LandBridge LLC Q1 Revenue Up 16%, EBITDA Guidance Raised to $210–230M
LandBridge LLC’s Q1 revenue rose 16% to $51.0 million, adjusted EBITDA grew 16% to $44.9 million and the company raised full-year EBITDA guidance to $210–230 million despite EPS of $0.35 missing estimates. Acquisitions of 5,700 acres and a giga-scale data center lease bolster growth outlook and justify a $66 price target.
1. Q1 Financial Performance
LandBridge LLC reported Q1 2026 revenue of $51.0 million, up 16% year-over-year, while net income reached $17.9 million but EPS of $0.35 fell short of consensus estimates of $0.55 per share.
2. EBITDA Growth and Guidance
Adjusted EBITDA increased 16% to $44.9 million and the company raised full-year EBITDA guidance range to $210–230 million, reflecting strong free cash flow margins and growth expectations.
3. Strategic Expansion Moves
The firm acquired 5,700 acres of Permian Basin land and signed a lease development agreement for a giga-scale data center, enhancing future royalty and leasing income streams.
4. Financial Health Metrics
Balance sheet strength is underscored by a debt-to-equity ratio of 0.0013, a current ratio of 3.15, and a P/E ratio of 40.15. The company declared a $0.12 per share dividend and has a $66 price target based on its capital-efficient model.