Business
LandBridge Announces First Quarter 2026 Results
HOUSTON, May 06, 2026--LandBridge Company LLC (NYSE: LB; NYSE TX: LB) (the "Company," or "LandBridge") today announced its financial and operating results for the first quarter ended March 31, 2026.
About this update from Landbridge Company Llc
[{"type":"text","content":"Increases full-year 2026 Adjusted EBITDA outlook to $210 million to $230 million","length":80,"tagName":"p"},{"type":"text","content":"Delivers first quarter revenues of $51.0 million, up 16% year-over-year","length":71,"tagName":"p"},{"type":"text","content":"Declares quarterly cash dividend of $0.12 per share","length":51,"tagName":"p"},{"type":"text","content":"Adds ~5,700 acres via strategic bolt-on acquisitions ","length":52,"tagName":"p"},{"type":"text","content":"HOUSTON, May 06, 2026--(BUSINESS WIRE)--LandBridge Company LLC (NYSE: LB; NYSE TX: LB) (the "Company," or "LandBridge") today announced its financial and operating results for the first quarter ended March 31, 2026.","length":235,"tagName":"p"},{"type":"text","content":"First Quarter 2026 Financial Highlights","length":39,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenues of $51.0 million, representing an increase of 16% year-over-year","length":73,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net income(1) of $17.9 million, representing an increase of 16% year-over-year","length":78,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net income margin(1) of 35%","length":27,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted EBITDA(2) of $44.9 million, representing an increase of 16% year-over-year","length":83,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted EBITDA Margin(2) of 88%","length":32,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Cash flows from operating activities of $41.1 million, representing an increase of 158% year-over-year and 8% quarter-over-quarter","length":130,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Free Cash Flow(2) of $40.9 million, representing an increase of 158% year-over-year and 13% quarter-over-quarter","length":112,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Operating cash flow margin of 81%","length":33,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Free Cash Flow Margin(2) of 80%","length":31,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":599,"olType":false},{"type":"text","content":"Recent Milestones","length":17,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Increased 2026...