LandBridge Co LLCLBEarnings & Financial Report
NYSE · Financials · Oil Royalty Traders
LB Q1 FY2026 Key Financial Metrics
Revenue
$51.0M
Gross Profit
N/A
Operating Profit
$29.2M
Net Profit
$17.9M
Gross Margin
N/A
Operating Margin
57.2%
Net Margin
35.0%
YoY Growth
16.0%
LandBridge Co LLC Q1 FY2026 Financial Summary
LandBridge Co LLC reported revenue of $51.0M (up 16.0% YoY) for Q1 FY2026, with a net profit of $17.9M (up 15.6% YoY) (35.0% margin).
Key Financial Metrics
| Total Revenue | $51.0M |
|---|---|
| Net Profit | $17.9M |
| Gross Margin | N/A |
| Operating Margin | 57.2% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
LandBridge Co LLC Q1 FY2026 revenue of $51.0M breaks down across 8 segments, led by Other at $14.2M (27.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Other | $14.2M | 27.9% |
| Easements and other surface-related revenues | $11.6M | 22.7% |
| Surface use royalties - related party | $11.0M | 21.6% |
| Resource sales | $5.2M | 10.2% |
| Resource royalties | $4.3M | 8.4% |
| Easements and other surface-related revenues - related party | $3.2M | 6.2% |
| Resource royalties - related party | $1.3M | 2.5% |
| Resource sales - related party | $205.0K | 0.4% |
LandBridge Co LLC Annual Revenue by Year
LandBridge Co LLC annual revenue history includes year-by-year totals (for example, 2025 revenue was $199.1M).
LandBridge Co LLC Quarterly Revenue & Net Profit History
LandBridge Co LLC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $51.0M | +16.0% | $17.9M | 35.0% |
| Q4 FY2025 | $56.8M | +55.6% | $8.1M | 14.2% |
| Q3 FY2025 | $50.8M | +78.4% | $8.1M | 15.9% |
| Q2 FY2025 | $47.5M | +83.2% | $7.5M | 15.8% |
| Q1 FY2025 | $44.0M | +131.2% | $6.5M | 14.7% |
| Q4 FY2024 | $36.5M | — | $49.3M | 135.2% |
| Q3 FY2024 | $28.5M | +60.0% | $2.7M | 9.3% |
| Q2 FY2024 | $26.0M | +19.5% | $-57.7M | -222.1% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $26.0M | $28.5M | $36.5M | $44.0M | $47.5M | $50.8M | $56.8M | $51.0M |
| YoY Growth | 19.5% | 60.0% | N/A | 131.2% | 83.2% | 78.4% | 55.6% | 16.0% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $710.5M | $689.9M | $1.03B | $1.04B | $1.07B | $1.08B | $1.37B | $1.36B |
| Liabilities | $414.0M | $285.9M | $395.4M | $387.4M | $381.4M | $380.1M | $572.1M | $554.1M |
| Equity | $296.4M | $97.2M | $211.8M | $217.0M | $266.4M | $272.0M | $340.3M | N/A |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $16.0M | $7.5M | $67.6M | $15.9M | $37.3M | $34.9M | $126.3M | $41.1M |