Filing Flows › LandBridge (LB) › Q2 2026 › vs Q1 2026
LandBridge (LB) Q2 2026 vs Q1 2026 (quarter over quarter)
LandBridge's revenue rose $15.8M (+31%) from $51.0M in Q1 2026 to $66.8M in Q2 2026. Operating margin 66.1% against 57.2% (+8.9 pts).
LandBridge, Q2 2026: revenue $66.8M (+41% year over year), operating margin 66.1%, net earnings $12.3M, operating cash flow $41.4M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 66.1% | 57.2% | +8.9 pts |
| Net margin | 18.4% | 17.1% | +1.3 pts |
| Free cash flow margin | 60.2% | 80.3% | -20.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $66.8M | $51.0M | $15.8M | +31% |
| Operating profit | $44.2M | $29.2M | $15.0M | +51% |
| Costs & expenses | $22.7M | $21.8M | $855K | +4% |
| Pre-tax earnings | $35.0M | $19.7M | $15.3M | +78% |
| Other expense, net | $9.2M | $9.5M | −$314K | -3% |
| General & admin | $15.9M | $15.7M | $174K | +1% |
| Other operating costs | $6.8M | $6.1M | $681K | +11% |
| Net earnings | $12.3M | $8.7M | $3.6M | +41% |
| Minority interests | $18.8M | $9.2M | $9.6M | +105% |
| Income tax | $3.9M | $1.8M | $2.1M | +118% |
| Depreciation & amortization | $4.4M | $4.4M | −$51K | -1% |
| Share-based compensation | $11.2M | $11.3M | −$24K | -0.2% |
| Working capital & other | $13.5M | $16.7M | −$3.2M | -19% |
| Operating cash flow | $41.4M | $41.1M | $251K | +0.6% |
| Free cash flow (OCF − capex) | $40.2M | $40.9M | −$700K | -2% |
| Capital expenditures | $1.1M | $180K | $951K | +528% |
Questions
How much did LandBridge's revenue grow quarter over quarter in Q2 2026?
LandBridge's revenue rose $15.8M (+31%) from $51.0M in Q1 2026 to $66.8M in Q2 2026. Operating margin 66.1% against 57.2% (+8.9 pts).