LandBridge reports 16% Q1 revenue growth, raises full-year guidance, signs 2 GW data center deal

Filed May 6, 2026 · Period ending May 6, 2026 · ~1 min read

Key Changes

• high

  Q1 2026 revenues of $51.0 million and net income of $17.9 million, both up 16% year-over-year; raised full-year Adjusted EBITDA guidance to $210-230 million (24% growth at midpoint) citing increased commercial pipeline visibility.

  Exhibit 99.1 verify on EDGAR →
• high

  Entered lease development agreement with PowerBridge LLC for up to 3,400 acres in Reeves County, Texas for giga-scale data center campus with up to 2 GW of initial co-located power generation (Alpha Digital Campus).

  Exhibit 99.1 verify on EDGAR →
• high

  Acquired approximately 5,700 acres year-to-date through bolt-on acquisitions, expanding total surface acreage to over 320,000 acres and enhancing contiguous position for digital infrastructure and commercial opportunities.

  Exhibit 99.1 verify on EDGAR →