LandBridge Co LLC
LB · Oil Royalty Traders · 73.4M shares · +0%/yr ↓ buyback · EDGAR filings ↗
Reference price $75.00 · est. market cap ~$5.5B — last insider sale, 2026-03-06 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B74LandBridge — Permian land/royalty and surface-use company with high margins.
Strengths
- Operating margin 60% (98th pct), strong operating cash margin (93rd); net margin (75th)
- Land, royalty, water and emerging data-center/surface revenue
Risks
- Leverage (D/E 1.64, 88th); oil/gas-activity dependence
- Permian-concentration and commodity sensitivity
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
59.5%
Net margin
15.1%
Return on equity
8.9%
Return on assets
2.2%
ROIC
10.4%
Revenue growth (QoQ)
-10.2%
Net-income growth
489.6%
Debt / equity
1.6×
Net debt / EBITDA
4.1×
Current ratio
4.9×
EBITDA
$130M
Tangible book value
$203M
Cash & investments
$31M
Stock comp / revenue
22.8%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-03-06 | WATSON CHARLES L. | Sell | 13K | $75.00 |
| 2026-03-04 | WATSON CHARLES L. | Sell | 9.7K | $75.19 |
| 2026-03-02 | WATSON CHARLES L. | Sell | 31K | $74.07 |
| 2026-01-06 | McNeely Scott Lloyd | Buy | 549 | $45.49 |
| 2026-01-05 | Long Jason Thomas | Buy | 2.1K | $46.59 |
| 2026-01-05 | Bolling Harrison Fenner | Buy | 850 | $46.84 |
| 2025-11-18 | LandBridge Holdings LLC | Sell | 2.5M | $70.00 |
| 2025-11-18 | Capobianco David N | Other | 2.5M | — |
| 2025-11-18 | Capobianco David N | Conversion | 2.5M | — |
| 2025-11-18 | Capobianco David N | Sell | 2.5M | $70.00 |
| 2025-11-18 | Five Point Energy Fund II AIV-VII LP | Other | 2.5M | — |
| 2025-11-18 | Five Point Energy Fund II AIV-VII LP | Conversion | 2.5M | — |
| 2025-11-18 | Five Point Energy Fund II AIV-VII LP | Sell | 2.5M | $70.00 |
| 2025-11-18 | LandBridge Holdings LLC | Other | 2.5M | — |
| 2025-11-18 | LandBridge Holdings LLC | Conversion | 2.5M | — |
| 2025-08-27 | Nicolas Andrea Liria | Grant | 2.2K | — |
| 2025-08-27 | Chase Valerie | Grant | 2.2K | — |
| 2025-08-27 | WATSON CHARLES L. | Grant | 2.2K | — |
| 2025-08-27 | Daul Ty P. | Grant | 2.2K | — |
| 2025-08-27 | Chase Valerie | Grant | 3.9K | — |
| 2025-08-27 | Daul Ty P. | Grant | 3.9K | — |
| 2025-08-27 | WATSON CHARLES L. | Grant | 3.9K | — |
| 2025-08-27 | Nicolas Andrea Liria | Grant | 3.9K | — |
| 2025-07-01 | Long Jason Thomas | Tax withheld | 33K | $66.38 |
| 2025-07-01 | Williams Jason Frederick | Tax withheld | 9.8K | $66.38 |
| 2025-07-01 | Bolling Harrison Fenner | Tax withheld | 8.4K | $66.38 |
| 2025-07-01 | McNeely Scott Lloyd | Tax withheld | 12K | $66.38 |
| 2025-05-23 | LandBridge Holdings LLC | Other | 1.9M | — |
| 2025-05-23 | LandBridge Holdings LLC | Conversion | 1.9M | — |
| 2025-05-23 | LandBridge Holdings LLC | Sell | 1.9M | $75.25 |
| 2025-05-23 | Capobianco David N | Other | 1.9M | — |
| 2025-05-23 | Capobianco David N | Conversion | 1.9M | — |
| 2025-05-23 | Capobianco David N | Sell | 1.9M | $75.25 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-24 | Shareholder vote | filing ↗ |
| 2026-05-06 | ResultsReg FDExhibits | filing ↗ |
| 2026-03-19 | Reg FD | filing ↗ |
| 2026-02-25 | ResultsReg FDExhibits | filing ↗ |
| 2025-11-25 | Material agreementDebt obligationExhibits | filing ↗ |
| 2025-11-19 | Material agreementResultsDebt obligationReg FDOtherExhibits | filing ↗ |
| 2025-11-19 | Reg FDOtherExhibits | filing ↗ |
| 2025-11-19 | Reg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-24 | 2026-06-18 | 0001193125-26-281133 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001193125-26-209491 ↗ |
| 8-K | 2026-05-06 | 2026-05-06 | 0001193125-26-209075 ↗ |
| 8-K | 2026-03-19 | 2026-03-19 | 0001193125-26-115164 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0001193125-26-072404 ↗ |
| 8-K | 2026-02-25 | 2026-02-25 | 0001193125-26-071867 ↗ |
| 8-K | 2025-11-25 | 2025-11-25 | 0001193125-25-297002 ↗ |
| 8-K | 2025-11-19 | 2025-11-19 | 0001193125-25-288213 ↗ |
| 8-K | 2025-11-19 | 2025-11-17 | 0001193125-25-286628 ↗ |
| 8-K | 2025-11-19 | 2025-11-18 | 0001193125-25-287019 ↗ |
| 10-Q | 2025-11-12 | 2025-09-30 | 0001193125-25-277992 ↗ |
| 8-K | 2025-11-12 | 2025-11-12 | 0001193125-25-277972 ↗ |