LandBridge Company LLC Class A (LB) AI Stock Analysis

• Market Cap: $4.17B
• Dividend Yield: 0.73%
• Average Volume (3M): 401.67K
• Price to Earnings (P/E): 141.2
• Beta (1Y): 1.99
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 4
• Sector: Services
• Sector Strength: N/A
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 0.24
• Shares Outstanding: 25,337,029
• 10 Day Avg. Volume: 445,516
• 30 Day Avg. Volume: 401,673
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.42
• Enterprise Value/Revenue: 32.52
• Enterprise Value/Gross Profit: 35.50
• Enterprise Value/Ebitda: 167.78
• 1Y Price Target: $66.50
• Price Target Upside: 21.91% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4

• Rating: 64 Neutral
• Price Target: $61.00 ▲(11.82% Upside)

LandBridge Company LLC's overall stock score is driven by strong earnings call performance and strategic initiatives, despite challenges in profitability and valuation concerns. The technical indicators suggest potential bearish momentum, and the stock appears overvalued with a high P/E ratio. The company's financial performance shows robust revenue growth but needs improvement in operational efficiency and profitability.

Positive Factors

Revenue Growth

Significant revenue and EBITDA growth indicate strong market demand and effective business strategies, supporting long-term financial health.

Strategic Partnerships

Long-term partnerships enhance service offerings and market reach, providing a stable revenue stream and competitive advantage.

Diversified Revenue Streams

Diversification into fee-based revenues reduces exposure to commodity price volatility, ensuring more predictable cash flows.

Negative Factors

Profitability Challenges

Negative margins indicate operational inefficiencies, which could hinder long-term profitability and require strategic adjustments.

Delayed Project Revenue

Delays in project revenue recognition can impact cash flow expectations and financial planning, affecting near-term financial stability.

Decline in Resource Sales

Declining resource sales royalties could signal weakening demand or competitive pressures, impacting revenue stability.

LandBridge Company LLC Class A Business Overview & Revenue Model

Company Description

LandBridge Company LLC 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 also sells brackish water and other surface composite materials. The company was founded in 2021 and is based in Houston, Texas. LandBridge Company LLC operates as a subsidiary of LandBridge Holdings LLC.

How the Company Makes Money

LandBridge Company LLC Class A generates revenue primarily through freight transportation services. The company's key revenue streams include fees for transporting cargo via its intermodal network, which combines rail, road, and maritime logistics to optimize delivery efficiency and cost-effectiveness. Additionally, LandBridge offers value-added services such as supply chain management and freight forwarding, which further contribute to its earnings. The company may also engage in strategic partnerships with major shipping lines and railroads to enhance its service offerings and expand its market reach.

LandBridge Company LLC Class A Financial Statement Overview

Summary

LandBridge Company LLC exhibits strong revenue growth and cash flow management, but faces challenges in profitability and return on equity. The balance sheet remains stable with moderate leverage, yet operational inefficiencies are impacting margins and returns. Continued focus on improving operational performance and profitability is essential for sustained financial health.

Income Statement

LandBridge Company LLC shows significant revenue growth with a 51% increase from 2023 to 2024. However, profitability metrics such as EBIT and EBITDA margins are negative in 2024, indicating operational challenges. The net profit margin decreased from 86.7% in 2023 to 4.6% in 2024, suggesting a decline in overall profitability.

Balance Sheet

The company maintains a moderate debt-to-equity ratio of 0.87 in 2024, indicating a balanced leverage position. The equity ratio stands at 43.4%, reflecting a stable capital structure. However, the return on equity dropped significantly from 41.9% in 2023 to 1.2% in 2024, highlighting reduced efficiency in generating returns from equity.

Cash Flow

LandBridge Company LLC demonstrates strong free cash flow growth, with a 32.6% increase from 2023 to 2024. The operating cash flow to net income ratio is robust at 13.2, indicating effective cash generation relative to net income. The free cash flow to net income ratio is also strong at 13.0, suggesting efficient cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022
Income Statement
Total Revenue	182.42M	109.95M	72.86M	51.78M
Gross Profit	167.09M	98.97M	60.66M	38.57M
EBITDA	35.36M	-7.47M	79.16M	3.63M
Net Income	-38.80M	5.11M	63.17M	-6.36M
Balance Sheet
Total Assets	1.07B	1.00B	288.95M	276.02M
Cash, Cash Equivalents and Short-Term Investments	20.34M	37.03M	37.82M	25.35M
Total Debt	371.04M	381.24M	131.78M	61.01M
Total Liabilities	381.42M	395.41M	138.20M	66.06M
Stockholders Equity	266.45M	436.01M	150.75M	209.96M
Cash Flow
Free Cash Flow	-272.43M	66.65M	50.26M	17.21M
Operating Cash Flow	103.67M	67.64M	53.04M	20.50M
Investing Cash Flow	-569.14M	-724.35M	-2.77M	-696.00K
Financing Cash Flow	506.77M	655.92M	-37.80M	-7.71M

LandBridge Company LLC Class A Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 54.55
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LB, the sentiment is Positive. The current price of 54.55 is above the 20-day moving average (MA) of 52.97, above the 50-day MA of 53.60, and below the 200-day MA of 65.32, indicating a neutral trend. The MACD of 0.08 indicates Negative momentum. The RSI at 53.07 is Neutral, neither overbought nor oversold. The STOCH value of 36.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LB.

LandBridge Company LLC Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WHD	75 Outperform	3.32B	15.37	13.43%	1.28%	-0.71%	-7.89%
WFRD	74 Outperform	5.00B	10.47	39.38%	1.44%	-5.35%	-4.15%
VAL	72 Outperform	3.59B	13.12	11.83%	―	18.78%	-72.57%
NOV	70 Outperform	5.01B	10.97	7.18%	3.78%	-1.21%	-54.44%
KGS	67 Neutral	3.24B	41.74	6.24%	4.61%	31.01%	39.51%
LB	64 Neutral	$4.17B	141.20	6.59%	0.73%	―	―
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%

LandBridge Company LLC Class A Corporate Events

LandBridge Company Reports Strong Q2 2025 Financial Growth

LandBridge Company LLC reported significant financial growth for the second quarter of 2025, with an 83% increase in revenue year-over-year and a record $34.2 million in surface use royalties. The company executed key agreements, including a 10-year surface use agreement with Devon Energy and a lease option for a natural gas-fired plant, enhancing its strategic positioning in the energy sector. These developments, along with a strategic partnership to expand energy infrastructure, are expected to bolster LandBridge’s asset value and support its growth trajectory.

LandBridge Elects Directors, Ratifies Auditor Appointment

On June 10, 2025, LandBridge Company LLC held its annual meeting of shareholders where key decisions were made regarding the company’s leadership and auditing processes. The shareholders elected all 11 director nominees to serve until the 2026 annual meeting and ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025.