LandBridge (LB) Q1 FY26 earnings call

LandBridge commenced FY26 with results consistent with internal plans, demonstrating robust year-over-year growth in revenue and adjusted EBITDA, driven by its fee-surface ownership model. The company raised its full-year guidance, citing increased visibility into its commercial pipeline and a more supportive macroeconomic environment, despite anticipated sequential softness in Q1 due to seasonality in commercial agreements. The PowerBridge data center deal validates the company's strategy of monetizing its acreage through long-duration leases without capital outlay.