LB
LandBridge Company LLC
NYSE: LB · ENERGY · OIL & GAS EQUIPMENT & SERVICES
$67.24
-5.37% today
Updated 2026-06-05
Market cap
$5.34B
P/E ratio
72.18
P/S ratio
25.89x
EPS (TTM)
$0.96
Dividend yield
0.62%
52W range
$44 – $85
Volume
0.3M
LandBridge Company LLC (LB) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed LB price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$67.24
Today
Analyst consensus
$76.17
+13.28% · 12M
2030 Base
$741.90
+1003.36% future
NPV today
$478.11
@ 10% WACC
9 analysts:
2 Buy5 Hold2 Sell
Management guidance
LandBridge raised FY2026 Adjusted EBITDA guidance following strong Q1 2026 results (revenue up 16% YoY to $51M quarterly run-rate). CEO Jason Long emphasized 'high-margin growth strategy' via land acquisitions, pore space expansion, and data center development (PowerBridge 2 GW campus). Management has not provided explicit 2030 revenue targets, but Q1 guidance raise and 1918 Ranch acquisition (projected $20M EBITDA add in 2026) signal confidence in 25-30%+ annual growth through 2027-2028.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
LB · LandBridge Company LLC · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$379.47
NPV today: $244.54
Base case (2030)
$741.90
NPV today: $478.11
Bull case (2030)
$1,415.00
NPV today: $911.88
WallStSmart.com
LB financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $0.2B | $0.3B | $0.6B | $0.8B | $1.1B | $1.5B |
| Revenue growth | 81.1% | 31.0% | 35.2% | 30.1% | 27.4% | 19.8% |
| Net margin | — | 16.9% | 15.2% | 13.7% | 11.9% | 10.6% |
| EPS | $1.04 | $2.10 | $2.95 | $3.85 | $4.75 | $5.50 |
| Diluted shares | — | 28M | 28M | 29M | 29M | 29M |
| Net debt | — | $297.78M | $189.00M | $30.77M | $-196.69M | $-493.37M |
| P/S multiple | — | 14.0x | 14.0x | 14.0x | 14.0x | 14.0x |
| Implied price (base) | — | $163.84 | $265.01 | $390.95 | $566.46 | $741.90 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $1.5B | $1.5B | $1.5B |
| P/S multiple | 7.0x | 14.0x | 27.0x |
| Diluted shares | 29M | 29M | 29M |
| Net debt | $-493.37M | $-493.37M | $-493.37M |
| Implied P/E † | 69x | 135x | 257x |
| 2030 Price | $379.47 | $741.90 | $1,415.00 |
| NPV @ 10% | $244.54 | $478.11 | $911.88 |
† Implied P/E: Multiples remain elevated across all three scenarios because LB is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $741.90 base case
LB catalysts and risks
Growth catalysts
+ PowerBridge data center campus (2 GW) lease development — high-margin recurring revenue from hyperscaler customers
+ Pore space/produced water infrastructure expansion (69% of current revenue) — long-term contracted cash flows; 1918 Ranch adds $20M EBITDA in 2026
+ Permian Basin land portfolio growth and AI/data center real estate monetization — leverages existing acreage for power/cooling infrastructure
+ Dividend growth and $50M share buyback authorization — signals management confidence and capital return to shareholders
+ Potential Permian water infrastructure consolidation — industry TAM for produced water disposal growing as basin production scales
Key risks
- Extreme valuation (P/E 69x, P/S 28x) — stock has no margin of safety; sentiment reversal could trigger sharp correction
- Dependency on Permian Basin commodity prices and production rates — if oil/gas production falls or capex slows, revenue decelerates sharply
- Data center/AI thesis unproven at scale — PowerBridge deal is early-stage; execution risk on multi-year build-out and customer commitments
- High leverage post-$500M senior notes offering — Debt/Eq 1.55x; rising rates or covenant pressure could constrain growth capex
- Analyst downgrade trend — Janney downgraded Buy→Neutral Nov 2025; Raymond James downgraded Moderate Buy→Strong Sell Dec 2025; mixed sentiment despite growth
- Mean reversion bias — at $250M+ revenue with 15-20% margins, consensus 17% growth in 2028 may be understated, but valuation suggests market has already priced in much higher scenario
Methodology · LandBridge Company LLC 2030 stock forecast model
LandBridge Company LLC 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 9 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (4% cumulative for LB by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($-493.37M by 2030) |
| 3. Time value | NPV calculated using 10% WACC (sector fallback) |
| 4. Multiple framework | P/S compresses with scale: bear 7.0x / base 14.0x / bull 27.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 21, 2026.
LB price target FAQ
What is the LB price target for 2030?
WallStSmart's LandBridge Company LLC 2030 base case is $741.90 per share, with a bull case of $1,415.00 and bear case of $379.47. The NPV of the base case discounted to today at 10% WACC is $478.11.
How is the LandBridge Company LLC 2030 stock forecast calculated?
The LB 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the LB price target account for dilution?
LandBridge Company LLC is projected to grow diluted share count from 28M to 29M by 2030 (a 4% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 4%.
What is the analyst consensus on LB stock?
9 analysts cover LB with an average 12-month price target of $76.17. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.