Earnings summaries and quarterly performance for LandBridge Co.
Executive leadership at LandBridge Co.
Board of directors at LandBridge Co.
AN
Andrea Nicolás
Detailed
Director
BM
Ben Moore
Detailed
Director
CW
Charles Watson
Detailed
Director
DC
David Capobianco
Detailed
Chairman of the Board
FB
Frank Bayouth
Detailed
Director
KH
Kara Harling
Detailed
Director
MM
Matthew Morrow
Detailed
Director
MS
Michael Sulton
Detailed
Director
TD
Ty Daul
Detailed
Director
VC
Valerie Chase
Detailed
Director
Research analysts who have asked questions during LandBridge Co earnings calls.
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Recent press releases and 8-K filings for LB.
LandBridge Reports Strong Q4 and Full-Year 2025 Results, Raises Dividend, and Issues 2026 Guidance
LB
Earnings
Guidance Update
Dividends
- LandBridge reported Q4 2025 total revenue of $56.8 million, an increase of 56% year-over-year, and full-year 2025 revenue of $199.1 million, representing 81% year-over-year growth.
- The company achieved Q4 2025 Adjusted EBITDA of $51.1 million with a 90% margin, and full-year 2025 Adjusted EBITDA of $177 million with an 89% margin, which was above the upper end of their guidance range.
- LandBridge announced a 20% increase to its quarterly dividend, bringing it to $0.12 per share, and authorized a share repurchase program of up to $50 million through December 2027.
- For full-year 2026, the company provided Adjusted EBITDA guidance of $205 million to $225 million, indicating over 20% year-over-year growth at the midpoint.
- Strategic developments in 2025 included executing two Battery Energy Storage Systems (BESS) facility development agreements with Samsung C&T Renewables, finalizing the sale of a 3,000-acre solar energy project, and entering into agreements with ONEOK for a natural gas processing facility and NRG Energy for a potential 1.1 gigawatt natural gas power generation facility.
1 day ago
LandBridge Reports Strong FY 2025 Results, Issues 2026 Guidance, and Increases Shareholder Returns
LB
Earnings
Guidance Update
Dividends
- LandBridge reported strong financial results for fiscal year 2025, with revenue growing 81% year-over-year to $199.1 million and Adjusted EBITDA increasing 83% year-over-year to $177 million, achieving an 89% Adjusted EBITDA margin.
- The company provided 2026 Adjusted EBITDA guidance of $205 million to $225 million, representing over 20% year-over-year growth at the midpoint.
- LandBridge announced a 20% increase to its quarterly dividend, bringing it to $0.12 per share, and authorized a share repurchase program of up to $50 million in shares through December 2027.
- Growth was driven by active land management, leading to 21% year-over-year Surface Use Economic Efficiency (SUEE) growth across its portfolio, and record commercial growth including two battery energy storage systems (BESS) facility development agreements with Samsung C&T Renewables and a strategic agreement with NRG Energy.
1 day ago
LandBridge Reports Strong Q4 and Full-Year 2025 Results, Issues 2026 Guidance, and Increases Shareholder Returns
LB
Earnings
Guidance Update
Dividends
- LandBridge reported Q4 2025 revenue of $56.8 million and FY 2025 revenue of $199.1 million, marking 81% year-over-year growth. Adjusted EBITDA for FY 2025 was $177 million, an 83% increase year-over-year, with a 90% margin in Q4 2025.
- The company issued FY 2026 Adjusted EBITDA guidance of $205 million-$225 million, projecting over 20% year-over-year growth at the midpoint.
- LandBridge increased its quarterly dividend by 20% to $0.12 per share and authorized a $50 million share repurchase program through December 2027.
- Strategic developments in 2025 included agreements for battery energy storage systems with Samsung C&T Renewables, a solar energy project sale, a natural gas processing facility lease with ONEOK, and a potential 1.1 GW natural gas power generation facility with NRG Energy.
1 day ago
LandBridge Announces Strong Q4 and Full Year 2025 Results, Raises Dividend, and Authorizes Share Repurchase
LB
Earnings
Guidance Update
Share Buyback
- LandBridge reported strong financial results for Q4 2025, with revenues of $56.8 million (up 56% year-over-year) and Adjusted EBITDA of $51.1 million (up 61% year-over-year), contributing to full-year 2025 revenues of $199.1 million (up 81% year-over-year) and Adjusted EBITDA of $177.2 million (up 83% year-over-year).
- The company provided a full-year 2026 Adjusted EBITDA outlook of $205 million to $225 million, projecting over 20% year-over-year growth at the midpoint.
- LandBridge announced an increase in its quarterly cash dividend by 20% to $0.12 per share and authorized a $50 million share repurchase program through year-end 2027.
- In November 2025, LandBridge enhanced its balance sheet by closing an inaugural $500 million senior notes offering and a new $275 million senior secured revolving credit facility.
2 days ago
LandBridge Co LLC Completes Private Placement of $500 Million Senior Notes
LB
Debt Issuance
- DBR Land Holdings LLC, a subsidiary of LandBridge Company LLC, completed a private placement of $500 million aggregate principal amount of 6.250% Senior Notes due 2030 on November 25, 2025.
- The net proceeds from this offering, along with borrowings under a new revolving credit facility, will be used to repay $370.2 million in outstanding borrowings under the company's existing credit facility as of September 30, 2025.
- The Notes are unsecured obligations, bearing an interest rate of 6.250% per annum, with interest payable semi-annually on June 1 and December 1, and a final maturity date of December 1, 2030. The first interest payment is scheduled for June 1, 2026.
- The Issuer has optional redemption rights, including redeeming up to 40% of the notes at 106.25% of the principal amount prior to December 1, 2027, using equity offering proceeds, or redeeming all or part at 100% of principal plus an applicable premium before December 1, 2027. Redemption prices on or after December 1, 2027, range from 103.125% to 100.000% depending on the year.
Nov 25, 2025, 9:01 PM
LandBridge announces pricing of $500 million senior notes offering
LB
Debt Issuance
- LandBridge Company LLC's subsidiary, DBR Land Holdings LLC, has priced an offering of $500 million aggregate principal amount of 6.250% senior notes due 2030.
- The offering is expected to close on November 25, 2025.
- LandBridge intends to use the net proceeds from the offering, along with borrowings under a new credit facility, to repay and terminate its existing credit facility.
Nov 19, 2025, 9:41 PM
LandBridge Subsidiary Launches $500 Million Senior Notes Offering and Secures New Credit Facility
LB
Debt Issuance
- On November 19, 2025, LandBridge Company LLC's subsidiary, DBR Land Holdings LLC, announced its intent to offer $500 million in aggregate principal amount of senior notes in a private placement.
- The net proceeds from this offering, along with borrowings under a new credit facility, will be used to repay all outstanding borrowings under, and terminate, its existing credit facility.
- Concurrently, on November 18, 2025, DBR Land Holdings LLC entered into a new revolving credit agreement providing for lender commitments of $275 million, maturing on the earlier of June 30, 2030, or 91 days prior to the Notes' maturity if outstanding principal exceeds $50 million.
- The new credit agreement includes financial covenants such as a minimum interest coverage ratio of 2.50:1.00 and a maximum total net leverage ratio of 5.00:1.00.
- Following the offering, LandBridge is projected to have a Debt Service Coverage Ratio of 5.0x as of LTM September 30, 2025, assuming pro forma debt of $500 million senior notes and approximately $70 million drawn on the new credit agreement.
Nov 19, 2025, 1:19 PM
LandBridge Company LLC Announces Pricing of Secondary Public Offering
LB
- LandBridge Holdings LLC commenced and priced a secondary public offering of 2,500,000 Class A shares of LandBridge Company LLC at $71.00 per share to the public on November 17, 2025.
- LandBridge Company LLC will not sell any Class A shares in the offering and will not receive any proceeds therefrom.
- The offering closed on November 18, 2025, with the Selling Shareholder granting the underwriter a 30-day option to purchase up to an additional 375,000 Class A shares.
- Following the offering, the Selling Shareholder will continue to own approximately 63% of the issued and outstanding shares of LandBridge.
Nov 19, 2025, 1:16 AM
LandBridge Reports Strong Q3 2025 Results and Strategic Acquisitions
LB
Earnings
Guidance Update
M&A
- LandBridge reported strong Q3 2025 financial performance, with total revenue reaching $50.8 million, marking a 7% sequential increase and 78% year-over-year growth. Adjusted EBITDA was $44.9 million, up 6% sequentially and 79% year-over-year, achieving an 88% margin.
- The company reaffirmed the midpoint of its full-year 2025 Adjusted EBITDA guidance, expecting it to be between $165 million and $175 million. Additionally, a quarterly dividend of $0.10 per share was declared, payable on December 18, 2025.
- Strategic developments include the acquisition of approximately 37,500 acres from 1918 Ranch and Realty, anticipated to contribute $20 million in EBITDA beginning in 2026. LandBridge also finalized the sale of a 3,000-acre solar energy project with a proposed generation capacity of up to 250 megawatts.
- The company highlighted the increasing value of its pore space, noting a forecasted 9 million barrel a day shortfall in disposal capacity in the Delaware Basin by 2035, which is expected to drive demand for its differentiated pore space solutions.
Nov 13, 2025, 3:30 PM
LandBridge Company Reports Strong Q3 2025 Results and Completes Strategic Acquisition
LB
Earnings
M&A
Guidance Update
- LandBridge Company reported strong financial results for Q3 2025, with revenue up 78% year-over-year and Adjusted EBITDA up 79% year-over-year. For Q3 2025, Consolidated Revenue was $50,831 thousand and Adjusted EBITDA was $44,850 thousand.
- The company completed the acquisition of approximately 37,500 acres from 1918 Ranch & Royalty, LLC for a purchase price of $250 million, expecting it to contribute $20 million to 2026 EBITDA.
- LandBridge provided 2025 Adjusted EBITDA Guidance of $165-$175 million and maintained a net leverage ratio of ~2.2x as of Q3 2025, with a target range of 2.0 – 2.5x.
- A quarterly cash dividend of $0.10 per share was paid in Q3 2025.
Nov 13, 2025, 3:30 PM
Quarterly earnings call transcripts for LandBridge Co.
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