LandBridge (LB) EBITDA (2023 - 2026)
LandBridge (LB) reported EBITDA of $29.2 million for Q1 2026, up 12.93% on a YoY basis from $25.8 million in Q1 2025, and down 14.37% quarter-over-quarter from $34.1 million in Q4 2025.
LandBridge (LB) EBITDA (2023 - 2026) Analysis & Trends
LandBridge has reported EBITDA for 4 years, with the latest figure at $29.2 million in Q1 2026.
- For the quarter ending Q1 2026, EBITDA rose 12.93% year-over-year to $29.2 million; the trailing twelve-month figure through Mar 2026 stood at $122.6 million (up 3024.87% YoY), and the FY2025 full-year result was $118.5 million, up 951.91% from the prior year.
- EBITDA for Q1 2026 stood at $29.2 million, down from $34.1 million in the prior quarter.
- The five-year high for EBITDA was $45.3 million in Q2 2023, with the low at -$51.2 million in Q4 2023.
- Historically, EBITDA has averaged $12.1 million across 4 years, with a median of $22.5 million in 2023.
- Annual changes were most pronounced in 2024 — EBITDA plunged 213.05% — and 2025, when it surged 869.09%.
- LandBridge's EBITDA stood at -$51.2 million in 2023, then jumped by 135.17% to $18.0 million in 2024, then soared by 89.11% to $34.1 million in 2025, then dropped by 14.37% to $29.2 million in 2026.
- The last three EBITDA figures came in at $29.2 million (Q1 2026), $34.1 million (Q4 2025), and $30.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 82.25 Bn | 80.04 Bn | 4.67 Bn | 4.41 Bn |
| 2 | Baker Hughes | 61.96 Bn | 47.38 Bn | 1.51 Bn | 782.00 Mn |
| 3 | Halliburton | 32.79 Bn | 30.84 Bn | 2.04 Bn | 679.00 Mn |
| 4 | TechnipFMC | 26.73 Bn | 25.47 Bn | 1.49 Bn | 361.80 Mn |
| 5 | Enerflex | 8.62 Bn | 8.57 Bn | - | -9.32 Mn |
| 6 | Nov | 7.27 Bn | 5.98 Bn | 119.00 Mn | 47.00 Mn |
| 7 | Weatherford International | 6.99 Bn | 5.94 Bn | 876.00 Mn | 123.00 Mn |
| 8 | Archrock | 5.95 Bn | 5.95 Bn | 247.42 Mn | 201.60 Mn |
| 9 | Kodiak Gas Services | 5.60 Bn | 5.50 Bn | 222.88 Mn | 171.11 Mn |
| 10 | LandBridge | 1.96 Bn | 2.39 Bn | 49.74 Mn | 29.18 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 29.18 Mn |
| Dec 31, 2025 | 34.08 Mn |
| Sep 30, 2025 | 30.89 Mn |
| Jun 30, 2025 | 28.50 Mn |
| Mar 31, 2025 | 25.84 Mn |
| Dec 31, 2024 | 18.02 Mn |
| Sep 30, 2024 | 3.19 Mn |
| Jun 30, 2024 | -51.24 Mn |
| Mar 31, 2024 | 14.12 Mn |
| Dec 31, 2023 | -51.24 Mn |
| Sep 30, 2023 | 19.10 Mn |
| Jun 30, 2023 | 45.32 Mn |