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LandBridge Company LLC Class A (LB)
NYSE:LB
Earnings Data
Report Date
May 13, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.55Last Year’s EPS
0.31Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong and sustained financial momentum—double-digit sequential growth in Q4, outsized full-year revenue and adjusted EBITDA growth, high margins, meaningful free cash flow, and significant commercial wins (BESS, solar sale, ONEOK, NRG). Balance sheet actions (senior notes and revolver) and shareholder returns (dividend increase and buyback authorization) reinforce confidence. Primary risks discussed were a modest sequential decline in oil & gas royalties, leverage slightly above the target range (2.8x), limited cash on hand, and execution/timing risk tied to ramping projects (BPX Kraken, Speedway, commercialization of 1918 Ranch). Overall, the positives materially outweigh the negatives, with management pointing to clear paths for upside while acknowledging near-term conservative assumptions and some execution risk.Company Guidance
Strong Full-Year Revenue and EBITDA Growth
Fiscal 2025 revenue of $199.1M, up 81% year-over-year; adjusted EBITDA of $177M, up 83% year-over-year, delivering an 89% adjusted EBITDA margin for the year.
Robust Fourth Quarter Performance
Q4 revenue of $56.8M, up 12% sequentially and 56% year-over-year; Q4 adjusted EBITDA of $51.1M, up 14% sequentially and 61% year-over-year, representing a 90% margin.
Exceptional Free Cash Flow and Margins
Generated quarterly free cash flow of $36.4M (64% margin) and full-year free cash flow of $122M (61% margin), supporting reinvestment and capital returns.
Surface Use Economic Efficiency (SUEE) Growth
Across >315,000 acres, SUEE rose 21% year-over-year, increasing from $543 to $658 average revenue per acre. Legacy acreage increased ~150% since 2022 (to $1,160/acre); 2024 vintage acreage grew 145% year-over-year in 2025.
Material Commercial Wins and Diversification
Record ~450 new easements and agreements in 2025, including two BESS development agreements with Samsung C&T (350 MW aggregate), sale of a 3,000-acre solar project (up to 250 MW), a long-term lease with ONEOK for a gas processing facility, and a strategic agreement with NRG for a potential 1.1 GW gas power plant to support a data center.
Balance Sheet Optimization and Liquidity Enhancements
Completed $500M senior notes offering and new $275M revolving credit facility, resulting in total liquidity of $236M (including $31M cash and $205M undrawn capacity) and improved financing flexibility for accretive M&A.
Shareholder Returns and Capital Allocation Priorities
Declared a 20% increase to the quarterly dividend to $0.12 per share and announced a $50M share repurchase authorization; management prioritizes disciplined M&A, balance sheet strength and returning capital to shareholders.
2026 Financial Guidance with Upside Potential
2026 adjusted EBITDA guidance of $205M–$225M (implying >20% year-over-year growth at the midpoint), with management noting upside potential from WaterBridge projects, Speedway pipeline ramp and commercialization of recently acquired acreage like 1918 Ranch.
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 |
|---|---|---|---|
Mar 11, 2026 | $70.70 | $72.72 | +2.86% |
Nov 12, 2025 | $81.24 | $72.87 | -10.31% |
Aug 07, 2025 | $59.05 | $50.58 | -14.34% |
May 07, 2025 | $77.48 | $68.67 | -11.37% |
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 May 13, 2026, After Close (Confirmed).
What is LandBridge Company LLC Class A (LB) earnings time?
LandBridge Company LLC Class A (LB) earnings time is at May 13, 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 (Q1) is 0.55.