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LB LandBridge Co LLC

Trailing twelve months to 2026-06-30 · as filed 2026-08-06, not restated
Financials

Scale

Market cap
$2.4bn
Revenue TTM
$226m
Net income TTM
$37m
Free cash flow
$151m
Composite score
26.2
Sector rank
#1524

Valuation

P / E
65.7
EV / EBITDA
19.1
EV / sales
13.0
FCF yield
6.20%
Earnings yield vs 10-yr
-3.21pp

Earnings yield vs 10-yr compares what the business earns per pound invested against the 4.73% a 10-year US Treasury note pays for no equity risk. Negative means you are paying up front for growth not yet delivered.

Quality and growth

Net margin
16.5%
EBITDA margin
68.0%
ROE
10.4%
ROIC
16.2%
Revenue growth

Insider activity, last 90 days

Net open-market
$-187.62m
Buyers
0
Sellers
2

Open-market purchases and sales only. Grants, option exercises, gifts and shares withheld for tax are excluded: they are how people are paid, not what they think.

What management said

Operating cash flow margin and Free Cash Flow Margin for the second quarter of 2026 decreased primarily due to the semi-annual interest payment of $16.1 million paid during the quarter related to our senior unsecured notes. Total revenues increased by $19.3 million for the three months ended June 30, 2026, as compared to the three months ended June 30, 2025. The increase was attributable to increased produced water handling and associated skim oil royalties on our surface. The volume and associated revenue increase was primarily attributable to the Wolf Bone Ranch Acquisition and the 1918 Acquisition coupled with organic growth on our overall Stateline surface acreage. …LandBridge Co LLC, 10-Q, period ended 2026-06-30, filed 2026-08-06

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