Symbols / LB Stock $69.66 +2.68% LandBridge Company LLC

Energy • Oil & Gas Equipment & Services • United States • NYQ
LB (Stock) Chart
O: — H: — L: — C: — V: —
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Energy
Industry Oil & Gas Equipment & Services
CEO Mr. Jason Long
Exch · Country NYQ · United States
Market Cap 5.54B
Enterprise Value 2.92B
Income 29.38M
Sales 199.09M
FCF (ttm) 93.18M
Book/sh 12.22
Cash/sh 1.10
Employees —
Insider 10d —
IPO Jun 28, 2024
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 42.74%
P/E 74.90
Forward P/E 30.59
PEG —
P/S 27.85
P/B 5.70
P/C —
EV/EBITDA 22.48
EV/Sales 14.68
Quick Ratio 4.48
Current Ratio 4.87
Debt/Eq 70.57
LT Debt/Eq —
EPS (ttm) 0.93
EPS next Y 2.28
EPS Growth 5.59%
Revenue Growth 55.60%
EPS Gr Q/Q 228.30%
Rev Gr Q/Q —
Earnings (next) 2026-05-06
Earnings (prior) 2026-02-26
ROA 6.18%
ROE 10.12%
ROIC —
Gross Margin 98.98%
Oper. Margin 60.01%
Profit Margin 15.13%
Shs Outstand 27.84M
Shs Float 27.69M
Insider Own 2.16%
Instit Own 102.66%
Short Float 10.62%
Short Ratio 6.44
Short Interest 2.89M
52W High 87.60
vs 52W High -20.48%
52W Low 43.75
vs 52W Low 59.22%
Beta —
Impl. Vol. 0.39%
Rel Volume 0.36
Avg Volume 466.23K
Volume 169.28K
Target (mean) $80.57
Tgt Median $83.00
Tgt Low $65.00
Tgt High $98.00
# Analysts 7
Recom Buy
Prev Close $67.84
Price $69.66
Change 2.68%
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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$80.57
Mean price target
2. Current target
$69.66
Latest analyst target
3. DCF / Fair value
$60.25
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$69.66
Low
$65.00
High
$98.00
Mean
$80.57

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-18 main Wells Fargo Overweight → Overweight $92
2026-03-13 main Goldman Sachs Buy → Buy $84
2026-02-27 main Barclays Equal-Weight → Equal-Weight $75
2025-11-26 main Wells Fargo Overweight → Overweight $90
2025-10-17 main Wells Fargo Overweight → Overweight $91
2025-10-14 main Barclays Equal-Weight → Equal-Weight $57
2025-08-15 main Piper Sandler Neutral → Neutral $55
2025-08-08 main Raymond James Outperform → Outperform $75
2025-07-10 main Barclays Equal-Weight → Equal-Weight $66
2025-05-21 down Johnson Rice Buy → Accumulate —
2025-05-16 main Wells Fargo Overweight → Overweight $93
2025-03-26 main Goldman Sachs Buy → Buy $88
2025-03-21 main Barclays Equal-Weight → Equal-Weight $80
2025-03-07 main Wells Fargo Overweight → Overweight $82
2025-03-07 main Piper Sandler Neutral → Neutral $70
2025-01-28 main Raymond James Outperform → Outperform $85
2025-01-17 main Barclays Equal-Weight → Equal-Weight $79
2024-12-10 reit RBC Capital Underperform → Underperform $25
2024-11-25 main Piper Sandler Neutral → Neutral $79
2024-08-09 main Wells Fargo Overweight → Overweight $36
News
RSS: Latest LB news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-06 WATSON CHARLES L. Director — 53,350 $74.07 $3,974,476
2026-01-06 MCNEELY SCOTT LLOYD Chief Financial Officer — 549 $45.49 $24,974
2026-01-05 LONG JASON THOMAS Chief Executive Officer — 2,143 $46.59 $99,842
2026-01-05 BOLLING HARRISON FENNER General Counsel — 850 $46.84 $39,814
2025-11-18 CAPOBIANCO DAVID N Director and Beneficial Owner of more than 10% of a Class of Security — 2,500,000 $70.00 $175,000,000
2025-11-18 CAPOBIANCO DAVID N Director and Beneficial Owner of more than 10% of a Class of Security — 2,500,000 — —
2025-11-18 FIVE POINT ENERGY FUND II AIV-VII LP Beneficial Owner of more than 10% of a Class of Security — 2,500,000 $70.00 $175,000,000
2025-11-18 FIVE POINT ENERGY FUND II AIV-VII LP Beneficial Owner of more than 10% of a Class of Security — 2,500,000 — —
2025-11-18 LANDBRIDGE HOLDINGS LLC Beneficial Owner of more than 10% of a Class of Security — 2,500,000 $70.00 $175,000,000
2025-11-18 LANDBRIDGE HOLDINGS LLC Beneficial Owner of more than 10% of a Class of Security — 2,500,000 — —
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
199.09
+81.07%
109.95
+50.90%
72.86
+40.73%
51.78
Operating Revenue
195.11
+77.45%
109.95
+50.90%
72.86
+40.73%
51.78
Cost Of Revenue
13.50
+22.82%
10.99
-9.99%
12.21
+15.60%
10.56
Reconciled Cost Of Revenue
13.50
+22.82%
10.99
-9.99%
12.21
+15.60%
10.56
Gross Profit
185.60
+87.54%
98.97
+63.15%
60.66
+47.17%
41.22
Operating Expense
67.10
-41.90%
115.48
+1334.91%
-9.35
-121.04%
44.45
Selling General And Administration
62.45
-44.39%
112.30
+1028.81%
-12.09
-128.93%
41.80
General And Administrative Expense
62.45
-44.39%
112.30
+1028.81%
-12.09
-128.93%
41.80
Other Gand A
62.45
-44.39%
112.30
+1028.81%
-12.09
-128.93%
41.80
Other Operating Expenses
4.65
+46.47%
3.17
+15.84%
2.74
+3.47%
2.65
Total Expenses
80.59
-36.27%
126.46
+4328.01%
2.86
-94.81%
55.01
Operating Income
118.50
+817.75%
-16.51
-123.58%
70.01
+2266.12%
-3.23
Total Operating Income As Reported
118.50
+817.75%
-16.51
-123.58%
70.01
+2266.12%
-3.23
EBITDA
125.64
+1799.23%
-7.39
-109.32%
79.32
+2084.52%
3.63
Normalized EBITDA
125.64
+1799.23%
-7.39
-109.32%
79.32
+2084.52%
3.63
Reconciled Depreciation
11.47
+29.24%
8.88
+1.29%
8.76
+30.39%
6.72
EBIT
114.17
+801.77%
-16.27
-123.06%
70.56
+2384.17%
-3.09
Net Income
30.13
+489.59%
5.11
-91.91%
63.17
+1093.11%
-6.36
Pretax Income
81.47
+305.70%
-39.60
-162.33%
63.54
+1125.37%
-6.20
Net Non Operating Interest Income Expense
-32.71
-40.16%
-23.34
-232.60%
-7.02
-125.74%
-3.11
Interest Expense Non Operating
32.71
+40.16%
23.34
+232.60%
7.02
+125.74%
3.11
Net Interest Income
-32.71
-40.16%
-23.34
-232.60%
-7.02
-125.74%
-3.11
Interest Expense
32.71
+40.16%
23.34
+232.60%
7.02
+125.74%
3.11
Other Income Expense
-4.33
-1896.27%
0.24
-56.10%
0.55
+283.92%
0.14
Other Non Operating Income Expenses
-4.33
-1896.27%
0.24
-56.10%
0.55
+283.92%
0.14
Tax Provision
9.07
+383.52%
1.88
+406.76%
0.37
+125.61%
0.16
Tax Rate For Calcs
0.00
-47.14%
0.00
+3400.00%
0.00
-97.14%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
72.40
+1241.22%
5.40
-91.46%
63.17
+1093.11%
-6.36
Net Income From Continuing Operation Net Minority Interest
30.13
+172.13%
-41.77
-166.12%
63.17
+1093.11%
-6.36
Net Income From Continuing And Discontinued Operation
30.13
+172.13%
-41.77
-166.12%
63.17
+1093.11%
-6.36
Net Income Continuous Operations
72.40
+274.54%
-41.48
-165.66%
63.17
+1093.11%
-6.36
Minority Interests
-42.27
-14577.43%
-0.29
+99.37%
-45.92
—
Normalized Income
30.13
+172.13%
-41.77
-166.12%
63.17
+1093.11%
-6.36
Net Income Common Stockholders
29.38
+498.03%
4.91
-92.22%
63.17
+1093.11%
-6.36
Otherunder Preferred Stock Dividend
0.75
+280.30%
0.20
—
—
Diluted EPS
1.08
+392.53%
0.22
-94.96%
4.36
+1093.11%
-0.44
Basic EPS
1.08
+392.53%
0.22
-94.96%
4.36
+1093.11%
-0.44
Basic Average Shares
27.84
+19.71%
23.26
+60.38%
14.50
+0.00%
14.50
Diluted Average Shares
27.84
+19.71%
23.26
+60.38%
14.50
+0.00%
14.50
Diluted NI Availto Com Stockholders
71.63
+1254.03%
5.29
-91.63%
63.17
+1093.11%
-6.36
Average Dilution Earnings
42.25
+11078.04%
0.38
—
—
Depreciation Amortization Depletion Income Statement
—
—
8.82
+31.32%
6.72
Net Income Extraordinary
0.00
-100.00%
46.88
—
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
1,366.06
+32.31%
1,032.48
+257.32%
288.95
+4.68%
276.02
Current Assets
59.81
+12.19%
53.31
+1.98%
52.28
+40.13%
37.31
Cash Cash Equivalents And Short Term Investments
30.74
-16.99%
37.03
-2.09%
37.82
+134.20%
16.15
Cash And Cash Equivalents
30.74
-16.99%
37.03
-2.09%
37.82
+134.20%
16.15
Receivables
24.31
+65.87%
14.65
+9.20%
13.42
+18.48%
11.33
Accounts Receivable
19.36
+54.36%
12.54
+1.30%
12.38
+13.57%
10.90
Restricted Cash
—
—
0.00
-100.00%
9.20
Other Current Assets
4.77
+192.75%
1.63
+57.29%
1.03
+64.29%
0.63
Total Non Current Assets
1,306.24
+33.40%
979.16
+313.72%
236.67
-0.86%
238.71
Net PPE
1,084.45
+20.13%
902.74
+344.66%
203.02
-2.07%
207.31
Gross PPE
1,108.11
+20.38%
920.49
+328.98%
214.57
+0.98%
212.49
Accumulated Depreciation
-23.66
-33.30%
-17.75
-53.57%
-11.56
-123.35%
-5.17
Properties
39.11
+0.00%
39.11
+0.00%
39.11
0.00
Land And Improvements
1,031.13
+20.59%
855.09
+442.10%
157.74
+0.16%
157.49
Buildings And Improvements
7.78
+50.68%
5.16
+99.00%
2.59
+29.57%
2.00
Machinery Furniture Equipment
29.98
+42.03%
21.11
+39.50%
15.13
+14.13%
13.26
Construction In Progress
0.11
+664.29%
0.01
0.00
-100.00%
0.63
Other Properties
—
—
39.11
+0.00%
39.11
Goodwill And Other Intangible Assets
136.96
+202.58%
45.27
+58.03%
28.64
-7.24%
30.88
Other Intangible Assets
136.96
+202.58%
45.27
+58.03%
28.64
-7.24%
30.88
Non Current Deferred Assets
80.97
+175.27%
29.42
0.00
—
Non Current Deferred Taxes Assets
80.97
+175.27%
29.42
0.00
—
Other Non Current Assets
3.86
+121.48%
1.74
-65.25%
5.01
+861.61%
0.52
Total Liabilities Net Minority Interest
572.07
+44.68%
395.41
+186.11%
138.20
+109.20%
66.06
Current Liabilities
12.29
-14.74%
14.41
-46.83%
27.10
+57.66%
17.19
Payables And Accrued Expenses
10.32
-3.02%
10.65
+77.94%
5.98
+63.07%
3.67
Payables
3.13
-23.25%
4.08
+204.71%
1.34
+22.64%
1.09
Accounts Payable
0.56
+14.93%
0.49
+144.50%
0.20
+426.32%
0.04
Current Accrued Expenses
7.20
+9.53%
6.57
+41.42%
4.64
+80.18%
2.58
Total Tax Payable
1.79
-38.46%
2.90
+323.65%
0.69
+44.21%
0.47
Income Tax Payable
—
2.29
+493.77%
0.39
+81.60%
0.21
Current Debt And Capital Lease Obligation
0.69
+63.21%
0.42
-97.92%
20.34
+73.94%
11.69
Current Debt
0.69
+63.21%
0.42
-97.92%
20.34
+73.94%
11.69
Current Deferred Liabilities
1.26
+3.44%
1.22
+339.21%
0.28
-79.05%
1.33
Current Deferred Revenue
1.26
+3.44%
1.22
+339.21%
0.28
-79.05%
1.33
Other Current Liabilities
0.01
-99.67%
2.12
+323.80%
0.50
+0.00%
0.50
Total Non Current Liabilities Net Minority Interest
559.78
+46.93%
381.00
+242.93%
111.10
+127.33%
48.87
Long Term Debt And Capital Lease Obligation
559.59
+46.95%
380.81
+251.49%
108.34
+135.95%
45.92
Long Term Debt
559.59
+46.95%
380.81
+251.49%
108.34
+135.95%
45.92
Other Non Current Liabilities
0.19
+4.92%
0.18
-93.37%
2.76
-6.63%
2.96
Stockholders Equity
0.00
0.00
0.00
0.00
Common Stock Equity
340.30
+60.69%
211.78
+40.48%
150.75
-28.20%
209.96
Share Issued
27.84
+19.71%
23.26
+60.38%
14.50
+0.00%
14.50
Ordinary Shares Number
27.84
+19.71%
23.26
+60.38%
14.50
+0.00%
14.50
Retained Earnings
23.23
+593.73%
3.35
—
—
Minority Interest
453.68
+6.67%
425.30
—
—
Total Equity Gross Minority Interest
793.99
+24.63%
637.07
+322.61%
150.75
-28.20%
209.96
Total Capitalization
899.89
+51.86%
592.59
+128.72%
259.09
+1.26%
255.88
Working Capital
47.53
+22.17%
38.91
+54.52%
25.18
+25.15%
20.12
Invested Capital
900.59
+51.87%
593.01
+112.22%
279.43
+4.43%
267.57
Total Debt
560.28
+46.96%
381.24
+196.26%
128.68
+123.37%
57.61
Net Debt
529.54
+53.84%
344.21
+278.84%
90.86
+119.15%
41.46
Net Tangible Assets
-136.96
-202.58%
-45.27
-58.03%
-28.64
+7.24%
-30.88
Tangible Book Value
203.34
+22.12%
166.51
+36.37%
122.10
-31.82%
179.08
Duefrom Related Parties Current
4.95
+134.25%
2.11
+103.57%
1.04
+144.58%
0.42
Dueto Related Parties Current
0.78
+13.85%
0.69
+51.43%
0.45
-21.63%
0.58
General Partnership Capital
—
—
-0.00
—
Interest Payable
3.55
-6.35%
3.79
+145.31%
1.55
+516.33%
0.25
Limited Partnership Capital
317.07
+52.12%
208.43
+38.26%
150.75
-28.20%
209.96
Total Partnership Capital
340.30
+60.69%
211.78
+40.48%
150.75
-28.20%
209.96
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
126.27
+86.69%
67.64
+27.51%
53.04
+158.74%
20.50
Cash Flow From Continuing Operating Activities
126.27
+86.69%
67.64
+27.51%
53.04
+158.74%
20.50
Net Income From Continuing Operations
72.40
+274.54%
-41.48
-165.66%
63.17
+1093.11%
-6.36
Depreciation Amortization Depletion
11.47
+29.24%
8.88
+1.29%
8.76
+30.39%
6.72
Depreciation
11.47
+29.24%
8.88
+1.29%
8.76
+30.39%
6.72
Amortization Cash Flow
—
2.60
+18.18%
2.20
—
Depreciation And Amortization
11.47
+29.24%
8.88
+1.29%
8.76
+30.39%
6.72
Amortization Of Intangibles
—
2.60
+18.18%
2.20
—
Other Non Cash Items
2.21
+30.24%
1.69
+1092.25%
0.14
—
Stock Based Compensation
45.32
-52.46%
95.33
+653.31%
-17.23
-147.39%
36.36
Asset Impairment Charge
—
0.01
+171.43%
-0.01
-118.42%
0.04
Deferred Tax
4.08
+1093.67%
-0.41
0.00
—
Deferred Income Tax
4.08
+1093.67%
-0.41
0.00
—
Operating Gains Losses
4.42
—
-0.24
—
Change In Working Capital
-13.62
-475.93%
3.62
+300.83%
-1.80
+88.90%
-16.26
Change In Receivables
-9.67
-1030.51%
1.04
+149.78%
-2.09
+67.10%
-6.34
Changes In Account Receivables
-6.83
-423.43%
2.11
+243.35%
-1.47
+75.19%
-5.94
Change In Prepaid Assets
1.30
+496.65%
-0.33
-862.79%
0.04
-90.23%
0.44
Change In Payables And Accrued Expense
-5.25
-280.39%
2.91
+1113.33%
0.24
+102.25%
-10.66
Change In Accrued Expense
-1.62
-419.37%
0.51
+372.04%
-0.19
+85.89%
-1.32
Change In Payable
-3.64
-251.16%
2.41
+464.79%
0.43
+104.56%
-9.34
Change In Account Payable
0.02
-94.12%
0.27
-24.86%
0.36
+122.85%
-1.58
Change In Other Working Capital
—
0.94
+195.05%
-0.99
-421.10%
0.31
Investing Cash Flow
-233.07
+67.82%
-724.35
-26031.02%
-2.77
+76.25%
-11.67
Cash Flow From Continuing Investing Activities
-233.07
+67.82%
-724.35
-26031.02%
-2.77
+76.25%
-11.67
Capital Expenditure
-4.24
-330.05%
-0.98
+64.61%
-2.78
+15.44%
-3.29
Capital Expenditure Reported
-4.24
-330.05%
-0.98
+64.61%
-2.78
+15.44%
-3.29
Net Business Purchase And Sale
-229.05
+68.34%
-723.37
0.00
+100.00%
-8.38
Purchase Of Business
-229.05
+68.34%
-723.37
0.00
+100.00%
-8.38
Net Other Investing Changes
0.21
—
0.01
—
Financing Cash Flow
100.51
-84.68%
655.92
+1835.34%
-37.80
-1256.26%
3.27
Cash Flow From Continuing Financing Activities
100.51
-84.68%
655.92
+1835.34%
-37.80
-1256.26%
3.27
Net Issuance Payments Of Debt
184.35
-27.57%
254.54
+252.65%
72.18
+1210.45%
-6.50
Issuance Of Debt
783.55
+87.68%
417.50
+178.33%
150.00
0.00
Repayment Of Debt
-599.20
-267.69%
-162.96
-109.41%
-77.82
-1097.25%
-6.50
Long Term Debt Issuance
783.55
+87.68%
417.50
+178.33%
150.00
0.00
Long Term Debt Payments
-599.20
-267.69%
-162.96
-109.41%
-77.82
-1097.25%
-6.50
Net Long Term Debt Issuance
184.35
-27.57%
254.54
+252.65%
72.18
+1210.45%
-6.50
Net Common Stock Issuance
0.00
-100.00%
617.55
0.00
—
Common Stock Dividend Paid
-63.71
+64.26%
-178.24
-69.49%
-105.17
-9165.64%
-1.14
Cash Dividends Paid
-63.71
+64.26%
-178.24
-69.49%
-105.17
-9165.64%
-1.14
Net Other Financing Charges
-20.13
+46.92%
-37.92
-688.09%
-4.81
-144.13%
10.90
Changes In Cash
-6.29
-695.32%
-0.79
-106.34%
12.47
+3.10%
12.10
Beginning Cash Position
37.03
-2.09%
37.82
+49.20%
25.35
+91.27%
13.25
End Cash Position
30.74
-16.99%
37.03
-2.09%
37.82
+49.20%
25.35
Free Cash Flow
122.04
+83.10%
66.65
+32.62%
50.26
+192.05%
17.21
Interest Paid Supplemental Data
26.96
+37.03%
19.68
+232.72%
5.91
+84.70%
3.20
Income Tax Paid Supplemental Data
8.73
+2167.53%
0.39
+80.75%
0.21
-97.49%
8.50
Change In Income Tax Payable
-3.75
-297.16%
1.90
+998.84%
0.17
+102.08%
-8.33
Change In Tax Payable
-3.75
-297.16%
1.90
+998.84%
0.17
+102.08%
-8.33
Common Stock Issuance
0.00
-100.00%
617.55
0.00
—
Depletion
—
3.60
-10.00%
4.00
—
Issuance Of Capital Stock
0.00
-100.00%
617.55
0.00
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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