Filing Flows › LandBridge (LB) › Q2 2026
LandBridge (LB) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
LandBridge (LB) reported revenue of $66.8M for the second quarter 2026 (Q2 2026), +41% from a year earlier and +31% from the quarter before. Operating margin was 66.1%, net earnings $12.3M (18.4% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $66.8M | +31% | +41% |
| Operating profit | $44.2M | +51% | +55% |
| Net earnings | $12.3M | +41% | +64% |
| Operating cash flow | $41.4M | +0.6% | +11% |
| Free cash flow | $40.2M | -2% | +11% |
What changed
Revenue was $66.8M in Q2 2026, up 41% year over year and up 31% from the previous quarter.
Operating profit was $44.2M, a 66.1% margin (up 6.1 points year over year). Of the extra revenue versus Q2 2025, 81% reached operating profit, above the 60% margin then. Total costs grew 19% against revenue growth of 41%. The fastest-growing cost line was Other operating costs (+60%). Net earnings were $12.3M, up 64% year over year. The effective tax rate was 11.2%.
Operating cash flow was $41.4M (up 11% year over year), 133% of net income including minority interests. Non-cash charges added back $4.4M of depreciation and amortization and $11.2M of share-based compensation. Working capital and other items used $5.3M. Capital expenditures of $1.1M left free cash flow of $40.2M.
Questions
What was LandBridge's revenue in the second quarter 2026?
LandBridge (LB) reported revenue of $66.8M for the second quarter 2026 (Q2 2026), +41% from a year earlier and +31% from the quarter before.
Was LandBridge profitable in the second quarter 2026?
Operating profit was $44.2M (66.1% of revenue) and net earnings $12.3M.
Source: LandBridge 10-Q on SEC EDGAR.