Reading the tape
NYSE: LB
LandBridge Company LLC
Energy · Oil & Gas Equipment & Services
Market Cap
$5.18B
52w High
$87.60
52w Low
$43.75
P/E
60.57
Volume
584.47K
Outstanding Shares
79.59M
Price vs Fundamentals
Why The Stock Is Moving
Likely multiple compressionModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: -15.17%Revenue (TTM): 118.93%FCF (TTM): 184.31%
What changed
The stock fell 15.17% over the last year. Revenue grew 118.93% over the trailing twelve months. Operating margin moved from -33.02% to 31.45%. Free cash flow grew 184.31% over the trailing twelve months.
What the market seems to be pricing
Visible fundamentals weakened far less than the stock price. The market appears to be discounting durability, risk, or trust rather than just the latest reported numbers.
What would invalidate this read
This read changes if operating margin (currently 31.45%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.
Company profile
LandBridge Company LLC owns and manages land and resources to support and enhance oil and natural gas development in the United States.
CEOJason Long
SectorEnergy
IndustryOil & Gas Equipment & Services
Employees4
IPO dateJun 28, 2024
Valuation
Forward P/E—
EV/EBITDA12.49
Enterprise value$1.57B
Stock splits
May 31, 2000↑ Forward
Every 1 shares became 2
Jun 2, 1998↑ Forward
Every 9827 shares became 10000
Jun 20, 1990↑ Forward
Every 1 shares became 2
Jun 24, 1986↑ Forward
Every 2 shares became 3
Jun 26, 1985↑ Forward
Every 1 shares became 2
Jun 14, 1983↑ Forward
Every 1 shares became 2
Nov 23, 1982↑ Forward
Every 1 shares became 2
May 22, 1978↑ Forward
Every 2 shares became 3
Profitability & growth
Revenue growth55.56%
Gross margin92.1%▲1.05%vs FY2024
Operating margin31.45%▲496.39%vs FY2024
ROE8.85%▲655.41%vs FY2024
Analyst consensus
RatingBuy
Target price$73.33▲12.69%
28
Buy
22
Hold
2
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 6, 2026
Q2 FY26 · EPS est $0.55 · Revenue est $58.72M
View
Dividends
$0.42/shareQuarterlyAt RiskLB pays a dividend with a 0.65% dividend yield, covered 1.9× by free cash flow.
Dividend Yield
0.65%
Annual Div / Share
$0.42
CAGR
—
Payout Ratio
211.47%
At Risk
Dividend Growth Rate
Dividend Safety
5/10At Risk
Dividend History
Annual dividends paid per share
YearAnnual DivYoY
2025$0.40+300.0%
2024$0.10—
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$6/yr
$1/mo
In 5 yrs
$6/yr
$1/mo
In 10 yrs
$6/yr
$1/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$6/yr $1/mo | $6/yr $1/mo | $6/yr $1/mo |
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 1.9× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Risks to Watch
High payout ratio
With 211.47% of earnings paid as dividends, there is limited retained earnings for reinvestment — and a dividend cut becomes more likely if earnings decline.