LandBridge (LB) EBITDA (2023 - 2026)
LandBridge's (LB) quarterly EBITDA came in at $29.2 million in Q1 2026, up 16.54% YoY from $25.0 million in Q1 2025, and down 14.37% on a QoQ basis from $34.1 million in Q4 2025.
LandBridge (LB) EBITDA (2023 - 2026) Analysis & Trends
LandBridge (LB) has 4 years of EBITDA data on file, last reported at $29.2 million in 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 slipped to $29.2 million in Q1 2026, from $34.1 million in the prior quarter.
- In the past five years, EBITDA ranged from a high of $45.3 million in Q2 2023 to a low of -$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 plunged 213.05% — and 2025, when it surged 869.09%.
- Tracing LB's EBITDA over 4 years: stood at $5.4 million in 2023, then surged by 232.21% 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 79.95 Bn | 75.87 Bn | 4.63 Bn | 4.31 Bn |
| 2 | Baker Hughes | 62.26 Bn | 46.53 Bn | 1.58 Bn | 859.00 Mn |
| 3 | Tenaris | 53.14 Bn | 44.12 Bn | 984.66 | 484,107.00 Bn |
| 4 | TechnipFMC | 30.70 Bn | 29.46 Bn | 1.40 Bn | -879.60 Mn |
| 5 | Halliburton | 29.75 Bn | 27.71 Bn | 2.10 Bn | 778.00 Mn |
| 6 | Nov | 7.28 Bn | 6.12 Bn | 521.00 Mn | 262.00 Mn |
| 7 | Weatherford International | 6.57 Bn | 5.43 Bn | 662.00 Mn | 107.00 Mn |
| 8 | Kodiak Gas Services | 5.74 Bn | 5.61 Bn | 246.76 Mn | 197.14 Mn |
| 9 | Archrock | 5.62 Bn | 5.62 Bn | 244.51 Mn | 204.54 Mn |
| 10 | LandBridge | 2.45 Bn | 2.41 Bn | 65.51 Mn | 44.16 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 44.16 Mn |
| 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 |