The earnings call highlighted significant revenue and EBITDA growth, strategic partnerships, and diversified revenue streams. However, there were challenges with declines in resource sales and royalty revenues, as well as delays in expected solar project revenues.

Company Guidance -

Q3 2025

During the LandBridge Second Quarter 2025 Earnings Call, the company reported substantial financial growth, with year-over-year revenue and adjusted EBITDA increases of 83% and 81%, respectively. Their adjusted EBITDA margin reached 89%, reflecting their capital-light business model. The quarter's revenues rose to $47.5 million, an 8% sequential increase, driven by a 31% rise in surface use royalties and revenue. Despite a 26% sequential decline in resource sales royalties and a 19% decrease in oil and gas royalties, the company shifted its revenue mix towards fee-based arrangements, now accounting for 94% of total revenues. LandBridge reported free cash flow of approximately $36.1 million, with a free cash flow margin of 76%. They ended the quarter with $95.3 million in total liquidity and a net leverage ratio of 2.4x. The company adjusted its 2025 adjusted EBITDA guidance to between $160 million and $180 million, reflecting delayed revenue recognition from a solar project. Additionally, LandBridge announced strategic partnerships and new agreements, including a significant 10-year deal with Devon Energy for pore space capacity, and a collaboration to develop energy infrastructure in West Texas.

Significant Revenue and EBITDA Growth

LandBridge reported strong year-over-year revenue and adjusted EBITDA growth of 83% and 81%, respectively, with a 89% adjusted EBITDA margin.

Strategic Partnership and Expansion

LandBridge executed a 10-year agreement with Devon Energy for pore space reservation and announced a strategic partnership for sustainable energy infrastructure in West Texas.

Diversified Revenue Streams

The company has shifted its revenue mix in favor of fee-based arrangements, which now account for a record 94% of total revenues.

Strong Free Cash Flow

Generated free cash flow of approximately $36.1 million, maintaining a free cash flow margin of 76%.

LandBridge Company LLC Class A (LB) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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LB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.51 / -	0.233	―	―	―
Aug 07, 2025	2025 (Q2)	0.37 / 0.24	0.2	20.00% (+0.04)
May 07, 2025	2025 (Q1)	0.35 / 0.31	0.18	74.44% (+0.13)
Mar 05, 2025	2024 (Q4)	0.33 / 0.25	―	―
Nov 06, 2024	2024 (Q3)	0.25 / 0.23	0.955	-75.60% (-0.72)
Aug 07, 2024	2024 (Q2)	0.21 / 0.20	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

LB Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$59.35	$50.84	-14.34%
May 07, 2025	$77.88	$69.02	-11.38%
Mar 05, 2025	$65.31	$61.42	-5.96%
Nov 06, 2024	$60.30	$61.27	+1.61%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does LandBridge Company LLC Class A (LB) report earnings?

LandBridge Company LLC Class A (LB) is schdueled to report earning on Nov 05, 2025, After Close (Confirmed).

What is LandBridge Company LLC Class A (LB) earnings time?

LandBridge Company LLC Class A (LB) earnings time is at Nov 05, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is LB EPS forecast?

LB EPS forecast for the fiscal quarter 2025 (Q3) is 0.51.

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