LandBridge Q4 revenue up 56%, beats estimates

LandBridge LLC

25/02/2026 21:22

Overview

Land management firm's Q4 revenue grew 56% yr/yr, beating analyst expectations

Adjusted EBITDA for Q4 beat analyst expectations

Company authorized $50 mln share repurchase

Outlook

LandBridge expects 2026 Adjusted EBITDA between $205 mln and $225 mln

Company authorizes $50 mln share repurchase through year-end 2027

Result Drivers

SURFACE USE ROYALTIES - Revenue from surface use royalties increased due to higher produced water handling royalties and new easement payments

RESOURCE SALES - Revenue from resource sales and royalties rose due to increased supply water royalty volumes and sand sales

Company press release: ID:nBw6rKzrva

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$56.80 mln
$51.65 mln (6 Analysts)
Q4 Net Income
$18.20 mln
Q4 Adjusted EBITDA
Beat
$51.10 mln
$45.78 mln (6 Analysts)
Q4 Adjusted EBITDA Margin
90.00%
Q4 Free Cash Flow
$36.40 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

Wall Street's median 12-month price target for LandBridge Co LLC is $74.50, about 12.9% above its February 24 closing price of $66.00

The stock recently traded at 36 times the next 12-month earnings vs. a P/E of 32 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)