Quarterly ResultAug 5, 2026, 04:44 PM
LandBridge Q2 Revenue $66.8M (+41%), Net Income $31.0M (+68%)
AI Summary
LandBridge announced strong financial results for the second quarter ended June 30, 2026, with revenue growing 41% year-over-year to $66.8 million and net income increasing 68% to $31.0 million. The company also declared a quarterly cash dividend of $0.12 per share. Strategic developments include an agreement to acquire 560 acres for $20 million and board approval to redomicile to Texas as a corporation, aiming for broader index eligibility and long-term shareholder value.
Key Highlights
- Revenue for Q2 2026 was $66.8 million, a 41% increase year-over-year and 31% quarter-over-quarter.
- Net income for Q2 2026 was $31.0 million, up 68% year-over-year and 74% quarter-over-quarter.
- Adjusted EBITDA reached $59.8 million, increasing 41% year-over-year and 33% quarter-over-quarter.
- Declared a quarterly cash dividend of $0.12 per share.
- Agreed to acquire approximately 560 acres for $20 million, expected to close in Q3 2026.
- Board approved conversion and redomicile from a Delaware LLC to a Texas corporation.
- Cash flows from operating activities were $41.4 million, an 11% increase year-over-year.
- Reaffirmed 2026 Adjusted EBITDA outlook between $210 million and $230 million.
Price Impact
More from LB