LandBridge Company LLC manages surface acreage and related resources in Texas and New Mexico, primarily in the Delaware sub-region of the Permian Basin. Its news centers on financial results, surface-use royalties and revenues, resource sales and royalties, oil and gas royalties, and commercial activity tied to energy, power, digital infrastructure and other land uses.
Company updates also cover acreage additions, bolt-on transactions, balance-sheet actions, investor presentations, and projects that use LandBridge land for produced-water handling, power generation or data-center infrastructure. The company was formed by Five Point Infrastructure LLC and trades Class A shares representing limited liability company interests under LB.
LandBridge (LB) reported third-quarter 2026 revenue of $70.9 million, up 39% year over year and 6% from the second quarter. Net income rose 68% year over year to $34.0 million, while adjusted EBITDA, a non-GAAP earnings measure, increased 42% to $63.7 million. Operating cash flow reached $49.6 million.
The company raised its 2026 adjusted EBITDA outlook to $220 million–$235 million, reflecting expected contributions from acquisitions. It acquired approximately 25,000 acres during the quarter, with acquisition expenditures of approximately $266.8 million. PowerBridge signed an 825-acre Alpha Phase I lease and began construction; first power delivery is anticipated in the fourth quarter of 2027. Borrowings rose to $765.0 million from $545.2 million at June 30, before an additional October debt issuance. A $0.12-per-share dividend is payable December 10, 2026.
LandBridge (LB) has completed its conversion from a Delaware limited liability company to a Texas corporation, changing its legal domicile.
Each outstanding Class A and Class B share converted one-for-one into common stock of the corresponding class. Class A common stock trading on the NYSE and NYSE Texas begins October 14, 2026, under the unchanged LB ticker. The conversion received board approval following an independent committee recommendation and approval from the holder of a majority of shares.
LandBridge expects eligibility for potential future inclusion in S&P, Russell and CRSP indices. Its business, management, assets, liabilities and obligations remain unchanged; net worth is unchanged except for conversion-related costs.
LandBridge (LB) will release its third-quarter 2026 financial results after market close on November 4, 2026.
A webcast and conference call to discuss the results will follow on November 5, 2026, at 10 a.m. Central / 11 a.m. Eastern. The webcast will be archived on the company’s Investor Relations website.
LandBridge (LB) priced an upsized Offering of $125 million aggregate principal amount of 6.250% senior notes due 2030 at 99.375% of par, expected to close on October 1, 2026, subject to customary conditions.
The New Notes, issued by subsidiary DBR Land Holdings, increase the previously announced size from $100 million and will be issued as additional notes under the existing November 25, 2025 indenture, alongside $500 million of Existing Notes with the same coupon and maturity. The New Notes will have identical terms to the Existing Notes other than issue date and price and will form a single series under the indenture. LandBridge intends to use net proceeds to repay a portion of borrowings under its revolving credit facility. The New Notes are being placed via Rule 144A and Regulation S exemptions and are not registered under the Securities Act.
LandBridge (LB) plans, through subsidiary DBR Land Holdings, to offer $100 million of additional 6.250% senior notes due 2030 in a private placement, subject to market conditions.
The new notes will be issued under the existing November 25, 2025 indenture pursuant to which $500 million of 6.250% senior notes due 2030 are already outstanding. The new notes will have identical terms to the existing series, other than issue date and price, and will form a single series with them for all indenture purposes. LandBridge intends to use the net proceeds to repay a portion of borrowings under its revolving credit facility. The unregistered notes will be offered only to qualified institutional buyers under Rule 144A in the United States and to investors outside the United States under Regulation S.
LandBridge (NYSE: LB) reported record second quarter 2026 revenue of $66.8 million, up 41% year-over-year and 31% sequentially, with net income of $31.0 million and Adjusted EBITDA of $59.8 million, implying net income and Adjusted EBITDA margins of 46% and 89%, respectively.
Operating cash flow reached $41.4 million and Free Cash Flow $40.2 million, both up 11% year-over-year, supported by a 60% Free Cash Flow margin. Surface use royalties and revenues grew to $52.2 million, driven by increased produced water handling and broader commercial activity across LandBridge’s acreage.
According to LandBridge, total liquidity was $269.8 million at June 30, 2026, including $39.8 million of cash and $230.0 million of available revolver capacity, against $545.2 million of borrowings. On August 4, lender commitments under the 2025 revolving credit facility were raised from $275.0 million to $375.0 million, with potential to increase to $475.0 million, and interest margins were reduced by 25 basis points. The Board declared a $0.12 per share dividend, reaffirmed 2026 Adjusted EBITDA guidance of $210–$230 million, approved a redomicile to a Texas corporation, and agreed to acquire approximately 560 acres underlying the Northern Delaware Basin Landfill for $20 million.
LandBridge (NYSE: LB) will release its second quarter 2026 financial results after market close on Wednesday, August 5, 2026. The company will host a webcast and conference call to discuss the results on Thursday, August 6, 2026, at 10 a.m. CT / 11 a.m. ET.
LandBridge (NYSE: LB) formed a special committee of independent directors to evaluate converting from a Delaware LLC to a Texas corporation. A key goal is potential index eligibility for S&P, Russell and CRSP benchmarks, which LandBridge believes could broaden its investor base and enhance liquidity.
The committee will assess governance, tax impacts and overall risks and benefits. There is no assurance a conversion will be recommended, completed, or lead to index inclusion or anticipated benefits.
LandBridge (NYSE: LB) reported Q1 2026 results: revenues $51.0M (+16% YoY), net income $17.9M (+16% YoY), and Adjusted EBITDA $44.9M (+16% YoY). The company raised full‑year 2026 Adjusted EBITDA guidance to $210M–$230M (≈24% growth at midpoint), declared a $0.12 quarterly dividend payable June 18, 2026, added ~5,700 acres (>320,000 total), and granted a lease option for ~3,400 acres to a giga‑scale data center project.
Liquidity totaled $259.7M with borrowings of $545M as of March 31, 2026.
LandBridge (NYSE: LB) will release first-quarter 2026 financial results after market close on Wednesday, May 6, 2026.
The company will host a live webcast and conference call to discuss results on Thursday, May 7, 2026 at 10:00 AM CT / 11:00 AM ET. According to the company, the webcast will be available on the Investor Relations Events and Presentations page and will be archived afterwards. Participants must pre-register online to receive unique dial-in details for the call.