LandBridge Company LLC Class A (LB)
NYSE:LB
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Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.53Last Year’s EPS
0.24Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong year-over-year growth, exceptional cash conversion, a raised full-year guidance range and validation of strategic initiatives (fee-based surface model, WaterBridge partnership, PowerBridge data center option). Notable near-term headwinds include expected quarter-to-quarter seasonality, an ~11% sequential revenue decline in Q1, some revenue concentration tied to upstream development (~20%) and net leverage slightly above the long-term target. On balance, management presented multiple durable, high-margin revenue drivers, significant pipeline visibility and continued capital allocation discipline, outweighing the expected seasonality and lumpiness risks.Company Guidance
Year-over-Year Revenue and Adjusted EBITDA Growth
Total revenue of $51.0M, up ~16% year-over-year; adjusted EBITDA of $44.9M, also up ~16% year-over-year, with an adjusted EBITDA margin of 88% (consistent with prior-year quarter).
Raised Full-Year Guidance
Full-year 2026 adjusted EBITDA guidance raised to $210M–$230M (increase of $5M at both the low and high end), driven by increased visibility in the commercial pipeline and a more supportive macro environment.
Very Strong Cash Generation and Free Cash Flow Conversion
Cash flow from operations $41.1M and free cash flow $40.9M, representing a ~158% year-over-year increase and a free cash flow margin of 80% (converting roughly $0.80 of every revenue dollar to free cash flow).
Surface Use Royalties as Primary Growth Driver
Surface use royalties and related revenues increased ~41% year-over-year to $37M, identified as the primary driver of revenue growth (benefitting from WaterBridge DPX Kraken development, new easement payments and broader surface activity).
Scale and Strategic Land Positioning
Portfolio now exceeds ~320,000 surface acres (added nearly 50,000 acres over the past year) focused on fee surface ownership to enable long-duration, multi-decade commercial opportunities across produced water, pipelines, power and data centers.
Strategic Partnerships and New Data Center Opportunity
Announced a 1-year option with PowerBridge for up to 3,400 acres (option payment $2.6M recognized in Q1) to develop the Alpha Digital gigascale data center campus (initial power expected next year; large-scale generation by 2028), validating the data center thesis in West Texas.
Water Midstream Integration and Royalty Upside
WaterBridge operates one of the largest water midstream networks in the Delaware Basin; ~1.5 million barrels/day of infrastructure sits on LandBridge land today, creating growing royalty streams without LandBridge deploying capital.
Balance Sheet and Capital Allocation Discipline
Total liquidity of $259.7M ($29.7M cash + ~$230M available revolver), repaid $25.2M of debt in the quarter, total borrowings $545M (down from $570M), net leverage 2.7x (improving from 2.8x), declared $0.12/share dividend and maintain a $50M share repurchase authorization.
LB Earnings History
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 |
|---|---|---|---|
May 06, 2026 | $66.00 | $63.97 | -3.08% |
Feb 25, 2026 | $65.36 | $74.32 | +13.70% |
Nov 12, 2025 | $81.24 | $72.87 | -10.31% |
Aug 07, 2025 | $59.05 | $50.58 | -14.34% |
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 Aug 12, 2026, After Close (Confirmed).
What is LandBridge Company LLC Class A (LB) earnings time?
LandBridge Company LLC Class A (LB) earnings time is at Aug 12, 2026, 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 2026 (Q2) is 0.53.