Company research
LandBridge Corp
CIK 1995807Updated Oct 27, 2026
SecurityLB · NYSE · equity
Historical securities (1)
LB · NYSE · equity · closed Oct 22, 2026Name history
LandBridge Co LLC · through Oct 1, 2026
LB price & chart
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NYSE:LB on TradingView ↗About the company
LandBridge owns or manages more than 350,000 surface acres across Texas and New Mexico, located primarily in the heart of the Delaware sub-region in the Permian Basin, the most active region for oil and gas exploration and development in the United States. LandBridge actively manages its land and resources to support and encourage energy and infrastructure development and other land uses, including digital infrastructure. LandBridge was formed by Five Point Infrastructure LLC, a private equity firm with a track record of investing in and developing energy, environmental water management and sustainable infrastructure companies within the Permian Basin. For more information, please visit: www.landbridgeco.com
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Recent filings
10-Q filing
Results of Operations and Financial Condition · Regulation FD Disclosure
Items 2.02, 7.01, 9.01
15-12G filing
25-NSE - filed by NYSE TEXAS, INC. regarding LandBridge Corp
25-NSE - filed by NEW YORK STOCK EXCHANGE LLC regarding LandBridge Corp
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||
| AssetsUSD | 1,077,920,000Source | 689,888,000Source | 1,377,266,000Source | 1,066,380,000Source | 710,463,000Source | 1,362,236,000Source | 1,008,100,000Source | 1,366,056,000Source | 1,003,474,000Source | 288,949,000Source |
| Property, Plant and Equipment, NetUSD | 917,975,000Source | 628,087,000Source | 1,092,750,000Source | 918,312,000Source | 629,812,000Source | 1,084,586,000Source | 918,613,000Source | 1,084,450,000Source | 902,742,000Source | 203,018,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 41,845,000Source | 27,484,000Source | 131,444,000Source | 42,985,000Source | 28,048,000Source | 134,203,000Source | 44,125,000Source | 136,962,000Source | 45,265,000Source | 28,642,000Source |
| Current assets: | ||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 28,316,000Source | 14,417,000Source | 39,797,000Source | 20,345,000Source | 24,646,000Source | 29,679,000Source | 14,935,000Source | 30,741,000Source | 37,032,000Source | 37,823,000Source |
| Assets, CurrentUSD | 57,370,000Source | 31,606,000Source | 70,780,000Source | 44,140,000Source | 41,543,000Source | 59,264,000Source | 43,594,000Source | 59,815,000Source | 53,315,000Source | 52,278,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 4,821,000Source | 2,271,000Source | 3,487,000Source | 3,212,000Source | 594,000Source | 3,357,000Source | 1,446,000Source | 4,766,000Source | 1,628,000Source | 1,035,000Source |
| Other Assets, NoncurrentUSD | 1,614,000Source | 2,711,000Source | 3,233,000Source | 2,395,000Source | 11,060,000Source | 3,796,000Source | 1,696,000Source | 3,856,000Source | 1,741,000Source | 5,011,000Source |
| LIABILITIES AND EQUITY | ||||||||||
| LiabilitiesUSD | 380,092,000Source | 285,871,000Source | 545,459,000Source | 381,415,000Source | 414,021,000Source | 554,120,000Source | 387,443,000Source | 572,071,000Source | 395,408,000Source | 138,202,000Source |
| Stockholders’ equity: | ||||||||||
| Retained Earnings (Accumulated Deficit)USD | 17,981,000Source | 2,656,000Source | 37,459,000Source | 12,426,000Source | — | 28,584,000Source | 7,464,000Source | 23,233,000Source | 3,349,000Source | — |
| Stockholders' Equity Attributable to ParentUSD | 271,988,000Source | 97,209,000Source | 355,532,000Source | 266,448,000Source | — | 344,495,000Source | 440,345,000Source | 340,302,000Source | 436,012,000Source | — |
| Liabilities and EquityUSD | 1,077,920,000Source | 689,888,000Source | 1,377,266,000Source | 1,066,380,000Source | 710,463,000Source | 1,362,236,000Source | 1,008,100,000Source | 1,366,056,000Source | 1,003,474,000Source | 288,949,000Source |
| Current liabilities: | ||||||||||
| Liabilities, CurrentUSD | 13,819,000Source | 43,258,000Source | 9,735,000Source | 10,361,000Source | 50,359,000Source | 18,820,000Source | 11,794,000Source | 12,286,000Source | 14,410,000Source | 27,100,000Source |
| Other Liabilities, NoncurrentUSD | 192,000Source | 183,000Source | 195,000Source | 182,000Source | 2,817,000Source | 194,000Source | 182,000Source | 192,000Source | 183,000Source | 2,759,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 425,840,000Source | 306,808,000Source | 476,275,000Source | 418,517,000Source | — | 463,621,000Source | 180,312,000Source | 453,683,000Source | 172,054,000Source | — |
| Additional Financial Items | ||||||||||
| Accrued Liabilities, CurrentUSD | 7,322,000Source | 6,199,000Source | 5,946,000Source | 6,280,000Source | 12,984,000Source | 14,192,000Source | 5,837,000Source | 7,781,000Source | 7,185,000Source | 4,945,000Source |
| Long-term Debt, Current MaturitiesUSD | 924,000Source | 35,547,000Source | 194,000Source | 171,000Source | 35,148,000Source | 433,000Source | 299,000Source | 692,000Source | 424,000Source | 20,339,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 366,081,000Source | 242,430,000Source | 535,529,000Source | 370,872,000Source | 360,845,000Source | 535,106,000Source | 375,467,000Source | 559,593,000Source | 380,815,000Source | 108,343,000Source |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | 20,291,000Source | -2,756,000Source | 31,049,000Source | 18,475,000Source | 17,868,000Source | 15,459,000Source | 72,399,000Source | -41,479,000Source | 63,172,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | — | — | — | — | 4,425,000Source | 2,601,000Source | 11,470,000Source | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | 11,240,000Source | 11,271,000Source | 11,264,000Source | 11,140,000Source | 45,319,000Source | 95,335,000Source | -17,230,000Source |
| Changes in operating assets and liabilities: | |||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | -895,000Source | 7,384,000Source | 6,834,000Source | -2,113,000Source | 1,474,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | 316,000Source | 339,000Source | 4,084,000Source | -411,000Source | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 41,120,000Source | 15,913,000Source | 126,273,000Source | 67,636,000Source | 53,042,000Source |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | — | — | — | 1,995,000Source | 17,818,000Source | 229,048,000Source | 723,367,000Source | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -2,148,000Source | -17,867,000Source | -233,074,000Source | -724,352,000Source | -2,772,000Source |
| Cash flows from financing activities: | |||||||||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | — | — | — | — | — | — | — | 5,750,000Source | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -40,034,000Source | -20,143,000Source | 100,510,000Source | 655,925,000Source | -37,798,000Source |
| Dividends paid | — | — | — | — | — | — | —Source | —Source | —Source | — | — |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | — | — | — | — | — | — | — | -187,000Source | — | -462,000Source | -404,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | -1,062,000Source | -22,097,000Source | -6,291,000Source | -791,000Source | 12,472,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 28,316,000Source | 14,417,000Source | 39,797,000Source | 20,345,000Source | 29,679,000Source | 14,935,000Source | 30,741,000Source | 37,032,000Source | 37,823,000Source |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 1,311,000Source | 7,623,000Source | 26,963,000Source | 19,677,000Source | 5,914,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | -2,000Source | 1,483,000Source | 8,730,000Source | 385,000Source | 213,000Source |
| Additional Financial Items | |||||||||||
| Amortization of Debt Issuance CostsUSD | — | — | — | — | — | — | 548,000Source | 539,000Source | 2,189,000Source | — | — |
| Amortization of Intangible AssetsUSD | — | — | — | — | — | — | — | — | 5,400,000Source | 2,600,000Source | 2,200,000Source |
| DepreciationUSD | — | — | 761,000Source | 638,000Source | 1,095,000Source | 783,000Source | 1,065,000Source | 764,000Source | 3,289,000Source | 2,600,000Source | 2,400,000Source |
| Depreciation, Amortization and Accretion, NetUSD | — | — | 2,584,000Source | 2,038,000Source | — | 2,545,000Source | — | 2,601,000Source | — | 8,875,000Source | 8,762,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | — | — | — | — | — | — | 11,470,000Source | — | — |
| Gain (Loss) on Disposition of AssetsUSD | — | — | — | — | — | — | — | — | — | — | 239,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | — | — | — | — | — | -4,416,000Source | — | — |
| Income Tax Expense (Benefit)USD | — | — | 2,705,000Source | -1,128,000Source | 3,902,000Source | 2,148,000Source | 1,789,000Source | 1,601,000Source | 9,066,000Source | 1,875,000Source | 370,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 8,107,000Source | 2,656,000Source | 12,287,000Source | 7,502,000Source | 8,715,000Source | 6,464,000Source | 30,128,000Source | 5,110,000Source | — |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | 12,184,000Source | -5,412,000Source | 18,762,000Source | 10,973,000Source | 9,153,000Source | 8,995,000Source | 42,271,000Source | 288,000Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 7,944,000Source | 2,562,000Source | 12,056,000Source | 7,277,000Source | 8,550,000Source | 6,262,000Source | 29,375,000Source | — | — |
| Other Nonoperating Income (Expense)USD | — | — | 0Source | 0Source | -17,000Source | 0Source | -10,000Source | 0Source | -4,329,000Source | 241,000Source | 549,000Source |
| Other Operating Income (Expense), NetUSD | — | — | 100,000Source | 0Source | 53,000Source | -132,000Source | -10,000Source | 0Source | -131,000Source | — | — |
| Proceeds from Contributions from AffiliatesUSD | — | — | — | — | — | — | — | — | 0Source | 120,000,000Source | — |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | — | — | — | 278,263,000Source | — |
| General and Administrative Expense | — | — | — | — | —Source | —Source | —Source | —Source | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 50,831,000Source | 28,487,000Source | 66,840,000Source | 47,533,000Source | 51,005,000Source | 43,951,000Source | 199,093,000Source | 109,954,000Source | 72,865,000Source |
| Operating Income (Loss)USD | — | — | 30,885,000Source | 3,187,000Source | 44,158,000Source | 28,502,000Source | 29,178,000Source | 25,037,000Source | 118,500,000Source | -16,510,000Source | 70,009,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 0Source | 0Source | -17,000Source | 0Source | -10,000Source | 0Source | -4,329,000Source | 241,000Source | 549,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 22,996,000Source | -3,884,000Source | 34,951,000Source | 20,623,000Source | 19,657,000Source | 17,060,000Source | 81,465,000Source | -39,604,000Source | 63,542,000Source |
| Income Tax Expense (Benefit)USD | — | — | 2,705,000Source | -1,128,000Source | 3,902,000Source | 2,148,000Source | 1,789,000Source | 1,601,000Source | 9,066,000Source | 1,875,000Source | 370,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | 12,184,000Source | -5,412,000Source | 18,762,000Source | 10,973,000Source | 9,153,000Source | 8,995,000Source | 42,271,000Source | 288,000Source | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | 8,107,000Source | 2,656,000Source | 12,287,000Source | 7,502,000Source | 8,715,000Source | 6,464,000Source | 30,128,000Source | 5,110,000Source | — |
| Earnings Per Share, BasicUSD per share | — | — | 0.31Source | 0.15Source | 0.43Source | 0.3Source | 0.31Source | 0.27Source | 1.18Source | 0.28Source | — |
| Earnings Per Share, DilutedUSD per share | — | — | 0.26Source | -0.04Source | 0.4Source | 0.24Source | 0.23Source | 0.2Source | 0.94Source | 0.07Source | — |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 25,335,054Source | 17,425,000Source | 27,960,494Source | 24,069,705Source | 27,838,580Source | 23,255,419Source | 24,815,703Source | 17,807,323Source | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 76,518,549Source | 73,151,603Source | 76,991,052Source | 76,394,121Source | 77,078,931Source | 76,464,778Source | 76,542,235Source | 73,370,073Source | — |
| Additional Financial Items | |||||||||||
| Amortization of Intangible AssetsUSD | — | — | — | — | — | — | — | — | 5,400,000Source | 2,600,000Source | 2,200,000Source |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 4,982,000Source | 2,286,000Source | 370,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | — | — | 4,374,000Source | 2,545,000Source | 4,425,000Source | 2,601,000Source | 11,470,000Source | — | — |
| Interest Income (Expense), NetUSD | — | — | -7,889,000Source | -7,071,000Source | -9,190,000Source | -7,879,000Source | -9,511,000Source | -7,977,000Source | -32,706,000Source | -23,335,000Source | -7,016,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 7,944,000Source | 2,562,000Source | 12,056,000Source | 7,277,000Source | 8,550,000Source | 6,262,000Source | 29,375,000Source | — | — |
| Other Cost and Expense, OperatingUSD | — | — | 1,160,000Source | 708,000Source | 1,328,000Source | 1,065,000Source | 1,269,000Source | 1,127,000Source | 4,518,000Source | 3,174,000Source | 2,740,000Source |
| Other Operating Income (Expense), NetUSD | — | — | 100,000Source | 0Source | 53,000Source | -132,000Source | -10,000Source | 0Source | -131,000Source | — | — |
| Undistributed Earnings (Loss) Allocated to Participating Securities, BasicUSD | — | — | — | -94,000Source | 231,000Source | 225,000Source | 165,000Source | 202,000Source | 753,000Source | — | — |
| General and Administrative Expense | — | — | — | — | —Source | —Source | —Source | —Source | — | — | — |
Filing attachments
lb-ex4_2.htm · 10-Q · 2026-11-05
Exhibit 4.2 SUPPLEMENTAL INDENTURE TO BE DELIVERED BY SUBSEQUENT GUARANTORS SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of July 24, 2026, is among CBP Land Partners LLC, CBP Land LLC and DBR 302 LLC (collectively, the “Guaranteeing Subsidiaries”), DBR Land Holdings LLC (the “Company”), the other Guarantors (as defined in the Indenture referred to herein) and UMB Bank, N.A., as trustee under the Indenture referred to below (the “Trustee”). W I T N E S E T H: WHEREAS, the…
Read attachment ↗lb-ex4_3.htm · 10-Q · 2026-11-05
Exhibit 4.3 SECOND SUPPLEMENTAL INDENTURE SECOND SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of September 21, 2026, is among DBR Bear LLC (the “Guaranteeing Subsidiary”), DBR Land Holdings LLC (the “Company”), the other Guarantors (as defined in the Indenture referred to herein) and UMB Bank, N.A., as trustee under the Indenture referred to below (the “Trustee”). W I T N E S E T H: WHEREAS, the Company and the initial Guarantors have heretofore executed and delivered to …
Read attachment ↗lb-ex99_1.htm · 8-K · 2026-11-04
Exhibit 99.1 LandBridge Announces Third Quarter 2026 Results Delivers record third quarter revenue of $70.9 million, representing growth of 39% year-over-year and 6% quarter-over-quarter Increases full year 2026 Adjusted EBITDA guidance to $220 to $235 million Completes the acquisition of ~25,000 acres across the Delaware Basin, increasing LandBridge's contiguity and scale, undeveloped pore space portfolio, and contracted royalty cash flows Announces PowerBridge's conversion of its previous…
Read attachment ↗lb-ex99_1.htm · S-8 POS · 2026-10-13
Exhibit 99.1 Amended and Restated LandBridge Corporation LONG TERM INCENTIVE PLAN 1. Purpose. This Amended and Restated LandBridge Corporation Long Term Incentive Plan (the “Plan”) amends and restates the LandBridge Company LLC Long Term Incentive Plan effective as of October 13, 2026. The purpose of the Plan is to provide a means through which (a) LandBridge Corporation, a Texas corporation (“LandBridge”), and the Affiliates may attract, retain and motivate qualified persons as employees, d…
Read attachment ↗lb-ex99_2.htm · S-8 POS · 2026-10-13
Exhibit 99.2 AMENDED AND RESTATED LANDBRIDGE CORPORATION LONG TERM INCENTIVE PLAN Restricted Share Unit Grant Notice Pursuant to the terms and conditions of the Amended and Restated LandBridge Corporation Long Term Incentive Plan effective as of October 13, 2026 (the “Plan”), LandBridge Corporation, a Texas corporation (“LandBridge”), hereby grants to the individual listed below (“you” or “Participant”) the number of Restricted Share Units (the “RSUs”) set forth below. This award of RSUs (t…
Read attachment ↗lb-ex4_1.htm · 8-K12B · 2026-10-13
Exhibit 4.1 SECOND AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF DBR LAND HOLDINGS LLC DATED AS OF OCTOBER 13, 2026 THE UNITS IN DBR LAND HOLDINGS LLC HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT, THE SECURITIES LAWS OF ANY STATE, OR ANY OTHER APPLICABLE SECURITIES LAWS, AND HAVE BEEN OR ARE BEING ISSUED IN RELIANCE UPON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND SUCH LAWS. SUCH UNITS MUST BE ACQUIRED FOR INVESTMENT ONLY AND MAY NOT BE OFFERE…
Read attachment ↗