Added to YB: 2026-01-19
Pitch date: 2026-01-16
LB [bullish]
LandBridge Company LLC
+26.58%
current return
Author Info
Aurelion Research is a research analyst with a passion for markets, specializing in high‑conviction ideas across shipping, offshore drilling, and thematic equity research. Sign up for the newsletter.
Company Info
LandBridge Company LLC, together with its subsidiaries, owns and manages land and resources to support and enhance oil and natural gas development in the United States.
Market Cap
$2.0B
Pitch Price
$59.88
Price Target
85.40 (+13%)
Dividend
0.66%
EV/EBITDA
21.94
P/E
74.86
EV/Sales
14.47
Sector
Real Estate Management and Development
Category
growth
LandBridge: The Permian Power Monopoly
LB: Permian land monopoly w/ 270k surface acres generating 88% EBITDA margins. Rev mix shifting: surface use 67%, resources 25%, O&G royalties only 7%. Rev +180% while WTI -20% past 2yrs proves commodity insulation. Key: data center pipeline converting to long-term leases w/ inflation protection. Trading 26x '25E EBITDA vs peer TPL at 30x-40x. PT $85.40 by end '26 (30x multiple on $220M EBITDA), $139.30 by '30E. Catalysts: LOI conversion to leases, net debt elimination by '27, peer valuation convergence. Risks: Permian activity dependence, data center execution, WaterBridge counterparty concentration, regulatory water disposal limits.
Read full article (19 min)