NYSE$LB

LandBridge Company LLC · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

LandBridge reported Q4 2025, revenue of $56.8M, net income of $18.2M.

For Q4 2025, LandBridge reported revenue of $56.8M, net income of $18.2M. Management discusses segment performance, capital allocation, and macro risks in the quarterly filing.

  • Revenue $56.8M.
  • Net income $18.2M.
  • LandBridge MD&A covers liquidity, operations, and outlook.

Headline financials

Total Revenue

$56.8M

Previous: $36.5M+55.6%
EPS (adj)

$0.29

Previous: $0.05+530.4%
Net Income Margin

32.0%

Previous: 22.0%+45.5%
Adjusted EBITDA

$51.1M

Previous: $31.7M+61.0%
Adjusted EBITDA Margin

90.0%

Previous: 87.0%+3.4%
Operating Cash Flow Margin

67.0%

Previous: 74.0%-9.5%
Free Cash Flow Margin

64.0%

Previous: 73.0%-12.3%
Net Income

$18.2M

Previous: $8.2M+122.0%
Operating Income

$34.1M

Previous: $18M+89.1%

Revenue & EPS history

LandBridge Company LLC · Revenue · Quarterly

$56.8M

Q4 2025+55.6%vs Q4 2024
Beat estimate in 3 of 6 quarters(50%)
ActualEstimate

Revenue by segment

LandBridge Company LLC · $19M total across 8 segments · Q1 2024

  • Easements & Surface Revenue
    $4.75M
  • Oil and Gas Royalties
    $4.19M
  • Resource Sales
    $3.42M
  • Surface Use Royalties - RP
    $2.61M
  • Resource Royalties
    $1.98M
  • Surface Use Royalties
    $1.6M
  • Easements & Surface - RP
    $383K
  • Resource Sales - RP
    $93K

Forward guidance

The quarterly filing discusses operating priorities, capital returns, and sector risks; numeric multi-quarter bridges vary by issuer.

Tailwinds

  • MD&A highlights liquidity, capital, and core business trends.
  • Segment or product commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure near-term margins.
  • One-time items can affect year-over-year comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 6 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+1.3%

Avg return

Earnings day

+1.7%

Avg return

5 days after

-2.8%

Avg return

30 days after

43%

3 / 7 earnings

Positive

+22.7%

Q3 2024

Best reaction

-11.3%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.2%+1.1%+5.8%
Q4 2025+13.8%+12.0%+10.0%
Q3 2025-10.5%-23.9%-32.3%
Q1 2025-11.3%+1.2%-5.9%
Q4 2024-6.1%+4.2%-8.9%
Q3 2024+22.7%+13.8%+4.2%
Q2 2024+1.0%+3.2%+7.7%
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022

Discussion

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