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HOUSTON - LandBridge Company LLC (NYSE:LB), a $4 billion market cap company with strong financial health according to InvestingPro analysis, announced Tuesday it has entered into a strategic agreement with NRG Energy, Inc. regarding a potential data center site in Reeves County, Texas, located in the Delaware Basin.
The agreement outlines plans for a possible 1,100 MW grid-connected natural gas power generation facility that NRG could build if a power purchase agreement for a data center is secured. According to the press release statement, initial air permit applications and electric interconnection requests have been submitted, which could allow operations to begin as early as year-end 2029 if the project proceeds.
The site is situated adjacent to the Waha Gas market hub, providing access to existing natural gas and transmission infrastructure that could support regional development.
"The collaboration further advances our powered land strategy," said Jason Long, Chief Executive Officer of LandBridge, in the press release.
Robert J. Gaudette, Executive Vice President and President of NRG Business and Wholesale Operations, stated, "Once anchored by a long-term customer, the site has the potential to foster innovation and support data center growth, economic resilience, and grid stability in the region."
LandBridge owns approximately 277,000 surface acres across Texas and New Mexico, primarily in the Delaware sub-region of the Permian Basin. The company manages its land to support energy and infrastructure development, including digital infrastructure. With a robust current ratio of 4.26 and impressive revenue growth of 95% over the last twelve months, LandBridge demonstrates strong operational efficiency. InvestingPro analysis indicates the stock is currently trading below its Fair Value.
The agreement represents a preliminary step, as the development of the power facility remains contingent on securing a data center customer for a power purchase agreement and obtaining necessary approvals. For deeper insights into LandBridge’s financial outlook and growth potential, investors can access comprehensive analysis and 12 additional ProTips through InvestingPro’s detailed research reports.
In other recent news, LandBridge Company LLC reported a notable surge in revenue for the second quarter of 2025, reaching $47.5 million, marking an 83% increase compared to the same period last year. Despite this impressive revenue growth, the company’s earnings per share (EPS) was reported at $0.24, falling short of analysts’ expectations. Additionally, LandBridge announced plans to dual list its Class A shares on the newly launched NYSE Texas exchange, headquartered in Dallas. This move will see the company maintaining its primary listing on the New York Stock Exchange while trading under the same ticker symbol on NYSE Texas. These developments come as investors continue to assess the company’s financial performance and strategic decisions. The dual listing is expected to provide LandBridge with increased visibility and potentially broader investor access. While the earnings miss has raised some concerns, the company’s revenue growth remains a key highlight. Analysts and investors will be closely monitoring how these recent developments impact the company’s future performance.
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