SectorEnergy
IndustryOil & Gas E&P
CEOMr. Jason Long
Employees4
Headquarters5555 San Felipe Street, Houston, TX, United States, 77056, USA
Websitehttps://www.landbridgeco.com

Leadership

Mr. Jason LongPresident, CEO & Director · b. 1982
Mr. Harrison F. BollingExecutive VP & General Counsel · b. 1983
Mr. Mae HerringtonDirector of Investor Relations

Financials

Income Statement

Currency: USD	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	51.78M	72.86M	109.95M	199.09M
Growth (%)	-	+40.73%	+50.90%	+81.07%
Cost of Revenue	10.56M	12.21M	10.99M	18.01M
Gross Profit	41.22M	60.66M	98.97M	181.08M
Gross Margin	79.60%	83.25%	90.01%	90.95%
Operating Expense	44.45M	-9.35M	115.48M	62.58M
Operating Income	-3.23M	70.01M	-16.51M	118.50M
Operating Margin	-6.24%	96.08%	-15.02%	59.52%
EBITDA	3.63M	79.16M	-7.47M	125.64M
EBITDA Margin	7.01%	108.64%	-6.79%	63.11%
Net Income	-6.36M	63.17M	5.11M	30.13M
Net Income Margin	-12.29%	86.70%	4.65%	15.13%
Interest Expense	3.11M	7.02M	23.34M	32.71M
Interest Expense % of Total Revenue	6.00%	9.63%	21.22%	16.43%

Balance Sheet

Currency: USD	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	276.02M	288.95M	1.00B	1.37B
Total Liabilities	66.06M	138.20M	395.41M	572.07M
Total Equity	209.96M	150.75M	436.01M	340.30M
Cash	25.35M	37.82M	37.03M	30.74M
Total Debt	61.01M	128.68M	381.24M	560.28M
Net Debt	35.66M	90.86M	344.21M	529.54M

Cash Flow

Currency: USD	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	20.50M	53.04M	67.64M	126.27M
Investing Cash Flow	-11.67M	-2.77M	-724.35M	-233.07M
Financing Cash Flow	3.27M	-37.80M	655.92M	100.51M
Capital Expenditure	3.29M	2.78M	985.00K	4.24M
Free Cash Flow	17.21M	50.26M	66.65M	122.04M
Dividends Paid	1.14M	105.17M	178.24M	63.71M
FCF to OCF	83.95%	94.75%	98.54%	96.65%
Dividend Paid to FCF	6.60%	209.25%	267.43%	52.21%

Earnings

Report Date	May 29, 2024	Aug 7, 2024	Nov 7, 2024	Mar 5, 2025	May 8, 2025	Aug 5, 2025	Nov 12, 2025	Feb 25, 2026	May 7, 2026	Aug 5, 2026	Nov 11, 2026
EPS Estimate	0.00	0.21	2.36	0.73	0.36	0.38	0.51	0.32	0.31	0.37	0.43
EPS Actual	0.18	-3.31	0.15	0.25	0.22	0.23	0.24	0.23	0.23	0.40	-
Surprise	-	-1675.52%	-93.64%	-65.75%	-38.89%	-39.47%	-52.94%	-26.69%	-25.81%	8.11%	-
Timing	-	After-hours	Pre-market	-	Pre-market	Pre-market	After-hours	-	Pre-market	After-hours	-

Key Statistics & Ratios

Market Cap6.32B

Enterprise Value2.93B

Trailing P/E72.72

Forward P/E21.60

Price / Sales28.05

Price / Book6.85

EPS1.11

Book Value12.59

Revenue (TTM)225.45M

Gross Profit (TTM)222.84M

EBITDA153.42M

Profit Margin16.48%

Operating Margin66.07%

Return on Equity11.52%

Return on Assets7.07%

Shares Outstanding29.65M

Shares Float28.15M

Beta0.10

Dividend Yield0.59%

Dividend Rate0.48

Payout Ratio41.64%

Analyst Ratings

Buy

Based on 8 analystsTarget 88.57

Strong Buy
2
Buy
3
Hold
3

Ownership Breakdown

Institutions: 97.82%
Insiders: 1.08%
Retail / Other: 1.10%

Top Institutional Holders

First Manhattan Co. LLC
7.06M24.85%
Horizon Asset Management Inc/ny
5.66M19.92%
Morgan Stanley - Brokerage Accounts
1.48M5.20%
FMR Inc
1.33M4.70%
Vanguard Portfolio Management, LLC
1.24M4.37%
William Blair Investment Management, LLC
1.24M4.35%
Schwartz Investment Counsel Inc
644.72K2.27%
UBS Group AG
633.17K2.23%
Hood River Capital Management LLC
621.08K2.19%
Marshall Wace Asset Management Ltd
562.06K1.98%
Two Sigma Investments LLC
518.85K1.83%
DF Dent & Co Inc
497.81K1.75%
Cortland Associates Inc
384.32K1.35%

Top Fund Holders

Horizon Kinetics Inflation Bnfcrs ETF
1.31M4.40%
Vanguard Real Estate Index Investor
1.05M3.53%
Kinetics Paradigm No Load
916.40K3.09%
Fidelity Dividend Growth
738.10K2.49%
T. Rowe Price Small-Cap Stock
568.66K1.92%
Hood River Small-Cap Growth Instl
564.76K1.90%
Kinetics Small Cap Opportunities No Load
395.04K1.33%

Dividends

20263×

0.12Aug 27, 20260.12Jun 4, 20260.12Mar 5, 2026

20254×

0.10Dec 4, 20250.10Sep 4, 20250.10Jun 5, 20250.10Mar 6, 2025

20241×

0.10Dec 5, 2024

Stock Splits

May 31, 20002:1
Jun 2, 199810000:9827
Jun 20, 19902:1
Jun 24, 19863:2
Jun 26, 19852:1
Jun 14, 19832:1
Nov 23, 19822:1
May 22, 19783:2
Jun 20, 19772:1
Jun 28, 19763:2