LandBridge owns and manages large surface acreage and related land rights in the Delaware Basin portion of the Permian, leasing access for energy and industrial uses. Its model monetizes land through surface use agreements, water-related rights and other infrastructure access rather than producing oil and gas itself. Customers are oilfield operators and midstream or industrial users that need surface rights, water and corridor access in a high-activity basin.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q2 2025 | 47.5 | — | 7.3 | — |
| Q3 2025 | 50.8 | — | 7.9 | — |
| Q4 2025 | 56.8 | — | 7.9 | — |
| Q1 2026 | 51 | — | 8.6 | — |
| Q2 2026 | 66.8 | 40.6% | 12.1 | 65.7% |
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Other companies on NYSE: Southwest Gas Holdings, Inc. (SWX), Triple Flag Precious Metals Corp. (TFPM), Hess Midstream LP (HESM), Solaris Energy Infrastructure, Inc. (SEI), EPAM Systems, Inc. (EPAM), RingCentral, Inc. (RNG)