Quarterly ResultMay 6, 2026, 04:28 PM
LandBridge Q1 Revenue $51M, Net Income $17.9M; Raises FY26 EBITDA Outlook
AI Summary
LandBridge Company LLC announced strong financial and operating results for the first quarter ended March 31, 2026, with significant year-over-year growth in revenues, net income, and Adjusted EBITDA. The company also increased its full-year 2026 Adjusted EBITDA guidance, reflecting confidence in its commercial pipeline. Strategic bolt-on acquisitions of approximately 5,700 acres and a new lease development agreement with PowerBridge LLC for a giga-scale data center campus further highlight commercial momentum and growth opportunities.
Key Highlights
- LandBridge raises full-year 2026 Adjusted EBITDA outlook to $210 million to $230 million, up ~24% at midpoint.
- Q1 2026 revenues increased 16% year-over-year to $51.0 million.
- Q1 2026 net income rose 16% year-over-year to $17.9 million.
- Q1 2026 Adjusted EBITDA grew 16% year-over-year to $44.9 million.
- Cash flows from operating activities increased 158% year-over-year to $41.1 million.
- Acquired approximately 5,700 acres year-to-date through strategic bolt-on acquisitions.
- Entered lease development agreement with PowerBridge LLC for up to ~3,400 acres for a data center campus.
- Declared a quarterly cash dividend of $0.12 per share.
- Reduced outstanding indebtedness by $25 million to $545 million.