LandBridge carries an exceptional operating quality profile—free cash flow at 364% of net income, a Rule of 40 score of 73, and a perfect financial-health score—but earnings have missed estimates in three of the last four quarters with an average negative surprise of 24%, the stock carries a rich forward valuation at 29x earnings, and a weak momentum signal alongside high short interest suggest the market is not yet rewarding the underlying quality.
Thesis pillars
- Elite Cash Conversion Rule Of 40↓Deteriorating
- Persistent Earnings Misses↑Improving
- Dual Customer Geographic Concentration↓Deteriorating
- +1 more pillar — see the Why tab for full reasoning
LandBridge Company LLC (LB) Stock Analysis
Breakout setup
Energy · Oil & Gas Equipment & Services
Sell if holding. Engine safety override at $76.32: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 6.2/10. Specifically: High short interest: 14%; Rich valuation.
LandBridge owns or manages more than 315,000 surface acres in the Delaware Basin sub-region of the Permian Basin (Texas and New Mexico), generating revenue from surface-use royalties, resource sales (brackish water, sand, caliche), and oil and gas royalties paid by E&P companies... Read more
Sell if holding. Engine safety override at $76.32: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 6.2/10. Specifically: High short interest: 14%; Rich valuation. Chart setup: Golden cross, above all MAs, RSI 49, MACD bullish. Score 6.2/10, moderate confidence.
Passes 7/8 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 89d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
Recent developments
updated 2026-08-13Recent Developments — LandBridge Company LLC
Latest news
- NEWS LB Q1 2026 Earnings: EPS Misses Estimates by Nearly 20% Despite Minor Share Uptick - Earnings Miss Alert - dars.gov.et — dars.gov.et negative
- NEWS LB Pharmaceuticals (NASDAQ:LBRX) Stock Price Up 8.2% - What's Next? - MarketBeat — MarketBeat positive
- NEWS LandBridge (LB) Expected to Release Quarterly Earnings on Wednesday - MarketBeat — MarketBeat neutral
- NEWS LB Pharmaceuticals Prices ~$150 Million Private Placement of Stock and Pre-Funded Warrants - TradingView — TradingView neutral
- NEWS LB Pharmaceuticals Announces $150 Million Private Placement - globenewswire.com — globenewswire.com neutral
Generated 2026-08-14T15:42:35Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHCustomertop ten customers73%10-K Item 1A: 'our top ten customers represented 73% of our total revenues'
- MEDIUMCustomerWaterBridge10-K Item 1A: 'a significant portion of our revenues is derived from WaterBridge'
- HIGHGeographicPermian Basin10-K Item 1A: 'Our acreage is located in the Permian Basin in Texas and New Mexico making us vulnerable to risks associated with geographic concentration in that basin'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
2 floor-breakers·1 ceiling hit
Priced at a premium — multiples above sector norms. Needs delivery on growth + margins to justify.static
Volatile — 5.8% daily ATR makes tight stops impractical. Position-size conservatively.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $76.32: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 6.2/10. Specifically: High short interest: 14%; Rich valuation. Chart setup: Golden cross, above all MAs, RSI 49, MACD bullish. Prior stop was $70.98. Score 6.2/10, moderate confidence.
Take-profit target: $86.24 (-4.7% upside). Prior stop was $70.98. Stop-loss: $70.98.
Concentration risk — Customer: top ten customers (73.0%); Concentration risk — Geographic: Permian Basin; Target reached (-4.7% upside).
LandBridge Company LLC trades at a P/E of 74.9 (forward 36.2). TrendMatrix value score: 2.4/10. Verdict: Sell.
16 analysts cover LB with a consensus score of 3.9/5. Average price target: $84.
What does LandBridge Company LLC do?LandBridge owns or manages more than 315,000 surface acres in the Delaware Basin sub-region of the Permian Basin (Texas...
LandBridge owns or manages more than 315,000 surface acres in the Delaware Basin sub-region of the Permian Basin (Texas and New Mexico), generating revenue from surface-use royalties, resource sales (brackish water, sand, caliche), and oil and gas royalties paid by E&P companies and midstream operators. Total revenues were $199.1 million in 2025 with Adjusted EBITDA of $177.2 million; customers bear substantially all capital expenditures, keeping LandBridge's own capex at $4.2 million.