| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 66.84 | 31.0% | 40.6% |
| Total Income | 66.84 | 31.0% | 40.6% |
| Expenditure | 22.68 | 3.9% | 19.2% |
| PBT | 34.95 | 77.8% | 69.5% |
| Net Profit | 12.29 | 40.9% | 63.9% |
| OPM | 66.06% | 8.86pp | 6.10pp |
| NPM | 18.38% | 1.30pp | 2.60pp |
| EPS | 0.43 | 38.7% | 43.3% |
LandBridge Announces Q2 2026 Results with Record Revenue
06 Aug 2026 · 6 Aug, 2:14 am
Summary
LandBridge Company LLC reported record second quarter 2026 revenue of $66.8 million, a 41% increase year-over-year, driven by strong performance across multiple revenue streams. Net income surged by 68% year-over-year to $31.0 million, with a net income margin of 46%. Adjusted EBITDA grew 41% year-over-year to $59.8 million, maintaining a strong margin of 89%. Management expressed optimism about continued growth from both the oil and gas sector and the emerging digital infrastructure opportunity, supported by a robust pipeline of commercial agreements.
Key Highlights
- 1
LandBridge announced record second quarter revenue of $66.8 million, representing growth of 41% year-over-year and 31% quarter-over-quarter.
- 2
Net income for the second quarter of 2026 was $31.0 million, an increase of 68% year-over-year.
- 3
Adjusted EBITDA reached $59.8 million in Q2 2026, up 41% year-over-year.
- 4
The company declared a quarterly cash dividend of $0.12 per share.
- 5
LandBridge is engaged in late-stage negotiations with seven power and digital infrastructure counterparties, representing more than 10 GW of power generation potential.
- 6
The company reaffirmed its outlook for fiscal year 2026, with Adjusted EBITDA expected to be between $210 million and $230 million.
Management Comments
Jason Long
We are proud to announce another strong quarter of growth, reinforcing the strength and durability of our business model, along with the commercial firepower we continue to bring to bear across our footprint. We remain excited about the continued growth trajectory ahead of us, both from the oil and gas and produced water industry and from the longer-term digital infrastructure opportunity, where momentum is building quickly, as evidenced by our robust and growing list of non-binding commercial agreements and incremental interest across our acreage position.
Scott McNeely
Our second quarter results underscore the durability of a high-margin, asset-light business model that continues to convert growth across multiple revenue streams into outsized free cash flow, a dynamic we expect to continue as the business grows in scale. Equally significant, our Board's approval to redomicile in Texas as a corporation reflects a deliberate step toward broader index eligibility and reinforces our disciplined focus on long-term shareholder value creation.
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