Jun 2026 (Q2 FY26) — Aug 6, 2026
LandBridge Q2 FY26 — Record Revenue and Digital Infrastructure Momentum
Read the full callLandBridge (LB) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
LandBridge earnings: last reported Thu, 6 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 66.8 | +40.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 66.1 | +6.1 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 12.3 | +63.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
$80.05 −1.86% · −$1.52
Performance +48.1% 1Y
1Y: $54.04 on 17 Oct 2025 → $80.05. High $89.71 (21 Aug 2026), low $44.2 (7 Jan 2026).
- Previous close
- $81.57
- 52-week range
- $44.2 – $89.71
- One year
- +43.43%
Overview
- Symbol
- LB
- Sector
- Energy
- Exchange
- US
- Currency
- USD
Call summaries
Mar 2026 (Q1 FY26) — May 7, 2026
LandBridge Q1 FY26 — Raised Full-Year Guidance on Strong Commercial Pipeline and Macro Tailwinds
Read the full callDec 2025 (Q4 FY25) — Feb 26, 2026
LandBridge Q4 FY25 — Strong Growth Driven by Active Land Management and Strategic Partnerships
Read the full callEvery analysed call
LandBridge earnings calls (LB)
Financials
What the filings say
Net profit, year on year: +64% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 28 | 37 | 44 | 48 | 51 | 57 | 51 | 67 |
| Operating profit | 3 | 18 | 25 | 29 | 31 | 34 | 29 | 44 |
| Operating margin | 11.2% | 49.4% | 57.0% | 60.0% | 60.8% | 60.0% | 57.2% | 66.1% |
| Profit before tax | -4 | 11 | 17 | 21 | 23 | 21 | 20 | 35 |
| Tax rate | 29.0% | 25.3% | 9.4% | 10.4% | 11.8% | 12.6% | 9.1% | 11.2% |
| Net profit | 3 | — | 6 | 8 | 8 | 8 | 9 | 12 |
| EPS ($ per share) | 0.15 | — | 0.27 | 0.30 | 0.31 | — | 0.31 | 0.43 |
| Line item | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|
| Reserves | — | 3 | 23 |
| Total liabilities | 138 | 395 | 572 |
| Fixed assets | 203 | 903 | 1,084 |
| Total assets | 289 | 1,032 | 1,366 |
| Line item | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|
| Cash from operations | 53 | 68 | 126 |
| Cash from investing | -3 | -724 | -233 |
| Cash from financing | -38 | 656 | 101 |
| Net cash flow | 12 | -1 | -6 |
| Capital expenditure | -3 | -1 | -4 |
| Free cash flow | 50 | 67 | 122 |
LB revenue by segment
Oil and Gas Royalties shrank from 17% to 5% of revenue over the last two years.
| Segment | Q2 FY2024 | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Easements and Other Surface Related Revenues | 29% | 23% | 20% | 37% | 33% | 34% | 29% | 40% | +51.9% |
| Surface Use Royalties | 27% | 35% | 40% | 35% | 36% | 36% | 44% | 38% | +53.1% |
| Resource Sales | 15% | 17% | 17% | 12% | 10% | 11% | 11% | 9% | +11.4% |
| Resource Royalties | 13% | 15% | 16% | 10% | 11% | 10% | 11% | 7% | -2.7% |
| Oil and Gas Royalties | 17% | 10% | 8% | 6% | 7% | 6% | 6% | 5% | +30.7% |
| Product and Service Other | — | — | — | — | — | — | <1% | 0% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
33 filings between Nov 18, 2025 and Aug 7, 2026.
Open market
decisions to buy or sellPurchases
$164.6K
3 purchases by 3 insiders
Sales
$716.60M
8 sales by 4 insiders
Compensation
not trading decisions- 8
- Award — granted as compensation
- 4
- Tax withheld — shares kept back by the company to cover tax
Also filed: 5 conversions, 5 other filings.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| LandBridge Holdings LLC | — | $268.81M | Aug 7, 2026 |
| Capobianco David N | — | $268.81M | Aug 7, 2026 |
| Five Point Energy Fund II AIV-VII LP | — | $175.00M | Nov 18, 2025 |
| WATSON CHARLES L. | — | $3.97M | Mar 6, 2026 |
| Long Jason Thomas | $99.8K | — | Jan 5, 2026 |
| Bolling Harrison Fenner | $39.8K | — | Jan 5, 2026 |
| McNeely Scott Lloyd | $25.0K | — | Jan 6, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 7, 2026 | LandBridge Holdings LLC Director | Other | 1,250,000 | $0 |
| Aug 7, 2026 | LandBridge Holdings LLC Director | Conversion | 1,250,000 | $0 |
| Aug 7, 2026 | LandBridge Holdings LLC Director | Sale | 1,250,000 | $93.81M |
| Aug 7, 2026 | Capobianco David N Director | Other | 1,250,000 | $0 |
| Aug 7, 2026 | Capobianco David N Director | Conversion | 1,250,000 | $0 |
| Aug 7, 2026 | Capobianco David N Director | Sale | 1,250,000 | $93.81M |
| Aug 4, 2026 | Bolling Harrison Fenner See Remarks | Award | 13,572 | $0 |
| Aug 4, 2026 | McNeely Scott Lloyd See Remarks | Award | 14,929 | $0 |
| Aug 4, 2026 | Chase Valerie Director | Award | 1,900 | $0 |
| Aug 4, 2026 | WATSON CHARLES L. Director | Award | 1,900 | $0 |
| Aug 4, 2026 | Williams Jason Frederick See Remarks | Award | 13,572 | $0 |
| Aug 4, 2026 | Long Jason Thomas See Remarks | Award | 20,358 | $0 |
| Aug 4, 2026 | Nicolas Andrea Liria Director | Award | 1,900 | $0 |
| Aug 4, 2026 | Daul Ty P. Director | Award | 1,900 | $0 |
| Jul 1, 2026 | Bolling Harrison Fenner See Remarks | Tax withheld | 9,152 | $661.7K |
| Jul 1, 2026 | McNeely Scott Lloyd See Remarks | Tax withheld | 12,188 | $881.2K |
| Jul 1, 2026 | Williams Jason Frederick See Remarks | Tax withheld | 9,758 | $705.5K |
| Jul 1, 2026 | Long Jason Thomas See Remarks | Tax withheld | 33,425 | $2.42M |
| Mar 6, 2026 | WATSON CHARLES L. Director | Sale | 13,000 | $975.1K |
| Mar 4, 2026 | WATSON CHARLES L. Director | Sale | 9,670 | $727.1K |
| Mar 2, 2026 | WATSON CHARLES L. Director | Sale | 30,680 | $2.27M |
| Jan 6, 2026 | McNeely Scott Lloyd See Remarks | Purchase | 549 | $25.0K |
| Jan 5, 2026 | Long Jason Thomas See Remarks | Purchase | 2,143 | $99.8K |
| Jan 5, 2026 | Bolling Harrison Fenner See Remarks | Purchase | 850 | $39.8K |
| Nov 18, 2025 | LandBridge Holdings LLC Director | Conversion | 2,500,000 | $0 |
| Nov 18, 2025 | LandBridge Holdings LLC Director | Other | 2,500,000 | $0 |
| Nov 18, 2025 | LandBridge Holdings LLC Director | Sale | 2,500,000 | $175.00M |
| Nov 18, 2025 | Five Point Energy Fund II AIV-VII LP Director | Other | 2,500,000 | $0 |
| Nov 18, 2025 | Five Point Energy Fund II AIV-VII LP Director | Conversion | 2,500,000 | $0 |
| Nov 18, 2025 | Five Point Energy Fund II AIV-VII LP Director | Sale | 2,500,000 | $175.00M |
| Nov 18, 2025 | Capobianco David N Director | Other | 2,500,000 | $0 |
| Nov 18, 2025 | Capobianco David N Director | Conversion | 2,500,000 | $0 |
| Nov 18, 2025 | Capobianco David N Director | Sale | 2,500,000 | $175.00M |
| Aug 27, 2025 | Daul Ty P. Director | Award | 2,201 | $0 |
| Aug 27, 2025 | WATSON CHARLES L. Director | Award | 2,201 | $0 |
| Aug 27, 2025 | Nicolas Andrea Liria Director | Award | 2,201 | $0 |
| Aug 27, 2025 | Chase Valerie Director | Award | 2,201 | $0 |
| Jul 1, 2025 | McNeely Scott Lloyd See Remarks | Tax withheld | 12,187 | $809.0K |
| Jul 1, 2025 | Bolling Harrison Fenner See Remarks | Tax withheld | 8,366 | $555.3K |
| Jul 1, 2025 | Williams Jason Frederick See Remarks | Tax withheld | 9,757 | $647.7K |
| Jul 1, 2025 | Long Jason Thomas See Remarks | Tax withheld | 33,424 | $2.22M |
| May 23, 2025 | Capobianco David N Director | Other | 1,900,000 | $0 |
| May 23, 2025 | Capobianco David N Director | Conversion | 1,900,000 | $0 |
| May 23, 2025 | Capobianco David N Director | Sale | 1,900,000 | $142.97M |
| May 23, 2025 | LandBridge Holdings LLC Director | Other | 1,900,000 | $0 |
| May 23, 2025 | LandBridge Holdings LLC Director | Conversion | 1,900,000 | $0 |
| May 23, 2025 | LandBridge Holdings LLC Director | Sale | 1,900,000 | $142.97M |
| Dec 19, 2024 | Capobianco David N Director | Disposition to issuer | 2,498,751 | $150.00M |
| Dec 19, 2024 | LandBridge Holdings LLC Director | Disposition to issuer | 2,498,751 | $150.00M |
| Sep 13, 2024 | Nicolas Andrea Liria Director | Award | 7,353 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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