LandBridge Reports Record Q3 2026 Results and Raises Full-Year EBITDA Guidance
LandBridge Corporation (LB) delivered strong third-quarter 2026 financial results, reporting revenue of $70.9 million, a 39% increase year-over-year. The company's adjusted EBITDA rose 42% to $63.7 million, maintaining an impressive 90% margin. Driven by organic expansion and recent acquisitions, management raised its full-year 2026 adjusted EBITDA guidance to a range of $220 million to $235 million. Strategic growth was highlighted by the acquisition of 25,000 surface acres in the Delaware Basin for approximately $266.8 million and the commencement of construction on Phase 1 of the Alpha Digital Campus, a planned 2-gigawatt powered data center project. While total debt increased to $765 million to fund these acquisitions, the company maintains significant liquidity and continues its focus on diversifying fee-based revenue through pore space modernization and digital infrastructure.
Tickers: $LB
Topics: acquisitions EBITDA free cash flow guidance upgrade revenue growth