LandBridge Co LLC: directors' dealings · United States · SEC (Form 4)

About LandBridge Co LLC

LandBridge Co LLC (NYSE: LB) is a U.S.-listed active land management company focused on owning, managing, and monetizing strategically located surface acreage in the Delaware Basin, part of the Permian Basin. For French-speaking investors, the key point is that LandBridge is not a traditional E&P operator; it is better understood as a land-and-rights platform that captures value from industrial activity tied to energy, power, water, and infrastructure. The company is headquartered in Houston, Texas, United States, and was formed in 2021. Its formative transaction was completed in October 2021 with the acquisition of Hanging H Ranch. Since then, LandBridge has assembled a portfolio of more than 315,000 cumulative surface acres across counties in Texas and New Mexico, including Loving, Winkler, Reeves, Pecos, and Andrews counties in Texas and Lea County in New Mexico. The company came public on July 1, 2024 and trades on the NYSE under the ticker LB, with an additional listing on NYSE Texas. It was originally formed with the backing of Five Point Infrastructure, a private equity sponsor with a track record in energy, environmental water management, and sustainable infrastructure in the Permian. LandBridge’s business model is centered on turning land into recurring cash flow through surface use royalties, easements, leases, access agreements, and other fee-based arrangements. The company’s acreage supports a broad set of end uses: conventional and alternative energy development, power infrastructure, energy storage, waste management, site remediation, and, increasingly, digital infrastructure such as data centers. Management also highlights water-related opportunities, including produced-water handling, recycling hubs, and beneficial reuse projects. This creates a relatively asset-light, high-margin profile compared with many energy peers, because LandBridge is monetizing location, connectivity, and control of surface rights rather than deploying large amounts of capital into drilling or industrial assets. Its competitive advantage comes from the scale and contiguity of its acreage, its position in one of the most active U.S. energy basins, and its ability to partner with operators that need surface access, water solutions, and long-duration development sites. Recent developments have reinforced the growth narrative. In its February 2026 year-end update, LandBridge reported strong 2025 growth and guided to full-year 2026 EBITDA of $205 million to $225 million. The company also increased its quarterly dividend by 20% to $0.12 per share and authorized a $50 million share repurchase program. Another important strategic milestone came in January 2026, when LandBridge announced an agreement with PowerBridge to develop a large data-center campus in Reeves County, Texas, with up to 2 GW of initial co-located power generation under development. That announcement is important because it shows LandBridge expanding from a basin land manager into a broader infrastructure-enabling platform. Overall, LandBridge stands out as a niche Energy-sector name with scarce land assets, recurring fee-based revenues, and multiple optionality layers tied to the Permian Basin’s long-term industrialization.