LandBridge (LB) EBITDA (2023 - 2026)
LandBridge (LB) posted EBITDA of $29.2 million for Q1 2026, down 14.37% on a QoQ basis from $34.1 million in Q4 2025, and up 16.54% year-over-year from $25.0 million in Q1 2025.
LandBridge (LB) EBITDA (2023 - 2026) Analysis & Trends
LandBridge's EBITDA history runs 4 years deep, the most recent figure standing at $29.2 million for Q1 2026.
- Quarterly EBITDA rose 16.54% year-over-year to $29.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $122.6 million (up 2556.24% YoY) and the FY2025 annual result came in at $118.5 million, up 817.75% from the prior year.
- EBITDA was $29.2 million for Q1 2026 at LandBridge, down from $34.1 million in the prior quarter.
- Across five years, EBITDA topped out at $45.3 million in Q2 2023 and bottomed at -$51.2 million in Q2 2024.
- A 4-year average of $16.8 million and a median of $22.1 million in 2023 frame the typical range for EBITDA.
- Annual changes were most pronounced in 2024 — EBITDA tumbled 213.05% — and 2025, when it surged 869.09%.
- LandBridge's EBITDA stood at $5.4 million in 2023, then jumped by 232.21% to $18.0 million in 2024, then surged by 89.11% to $34.1 million in 2025, then fell by 14.37% to $29.2 million in 2026.
- Business Quant data shows LB's EBITDA at $29.2 million in Q1 2026, $34.1 million in Q4 2025, and $30.9 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 78.08 Bn | 74.69 Bn | 5.38 Bn | 5.12 Bn |
| 2 | Tenaris | 58.18 Bn | 46.31 Bn | 1.05 Bn | 1.52 Bn |
| 3 | TechnipFMC | 30.64 Bn | 29.36 Bn | 1.64 Bn | 361.80 Mn |
| 4 | Halliburton | 27.87 Bn | 25.86 Bn | 2.04 Bn | 679.00 Mn |
| 5 | Nov | 7.48 Bn | 6.14 Bn | 379.00 Mn | 119.00 Mn |
| 6 | Weatherford International | 6.35 Bn | 5.21 Bn | 776.00 Mn | 107.00 Mn |
| 7 | Archrock | 6.34 Bn | 6.34 Bn | 247.42 Mn | 202.06 Mn |
| 8 | Oceaneering International | 5.28 Bn | 4.67 Bn | 127.27 Mn | 57.79 Mn |
| 9 | Kodiak Gas Services | 5.09 Bn | 4.99 Bn | 222.88 Mn | 106.81 Mn |
| 10 | LandBridge | 2.14 Bn | 2.11 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 | 25.04 Mn |
| Dec 31, 2024 | 18.02 Mn |
| Sep 30, 2024 | 3.19 Mn |
| Jun 30, 2024 | -51.24 Mn |
| Mar 31, 2024 | 13.52 Mn |
| Dec 31, 2023 | 5.42 Mn |
| Sep 30, 2023 | 19.10 Mn |
| Jun 30, 2023 | 45.32 Mn |