LandBridge Co LLC (LB)
LandBridge Co LLC brought in $245.5M of revenue over the twelve months to September 30, 2026, up 37.3% from a year earlier. Net income was $42M, a net margin of 17.1%. Operating cash flow minus capital spending left $122M of free cash flow in fiscal 2025. At September 30, 2026 it held $16.8M in cash against $755.5M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.
Key facts about LandBridge Co LLC
- Net worth
- LandBridge Co LLC has a market value (market cap) of $5.1B at the latest share price, and shareholders' equity of $389.9M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $199.1M (+81.1% year on year), with net income of $30.1M. Over the 12 months to September 30, 2026: revenue $245.5M, net income $42M.
- Cash flow
- In fiscal 2025 operations brought in $126.3M of cash; after $4.2M of capital spending, free cash flow was $122M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- LandBridge Co LLC's next report is expected around February 24, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What LandBridge Co LLC does
LandBridge Co LLC is registered with the SEC under industry code SIC 6792 (Oil Royalty Traders). Its shares trade on NYSE under the ticker LB.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $199.1M | $30.1M | $0.94 | $122M |
| 2024 | $110M | $5.1M | $0.07 | $66.7M |
| 2024 | $72.9M | $63.2M | n/a | $50.3M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where LB ranks in Energy
Dividends
It paid out $63.7M in cash dividends, 211% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | n/a | $63.7M | 211% |
| 2024 | n/a | $178.2M | 3,488% |
| 2024 | n/a | $105.2M | 166% |
Latest SEC filings
What LandBridge Co LLC has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 9, 2026Passive stake changed SCHEDULE 13G/A
- November 5, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 39% to $70.9M versus the same quarter last year; diluted EPS $0.44 versus $0.26.
- November 4, 2026
- October 26, 2026Deregistration 15-12G
- October 14, 2026Delisting notice 25-NSE
- October 14, 2026Delisting notice 25-NSE
- October 13, 2026Form S-8 POS filing S-8 POS
- October 13, 2026Form POSASR filing POSASR
- October 13, 2026Form POSASR filing POSASR
- October 13, 2026Form 8-A12B/A filing 8-A12B/A
What is LB worth? A DCF from its reported cash flow
Insider trades
What the people running LandBridge Co LLC did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| August 7, 2026 | Capobianco David NDirector, 10% owner | Other changeindirect | 1,250,000 | - |
| August 7, 2026 | Capobianco David NDirector, 10% owner | Exercised optionsindirect | 1,250,000 | - |
| August 7, 2026 | Capobianco David NDirector, 10% owner | Soldindirect | 1,250,000 | $93.8M |
| August 7, 2026 | LandBridge Holdings LLCDirector, 10% owner | Other change | 1,250,000 | - |
| August 7, 2026 | LandBridge Holdings LLCDirector, 10% owner | Exercised options | 1,250,000 | - |
| August 7, 2026 | LandBridge Holdings LLCDirector, 10% owner | Sold | 1,250,000 | $93.8M |
| August 4, 2026 | Watson Charles L.Director | Received as pay | 1,900 | - |
| August 4, 2026 | Williams Jason FrederickSee Remarks | Received as pay | 13,572 | - |
Who owns LB
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| LandBridge Holdings LLC13D, may seek influence with 7 related filers | 61.4% | August 11, 2026 |
| First Manhattan Co. LLC.13G, passive with 2 related filers | 26.3% | November 7, 2025 |
| Horizon Kinetics Asset Management LLC13G, passive with 1 related filers | 20.9% | July 29, 2026 |
| Fmr LLC13G, passive with 1 related filers | 6.4% | August 6, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 193 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| First Manhattan Co. LLC. | 7,082,845 | +25,617 |
| Horizon Kinetics Asset Management LLC | 5,821,263 | +164,129 |
| Fmr LLC | 1,775,450 | +440,622 |
| Vanguard Portfolio Management LLC | 1,267,116 | +27,218 |
| William Blair Investment Management, LLC | 1,235,265 | +347,799 |
| Morgan Stanley | 731,836 | -743,991 |
| Schwartz Investment Counsel Inc | 644,716 | +51,825 |
| Hood River Capital Management LLC | 592,619 | -28,456 |
| UBS Group AG | 573,587 | -59,582 |
| DF Dent & Co Inc | 567,536 | +69,729 |
| Two Sigma Investments, LP | 518,850 | -26,627 |
| Cortland Associates Inc | 384,317 | -14,391 |
| Raymond James Financial Inc | 376,807 | +13,695 |
| Captrust Financial Advisors | 281,951 | +7,392 |
| Mad River Investors | 267,953 | +1,568 |
| Moors & Cabot, Inc. | 251,704 | +27,710 |
| Ashford Capital Management Inc | 234,860 | -13,680 |
| One Charles Private Wealth Services, LLC | 224,152 | -11,613 |
| Wells Fargo & Company | 222,604 | +34,349 |
| Millennium Management LLC | 211,305 | +192,440 |
Insiders
11 insiders reported holding 143,487,408 shares in total, about $9.5B at the last price.
| Holder | Shares |
|---|---|
| Five Point Energy Fund II AIV-VII LPDirector, 10% owner | 48,593,50548,593,505 held indirectly |
| Capobianco David NDirector, 10% owner | 47,168,90847,168,908 held indirectly |
| LandBridge Holdings LLCDirector, 10% owner | 47,168,908 |
| Long Jason ThomasSee Remarks, Director | 210,479 |
| McNeely Scott LloydSee Remarks | 84,017 |
| Watson Charles L.Director | 75,70464,250 held indirectly |
| Bolling Harrison FennerSee Remarks | 71,294 |
| Williams Jason FrederickSee Remarks | 68,447 |
| Daul Ty P.Director | 20,295 |
| Chase ValerieDirector | 14,397 |
Questions about LB
What does LandBridge Co LLC do?
LandBridge Co LLC is a company in the Energy sector, listed on NYSE as LB. Its shares trade on NYSE under the ticker LB.
What is LandBridge Co LLC's net worth?
LandBridge Co LLC has a market value (market cap) of $5.1B at the latest share price, and shareholders' equity of $389.9M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is LandBridge Co LLC profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $42M on revenue of $245.5M, a net margin of 17.1%.
How much revenue does LandBridge Co LLC make?
Over the twelve months to September 30, 2026 LandBridge Co LLC reported revenue of $245.5M. That is 37.3% more than a year earlier.
When did LandBridge Co LLC last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the passive stake changed from November 9, 2026.
When is LandBridge Co LLC's next earnings report?
LandBridge Co LLC's next report is expected around February 24, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values LandBridge Co LLC tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.