LandBridge (LB) Operating Income (2023 - 2026)

LandBridge (LB) posted Operating Income 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) Operating Income (2023 - 2026) Analysis & Trends

LandBridge's Operating Income history runs 4 years deep, the most recent figure standing at $29.2 million for Q1 2026.

  • Quarterly Operating Income 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.
  • Operating Income was $29.2 million for Q1 2026 at LandBridge, down from $34.1 million in the prior quarter.
  • Across five years, Operating Income 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 Operating Income.
  • Annual changes were most pronounced in 2024 — Operating Income tumbled 213.05% — and 2025, when it surged 869.09%.
  • LandBridge's Operating Income 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 Operating Income 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) Op. Inc (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
DateValue
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