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HOUSTON - LandBridge Company LLC (NYSE:LB) announced Thursday it will dual list its Class A shares on NYSE Texas, Inc., a newly-launched electronic equities exchange headquartered in Dallas, effective Friday, August 15. The $1.32 billion market cap company has demonstrated strong financial health, according to InvestingPro analysis, and currently appears undervalued based on its Fair Value assessment.
The company will maintain its primary listing on the New York Stock Exchange while trading under the same LB ticker symbol on NYSE Texas, according to a press release statement.
LandBridge, which owns approximately 277,000 surface acres across Texas and New Mexico, primarily in the Delaware sub-region of the Permian Basin, will join the new exchange as a Founding Member.
"LandBridge takes great pride in our deep Texas heritage, which includes extensive surface acreage in the Delaware Basin in West Texas and our Houston and Midland offices," said Jason Long, Chief Executive Officer of LandBridge. Despite a recent 25% decline over the past six months, the stock has delivered a robust 55% return over the last year. For detailed analysis and additional insights, investors can access the comprehensive Pro Research Report available on InvestingPro.
Chris Taylor, Chief Development Officer of NYSE Group, noted that "LandBridge is a vital steward of land and resource management in Texas."
The company actively manages its land to support energy and infrastructure development, including digital infrastructure projects. LandBridge was formed by Five Point Infrastructure LLC, a private equity firm that invests in energy, environmental water management, and sustainable infrastructure companies within the Permian Basin.
NYSE Texas is a fully electronic equities exchange that recently launched operations in the state.
In other recent news, LandBridge Co LLC reported a substantial rise in revenue for the second quarter of 2025, achieving $47.5 million, marking an 83% increase compared to the previous year. Despite this impressive revenue growth, the company’s earnings per share (EPS) were $0.24, which fell short of analyst expectations. This earnings miss has raised concerns among investors. Additionally, the stock experienced a decline in after-hours trading, although specific price movements are not detailed here. These developments highlight the mixed reactions from the market regarding LandBridge’s financial performance. Investors and analysts will likely continue to monitor the company’s future earnings reports closely.
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