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LB

LandBridge·NYSE
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LB fundamentals

LandBridge (LB) released its earnings on Nov 12, 2025: revenue was 50.83M (YoY +78.44%), beat estimates; EPS was 0.26 (YoY +750.00%), missed estimates.
Revenue / YoY
50.83M
+78.44%
EPS / YoY
0.26
+750.00%
Report date
Nov 12, 2025
LB Earnings Call Summary for Q3,2025
  • Revenue Growth: Q3 revenue up 7% sequentially to $50.8 million, with EBITDA of $44.9 million (88% margin).
  • Strategic Acquisitions: $20 million EBITDA contribution from 1918 Ranch acquisition in 2026, plus solar and gas processing projects.
  • Pore Space Leadership: 300,000+ contiguous acres and partnerships like WaterBridge position LandBridge to capitalize on Delaware Basin's 9 million bbl/day produced water shortfall.
  • Balance Sheet Strength: $108.3 million liquidity, 2.1x net leverage, and $0.10 quarterly dividend.
  • 2026 Outlook: Surface use royalties and new projects poised for accelerated growth, with EBITDA expectations exceeding prior guidance.
EPS
Revenue

Revenue & Expenses

LB has released its 2025 Q3 earnings report, with revenue of 50.83M, reflecting a YoY change of 78.44%, and net profit of 20.29M, showing a YoY change of 836.25%. The Sankey diagram below clearly presents LB's revenue sources and cost distribution.

Key Indicators

LandBridge (LB) key financial stats and ratios, covering profitability, financial health, and leverage.
LandBridge (LB)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.
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LandBridge (LB)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.
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LandBridge (LB)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.
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Where does LandBridge (LB) generate its revenue? Explore its key revenue streams and top earning regions.
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Track LandBridge (LB) Dividend Yield, Payout Ratio & Sustainability Through Its Dividend History
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Dividend Yield