LandBridge gains on agreement with NRG Energy to power potential data center in Texas

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23/09/2025 14:25

** Shares of LandBridge LB.N, landowner in oil-rich Permian Basin in U.S., rise 6.2% to $55.40 premarket

** Company enters into agreement with utility NRG Energy NRG.N to power potential data center in Reeves County, Texas, in Delaware Basin

** LB says NRG may build 1,100 megawatt gas power plant at site if it secures power purchase agreement for data center

** Company adds that initial air permit applications and electric interconnection requests have been submitted, which would allow for in-service date as early as year-end 2029, if project moves forward

** As of last close, LB shares down 19.2% YTD

 (Reporting by Sumit Saha in Bengaluru)

 ((Sumit.Saha@thomsonreuters.com;))