What is the 13F Pro Quality Score for LB?

13F Pro ranks LandBridge Co LLC (LB) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View LB's current score at https://13fpro.ai/company/LB (free sign-up required for the full ranking).

Which hedge funds own the most LB stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of LB include FIRST MANHATTAN CO., HORIZON KINETICS ASSET MANAGEMENT, FMR. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/LB as soon as new 13F filings post.

Where does 13F Pro source LB data?

All LandBridge Co LLC fundamentals and ownership data come directly from SEC EDGAR. LandBridge Co LLC files with the SEC under CIK 1995807. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is LB in?

LandBridge Co LLC (LB) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

What drives LB's revenue?

Per LandBridge Co LLC's latest 10-Q filed with the SEC on 2026-08-06, the biggest revenue drivers are: Easements and other surface-related revenues ($26.6M, +52% YoY); Surface use royalties ($25.6M, +53% YoY); Resource sales ($6.3M, +11% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/LB.

What are LB's largest expenses?

LandBridge Co LLC's latest 10-Q reports these as the largest expense items: General and administrative expense ($15.9M, +7% YoY); Interest expense, net ($9.2M, +17% YoY); Depreciation, depletion and amortization ($4.4M, +72% YoY). Sourced directly from SEC EDGAR filing text for Q2 FY2026 (quarter ended June 30, 2026).

How often is LB research updated on 13F Pro?

LB's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

LandBridge Co LLC(LB)Stock Analysis

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SEC EDGAR: CIK 1995807 LB stock profile & AI dashboard →

13F Pro Quality Score

63.1/100

Rank #659 of 2,962 stocksTOP 25%

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

95.1/100

Profitability

66.8/100

Balance Sheet

59.8/100

Earnings Quality

92.2/100

Free Cash Flow

97.9/100

Institutional Flow

73.3/100

Revenue Scale

25.3/100

Dilution Risk

8.0/100

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Why LB Scores 63/100

exact factor attribution · 2026-09-11

LB's composite is driven by revenue growth and free cash flow, held back by scale and shareholder dilution. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Revenue growth

+12.0 pts

95th pct

Free cash flow

+7.2 pts

98th pct

Earnings quality

+4.2 pts

92th pct

Profitability

+3.4 pts

67th pct

Earnings growth

+2.6 pts

90th pct

Institutional flow

+1.6 pts

73th pct

Capital efficiency

+1.3 pts

60th pct

Shareholder dilution

-2.8 pts

8th pct

Scale

-4.9 pts

25th pct

Latest change (2026-08-06): 63 → 65 · ↑ Earnings growth 5→50; despite ↓ Revenue growth 96→88

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

LB Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for LandBridge Co LLC (LB), a Financials sector company. 13F Pro's AI-powered ranking engine scores LB at 63.1/100 on a 32-signal composite quality model, placing it at rank #659 of 2,962 stocks — the top 25% of the AI-ranked universe. LB scores in the top quartile across free cash flow (97.9), revenue growth (95.1), earnings quality (92.2). Areas of concern include revenue scale (25.3), which score below median versus the broader universe. Shareholder dilution risk is elevated at 8.0/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), LandBridge Co LLC reports quarterly revenue of $66.8M, net income of $12.3M, an operating margin of 66.1%. Top institutional holders of LB by reported 13-F value include FIRST MANHATTAN, HORIZON KINETICS ASSET MANAGEMENT, FMR, based on the most recent SEC filings. LB trades on the NYSE exchange and files with the SEC under CIK 1995807. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate LB daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for LandBridge Co LLC directly from SEC EDGAR. LandBridge Co LLC's 13F Pro composite quality score has ranged between 34 and 68 since 2025, currently 63.1 — an improving long-term trajectory across 52 quarterly and live scoring snapshots.

✦

Fun facts about LandBridge Co LLC

Quirks, history, and lore behind LB — the kind of stuff that makes a stock memorable.

1
The Basics
A U.S. real estate and land company · listed on the NYSE · headquartered in Houston, Texas · operating in the energy corridor of the American Southwest.
2
The Numbers
The company owns or controls hundreds of thousands of acres of surface land, monetizing it through royalties, easements, and surface use agreements rather than drilling itself.
3
The History
Its land holdings trace back to legacy oil and gas infrastructure corridors in the Permian Basin region — prime real estate for pipelines, power lines, and industrial users who need to cross it.
4
The Secret
It doesn't pump a drop of oil — it simply owns the ground beneath energy infrastructure and collects fees every time someone needs to use, cross, or build on its land.
5
The Lore
Think of it as the toll road of the Texas energy patch: pipelines, solar farms, data centers, and fiber lines all pay to sit on its acreage, making it a quiet but steady cash-flow machine.
6
The Giveaway
Its name literally tells you what it does: it bridges capital markets to land in the Delaware and Permian Basins, and its two-letter ticker doubles as a familiar clothing store abbreviation.

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What's Driving LB's Business? Latest 10-Q Breakdown

✓ 30/30 datapoints verified

AI-extracted from LandBridge Co LLC's 10-Q filed 2026-08-06 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

LandBridge grew Q2 FY2026 revenue 41% YoY to $66.8M, driven by surface royalties and easements tied to acquired Permian acreage, while net income rose 68% to $31.0M.

Biggest Revenue Drivers

Easements and other surface-related revenues$26.6M+52% YoY

Driven by oil and gas gathering/transportation pipelines and produced water handling infrastructure ($10.8M), partly offset by a $2.6M industrial waste facility expansion fee in the prior-year quarter.

Surface use royalties$25.6M+53% YoY

Increased produced water handling and skim oil royalties, with handling volume up ~622 MBbl/d from the Wolf Bone Ranch and 1918 acquisitions plus organic growth.

Biggest Revenue Drivers

Total revenue: $66.8M+41% YoY

Easements and other surface-related revenues$26.6M+52% YoY

Surface use royalties$25.6M+53% YoY

Increased produced water handling and skim oil royalties, with handling volume up ~622 MBbl/d from the Wolf Bone Ranch and 1918 acquisitions plus organic growth.

Resource sales$6.3M+11% YoY

Caliche sales up $1.1M on nearby infrastructure construction, partly offset by lower brackish water sales as volumes fell 17%.

Resource royalties$4.8M-3% YoY

Oil and gas royalties$3.6M+31% YoY

Higher realized oil and condensate prices added $1.0M, partly offset by $0.2M from natural production decline.

Largest Expense Items

General and administrative expense$15.9M+7% YoY

Higher WaterBridge shared-services allocation ($0.4M), professional fees for commercial opportunities ($0.4M), and incremental headcount ($0.2M).

Interest expense, net$9.2M+17% YoY

Higher weighted average debt balance, partly offset by a lower weighted average rate on the Notes and revolving credit facility.

Depreciation, depletion and amortization$4.4M+72% YoY

Amortization of intangible assets acquired in the 1918 Acquisition.

Income tax expense$3.9M+82% YoY

Higher taxable income, with the effective tax rate relatively consistent.

Margins: Net income margin expanded to 46% from 39% and Adjusted EBITDA margin held flat at 89%, but operating cash flow and Free Cash Flow margins fell (62% and 60%) due to a $16.1M semi-annual interest payment on the senior notes.

Watch Items from the Filing

Related-party revenue (WaterBridge affiliate agreements) totaled $21.1M, about 32% of Q2 total revenue, concentrating cash flows with one affiliated counterparty.
Brackish water sales volume fell 17% YoY to 9.5 million barrels, offset only by an 8% per-unit price increase from customer mix.
Board formed a special committee and approved converting from a Delaware LLC to a Texas corporation, primarily to pursue index eligibility, expected to close Q3 2026.
Post-quarter, revolving credit facility commitments were upsized from $275M to $375M with a 0.25% reduction in applicable margins, adding liquidity at lower cost.
Company reliance on a limited number of customers and a single Delaware Basin region for substantially all revenue remains a stated risk factor.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$66.8M

Net Income

Q2 2026

$12.3M

Free Cash Flow

Q2 2026

$40.2M

Operating Margin

Q2 2026

66.1%

ROIC

Q2 2026

19.8%

D/E Ratio

Q2 2026

1.51

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+81.1% YoY

$199.1MFY 2025

FY22 —FY23 $72.9MFY24 $110.0MFY25 $199.1M

Net Income

+489.6% YoY

$30.1MFY 2025

FY22 —FY23 —FY24 $5.1MFY25 $30.1M

Operating Income

+817.7% YoY

$118.5MFY 2025

FY22 —FY23 $70.0MFY24 $-16.5MFY25 $118.5M

EPS (Diluted)

+1242.9% YoY

$0.94FY 2025

FY22 —FY23 —FY24 $0.07FY25 $0.94

Total Assets

+32.3% YoY

$1.37BFY 2025

FY22 —FY23 $288.9MFY24 $1.03BFY25 $1.37B

Total Debt

+48.1% YoY

$571.4MFY 2025

FY22 —FY23 $128.7MFY24 $385.9MFY25 $571.4M

Op. Cash Flow

+86.7% YoY

$126.3MFY 2025

FY22 —FY23 $53.0MFY24 $67.6MFY25 $126.3M

Free Cash Flow

+83.1% YoY

$122.0MFY 2025

FY22 —FY23 $50.3MFY24 $66.7MFY25 $122.0M

Metric	FY 2025	FY 2024	FY 2023	FY 2022
Revenue	$199.1M +81.1%	$110.0M +50.9%	$72.9M	—
Net Income	$30.1M +489.6%	$5.1M	—	—
Operating Income	$118.5M +817.7%	$-16.5M -123.6%	$70.0M	—
EPS (Diluted)	$0.94 +1242.9%	$0.07	—	—
Total Assets	$1.37B +32.3%	$1.03B +257.3%	$288.9M	—
Total Debt	$571.4M +48.1%	$385.9M +199.9%	$128.7M	—
Operating Cash Flow	$126.3M +86.7%	$67.6M +27.5%	$53.0M	—
Free Cash Flow	$122.0M +83.1%	$66.7M +32.6%	$50.3M	—

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Available Research

13F Pro tracks comprehensive data for LandBridge Co LLC including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of LB

FIRST MANHATTAN CO. LLC.
$561.2M7,082,845 sh
HORIZON KINETICS ASSET MANAGEMENT LLC
$461.3M5,821,263 sh
FMR LLC
$140.7M1,775,450 sh
T. Rowe Price Investment Management, Inc.
$101.2M1,276,671 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$100.4M1,267,116 sh
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC
$97.9M1,235,265 sh
MORGAN STANLEY
$58.0M731,836 sh
SCHWARTZ INVESTMENT COUNSEL INC
$51.1M644,716 sh
Hood River Capital Management LLC
$47.0M592,619 sh
UBS Group AG
$45.5M573,587 sh

Fund	Value	Shares
FIRST MANHATTAN CO. LLC.	$561.2M	7,082,845
HORIZON KINETICS ASSET MANAGEMENT LLC	$461.3M	5,821,263
FMR LLC	$140.7M	1,775,450
T. Rowe Price Investment Management, Inc.	$101.2M	1,276,671
VANGUARD PORTFOLIO MANAGEMENT LLC	$100.4M	1,267,116
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC	$97.9M	1,235,265
MORGAN STANLEY	$58.0M	731,836
SCHWARTZ INVESTMENT COUNSEL INC	$51.1M	644,716
Hood River Capital Management LLC	$47.0M	592,619
UBS Group AG	$45.5M	573,587

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Is LB a good stock to buy?

13F Pro's AI-powered analysis of LandBridge Co LLC (LB) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for LB are available on the LB stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. LB is classified as a mid company.

Which hedge funds own LB?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling LB. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of LandBridge Co LLC's investment landscape.