Filing Flows › LandBridge (LB) › Q3 2026
LandBridge (LB) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
LandBridge (LB) reported revenue of $70.9M for the third quarter 2026 (Q3 2026), +39% from a year earlier and +6% from the quarter before. Operating margin was 68.1%, net earnings $13.0M (18.3% of revenue).
LandBridge, Q3 2026: revenue $70.9M (+40% year over year), operating margin 68.1%, net earnings $13.0M, operating cash flow $49.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $70.9M | +6% | +39% |
| Operating profit | $48.2M | +9% | +56% |
| Net earnings | $13.0M | +5% | +60% |
| Operating cash flow | $49.6M | +20% | +42% |
| Free cash flow | $49.0M | +22% | +45% |
What changed
Revenue was $70.9M in Q3 2026, up 39% year over year and up 6% from the previous quarter.
Operating profit was $48.2M, a 68.1% margin (up 7.3 points year over year). Of the extra revenue versus Q3 2025, 87% reached operating profit, above the 61% margin then. Total costs grew 14% against revenue growth of 39%. The fastest-growing cost line was Other operating costs (+65%). Net earnings were $13.0M, up 60% year over year. The effective tax rate was 11.3%.
Operating cash flow was $49.6M (up 42% year over year), 146% of net income including minority interests. Non-cash charges added back $4.6M of depreciation and amortization and $9.1M of share-based compensation. Capital expenditures of $577K left free cash flow of $49.0M.
Questions
What was LandBridge's revenue in the third quarter 2026?
LandBridge (LB) reported revenue of $70.9M for the third quarter 2026 (Q3 2026), +39% from a year earlier and +6% from the quarter before.
Was LandBridge profitable in the third quarter 2026?
Operating profit was $48.2M (68.1% of revenue) and net earnings $13.0M.
Source: LandBridge 10-Q on SEC EDGAR.