What is LandBridge's operating income?

LandBridge's total operating income in 2025 was $118.50 million, based on the following breakdown: Total Gross Profit: $197.07 million Total Operating Expenses: $78.57 million

LandBridge (LB) Financials

$86.02 +0.10 (+0.11%)

Closing price 09/18/2026 03:59 PM Eastern

Extended Trading

$86.85 +0.82 (+0.96%)

As of 09/18/2026 07:45 PM Eastern

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Annual Income Statements for LandBridge

This table shows LandBridge's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2023	2024	2025
Period end date	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	63	-42	30
Consolidated Net Income / (Loss)	63	-36	72
Net Income / (Loss) Continuing Operations	63	-41	72
Total Pre-Tax Income	64	-40	81
Total Operating Income	70	-17	119
Total Gross Profit	69	108	197
Total Revenue	73	110	199
Operating Revenue	73	110	199
Total Cost of Revenue	3.45	2.11	2.03
Operating Cost of Revenue	3.45	2.11	2.03
Total Operating Expenses	-0.59	124	79
Selling, General & Admin Expense	-9.35	115	67
Depreciation Expense	8.76	8.88	11
Other Operating Expenses / (Income)	0.00	0.00	0.13
Total Other Income / (Expense), net	-6.47	-23	-37
Interest Expense	7.02	23	33
Other Income / (Expense), net	0.55	0.24	-4.33
Income Tax Expense	0.37	1.88	9.07
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.29	42
Basic Earnings per Share	$0.00	$0.28	$1.18
Weighted Average Basic Shares Outstanding	0.00	17.81M	24.82M
Diluted Earnings per Share	$0.00	$0.07	$0.94
Weighted Average Diluted Shares Outstanding	0.00	73.37M	76.54M
Weighted Average Basic & Diluted Shares Outstanding	-	76.45M	77.09M

This table shows LandBridge's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	17	11	-58	2.66	2.45	6.46	7.50	8.11	8.06	8.72	12
Consolidated Net Income / (Loss)	17	11	-58	-2.76	13	15	18	20	18	18	31
Net Income / (Loss) Continuing Operations	17	11	-58	-2.76	8.15	15	18	20	18	18	31
Total Pre-Tax Income	17	11	-58	-3.88	11	17	21	23	21	20	35
Total Operating Income	19	14	-51	3.19	18	25	29	31	34	29	44
Total Gross Profit	17	18	25	28	36	43	47	50	56	51	66
Total Revenue	18	19	26	28	37	44	48	51	57	51	67
Operating Revenue	18	19	26	28	37	44	48	51	57	51	67
Total Cost of Revenue	1.00	0.67	0.64	0.42	0.37	0.46	0.49	0.44	0.64	0.40	1.13
Operating Cost of Revenue	1.00	0.67	0.64	0.42	0.37	0.46	0.49	0.44	0.64	0.40	1.13
Total Operating Expenses	-2.31	4.82	77	25	18	18	19	20	22	21	22
Selling, General & Admin Expense	-5.57	2.68	74	23	16	16	16	17	18	17	17
Depreciation Expense	2.56	2.15	2.11	2.04	2.58	2.60	2.55	2.58	3.74	4.43	4.37
Other Operating Expenses / (Income)	0.70	-	0.00	0.00	-	0.00	0.13	-0.10	-	0.01	-0.05
Total Other Income / (Expense), net	-2.37	-2.64	-6.28	-7.07	-7.10	-7.98	-7.88	-7.89	-13	-9.52	-9.21
Interest Expense	2.89	2.88	6.28	7.07	7.10	7.98	7.88	7.89	8.96	9.51	9.19
Other Income / (Expense), net	0.53	0.24	0.00	0.00	-	0.00	0.00	0.00	-4.33	-0.01	-0.02
Income Tax Expense	0.10	0.10	0.14	-1.13	2.77	1.60	2.15	2.71	2.61	1.79	3.90
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.00	0.00	-5.41	5.70	9.00	11	12	10	9.15	19
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	-	-	-	0.00	-	-	0.00	0.00	-	-	0.00
Basic Earnings per Share	$0.00	$0.00	$0.00	$0.15	$0.13	$0.27	$0.30	$0.31	$0.30	$0.31	$0.43
Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	17.43M	17.81M	23.26M	24.07M	25.34M	24.82M	27.84M	27.96M
Diluted Earnings per Share	$0.00	$0.00	$0.00	($0.04)	$0.11	$0.20	$0.24	$0.26	$0.24	$0.23	$0.40
Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	73.15M	73.37M	76.46M	76.39M	76.52M	76.54M	77.08M	76.99M
Weighted Average Basic & Diluted Shares Outstanding	-	-	73.15M	73.15M	76.45M	76.40M	76.55M	77.09M	77.09M	77.02M	77.09M

This table details how cash moves in and out of LandBridge's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2023	2024	2025
Period end date	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	12	-0.79	-6.29
Net Cash From Operating Activities	53	68	126
Net Cash From Continuing Operating Activities	53	68	126
Net Income / (Loss) Continuing Operations	63	-41	72
Consolidated Net Income / (Loss)	63	-41	72
Depreciation Expense	8.76	8.88	11
Amortization Expense	0.39	1.69	2.19
Non-Cash Adjustments To Reconcile Net Income	-17	95	50
Changes in Operating Assets and Liabilities, net	-1.80	3.21	-9.54
Net Cash From Investing Activities	-2.77	-724	-233
Net Cash From Continuing Investing Activities	-2.77	-724	-233
Purchase of Property, Plant & Equipment	-2.78	-0.99	-4.24
Acquisitions	0.00	-723	-229
Sale of Property, Plant & Equipment	0.01	0.00	0.21
Net Cash From Financing Activities	-38	656	101
Net Cash From Continuing Financing Activities	-38	656	101
Repayment of Debt	-81	-167	-612
Repurchase of Common Equity	-1.71	-8.19	-1.11
Payment of Dividends	-105	-178	-64
Issuance of Debt	150	418	784
Issuance of Common Equity	0.00	738	0.00
Other Financing Activities, net	0.00	-145	-5.75

This table details how cash moves in and out of LandBridge's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	21	-29	16	-10	23	-22	5.41	7.97	2.43	-1.06	10
Net Cash From Operating Activities	12	17	16	7.45	27	16	37	35	38	41	41
Net Cash From Continuing Operating Activities	12	17	16	7.45	27	16	37	35	38	41	41
Net Income / (Loss) Continuing Operations	2.52	11	-58	-2.76	8.15	15	18	20	18	18	31
Consolidated Net Income / (Loss)	2.52	11	-58	-2.76	8.15	15	18	20	18	18	31
Depreciation Expense	2.37	2.15	2.11	2.04	2.58	2.60	2.55	2.58	3.74	4.43	4.37
Amortization Expense	0.19	0.19	0.53	0.45	0.51	0.54	0.54	0.54	0.57	0.55	0.59
Non-Cash Adjustments To Reconcile Net Income	5.99	0.76	72	12	12	11	11	12	15	11	11
Changes in Operating Assets and Liabilities, net	1.42	3.34	-1.28	-3.91	3.60	-14	4.28	-0.91	0.54	7.06	-5.86
Net Cash From Investing Activities	-0.15	-55	-376	-1.05	-292	-18	-2.08	-1.11	-212	-2.15	-11
Net Cash From Continuing Investing Activities	-0.15	-55	-376	-1.05	-292	-18	-2.08	-1.11	-212	-2.15	-11
Purchase of Property, Plant & Equipment	-0.15	-0.09	-0.37	-0.30	-0.22	-0.07	-1.24	-1.19	-1.74	-0.18	-1.13
Acquisitions	-	-55	-375	-0.75	-292	-18	-0.94	-0.01	-210	-2.00	-10
Sale of Property, Plant & Equipment	-	0.00	-	-	-	0.02	0.11	0.09	-	0.03	0.03
Net Cash From Financing Activities	8.20	9.02	376	-17	288	-20	-30	-26	176	-40	-20
Net Cash From Continuing Financing Activities	8.20	9.02	376	-17	288	-20	-30	-26	176	-40	-20
Repayment of Debt	-15	-5.12	-8.29	-119	-35	-16	-4.85	-10	-582	-25	-1.45
Payment of Dividends	-	0.00	-	-171	-7.39	-14	-24	-15	-11	-15	-19
Other Financing Activities, net	-1.59	-0.87	-1.19	-5.17	-147	-0.04	-0.63	-5.97	1.49	-0.07	0.07

This table presents LandBridge's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2023	2024	2025
Period end date	12/31/2023	12/31/2024	12/31/2025
Total Assets	289	1,032	1,366
Total Current Assets	52	53	60
Cash & Equivalents	38	37	31
Accounts Receivable	13	15	24
Prepaid Expenses	1.04	1.63	4.77
Plant, Property, & Equipment, net	203	903	1,084
Total Noncurrent Assets	34	76	222
Intangible Assets	29	45	137
Noncurrent Deferred & Refundable Income Taxes	0.00	29	81
Other Noncurrent Operating Assets	5.01	1.74	3.86
Total Liabilities & Shareholders' Equity	289	1,032	1,366
Total Liabilities	138	395	572
Total Current Liabilities	27	14	12
Short-Term Debt	20	0.42	0.69
Accounts Payable	0.65	0.49	1.34
Accrued Expenses	4.95	7.19	7.78
Current Deferred Revenue	0.28	1.22	1.26
Current Deferred & Payable Income Tax Liabilities	0.39	2.29	1.20
Other Current Liabilities	0.50	2.12	0.01
Total Noncurrent Liabilities	111	381	560
Long-Term Debt	108	381	560
Other Noncurrent Operating Liabilities	2.76	0.18	0.19
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	151	637	794
Total Preferred & Common Equity	0.00	212	340
Total Common Equity	0.00	212	340
Common Stock	0.00	208	317
Retained Earnings	0.00	3.35	23
Noncontrolling Interest	151	425	454

This table presents LandBridge's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Total Assets	710	690	1,008	1,066	1,078	1,362	1,377
Total Current Assets	42	32	44	44	57	59	71
Cash & Equivalents	25	14	15	20	28	30	40
Accounts Receivable	16	15	27	21	24	26	27
Prepaid Expenses	0.59	2.27	1.45	3.21	4.82	3.36	3.49
Plant, Property, & Equipment, net	630	628	919	918	918	1,085	1,093
Total Noncurrent Assets	39	30	46	104	103	218	214
Intangible Assets	28	27	44	43	42	134	131
Noncurrent Deferred & Refundable Income Taxes	-	-	0.07	59	59	80	79
Other Noncurrent Operating Assets	11	2.71	1.70	2.40	1.61	3.80	3.23
Total Liabilities & Shareholders' Equity	710	690	1,008	1,066	1,078	1,362	1,377
Total Liabilities	414	286	387	381	380	554	545
Total Current Liabilities	50	43	12	10	14	19	9.74
Short-Term Debt	35	36	0.30	0.17	0.92	0.43	0.19
Accounts Payable	0.69	0.69	1.67	1.29	1.54	1.34	1.80
Accrued Expenses	13	6.20	5.84	6.28	7.32	14	5.95
Current Deferred Revenue	-	-	0.83	1.06	2.24	1.38	0.82
Current Deferred & Payable Income Tax Liabilities	-	-	2.07	0.46	0.70	1.44	0.97
Other Current Liabilities	1.54	0.83	1.10	1.10	1.09	0.03	0.01
Total Noncurrent Liabilities	364	243	376	371	366	535	536
Long-Term Debt	361	242	375	371	366	535	536
Other Noncurrent Operating Liabilities	2.82	0.18	0.18	0.18	0.19	0.19	0.20
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	296	404	621	685	698	808	832
Total Preferred & Common Equity	296	97	440	266	272	344	356
Total Common Equity	296	97	440	266	272	344	356
Common Stock	297	95	433	254	254	316	318
Retained Earnings	-	2.66	7.46	12	18	29	37
Noncontrolling Interest	-	307	180	419	426	464	476

This table displays calculated financial ratios and metrics derived from LandBridge's official financial filings.

Metric	2023	2024	2025
Period end date	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-
Revenue Growth	0.00%	50.90%	81.07%
EBITDA Growth	0.00%	-107.16%	2,340.27%
EBIT Growth	0.00%	-123.06%	801.77%
NOPAT Growth	0.00%	-116.60%	1,011.24%
Net Income Growth	0.00%	-157.57%	299.07%
EPS Growth	0.00%	0.00%	1,242.86%
Operating Cash Flow Growth	0.00%	27.51%	86.70%
Free Cash Flow Firm Growth	0.00%	0.00%	68.48%
Invested Capital Growth	0.00%	294.14%	34.86%
Revenue Q/Q Growth	0.00%	0.00%	11.34%
EBITDA Q/Q Growth	0.00%	0.00%	11.27%
EBIT Q/Q Growth	0.00%	0.00%	11.45%
NOPAT Q/Q Growth	0.00%	0.00%	17.99%
Net Income Q/Q Growth	0.00%	0.00%	7.28%
EPS Q/Q Growth	0.00%	0.00%	16.05%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	9.72%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	27.77%
Profitability Metrics	-	-	-
Gross Margin	95.27%	98.08%	98.98%
EBITDA Margin	109.39%	-5.19%	64.21%
Operating Margin	96.08%	-15.02%	59.52%
EBIT Margin	96.83%	-14.80%	57.35%
Profit (Net Income) Margin	86.70%	-33.08%	36.36%
Tax Burden Percent	99.42%	91.83%	88.87%
Interest Burden Percent	90.06%	243.43%	71.35%
Effective Tax Rate	0.58%	0.00%	11.13%
Return on Invested Capital (ROIC)	28.81%	-1.94%	9.13%
ROIC Less NNEP Spread (ROIC-NNEP)	21.73%	-13.34%	1.61%
Return on Net Nonoperating Assets (RNNOA)	13.10%	-7.65%	0.99%
Return on Equity (ROE)	41.91%	-9.59%	10.12%
Cash Return on Invested Capital (CROIC)	0.00%	-120.99%	-20.56%
Operating Return on Assets (OROA)	24.42%	-2.52%	9.52%
Return on Assets (ROA)	21.86%	-5.63%	6.04%
Return on Common Equity (ROCE)	0.00%	-5.51%	3.90%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-8.34%	0.00%
Net Operating Profit after Tax (NOPAT)	70	-12	105
NOPAT Margin	95.52%	-10.51%	52.90%
Net Nonoperating Expense Percent (NNEP)	7.08%	11.41%	7.52%
Return On Investment Capital (ROIC_SIMPLE)	24.91%	-1.17%	7.78%
Cost of Revenue to Revenue	4.73%	1.92%	1.02%
SG&A Expenses to Revenue	-12.83%	105.02%	33.64%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	-0.81%	113.09%	39.46%
Earnings before Interest and Taxes (EBIT)	71	-16	114
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	80	-5.71	128
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.00	10.82	11.10
Price to Tangible Book Value (P/TBV)	0.00	12.08	18.57
Price to Revenue (P/Rev)	3.38	42.91	18.97
Price to Earnings (P/E)	3.90	0.00	125.35
Dividend Yield	0.00%	0.16%	0.82%
Earnings Yield	25.63%	0.00%	0.80%
Enterprise Value to Invested Capital (EV/IC)	2.02	5.50	3.59
Enterprise Value to Revenue (EV/Rev)	6.70	47.61	23.91
Enterprise Value to EBITDA (EV/EBITDA)	6.12	0.00	37.24
Enterprise Value to EBIT (EV/EBIT)	6.92	0.00	41.69
Enterprise Value to NOPAT (EV/NOPAT)	7.01	0.00	45.20
Enterprise Value to Operating Cash Flow (EV/OCF)	9.20	77.39	37.69
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.85	0.63	0.71
Long-Term Debt to Equity	0.72	0.63	0.70
Financial Leverage	0.60	0.57	0.61
Leverage Ratio	1.92	1.70	1.68
Compound Leverage Factor	1.73	4.15	1.20
Debt to Total Capital	46.05%	38.54%	41.37%
Short-Term Debt to Total Capital	7.28%	0.04%	0.05%
Long-Term Debt to Total Capital	38.77%	38.49%	41.32%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	53.95%	17.39%	33.50%
Common Equity to Total Capital	0.00%	44.07%	25.13%
Debt to EBITDA	1.61	-66.81	4.38
Net Debt to EBITDA	1.14	-60.32	4.14
Long-Term Debt to EBITDA	1.36	-66.74	4.38
Debt to NOPAT	1.85	-32.99	5.32
Net Debt to NOPAT	1.31	-29.78	5.03
Long-Term Debt to NOPAT	1.56	-32.95	5.31
Altman Z-Score	2.23	7.27	4.45
Noncontrolling Interest Sharing Ratio	100.00%	42.54%	61.42%
Liquidity Ratios	-	-	-
Current Ratio	1.93	3.70	4.87
Quick Ratio	1.89	3.59	4.48
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-722	-237
Operating Cash Flow to CapEx	1,913.49%	6,866.60%	3,136.44%
Free Cash Flow to Firm to Interest Expense	0.00	-30.95	-7.25
Operating Cash Flow to Interest Expense	7.56	2.90	3.86
Operating Cash Flow Less CapEx to Interest Expense	7.17	2.86	3.74
Efficiency Ratios	-	-	-
Asset Turnover	0.25	0.17	0.17
Accounts Receivable Turnover	5.43	7.83	10.22
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	0.36	0.20	0.20
Accounts Payable Turnover	5.28	2.31	3.86
Days Sales Outstanding (DSO)	67.22	46.60	35.72
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	69.19	157.88	94.67
Cash Conversion Cycle (CCC)	-1.96	-111.29	-58.96
Capital & Investment Metrics	-	-	-
Invested Capital	242	952	1,324
Invested Capital Turnover	0.30	0.18	0.17
Increase / (Decrease) in Invested Capital	0.00	711	342
Enterprise Value (EV)	488	5,235	4,760
Market Capitalization	247	4,718	3,777
Book Value per Share	$0.00	$5.96	$4.41
Tangible Book Value per Share	($1.98)	$5.34	$2.64
Total Capital	279	989	1,354
Total Debt	129	381	560
Total Long-Term Debt	108	381	560
Net Debt	91	344	530
Capital Expenditures (CapEx)	2.77	0.99	4.03
Debt-free, Cash-free Net Working Capital (DFCFNWC)	7.69	2.30	17
Debt-free Net Working Capital (DFNWC)	46	39	48
Net Working Capital (NWC)	25	39	48
Net Nonoperating Expense (NNE)	6.43	25	33
Net Nonoperating Obligations (NNO)	91	344	530
Total Depreciation and Amortization (D&A)	9.15	11	14
Debt-free, Cash-free Net Working Capital to Revenue	10.56%	2.09%	8.78%
Debt-free Net Working Capital to Revenue	62.47%	35.77%	24.22%
Net Working Capital to Revenue	34.55%	35.38%	23.87%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.28	$1.18
Adjusted Weighted Average Basic Shares Outstanding	0.00	17.81M	24.82M
Adjusted Diluted Earnings per Share	$0.00	$0.07	$0.94
Adjusted Weighted Average Diluted Shares Outstanding	0.00	73.37M	76.54M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	76.45M	77.09M
Normalized Net Operating Profit after Tax (NOPAT)	70	-12	105
Normalized NOPAT Margin	95.52%	-10.51%	52.90%
Pre Tax Income Margin	87.21%	-36.02%	40.92%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	10.06	-0.70	3.49
NOPAT to Interest Expense	9.92	-0.50	3.22
EBIT Less CapEx to Interest Expense	9.66	-0.74	3.37
NOPAT Less CapEx to Interest Expense	9.53	-0.54	3.10
Payout Ratios	-	-	-
Dividend Payout Ratio	166.47%	-490.10%	88.00%
Augmented Payout Ratio	166.47%	-490.10%	89.54%

This table displays calculated financial ratios and metrics derived from LandBridge's official financial filings.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	77,089,115.00	77,017,004.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	77,089,115.00	77,017,004.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	0.11	0.16
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	19.48%	60.05%	0.00%	131.15%	83.15%	78.44%	55.56%	16.05%	40.62%
EBITDA Growth	0.00%	0.00%	-203.57%	-74.63%	0.00%	75.01%	165.00%	498.86%	61.32%	21.17%	55.46%
EBIT Growth	0.00%	0.00%	-213.05%	-83.76%	0.00%	81.94%	155.63%	869.09%	65.09%	16.50%	54.87%
NOPAT Growth	0.00%	0.00%	-179.30%	-88.25%	0.00%	69.38%	171.19%	1,121.57%	121.42%	16.90%	53.63%
Net Income Growth	0.00%	0.00%	-229.08%	-116.57%	0.00%	43.46%	132.05%	836.25%	37.02%	15.58%	68.06%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	750.00%	118.18%	15.00%	66.67%
Operating Cash Flow Growth	0.00%	0.00%	0.00%	-54.04%	115.72%	-7.56%	132.70%	368.62%	41.55%	158.41%	10.82%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	51.35%	48.65%	0.00%	68.09%	26.14%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	55.09%	55.27%	34.86%	33.88%	28.20%
Revenue Q/Q Growth	-18.06%	0.00%	0.00%	9.76%	28.13%	0.00%	8.15%	6.94%	11.70%	-10.17%	31.05%
EBITDA Q/Q Growth	-52.80%	0.00%	0.00%	111.56%	271.74%	0.00%	12.10%	7.67%	0.14%	0.25%	43.83%
EBIT Q/Q Growth	-56.69%	0.00%	0.00%	106.22%	465.39%	0.00%	13.84%	8.36%	-3.68%	-1.95%	51.33%
NOPAT Q/Q Growth	-58.02%	0.00%	0.00%	106.22%	503.17%	0.00%	12.54%	6.73%	9.33%	-10.98%	47.91%
Net Income Q/Q Growth	-62.76%	0.00%	0.00%	95.22%	581.28%	0.00%	19.51%	9.83%	-10.43%	-1.68%	73.77%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	375.00%	0.00%	20.00%	8.33%	-7.69%	-4.17%	73.91%
Operating Cash Flow Q/Q Growth	0.00%	37.91%	0.00%	0.00%	261.45%	-40.91%	134.60%	-6.48%	9.18%	7.88%	0.61%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	5.44%	100.00%	0.00%	64.29%	0.19%	8.53%	2.11%	17.36%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-0.03%	47.09%	0.00%	5.52%	0.08%	27.77%	-0.78%	1.05%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	94.36%	96.46%	97.52%	98.52%	98.98%	98.96%	98.97%	99.14%	98.87%	99.22%	98.30%
EBITDA Margin	125.78%	84.67%	-189.28%	19.94%	57.84%	64.11%	66.45%	66.91%	59.98%	66.94%	73.47%
Operating Margin	107.33%	71.11%	-197.42%	11.19%	49.37%	56.97%	59.96%	60.76%	60.02%	57.21%	66.07%
EBIT Margin	110.29%	72.37%	-197.42%	11.19%	49.37%	56.97%	59.96%	60.76%	52.39%	57.19%	66.04%
Profit (Net Income) Margin	93.45%	56.67%	-222.14%	-9.67%	36.34%	35.17%	38.87%	39.92%	32.01%	35.03%	46.45%
Tax Burden Percent	99.38%	99.07%	100.24%	70.96%	121.48%	90.62%	89.58%	88.24%	87.43%	90.90%	88.84%
Interest Burden Percent	85.26%	79.04%	112.26%	-121.87%	60.60%	68.14%	72.36%	74.46%	69.88%	67.39%	79.18%
Effective Tax Rate	0.62%	0.93%	0.00%	0.00%	25.32%	9.38%	10.42%	11.76%	12.57%	9.10%	11.16%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	4.13%	14.19%	9.87%	11.25%	9.06%	9.34%	11.20%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	4.07%	10.18%	7.91%	8.94%	6.40%	7.34%	9.27%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	2.20%	5.92%	5.82%	4.89%	3.92%	4.45%	5.17%
Return on Equity (ROE)	0.00%	0.00%	0.00%	0.00%	6.33%	20.11%	15.69%	16.14%	12.98%	13.79%	16.37%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	-76.57%	0.00%	0.00%	0.00%	-20.56%	-19.46%	-14.32%
Operating Return on Assets (OROA)	0.00%	0.00%	0.00%	0.00%	8.22%	7.62%	10.56%	12.29%	8.70%	9.95%	12.19%
Return on Assets (ROA)	0.00%	0.00%	0.00%	0.00%	6.05%	4.71%	6.85%	8.08%	5.31%	6.09%	8.57%
Return on Common Equity (ROCE)	0.00%	0.00%	0.00%	0.00%	1.70%	14.27%	9.00%	5.41%	5.01%	7.58%	6.71%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	0.00%	-7.20%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	19	13	-36	2.23	13	23	26	27	30	27	39
NOPAT Margin	106.66%	70.45%	-138.19%	7.83%	36.87%	51.62%	53.72%	53.61%	52.47%	52.00%	58.69%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	11.73%	3.78%	0.06%	4.01%	1.96%	2.31%	2.66%	2.00%	1.93%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	1.32%	2.28%	2.42%	2.56%	2.20%	1.97%	2.87%
Cost of Revenue to Revenue	5.64%	3.54%	2.48%	1.48%	1.02%	1.04%	1.03%	0.86%	1.13%	0.78%	1.70%
SG&A Expenses to Revenue	-31.30%	14.07%	284.45%	77.69%	42.54%	36.07%	33.38%	33.49%	32.09%	33.32%	25.78%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	-12.97%	25.36%	294.94%	87.33%	49.61%	41.99%	39.01%	38.38%	38.85%	42.02%	32.24%
Earnings before Interest and Taxes (EBIT)	20	14	-51	3.19	18	25	29	31	30	29	44
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	22	16	-49	5.68	21	28	32	34	34	34	49
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	1.13	29.44	22.17	12.49	19.38	15.02	11.10	15.45	17.17
Price to Tangible Book Value (P/TBV)	0.00	0.00	1.25	41.04	28.20	13.88	23.10	17.75	18.57	25.31	27.23
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	42.70	40.77	33.00	22.84	18.97	25.82	27.07
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	270.65	166.51	125.35	164.40	164.21
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.16%	0.28%	0.44%	0.75%	0.82%	0.61%	0.56%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.37%	0.60%	0.80%	0.61%	0.61%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	1.06	5.14	5.57	6.15	5.73	4.68	3.59	4.79	5.33
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	49.70	44.78	37.91	27.11	23.91	30.52	31.38
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	948.18	68.54	42.20	37.24	47.03	46.76
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	79.36	47.33	41.69	53.19	52.82
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	90.23	54.32	45.20	57.66	57.60
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	80.80	91.07	67.70	42.13	37.69	41.54	45.49
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	1.34	0.69	0.60	0.61	0.54	0.53	0.71	0.66	0.64
Long-Term Debt to Equity	0.00	0.00	1.22	0.60	0.60	0.61	0.54	0.52	0.70	0.66	0.64
Financial Leverage	0.00	0.00	1.25	0.65	0.54	0.58	0.74	0.55	0.61	0.61	0.56
Leverage Ratio	0.00	0.00	2.40	1.71	1.68	1.62	1.81	1.60	1.68	1.66	1.61
Compound Leverage Factor	0.00	0.00	2.69	-2.08	1.02	1.11	1.31	1.19	1.17	1.12	1.28
Debt to Total Capital	0.00%	0.00%	57.19%	40.76%	37.44%	37.71%	35.14%	34.47%	41.37%	39.86%	39.17%
Short-Term Debt to Total Capital	0.00%	0.00%	5.08%	5.21%	0.04%	0.03%	0.02%	0.09%	0.05%	0.03%	0.01%
Long-Term Debt to Total Capital	0.00%	0.00%	52.11%	35.55%	37.40%	37.68%	35.12%	34.38%	41.32%	39.82%	39.16%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	44.99%	41.76%	18.10%	39.63%	39.99%	33.50%	34.50%	34.83%
Common Equity to Total Capital	0.00%	0.00%	42.81%	14.25%	20.80%	44.19%	25.23%	25.54%	25.13%	25.64%	26.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	-66.81	58.98	4.29	3.19	4.38	4.00	3.54
Net Debt to EBITDA	0.00	0.00	0.00	0.00	-60.32	56.64	4.05	2.95	4.14	3.78	3.28
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	-66.74	58.93	4.28	3.19	4.38	4.00	3.54
Debt to NOPAT	0.00	0.00	0.00	0.00	-32.99	-107.51	5.64	4.11	5.32	4.91	4.36
Net Debt to NOPAT	0.00	0.00	0.00	0.00	-29.78	-103.24	5.33	3.79	5.03	4.64	4.04
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	-32.95	-107.43	5.64	4.10	5.31	4.90	4.36
Altman Z-Score	0.00	0.00	0.00	0.00	7.34	8.78	8.41	6.78	4.24	6.05	7.07
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	73.12%	29.05%	42.64%	66.49%	61.42%	45.07%	58.99%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.00	0.82	0.73	3.70	3.70	4.26	4.15	4.87	3.15	7.27
Quick Ratio	0.00	0.00	0.81	0.68	3.59	3.57	3.95	3.80	4.48	2.97	6.91
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	0.00	-704	-665	0.00	-959	-342	-342	-313	-306	-253
Operating Cash Flow to CapEx	6,926.92%	19,342.70%	0.00%	2,458.75%	12,021.43%	32,475.51%	3,289.16%	3,168.06%	2,190.57%	26,875.82%	3,750.77%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-112.05	-94.10	0.00	-120.20	-43.45	-43.31	-34.88	-32.17	-27.51
Operating Cash Flow to Interest Expense	5.60	5.97	0.00	1.05	3.79	1.99	4.74	4.43	4.25	4.32	4.50
Operating Cash Flow Less CapEx to Interest Expense	5.52	5.94	0.00	1.01	3.76	1.99	4.59	4.29	4.06	4.31	4.38
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.00	0.00	0.00	0.17	0.13	0.18	0.20	0.17	0.17	0.18
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	7.83	4.96	8.48	9.13	10.22	7.71	9.38
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.20	0.15	0.20	0.23	0.20	0.21	0.22
Accounts Payable Turnover	0.00	0.00	0.00	0.00	3.70	1.14	1.76	1.58	3.86	1.31	1.69
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	46.60	73.64	43.02	39.96	35.72	47.31	38.92
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	98.63	320.19	207.61	230.85	94.67	279.18	216.57
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	-52.04	-246.56	-164.59	-190.89	-58.96	-231.87	-177.65
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	0.00	668	668	982	981	1,036	1,037	1,324	1,314	1,328
Invested Capital Turnover	0.00	0.00	0.00	0.00	0.11	0.27	0.18	0.21	0.17	0.18	0.19
Increase / (Decrease) in Invested Capital	0.00	0.00	668	668	0.00	981	368	369	342	332	292
Enterprise Value (EV)	0.00	0.00	707	3,432	5,465	6,041	5,932	4,848	4,760	6,292	7,075
Market Capitalization	247	247	336	2,862	4,695	5,500	5,163	4,084	3,777	5,323	6,103
Book Value per Share	$0.00	$0.00	$4.05	$1.33	$2.90	$5.76	$3.49	$3.55	$4.41	$4.47	$4.62
Tangible Book Value per Share	$0.00	$0.00	$3.67	$0.95	$2.28	$5.18	$2.93	$3.01	$2.64	$2.73	$2.91
Total Capital	0.00	0.00	692	682	1,018	996	1,056	1,065	1,354	1,344	1,368
Total Debt	0.00	0.00	396	278	381	376	371	367	560	536	536
Total Long-Term Debt	0.00	0.00	361	242	381	375	371	366	560	535	536
Net Debt	0.00	0.00	371	264	344	361	351	339	530	506	496
Capital Expenditures (CapEx)	0.23	0.09	0.00	0.30	0.22	0.05	1.14	1.10	1.74	0.15	1.10
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	0.00	1.69	9.48	2.30	17	14	16	17	11	21
Debt-free Net Working Capital (DFNWC)	0.00	0.00	26	24	39	32	34	44	48	41	61
Net Working Capital (NWC)	0.00	0.00	-8.82	-12	39	32	34	44	48	40	61
Net Nonoperating Expense (NNE)	2.35	2.62	22	4.99	0.19	7.23	7.06	6.96	12	8.65	8.18
Net Nonoperating Obligations (NNO)	0.00	0.00	371	264	345	361	351	339	530	506	496
Total Depreciation and Amortization (D&A)	2.76	2.34	2.11	2.49	3.09	3.14	3.09	3.12	4.31	4.97	4.96
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	2.09%	12.72%	8.69%	9.04%	8.78%	5.43%	9.51%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	35.77%	23.80%	21.70%	24.87%	24.22%	19.83%	27.16%
Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	35.38%	23.57%	21.59%	24.36%	23.87%	19.62%	27.08%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.15	$0.13	$0.27	$0.30	$0.31	$0.30	$0.31	$0.43
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	73.15M	17.43M	17.81M	23.26M	24.07M	25.34M	24.82M	27.84M	27.96M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	($0.04)	$0.11	$0.20	$0.24	$0.26	$0.24	$0.23	$0.40
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	73.15M	73.15M	73.37M	76.46M	76.39M	76.52M	76.54M	77.08M	76.99M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	73.15M	73.15M	76.45M	76.40M	76.55M	77.09M	77.09M	77.02M	77.09M
Normalized Net Operating Profit after Tax (NOPAT)	19	13	-36	2.23	13	23	26	27	30	27	39
Normalized NOPAT Margin	106.66%	70.45%	-138.19%	7.83%	36.87%	51.62%	53.72%	53.61%	52.47%	52.00%	58.69%
Pre Tax Income Margin	94.03%	57.21%	-221.62%	-13.63%	29.92%	38.82%	43.39%	45.24%	36.61%	38.54%	52.29%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.79	4.77	-8.16	0.45	2.54	3.14	3.62	3.91	3.32	3.07	4.80
NOPAT to Interest Expense	6.56	4.64	-5.71	0.32	1.90	2.84	3.24	3.45	3.32	2.79	4.27
EBIT Less CapEx to Interest Expense	6.70	4.74	0.00	0.41	2.51	3.13	3.47	3.78	3.13	3.05	4.68
NOPAT Less CapEx to Interest Expense	6.48	4.61	0.00	0.27	1.86	2.84	3.10	3.31	3.13	2.77	4.15
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	-490.10%	-605.32%	486.40%	89.14%	88.00%	86.73%	67.65%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	-512.61%	-605.32%	486.40%	89.14%	89.54%	87.35%	67.80%

Financials Breakdown Chart

Key Financial Trends

LandBridge’s financial performance continued to improve in the second quarter of 2026. Revenue increased to $66.8 million from $51.0 million in the first quarter and $47.5 million in the year-ago quarter. This represents quarter-over-quarter growth of approximately 31% and year-over-year growth of roughly 41%.

Profitability also strengthened. Gross profit rose to $65.7 million, producing a gross margin of approximately 98%. Operating income increased to $44.2 million, compared with $29.2 million in Q1 2026 and $28.5 million in Q2 2025. Consolidated net income reached $31.0 million, while net income attributable to common shareholders increased to $12.3 million from $8.7 million in Q1.

LandBridge generated $41.4 million of operating cash flow in Q2 2026, broadly in line with the $41.1 million generated in Q1 and up from $37.3 million in Q2 2025. After only $1.1 million of property and equipment purchases, operating cash flow covered regular capital spending comfortably. However, the company continued to use cash for acquisitions, dividends and debt-related activities.

Strong revenue momentum: Q2 revenue increased approximately 41% year over year, extending the company’s growth trend from $19.0 million in Q1 2024 to $66.8 million in Q2 2026.
Expanding operating profitability: Operating income rose approximately 51% year over year to $44.2 million, and the operating margin improved to about 66%.
Consistent operating cash generation: Operating cash flow exceeded $41 million in both Q1 and Q2 2026, indicating that reported earnings are being converted into substantial cash.
High gross margins: Gross profit represented approximately 98% of Q2 revenue, reflecting the relatively low operating cost of revenue reported by the company.
Improved liquidity: Cash increased to $39.8 million at June 30, 2026, from $29.7 million at the end of Q1 and $20.3 million at June 30, 2025.
Significant asset expansion: Total assets reached $1.38 billion, compared with $689.9 million in Q3 2024. Net property, plant and equipment increased to approximately $1.09 billion, supporting the company’s larger asset base and future revenue potential.
Acquisition activity remains meaningful: LandBridge spent $10.2 million on acquisitions in Q2 2026, following $2.0 million in Q1. These investments could support future growth, but their eventual returns are not yet evident from the available quarterly data.
Non-cash items materially support cash flow: Q2 operating cash flow included $11.2 million of non-cash adjustments, along with $5.0 million of depreciation and amortization. This is not necessarily a concern, but investors should distinguish cash generation from earnings quality and recurring profitability.
Debt remains elevated: Long-term debt increased to $535.5 million at June 30, 2026, from $366.1 million at September 30, 2025. Total debt was approximately $535.7 million, substantially exceeding reported cash.
Large shareholder dilution and noncontrolling interests: Net income attributable to common shareholders was only $12.3 million of the $31.0 million consolidated total because $18.8 million was allocated to noncontrolling interests. In addition, diluted shares outstanding were approximately 77 million versus 28 million basic shares, which can reduce per-share earnings growth for common investors.

LandBridge’s balance sheet shows strong short-term coverage: current assets of $70.8 million were more than seven times current liabilities of $9.7 million. Nevertheless, the company’s financial structure has become more complex as acquisitions and financing have expanded the asset base. Dividends totaled $18.6 million in Q2, while debt repayment and other financing uses contributed to a net financing cash outflow of $20.0 million.

Overall, the statements show a company with accelerating revenue, improving operating margins and dependable operating cash flow. The principal risks are the rising debt burden, recurring dividend obligations, acquisition execution and the substantial portion of earnings allocated to noncontrolling interests. Investors should also note that several 2024 and 2025 figures were subsequently restated, so historical comparisons may change as LandBridge continues to report under its evolving corporate structure.

09/19/26 01:34 AM ETAI Generated. May Contain Errors.

LandBridge Financials - Frequently Asked Questions

According to the most recent income statement we have on file, LandBridge's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

LandBridge's net income appears to be on an upward trend, with a most recent value of $72.40 million in 2025, rising from $63.17 million in 2023. The previous period was -$36.37 million in 2024. See LandBridge's forecast for analyst expectations on what's next for the company.

LandBridge's total operating income in 2025 was $118.50 million, based on the following breakdown:

Total Gross Profit: $197.07 million
Total Operating Expenses: $78.57 million

Over the last 2 years, LandBridge's total revenue changed from $72.87 million in 2023 to $199.09 million in 2025, a change of 173.2%.

LandBridge's total liabilities were at $572.07 million at the end of 2025, a 44.7% increase from 2024, and a 313.9% increase since 2023.

In the past 2 years, LandBridge's cash and equivalents has ranged from $30.74 million in 2025 to $37.82 million in 2023, and is currently $30.74 million as of their latest financial filing in 2025.

Over the last 2 years, LandBridge's book value per share changed from 0.00 in 2023 to 4.41 in 2025, a change of 441.4%.

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Financial statements for NYSE:LB last updated on 8/6/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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LandBridge (LB) Financials

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LandBridge (LB) Financials

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