LB · LandBridge
AI read · Good for LB
The AI's read
More produced-water handling is bringing in higher payments, and recent purchases are expected to add to results from the fourth quarter. Alpha has begun construction, but its first power is not expected until the fourth quarter of 2027. The land purchases cost about 10 times EBITDA, so lowering that cost depends on future development. Current growth and the raised full-year forecast make the update favorable despite the wait and work still required.