LandBridge Company LLC (LB) AI Stock Analysis

NYSE: LBAI research summary: business, growth, valuation, analysts, bull and bear case.

LB AI stock analysis summary

AI Research

LandBridge Corporation (NYSE: LB) owns and manages surface acreage and resources supporting oil and natural gas development in the Delaware Basin. The company generated $225.5M in trailing twelve months revenue with an operating margin of 66.1%. Shares closed at $81.57, up 53.9% over the past year.

Market cap: $6.39B
Revenue (TTM): $225.5M
P/E: 72.2x
1Y return: 53.9%
Avg. target: $89.43

Bull case

Revenue expanded at a 3-year compound annual growth rate of 56.7% through FY2025, with quarterly revenue up 40.6% year-over-year as of June 30, 2026.
The business model converted high revenue expansion into cash, generating $122.0M in free cash flow on minimal capital expenditures of $4.2M in FY2025.
Operating margin reached 66.1% over the trailing twelve months, well above the US-listed Energy peer median of 28.5%.

Bear case

Trailing P/E of 72.2x and EV/EBITDA of 19.7x trade at substantial premiums to the US-listed Energy peer medians of 15.0x and 8.0x.
Total debt of $535.7M results in net debt of $495.9M and a debt-to-equity ratio of 1.51 as of June 30, 2026.
The company has missed analyst projections recently, topping EPS estimates in only 1 of the last 4 quarters.

What LandBridge does

LandBridge Corporation, together with its subsidiaries, owns and manages land and resources to support and enhance oil and natural gas development in the United States. It owns surface acres in and around the Delaware Basin in Texas and New Mexico. The company holds a portfolio of oil and gas royalties and sells brackish water and other surface composite materials. Headquartered in Houston, Texas, the company was founded in 2021 and changed its name from LandBridge Company LLC to LandBridge Corporation in October, 2026.

Growth and profitability

Revenue increased from $51.8M in FY2022 to $199.1M in FY2025, representing a 3-year compound annual growth rate of 56.7%. Growth accelerated in FY2025 with an 81.1% revenue rise, while gross margin reached 91.0% and operating margin expanded to 59.5%. Net income rose to $30.1M in FY2025, rebounding from $5.1M in FY2024 and -$6.4M in FY2022. For the trailing twelve months ended June 30, 2026, revenue stood at $225.5M with an operating margin of 66.1% and a profit margin of 16.5%. In the latest quarter, revenue grew 40.6% year-over-year while earnings climbed 67.5%.

LB income statement →

Balance sheet and cash flow

As of June 30, 2026, LandBridge held $39.8M in cash and short-term investments against total debt of $535.7M, resulting in net debt of $495.9M. The debt-to-equity ratio was 1.51 on shareholders' equity of $355.5M, and the current ratio stood at 7.27. Total assets totaled $1.38B. Operating cash flow grew to $126.3M in FY2025, supporting free cash flow of $122.0M after capital expenditures of $4.2M. The company also allocated $63.7M to dividends paid in FY2025.

LB balance sheet →

Valuation and performance

At $81.57, LandBridge has a market capitalization of $6.39B and an enterprise value of $2.93B. The stock trades at a trailing P/E of 72.2x and a forward P/E of 21.6x, compared to medians of 15.0x and 12.7x for its US-listed Energy peers. Its EV/EBITDA stands at 19.7x versus the peer median of 8.0x, and its price-to-sales ratio is 28.3x compared to 1.8x for peers. Over the past year, LandBridge returned 53.9%, outperforming the S&P 500 (SPY) return of 16.8%.

LB key metrics →

LB dividend

LandBridge pays a quarterly dividend with an annualized forward rate of $0.48 per share, yielding 0.59% as of October 16, 2026. The company has paid dividends for 3 consecutive years and carries a payout ratio of 41.6%. Its last ex-dividend date was August 27, 2026.

LB dividend history →

What analysts expect

Wall Street coverage includes 2 Strong Buy, 2 Buy, and 3 Hold recommendations. The mean price target of $89.43 sits 9.6% above the last close of $81.57. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $257.4M and EPS of $1.45, implying 54.3% EPS growth. LandBridge beat EPS estimates in 1 of the last 4 quarters, and its next earnings date is November 4, 2026.

LB forecast and price target →

Key risks and what to watch

Short interest stands at 13.1% of the float, indicating elevated bearish positioning.
Net debt is $495.9M against a cash position of $39.8M as of June 30, 2026.
Historical profitability has varied sharply, shifting from an operating margin of 96.1% in FY2023 to -15.0% in FY2024 before rebounding to 59.5% in FY2025.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this LB AI stock analysis

This page is an AI-written research summary of LandBridge Company LLC (LB). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: LB income statement, LB balance sheet, LB key metrics, LB analyst forecast, LB chart. See the LB stock overview for the latest quote and news.

LB AI stock analysis FAQ

What does LandBridge Corporation do?

LandBridge owns and manages surface acreage and resources in the Delaware Basin in Texas and New Mexico to support oil and natural gas development. It also holds oil and gas royalties and sells brackish water and surface composite materials.

Does LandBridge pay a dividend?

Yes, LandBridge pays a quarterly dividend with a forward annual payout of $0.48 per share, representing a dividend yield of 0.59% and a payout ratio of 41.6%.

How fast is LandBridge growing?

Revenue delivered a 3-year CAGR of 56.7% between FY2022 and FY2025, reaching $199.1M. In the quarter ended June 30, 2026, revenue increased 40.6% year-over-year while earnings rose 67.5%.

What is the consensus price target for LB stock?

Analysts hold a mean price target of $89.43, which is 9.6% above its last close of $81.57 on October 16, 2026.