LandBridge Corp
LBEnergy·Oil & Gas E&P·USA·Mid·NYSE·Nov 13 • 7:20 AM ET
73.00+2.32 (3.28%)
2026-11-13 13:47 CET
Market cap
$5.62B
Revenue, TTM
245.51 USD m
Net income, TTM
41.29 USD m
Free cash flow, TTM
-322.70 USD m
EPS diluted, TTM
1.06
68.91
Price
LB against its 20, 50 and 200-day averagesPatternshover a marker to name it
20.4% under the 52-week high of 91.69 on 21 Aug 2026. 52-week low 43.75 on 8 Jan 2026. Last 15 sessions, 37.6% high to low
Volume 0.00× normal · the line is the 50-bar volume average
Setup. RS line 42
CANSLIM 4 of 6 — fails: 52-Week High/Low: 0-10% below High; Performance: Year +50%
VCP 3 of 6 — fails: 200-Day Simple Moving Average: Price above SMA200; 52-Week High/Low: 0-10% below High; Average True Range: Under 2
Minervini 1 of 4 — fails: 200-Day Simple Moving Average: Price above SMA200; 52-Week High/Low: 0-10% below High; Performance: Year +50%
Zanger 1 of 5 — fails: RSI (14): Not Oversold (>50); 20-Day High/Low: 0-5% below High; Relative Volume: Over 1.5; 200-Day Simple Moving Average: Price above SMA200
Leaders 0 of 5 — fails: 50-Day Simple Moving Average: Price above SMA50; 200-Day Simple Moving Average: Price above SMA200; Performance: Year +50%; Average Volume: Over 500K; 52-Week High/Low: 0-10% below High
Breakout 0 of 4 — fails: 52-Week High/Low: New High; Relative Volume: Over 2; 50-Day Simple Moving Average: Price above SMA50; 200-Day Simple Moving Average: Price above SMA200
Growth 3 of 4 — fails: Return on Equity: Over +15%
Quality 1 of 5 — fails: Return on Equity: Over +15%; Net Profit Margin: High (>20%); Debt/Equity: Low (<0.1); P/E: Under 25
Value 0 of 4 — fails: P/E: Under 15; P/B: Under 2; Return on Equity: Over +15%; Debt/Equity: Low (<0.1)
Income 0 of 4 — fails: Dividend Yield: Over 2%; Dividend Growth: Growing 2+ Years; Payout Ratio: Low (<20%); P/E: Under 25
Small Cap 1 of 4 — fails: Average Volume: Over 500K; 200-Day Simple Moving Average: Price above SMA200; Performance: Year +50%
Accumulation 1 of 4 — fails: Institutional Transactions: Over +10%; 200-Day Simple Moving Average: Price above SMA200; Performance: Year Up
Relative Strength 0 of 3 — fails: Performance: Year +100%; 200-Day Simple Moving Average: Price above SMA200; Average Volume: Over 500K
Profile
LB52-week range, 61% of the way up
43.7591.69
LandBridge Corp. engages in the ownership of land that is used for energy development and production. It holds ownership in project areas in the Delaware sub-basin in the prolific Permian Basin, which is the active region for oil and natural gas exploration and development in the United States. The company was founded on September 27, 2023 and is headquartered in Houston, TX.
| IPO | Jun 28, 2024 |
|---|---|
| Beta | 0.27 |
| ATR, 14d | 4.36 |
| Rel volume | 0.00 |
| Short float | 13.48% |
| Insider own | 1.08% |
| Inst own | 98.18% |
Snapshot
6 groupsValuation
| Index | - |
|---|---|
| Market Cap | $5.62B |
| Enterprise Value | 6.84B |
| Income | 41.29M |
| Sales | 245.51M |
| Book / share | 13.15 |
| Cash / share | 0.22 |
| Dividend Est. | 0.48 (0.66%) |
| Dividend TTM | 0.46 (0.63%) |
| Dividend Ex-Date | Nov 25, 2026 |
| Dividend Gr. 3/5Y | - - |
| Payout | 42.74% |
| Employees | - |
| IPO | Jun 28, 2024 |
Ratios
| Price / earnings | 68.91 |
|---|---|
| Forward price / earnings | 26.10 |
| Price / earnings / growth | 0.62 |
| Price / sales | 22.90 |
| Price / book | 5.55 |
| Price / cash | 335.24 |
| Price / free cash flow | - |
| Value / cash profit | 38.34 |
| Value / sales | 27.85 |
| Quick Ratio | 2.75 |
| Current Ratio | 2.75 |
| Debt / equity | 1.94 |
| Long-term debt / equity | 1.94 |
| Options and short | Yes / Yes |
Earnings
| Earnings / share | 1.06 |
|---|---|
| Earnings next year | 2.80 |
| Earnings next quarter | 0.54 |
| Earnings this year | 26.54% |
| Earnings next year | 61.45% |
| Earnings growth, 5 years | 42.09% |
| Past earnings growth | - - |
| Past sales growth | 56.67% - |
| Earnings vs last year | 48.82% |
| Sales vs last year | 37.30% |
| Earnings vs last quarter | 66.83% |
| Sales vs last quarter | 39.46% |
| Earnings | Nov 04 AMC |
| Surprise | -16.24% 7.51% |
Ownership
| Insiders own | 1.08% |
|---|---|
| Insider trades | -75.04% |
| Institutions own | 98.18% |
| Institution trades | 1.11% |
| Return on assets | 3.03% |
| Return on equity | 12.48% |
| Return on capital | 3.60% |
| Gross Margin | 89.62% |
| Operating margin | 65.67% |
| Profit Margin | 16.82% |
| 20-day average | -3.08% |
| 50-day average | -9.79% |
| 200-day average | -1.39% |
Technical
| Shares out | 29.65M |
|---|---|
| Shares floating | 29.33M |
| Short / float | 13.48% |
| Short ratio | 12.23 |
| Short interest | 3.95M |
| 52-week high | 91.69 -20.4% |
| 52-week low | 43.75 +66.9% |
| Volatility | 7.21% 6.06% |
| Average range | 4.36 |
| Strength index | 45.64 |
| Market sensitivity | 0.27 |
| Relative volume | 0.00 |
| Avg Volume | 323.24K |
| Volume | 21 |
Performance
| Perf Week | 12.14% |
|---|---|
| Perf Month | -10.15% |
| Perf Quarter | -8.16% |
| Perf Half Y | 4.72% |
| Perf YTD | 49.01% |
| Perf Year | -0.15% |
| Perf 3Y | - |
| Perf 5Y | - |
| Perf 10Y | - |
| Recommendation | 2.00 |
| Target Price | 92.29 |
| Prev Close | 70.68 |
| Price | 73.00 |
| Change % | 3.28% |
Analyst ratings
latest 10 of 12| Date | Action | Analyst | Rating change | Target | Implied |
|---|---|---|---|---|---|
| Nov 13, 2025 | Downgrade | Janney | Buy → Neutral | ||
| May 21, 2025 | Downgrade | Johnson Rice | Buy → Accumulate | ||
| Jan 03, 2025 | Initiated | Goldman | Buy | $71 | -2.7% |
| Jul 25, 2024 | Initiated | Janney | Buy | $36 | -50.7% |
| Jul 24, 2024 | Initiated | Johnson Rice | Buy | $35 | -52.1% |
| Jul 23, 2024 | Initiated | Wells Fargo | Overweight | $34 | -53.4% |
| Jul 23, 2024 | Initiated | Raymond James | Outperform | $34 | -53.4% |
| Jul 23, 2024 | Initiated | Piper Sandler | Neutral | $30 | -58.9% |
| Jul 23, 2024 | Initiated | Pickering Energy Partners | Outperform | ||
| Jul 23, 2024 | Initiated | Goldman | Buy | $35 | -52.1% |
Peers
Mkt cap| Ticker | Company | Mkt cap |
|---|---|---|
| TPL | Texas Pacific Land Corp | 19.73B |
| EROK | EagleRock Land LLC | 2.75B |
| BSM | Black Stone Minerals LP | 2.99B |
| WBI | WaterBridge Infrastructure LLC | 3.37B |
| KRP | Kimbell Royalty Partners LP | 2.21B |
| VNOM | Viper Energy Inc | 14.77B |
| DMLP | Dorchester Minerals LP | 1.43B |
| WTTR | Select Water Solutions Inc | 2.11B |
| PBT | Permian Basin Royalty Trust | 1.41B |
| SBR | Sabine Royalty Trust | 937.60M |
Insider trading
12 filings| Insider | Relationship | Date | Transaction | Cost | Shares | Value | Total held | Form |
|---|---|---|---|---|---|---|---|---|
| LandBridge Holdings LLC | Director | Aug 07 '26 | Sale | 75.05 | 1,250,000 | 93,812,500 | 0 | Aug 11 09:48 PM |
| Capobianco David N | Director | Aug 07 '26 | Sale | 75.05 | 1,250,000 | 93,812,500 | 0 | Aug 11 09:40 PM |
| LandBridge Holdings LLC | 10% Owner | Aug 07 '26 | Proposed Sale | 75.40 | 1,250,000 | 94,250,000 | Aug 07 06:43 PM | |
| WATSON CHARLES L. | Director | Mar 02 '26 | Sale | 74.07 | 30,680 | 2,272,348 | 86,920 | Mar 06 05:05 PM |
| WATSON CHARLES L. | Director | Mar 06 '26 | Sale | 75.00 | 13,000 | 975,056 | 64,250 | Mar 06 05:05 PM |
| WATSON CHARLES L. | Director | Mar 04 '26 | Sale | 75.19 | 9,670 | 727,072 | 77,250 | Mar 06 05:05 PM |
| Bolling Harrison Fenner | See Remarks | Jan 05 '26 | Buy | 46.84 | 850 | 39,814 | 66,874 | Jan 07 06:15 AM |
| McNeely Scott Lloyd | See Remarks | Jan 06 '26 | Buy | 45.49 | 549 | 24,974 | 81,276 | Jan 07 06:15 AM |
| Long Jason Thomas | See Remarks | Jan 05 '26 | Buy | 46.59 | 2,143 | 99,842 | 223,546 | Jan 07 06:15 AM |
| Five Point Energy Fund II AIV- | Director | Nov 18 '25 | Sale | 70.00 | 2,500,000 | 175,000,000 | 0 | Nov 21 02:58 PM |
| LandBridge Holdings LLC | Director | Nov 18 '25 | Sale | 70.00 | 2,500,000 | 175,000,000 | 0 | Nov 21 06:30 AM |
| Capobianco David N | Director | Nov 18 '25 | Sale | 70.00 | 2,500,000 | 175,000,000 | 0 | Nov 20 09:38 PM |
Held by
AUM| Ticker | Company | AUM |
|---|---|---|
| VNQ | Vanguard Real Estate Index Fund ETF | AUM: 39.24B |
| INFL | Horizon Kinetics Inflation Beneficiaries ETF | AUM: 1.55B |
| FPX | First Trust US Equity Opportunities ETF | AUM: 1.36B |
| FREL | Fidelity MSCI Real Estate Index ETF | AUM: 1.44B |
| BCDF | Horizon Kinetics Blockchain Development ETF | AUM: 24.95M |
| IPO | Renaissance IPO ETF | AUM: 133.30M |
| JHSC | John Hancock Multifactor Small Cap ETF | AUM: 712.41M |
| JHSC | John Hancock Multifactor Small Cap ETF | AUM: 712.41M |
| DRLL | Strive U.S. Energy ETF | AUM: 310.01M |
| FORH | Formidable ETF | AUM: 17.11M |
News
latest 14 of 200- LandBridge Beats And Raises As Alpha Data Center Lease Turns Binding, But A Debt-Funded Land Grab Keeps Investors Cautious (Earnings Whispers) -10.66%
- LandBridge Announces Third Quarter 2026 Results (Business Wire) -12.31%
- LandBridge Must Show Its Record Quarter Was A New Baseline, Not A Spike (Earnings Whispers)
- LandBridge Announces Completion of Conversion and Redomestication in Texas (Business Wire) -5.35%
- LandBridge Announces Pricing of Upsized $125,000,000 Offering of Additional 6.250% Senior Notes due 2030 (Business Wire) -5.52%
- LandBridge Announces Launch of $100,000,000 Offering of Additional 6.250% Senior Notes due 2030 (Business Wire)
- Permian Basin Landowners Pivot to Data Centers Amid AI Boom (CRE Daily)
- Data-Center Backlash Leads to a New Land Rush in the Texas Oil Patch (The Wall Street Journal)
- LandBridge Co LLC (LB) (Q2 2026) Earnings Call Highlights: Record Revenue and Digital ... (GuruFocus.com) +6.31% -6.22%
- LandBridge Announces Second Quarter 2026 Results (Business Wire)
- LandBridge and WaterBridge Stocks Are Setting Up for Gains (Barrons.com)
- LandBridge Schedules Second Quarter Earnings Release and Conference Call (Business Wire)
- LandBridge Forms Special Committee to Evaluate Potential Corporate Conversion (Business Wire)
- LandBridge Announces First Quarter 2026 Results (Business Wire)
Quarterly earnings
2026Q3 EPS 0.440 missed 0.525, from 0.348 a year earlier. Sales 70.89 beat 65.94, from 50.83 a year earlier
The outline behind the bar is the estimate. The filled bar is the print. Green beat it, red missed it.
| Period | Reported | EPS adjusted | EPS est | EPS reported | Sales act, USD m | Sales est, USD m | Surprise | Year-ago quarter | Analysts | Next session |
|---|---|---|---|---|---|---|---|---|---|---|
| 2026Q3ended 2026-09-30 | 2026-11-04 16:30 | 0.440 | 0.525 | 0.440 | 70.89 | 65.94 | EPS -16.2% · sales +7.5% | vs 2025Q3, year-ago quarter · EPS +26.4% · sales +39.5% | 4 EPS · 7 sales | Open +1.23% vs SPY -0.17%. Close -10.66% vs SPY -4.41% |
| 2026Q2ended 2026-06-30 | 2026-08-05 16:30 | 0.500 | 0.526 | 0.157 | 66.80 | 60.00 | EPS -4.9% · sales +11.3% | vs 2025Q2, year-ago quarter · EPS +108.3% · sales +40.5% | 7 EPS · 8 sales | Open +4.18% vs SPY +0.05%. Close +6.31% vs SPY -0.16% |
| 2026Q1ended 2026-03-31 | 2026-05-06 16:30 | 0.327 | 0.548 | 0.230 | 51.01 | 58.72 | EPS -40.4% · sales -13.1% | vs 2025Q1, year-ago quarter · EPS +21.9% · sales +16.0% | 7 EPS · 8 sales | Open -3.00% vs SPY +0.17%. Close -3.08% vs SPY -0.31% |
| 2025Q4ended 2025-12-31 | 2026-02-25 16:30 | 0.422 | 0.383 | 0.235 | 56.78 | 51.91 | EPS +10.2% · sales +9.4% | vs 2024Q4, year-ago quarter · EPS +52.2% · sales +55.6% | 5 EPS · 7 sales | Open +6.23% vs SPY +0.02%. Close +13.70% vs SPY -0.56% |
| 2025Q3ended 2025-09-30 | 2025-11-12 16:30 | 0.348 | 0.479 | 0.263 | 50.83 | 50.21 | EPS -27.3% · sales +1.2% | vs 2024Q3, year-ago quarter · EPS +41.2% · sales +78.4% | 6 EPS · 8 sales | Open -4.31% vs SPY -0.42%. Close -10.31% vs SPY -1.66% |
| 2025Q2ended 2025-06-30 | 2025-08-06 16:30 | 0.240 | 0.369 | 0.239 | 47.53 | 49.23 | EPS -35.0% · sales -3.5% | vs 2024Q2, year-ago quarter · EPS +9.9% · sales +83.2% | 6 EPS · 7 sales | Open -0.08% vs SPY +0.55%. Close -14.34% vs SPY -0.08% |
| 2025Q1ended 2025-03-31 | 2025-05-07 16:30 | 0.268 | 0.353 | 0.200 | 43.95 | 43.67 | EPS -24.1% · sales +0.6% | vs 2024Q1, year-ago quarter · EPS +95.6% · sales +118.6% | 5 EPS · 7 sales | Open -2.97% vs SPY +0.73%. Close -11.37% vs SPY +0.70% |
| 2024Q4ended 2024-12-31 | 2025-03-05 16:30 | 0.277 | 0.325 | 0.032 | 36.50 | 37.75 | EPS -14.8% · sales -3.3% | - | 6 EPS · 8 sales | Open -3.97% vs SPY -1.30%. Close -6.09% vs SPY -1.78% |
| 2024Q3ended 2024-09-30 | 2024-11-07 08:30 | 0.247 | 0.253 | 0.036 | 28.49 | 32.49 | EPS -2.4% · sales -12.3% | - | 6 EPS · 7 sales | Open +6.92% vs SPY +0.35%. Close +11.57% vs SPY +0.77% |
| 2024Q2ended 2024-06-30 | 2024-08-07 16:30 | 0.218 | 0.211 | -3.309 | 25.95 | 25.85 | EPS +3.8% · sales +0.4% | - | 6 EPS · 7 sales | Open +1.64% vs SPY +1.01%. Close -0.50% vs SPY +2.31% |
| 2024Q1ended 2024-03-31 | 2024-05-29 12:00 | 0.137 | - | 0.618 | 20.11 | - | EPS - · sales - | - | - | - |
| 2026Q4ended 2026-12-31 | - | - | 0.538 | - | - | 71.76 | EPS - · sales - | vs 2025Q4, year-ago quarter · EPS - · sales - | 4 EPS · 7 sales | - |
| 2027Q1ended 2027-03-31 | - | - | 0.503 | - | - | 74.41 | EPS - · sales - | vs 2026Q1, year-ago quarter · EPS - · sales - | 5 EPS · 7 sales | - |
| 2027Q2ended 2027-06-30 | - | - | 0.564 | - | - | 78.00 | EPS - · sales - | vs 2026Q2, year-ago quarter · EPS - · sales - | 5 EPS · 7 sales | - |
| 2027Q3ended 2027-09-30 | - | - | 0.594 | - | - | 81.07 | EPS - · sales - | vs 2026Q3, year-ago quarter · EPS - · sales - | 5 | - |
| 2027Q4ended 2027-12-31 | - | - | 0.767 | - | - | 83.98 | EPS - · sales - | vs 2026Q4, year-ago quarter · EPS - · sales - | 4 | - |
Annual earnings
2025FY EPS 1.279 missed 1.400, from 0.827 a year earlier. Sales 199.09 beat 194.3, from 109.95 a year earlier
Reported years only. The outline behind the bar is the estimate. A later year with no print stays in the table.
earnings feed, not the snapshot. Not the statement ratio.
| Period | EPS adjusted | EPS est | EPS reported | Sales act, USD m | Sales est, USD m | P/E, earnings feed |
|---|---|---|---|---|---|---|
| 2029FYestimate | - | 2.639 | - | - | 317.4 | 27.67 |
| 2028FYestimate | - | 3.927 | - | - | 372.64 | 18.59 |
| 2027FYestimate | - | 2.797 | - | - | 318.38 | 26.10 |
| 2026FYestimate | - | 1.732 | - | - | 257.82 | 42.14 |
| 2025FY | 1.279 | 1.400 | 0.907 | 199.09 | 194.3 | 38.31 |
| 2024FY | 0.827 | 1.017 | 0.070 | 109.95 | 112.13 | 78.08 |
Quarterly results
2026Q3 revenue 70.89, from 50.83 a year earlier. Operating margin 67.7%, from 60.6% a year earlier
From the quarterly statement. Not an estimate.
Estimate revisions
Latest snapshot of each period and type. 2026FY E 1.73 per share.
| Period | Type | Scale | Date | Mean | vs prior date |
|---|---|---|---|---|---|
| 2026FY | E | per share | 2026-11-11 | 1.73 | +0.3% |
| 2026Q4 | E | per share | 2026-11-11 | 0.54 | -1.0% |
| 2026Q4 | S | per share | 2026-11-11 | 71.76 | -0.3% |
| 2026FY | S | - | 2026-11-11 | 257.82 | +0.3% |
| 2026FY | R | per share | 2026-11-05 | 1.85 | -8.7% |
| 2026Q4 | R | per share | 2026-11-05 | 0.80 | +10.1% |
| 2026Q3 | E | per share | 2026-10-25 | 0.53 | 0.0% |
| 2026Q3 | S | per share | 2026-10-25 | 65.94 | 0.0% |
| 2026Q3 | R | per share | 2026-10-20 | 0.70 | 0.0% |
| 2026Q2 | E | per share | 2026-08-02 | 0.53 | 0.0% |
| 2026Q2 | S | per share | 2026-07-29 | 60.00 | 0.0% |
| 2026Q2 | R | per share | 2026-07-21 | 0.64 | 0.0% |
| 2026Q1 | E | per share | 2026-04-24 | 0.55 | +0.5% |
| 2026Q1 | S | per share | 2026-04-24 | 58.72 | -0.1% |
| 2026Q1 | R | per share | 2026-04-21 | 0.68 | +0.5% |
| 2025FY | E | per share | 2026-02-08 | 1.40 | 0.0% |
| 2025Q4 | E | per share | 2026-02-08 | 0.38 | 0.0% |
| 2025Q4 | S | per share | 2026-02-08 | 51.91 | 0.0% |
| 2025FY | S | - | 2026-02-08 | 194.3 | 0.0% |
| 2025FY | R | per share | 2026-02-03 | 1.20 | 0.0% |
| 2025Q4 | R | per share | 2026-02-03 | 0.53 | 0.0% |
| 2025Q3 | R | per share | 2025-10-21 | 0.57 | 0.0% |
| 2025Q3 | S | per share | 2025-10-21 | 50.21 | 0.0% |
| 2025Q3 | E | per share | 2025-10-16 | 0.48 | +0.1% |
| 2025Q2 | R | per share | 2025-07-30 | 0.74 | 0.0% |
| 2025Q2 | E | per share | 2025-07-23 | 0.37 | -0.2% |
| 2025Q2 | S | per share | 2025-07-22 | 49.23 | 0.0% |
| 2025Q1 | E | per share | 2025-04-23 | 0.35 | -3.2% |
| 2025Q1 | R | per share | 2025-04-23 | 0.57 | -7.1% |
| 2025Q1 | S | per share | 2025-04-23 | 43.67 | -1.4% |
| 2024Q4 | E | per share | 2025-02-05 | 0.33 | 0.0% |
| 2024Q4 | R | per share | 2025-02-05 | 0.64 | 0.0% |
| 2024Q4 | S | per share | 2025-02-05 | 37.75 | 0.0% |
| 2024Q3 | E | per share | 2024-11-04 | 0.25 | 0.0% |
| 2024Q3 | R | per share | 2024-11-04 | 0.98 | 0.0% |
| 2024Q3 | S | per share | 2024-11-04 | 32.49 | 0.0% |
| 2024Q2 | E | per share | 2024-07-24 | 0.37 | -6.5% |
| 2024Q2 | R | per share | 2024-07-24 | 0.39 | -3.3% |
| 2024Q2 | S | per share | 2024-07-24 | 25.84 | -0.2% |
Estimate history
| Metric | 2022 | 2023 | 2024 | 2025 | TTM | MRQ |
|---|---|---|---|---|---|---|
| EPS per share | -0.365 | 3.625 | 0.07 | 0.936 | 1.0594 | - |
| Sales USD millions | 52 | 73 | 110 | 199 | 246 | - |
| Shares million shares | 17 | 17 | 23 | 28 | - | 30 |
| Metric | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|
| EPS per share | 0.036 | 0.032 | 0.2 | 0.239 | 0.263 | 0.235 | 0.23 | 0.157 | 0.439 |
| Sales USD millions | 28 | 36 | 44 | 48 | 51 | 57 | 51 | 67 | 71 |
| Shares million shares | 17 | 23 | 23 | 25 | 25 | 28 | 28 | 28 | 30 |
Income statement, annual
| Metric | TTM | 2025FY12/31/2025 | 2024FY12/31/2024 | 2023FY12/31/2023 | 2022FY12/31/2022 |
|---|---|---|---|---|---|
| Total Revenue | 245.51 | 199.09+81.1% | 109.95+50.9% | 72.86+40.7% | 51.78 |
| Cost of Goods Sold Incl. D&A | 25.50 | 18.01+27.2% | 14.16-5.3% | 14.95+13.2% | 13.21 |
| Gross Profit | 220.02 | 181.08+89.0% | 95.79+65.4% | 57.92+50.2% | 38.57 |
| Selling, General and Administrative Excl. Other | 58.79 | 56.49-49.7% | 112.30 | -12.09-128.9% | 41.80 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | 161.23 | 124.59 | -16.51-123.6% | 70.01 | -3.23 |
| Interest Expense | 37.52 | 32.71+40.1% | 23.34+232.5% | 7.02+125.7% | 3.11 |
| Unusual Expense | 10.24 | 10.37 | 0.00 | 0.00 | 0.00 |
| Net Income Before Taxes | 113.79 | 81.47 | -39.60-162.3% | 63.54 | -6.20 |
| Income Taxes | 12.65 | 9.07+382.4% | 1.88+408.1% | 0.37+131.3% | 0.16 |
| Consolidated Net Income | 100.41 | 71.65+1226.9% | 5.40-91.5% | 63.17 | -6.36 |
| Net Income From Continuing Operations | 41.29 | 29.38+475.0% | 5.11-91.9% | 63.17 | -6.36 |
| Net Income | 41.29 | 29.38+475.0% | 5.11-91.9% | 63.17 | -6.36 |
| EPS (Recurring) per share | 2.32 | 1.03+1371.4% | 0.07-98.1% | 3.63 | -0.37 |
| EPS (Basic, Before Extraordinaries) per share | 1.47 | 1.18+306.9% | 0.29-92.0% | 3.63 | -0.36 |
| EPS (Diluted) per share | 1.06 | 0.94+1242.9% | 0.07-98.1% | 3.63 | -0.36 |
| EBITDA | 178.32 | 136.06 | -7.63-109.7% | 78.77+2157.0% | 3.49 |
| Non-Operating Income (Expense) | 0.31 | -0.04-116.7% | 0.24-56.4% | 0.55+292.9% | 0.14 |
| Other After Tax Adjustments | -0.73 | -0.75-101.6% | 46.88 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 34.23 | 35.80-52.5% | 75.31 | -13.59-147.3% | 28.76 |
| Price To Earnings Ratio ratio statement ratio, not the snapshot | 66.72 | 66.72 | - | - | - |
| Price To Sales Ratio ratio | 9.64 | 18.83 | 43.11 | - | - |
| Gross Margin % | 89.62 | 90.95 | 87.12 | 79.49 | 74.49 |
| Operating Margin % | 65.67 | 62.58 | -15.02 | 96.08 | -6.24 |
| Net Margin % | 16.82 | 14.75 | 4.65 | 86.70 | -12.29 |
| Shares Outstanding million shares | 29.65 | 27.84+19.7% | 23.26+33.4% | 17.430.0% | 17.43 |
| Market Capitalization | 2,095.98 | 2,095.98+86.2% | 1,125.65-0.9% | 1,136.28 | - |
Income statement, quarterly
| Metric | 2026Q39/30/2026 | 2026Q26/30/2026 | 2026Q13/31/2026 | 2025Q412/31/2025 | 2025Q39/30/2025 | 2025Q26/30/2025 | 2025Q13/31/2025 | 2024Q412/31/2024 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 70.89+39.5% | 66.84+40.6% | 51.01+16.1% | 56.78+55.6% | 50.83+78.4% | 47.53+83.2% | 43.95+131.2% | 36.50+109.0% |
| Cost of Goods Sold Incl. D&A | 7.02+67.9% | 6.83+66.6% | 6.09+45.3% | 5.55+29.4% | 4.18+31.9% | 4.10+21.7% | 4.19+25.8% | 4.29+22.2% |
| Gross Profit | 63.87+36.9% | 60.01+38.2% | 44.91+12.9% | 51.23+59.0% | 46.65+84.2% | 43.43+92.3% | 39.77+153.6% | 32.21+131.1% |
| Selling, General and Administrative Excl. Other | 15.89+0.2% | 15.90+7.4% | 15.73+6.8% | 11.27-20.6% | 15.86-28.3% | 14.80-80.0% | 14.73+581.9% | 14.19+66.5% |
| Other Operating Expense | 0.00 | 0.00-100.0% | 0.00 | 0.00 | 0.00 | 0.13 | 0.00 | 0.00 |
| Operating Income | 47.98+55.8% | 44.10+54.7% | 29.19+16.6% | 39.95+121.7% | 30.79+865.2% | 28.50 | 25.04+85.2% | 18.02+232.5% |
| Interest Expense | 9.85+25.6% | 9.19+16.0% | 9.51+19.2% | 8.96+26.2% | 7.84+10.9% | 7.92+26.1% | 7.98+177.1% | 7.10+150.0% |
| Unusual Expense | 0.00 | 0.00 | 0.00 | 10.24 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income Before Taxes | 38.39+66.9% | 34.95+69.5% | 19.66+15.2% | 20.79+90.4% | 23.00 | 20.62 | 17.06+56.8% | 10.92+321.6% |
| Income Taxes | 4.34+60.1% | 3.90+81.4% | 1.79+11.9% | 2.61-5.8% | 2.71 | 2.15+1435.7% | 1.60+1500.0% | 2.77+3857.1% |
| Consolidated Net Income | 33.87+68.3% | 30.82+68.9% | 17.70+16.0% | 18.02+121.1% | 20.13 | 18.25 | 15.26+41.6% | 8.15+223.4% |
| Net Income From Continuing Operations | 12.78+61.0% | 12.06+65.7% | 8.55+36.6% | 7.90+222.4% | 7.94+210.2% | 7.28 | 6.26-41.9% | 2.45-2.8% |
| Net Income | 12.78+61.0% | 12.06+65.7% | 8.55+36.6% | 7.90+222.4% | 7.94+210.2% | 7.28 | 6.26-41.9% | 2.45-2.8% |
| EPS (Recurring) per share | 0.44+69.2% | 0.16-33.3% | 0.23+15.0% | 0.33+1000.0% | 0.26 | 0.24 | 0.20-67.7% | 0.03-78.6% |
| EPS (Basic, Before Extraordinaries) per share | 0.44+41.9% | 0.43+43.3% | 0.31+14.8% | 0.30+172.7% | 0.31+106.7% | 0.30 | 0.27-56.5% | 0.11-21.4% |
| EPS (Diluted) per share | 0.44+69.2% | 0.16-33.3% | 0.23+15.0% | 0.23+666.7% | 0.26+550.0% | 0.24 | 0.20-67.7% | 0.03-78.6% |
| EBITDA | 52.54+57.4% | 48.48+56.1% | 33.61+21.6% | 43.70+112.1% | 33.37+539.3% | 31.05 | 27.64+76.5% | 20.60+164.4% |
| Non-Operating Income (Expense) | 0.27+440.0% | 0.04-20.0% | -0.02 | 0.03 | 0.05 | 0.05 | 0.00-100.0% | 0.00-100.0% |
| Other After Tax Adjustments | -0.17 | -0.23 | -0.17 | -0.16 | -0.16 | -0.23 | -0.20 | 0.00 |
| Stock Option Compensation Expense | 7.22-18.6% | 8.88-0.2% | 8.90+1.1% | 9.23-17.1% | 8.87-3.4% | 8.90-84.3% | 8.80+1296.8% | 11.14+95.1% |
| Price To Earnings Ratio ratio statement ratio, not the snapshot | 66.72 | 82.03 | 73.78 | 60.72 | 138.32 | - | - | - |
| Price To Sales Ratio ratio | 9.64 | 27.06 | 25.82 | 18.90 | 22.83 | 32.99 | 40.78 | 44.94 |
| Gross Margin % | 90.10 | 89.77 | 88.06 | 90.22 | 91.77 | 91.38 | 90.48 | 88.24 |
| Operating Margin % | 67.68 | 65.99 | 57.23 | 70.37 | 60.56 | 59.96 | 56.97 | 49.37 |
| Net Margin % | 18.03 | 18.04 | 16.76 | 13.91 | 15.63 | 15.31 | 14.25 | 6.72 |
| Shares Outstanding million shares | 29.65+17.0% | 28.23+12.2% | 27.84+19.7% | 27.84+19.7% | 25.34+45.4% | 25.16+44.3% | 23.26+33.4% | 23.26+33.4% |
| Market Capitalization | 2,095.98+55.1% | 2,205.98+40.4% | 1,922.23+14.9% | 1,241.32+10.3% | 1,351.73+98.3% | 1,571.60+368.2% | 1,672.99+398.4% | 1,125.65 |
Balance sheet, annual
| Metric | 2025FY12/31/2025 | 2024FY12/31/2024 | 2023FY12/31/2023 | 2022FY12/31/2022 |
|---|---|---|---|---|
| Cash & Short Term Investments | 30.74-17.0% | 37.03-2.1% | 37.82+49.2% | 25.35 |
| Short Term Receivables | 24.31+65.9% | 14.65+9.2% | 13.42+18.4% | 11.33 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 4.17+269.0% | 1.13+54.8% | 0.73+15.9% | 0.63 |
| Total Current Assets | 59.22+12.1% | 52.81+1.6% | 51.98+39.3% | 37.31 |
| Net Property, Plant & Equipment | 1,084.45+20.1% | 902.74+344.7% | 203.02-2.1% | 207.31 |
| Total Investments and Advances | 0.00 | 0.00 | 0.00 | 0.00 |
| Intangible Assets | 136.96+202.5% | 45.27+58.1% | 28.64-7.3% | 30.88 |
| Deferred Tax Assets | 80.97+19648.8% | 0.41 | - | - |
| Other Assets | 4.46+99.1% | 2.24-57.8% | 5.31+921.2% | 0.52 |
| Total Assets | 1,366.06+36.1% | 1,003.47+247.3% | 288.95+4.7% | 276.02 |
| Short Term Debt Incl. Current Port. of LT Debt | 0.69+64.3% | 0.42-98.0% | 20.84+71.0% | 12.19 |
| Accounts Payable | 0.56+14.3% | 0.49+145.0% | 0.20+400.0% | 0.04 |
| Income Tax Payable | 1.20-47.6% | 2.29+487.2% | 0.39+85.7% | 0.21 |
| Other Current Liabilities | 9.83-12.3% | 11.21+97.4% | 5.68+19.6% | 4.75 |
| Total Current Liabilities | 12.29-14.7% | 14.41-46.8% | 27.10+57.6% | 17.19 |
| Long Term Debt | 559.59+46.9% | 380.81+243.3% | 110.94+127.2% | 48.82 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 0.19+5.6% | 0.18+12.5% | 0.16+166.7% | 0.06 |
| Total Liabilities | 572.07+44.7% | 395.41+186.1% | 138.20+109.2% | 66.06 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Equity | 340.30-22.0% | 436.01+189.2% | 150.75-28.2% | 209.96 |
| Total Shareholders Equity | 340.30-22.0% | 436.01+189.2% | 150.75-28.2% | 209.96 |
| Accumulated Minority Interest | 453.68+163.7% | 172.05 | 0.00 | 0.00 |
| Total Equity | 793.99+30.6% | 608.07+303.4% | 150.75-28.2% | 209.96 |
| Total Liabilities & Stockholders Equity | 1,366.06+36.1% | 1,003.47+247.3% | 288.95+4.7% | 276.02 |
| Book Value Per Share per share | 12.22-34.8% | 18.75+116.8% | 8.65-28.2% | 12.05 |
| Tangible Book Value Per Share per share | 7.30-56.5% | 16.80+139.7% | 7.01-31.8% | 10.28 |
| Price to Book Ratio ratio | 5.38 | 11.58 | 11.69 | - |
| Return on Assets % | 2.48 | 0.79 | 22.36 | - |
| Return on Equity % | 7.57 | 1.74 | 35.03 | - |
| Return on Invested Capital % | 3.26 | 0.63 | 24.14 | -2.46 |
| Quick Ratio ratio | 4.82 | 3.67 | 1.92 | 2.17 |
| Current Ratio ratio | 4.82 | 3.67 | 1.92 | 2.17 |
Cash flow, annual
| Metric | TTM | 2025FY12/31/2025 | 2024FY12/31/2024 | 2023FY12/31/2023 | 2022FY12/31/2022 |
|---|---|---|---|---|---|
| Net Income | 101.14 | 72.40 | -41.48-165.7% | 63.17 | -6.36 |
| Depreciation | 17.09 | 11.47+29.2% | 8.88-0.1% | 8.89+32.3% | 6.72 |
| Other Funds (Non Cash) | 50.07 | 51.94-46.5% | 97.03 | -17.22-147.3% | 36.40 |
| Funds from Operations | 173.59 | 139.89+118.5% | 64.01+16.7% | 54.85+49.2% | 36.76 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -3.42 | -13.62-476.2% | 3.62 | -1.80 | -16.26 |
| Income Taxes Payable | -1.60 | -3.75-297.4% | 1.90+1017.6% | 0.17 | -8.33 |
| Cash from Operating Activities | 170.17 | 126.27+86.7% | 67.64+27.5% | 53.04+158.7% | 20.50 |
| Capital Expenditures | -492.87 | -233.28 | -724.35 | -2.78 | -3.29 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | -8.38 |
| Sale of Fixed Assets and Businesses | 0.06 | 0.21 | 0.00-100.0% | 0.01-99.9% | 10.98 |
| Purchase or Sale of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale Or Maturity of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -492.81 | -233.07 | -724.35 | -2.77 | -0.70 |
| Cash Dividends Paid | -61.67 | -63.71 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 0.00 | 0.00-100.0% | 617.55 | 0.00 | 0.00 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 0.00 | 0.00-100.0% | 617.55 | 0.00 | 0.00 |
| Proceedsfrom Stock Options | 0.00 | 0.00-100.0% | 617.55 | 0.00 | 0.00 |
| Issuance or Reduction of Debt, Net | 379.20 | 169.97-29.9% | 242.49+257.8% | 67.77 | -6.50 |
| Change in Long Term Debt | 379.20 | 169.97-29.9% | 242.49+257.8% | 67.77 | -6.50 |
| Issuance of Long Term Debt | 973.31 | 769.17+89.9% | 404.99+178.9% | 145.19 | 0.00 |
| Reduction of Long Term Debt | -594.10 | -599.20 | -162.50 | -77.42 | -6.50 |
| Net Financing Active Other Cash Flow | -6.43 | -5.75 | -204.12 | -105.57 | -1.21 |
| Other Financing Activities Uses | -6.43 | -5.75 | -324.12 | -105.57 | -1.21 |
| Cash from Financing Activities | 311.10 | 100.51-84.7% | 655.92 | -37.80 | -7.71 |
| Net Change in Cash | -11.54 | -6.29 | -0.79-106.3% | 12.47+3.1% | 12.10 |
| Free Cash Flow | -322.70 | -107.01 | -656.72-1406.6% | 50.26+192.0% | 17.21 |
| Preferred Dividends (Cash Flow) | - | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Taxes & Investment Tax Credit | - | 4.08 | -0.41 | 0.00 | 0.00 |
Balance sheet, quarterly
| Metric | 2026Q39/30/2026 | 2026Q26/30/2026 | 2026Q13/31/2026 | 2025Q412/31/2025 | 2025Q39/30/2025 | 2025Q26/30/2025 | 2025Q13/31/2025 | 2024Q412/31/2024 |
|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 16.77-40.8% | 39.80+95.7% | 29.68+98.7% | 30.74-17.0% | 28.32+96.4% | 20.34-17.5% | 14.94+68.1% | 37.03-2.1% |
| Short Term Receivables | 41.37+70.7% | 27.50+33.6% | 26.23-3.6% | 24.31+65.9% | 24.23+62.4% | 20.58+26.3% | 27.21+177.7% | 14.65+9.2% |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 4.64-3.7% | 2.89-10.0% | 2.76+90.3% | 4.17+269.0% | 4.82-22.0% | 3.21+1589.5% | 1.45+110.1% | 1.13+54.8% |
| Total Current Assets | 62.78+9.4% | 70.18+59.0% | 58.66+34.6% | 59.22+12.1% | 57.37+61.5% | 44.14+7.3% | 43.59+124.9% | 52.81+1.6% |
| Net Property, Plant & Equipment | 1,360.11+48.2% | 1,092.75+19.0% | 1,084.59+18.1% | 1,084.45+20.1% | 917.98+46.2% | 918.31+45.8% | 918.61+258.0% | 902.74+344.7% |
| Total Investments and Advances | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Intangible Assets | 129.18+208.7% | 131.44+205.8% | 134.20+204.2% | 136.96+202.5% | 41.84+52.3% | 42.98+53.2% | 44.12+54.2% | 45.27+58.1% |
| Deferred Tax Assets | 92.72+56.8% | 79.06+35.0% | 80.39+114742.9% | 80.97+19648.8% | 59.12 | 58.55 | 0.07 | 0.41 |
| Other Assets | 4.71+192.5% | 3.83+59.6% | 4.40+158.8% | 4.46+99.1% | 1.61 | 2.40-79.1% | 1.70-70.5% | 2.24-57.8% |
| Total Assets | 1,649.49+53.0% | 1,377.27+29.2% | 1,362.24+35.1% | 1,366.06+36.1% | 1,077.92+56.2% | 1,066.38+50.1% | 1,008.10+224.8% | 1,003.47+247.3% |
| Short Term Debt Incl. Current Port. of LT Debt | 0.03-96.7% | 0.19+11.8% | 0.43+43.3% | 0.69+64.3% | 0.92-97.4% | 0.17-99.5% | 0.30-98.5% | 0.42-98.0% |
| Accounts Payable | 0.71+10.9% | 0.74+45.1% | 0.37-38.3% | 0.56+14.3% | 0.64+255.6% | 0.51+168.4% | 0.60+9.1% | 0.49+145.0% |
| Income Tax Payable | 2.17+210.0% | 0.97+110.9% | 1.44-30.1% | 1.20-47.6% | 0.70 | 0.46 | 2.06 | 2.29+487.2% |
| Other Current Liabilities | 19.92+72.3% | 7.83-15.1% | 16.58+87.8% | 9.83-12.3% | 11.56+53.5% | 9.22-38.6% | 8.83+47.4% | 11.21+97.4% |
| Total Current Liabilities | 22.83+65.2% | 9.73-6.1% | 18.82+59.6% | 12.29-14.7% | 13.82-68.1% | 10.36-79.4% | 11.79-56.0% | 14.41-46.8% |
| Long Term Debt | 755.52+106.4% | 535.53+44.4% | 535.11+42.5% | 559.59+46.9% | 366.08+51.0% | 370.87+2.8% | 375.47+217.0% | 380.81+243.3% |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 4.62+2331.6% | 0.20+11.1% | 0.19+5.6% | 0.19+5.6% | 0.19+5.6% | 0.18-93.6% | 0.18-93.5% | 0.18+12.5% |
| Total Liabilities | 782.97+106.0% | 545.46+43.0% | 554.12+43.0% | 572.07+44.7% | 380.09+33.0% | 381.42-7.9% | 387.44+161.7% | 395.41+186.1% |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Equity | 389.90+43.4% | 355.53+33.4% | 344.50-21.8% | 340.30-22.0% | 271.99+179.8% | 266.45-10.1% | 440.35+171.3% | 436.01+189.2% |
| Total Shareholders Equity | 389.90+43.4% | 355.53+33.4% | 344.50-21.8% | 340.30-22.0% | 271.99+179.8% | 266.45-10.1% | 440.35+171.3% | 436.01+189.2% |
| Accumulated Minority Interest | 476.62+11.9% | 476.27+13.8% | 463.62+157.1% | 453.68+163.7% | 425.84+38.8% | 418.52 | 180.31 | 172.05 |
| Total Equity | 866.52+24.2% | 831.81+21.4% | 808.12+30.2% | 793.99+30.6% | 697.83+72.7% | 684.97+131.1% | 620.66+282.3% | 608.07+303.4% |
| Total Liabilities & Stockholders Equity | 1,649.49+53.0% | 1,377.27+29.2% | 1,362.24+35.1% | 1,366.06+36.1% | 1,077.92+56.2% | 1,066.38+50.1% | 1,008.10+224.8% | 1,003.47+247.3% |
| Book Value Per Share per share | 13.15+22.6% | 12.59+18.9% | 12.37-34.7% | 12.22-34.8% | 10.73+92.3% | 10.59-37.7% | 18.94+103.2% | 18.75+116.8% |
| Tangible Book Value Per Share per share | 8.79-3.2% | 7.94-10.6% | 7.55-55.7% | 7.30-56.5% | 9.08+127.0% | 8.88-42.3% | 17.04+122.2% | 16.80+139.7% |
| Price to Book Ratio ratio | 5.38 | 6.40 | 5.65 | 4.56 | 5.04 | 3.57 | 3.84 | 11.58 |
| Return on Assets % | 3.03 | 2.98 | 2.67 | 2.48 | 2.71 | 2.09 | -7.03 | -6.48 |
| Return on Equity % | 12.48 | 11.72 | 8.07 | 7.57 | 12.97 | 6.59 | -15.39 | -14.27 |
| Return on Invested Capital % | 1.12 | 1.35 | 0.97 | 0.88 | 1.25 | 1.14 | 0.77 | 0.30 |
| Quick Ratio ratio | 2.75 | 7.21 | 3.12 | 4.82 | 4.15 | 4.26 | 3.70 | 3.67 |
| Current Ratio ratio | 2.75 | 7.21 | 3.12 | 4.82 | 4.15 | 4.26 | 3.70 | 3.67 |
Cash flow, quarterly
| Metric | 2026Q39/30/2026 | 2026Q26/30/2026 | 2026Q13/31/2026 | 2025Q412/31/2025 | 2025Q39/30/2025 | 2025Q26/30/2025 | 2025Q13/31/2025 | 2024Q412/31/2024 |
|---|---|---|---|---|---|---|---|---|
| Net Income | 34.05+67.8% | 31.05+68.0% | 17.87+15.6% | 18.17+122.9% | 20.29 | 18.48 | 15.46+43.4% | 8.15+223.4% |
| Depreciation | 4.55+76.4% | 4.37+72.0% | 4.42+70.0% | 3.74+64.0% | 2.58+20.6% | 2.54+12.9% | 2.60+17.6% | 2.28-6.2% |
| Other Funds (Non Cash) | 11.01-6.4% | 10.61-10.2% | 11.77+0.7% | 16.68+39.5% | 11.76-1.8% | 11.81-83.6% | 11.69+1143.6% | 11.96+68.2% |
| Funds from Operations | 51.44+43.2% | 47.36+41.5% | 34.38+14.3% | 40.41+73.8% | 35.91+256.2% | 33.48+99.9% | 30.09+116.0% | 23.25+92.8% |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -0.68 | -7.19-286.8% | 6.74 | -2.30-162.7% | -1.00 | 3.85 | -14.17-530.7% | 3.67+753.5% |
| Income Taxes Payable | 1.41-56.7% | 0.95 | 1.23 | -5.18 | 3.26 | -1.61 | -0.22 | - |
| Cash from Operating Activities | 50.76+45.4% | 40.17+7.6% | 41.12+158.5% | 38.12+41.6% | 34.91+368.6% | 37.33+132.7% | 15.91-7.6% | 26.93+115.8% |
| Capital Expenditures | -267.37 | -11.30 | -2.17 | -212.02 | -1.19 | -2.18 | -17.89 | -292.33 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00-100.0% | 0.03-70.0% | 0.03+50.0% | 0.00 | 0.09 | 0.10-99.9% | 0.02 | -120.00 |
| Purchase or Sale of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale Or Maturity of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -267.37 | -11.27 | -2.15 | -212.02 | -1.11 | -2.08 | -17.87 | -412.33 |
| Cash Dividends Paid | -17.41 | -24.07 | -9.25 | -10.94 | -52.77 | 0.00 | 0.00 | 0.00 |
| Preferred Dividends (Cash Flow) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 0.00-100.0% | 0.00 | 0.00 | 339.29 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 0.00-100.0% | 0.00 | 0.00 | 339.29 |
| Proceedsfrom Stock Options | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 0.00-100.0% | 0.00 | 0.00 | 339.29 |
| Issuance or Reduction of Debt, Net | 217.80 | -0.24 | -25.24 | 186.89+83.8% | -5.15 | -5.37-102.1% | -6.40-170.1% | 101.67+1108.9% |
| Change in Long Term Debt | 217.80 | -0.24 | -25.24 | 186.89+83.8% | -5.15 | -5.37-102.1% | -6.40-170.1% | 101.67+1108.9% |
| Issuance of Long Term Debt | 217.97+4394.2% | 0.00 | 0.00-100.0% | 755.34+457.8% | 4.85 | -0.37-100.1% | 9.35-33.8% | 135.42+478.5% |
| Reduction of Long Term Debt | -0.17 | -0.24 | -25.24 | -568.45 | -10.00 | -5.00 | -15.75 | -33.75 |
| Net Financing Active Other Cash Flow | -6.80-121.2% | 5.54 | -5.54 | 0.38 | 32.09 | -24.47 | -13.74 | -32.95 |
| Other Financing Activities Uses | -6.80-121.2% | 5.54 | -5.54 | 0.38 | 32.09 | -24.47 | -13.74 | -152.94 |
| Cash from Financing Activities | 193.59 | -18.78 | -40.03 | 176.33-56.8% | -25.83 | -29.84-111.7% | -20.14-323.3% | 408.02+4875.9% |
| Net Change in Cash | -23.02-388.8% | 10.12+87.1% | -1.06 | 2.42-89.3% | 7.97 | 5.41-65.7% | -22.10 | 22.61+10.1% |
| Free Cash Flow | -216.61-742.4% | 28.87-17.9% | 38.95 | -173.91 | 33.72+426.9% | 35.15 | -1.97 | -265.40-2252.5% |
Revenue breakdown
USD millions, so a column adds up to the income statement. Share is of the latest year in that split. The change is versus the older year shown, not TTM.
| Name | 2024 | 2025 | vs 2024 | 2025 share |
|---|---|---|---|---|
| Easements and Other Surface Related Revenues | 34.12 | 62.00 | +81.7% | 31.1% |
| Oil and Gas Royalties | 16.03 | 12.59 | -21.5% | 6.3% |
| Product and Service, Other | - | 3.98 | - | 2.0% |
| Resource Royalties | 12.84 | 23.03 | +79.3% | 11.6% |
| Resource Sales | 15.35 | 24.72 | +61.1% | 12.4% |
| Surface Use Royalties | 31.62 | 72.77 | +130.1% | 36.6% |
| Total | 109.95 | 199.09 | +81.1% | 100.0% |
| Name | 2024 | 2025 | vs 2024 | 2025 share |
|---|---|---|---|---|
| United States | 109.95 | 199.09 | +81.1% | 100.0% |
| Total | 109.95 | 199.09 | +81.1% | 100.0% |
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 13.48% | 4.0M | 29.3M | 277.04K |
| 2026-10-15 | 13.29% | 3.9M | 29.3M | 274.03K |
| 2026-09-30 | 13.13% | 3.8M | 29.3M | 288.71K |
| 2026-09-15 | 12.14% | 3.5M | 29.1M | 327.82K |
| 2026-08-31 | 12.24% | 3.6M | 29.1M | 342.08K |
| 2026-08-14 | 13.18% | 3.7M | 27.8M | 363.57K |
| 2026-07-31 | 13.67% | 3.7M | 27.4M | 358.32K |
| 2026-07-15 | 13.94% | 3.8M | 27.4M | 355.37K |
| 2026-06-30 | 12.80% | 3.5M | 27.4M | 365.34K |
| 2026-06-15 | 12.48% | 3.4M | 27.3M | 367.14K |
| 2026-05-29 | 11.09% | 3.0M | 27.3M | 382.38K |
| 2026-05-15 | 12.42% | 3.4M | 27.3M | 404.00K |
| 2026-04-30 | 9.92% | 2.7M | 27.3M | 440.83K |
| 2026-04-15 | 11.51% | 3.1M | 26.7M | 490.93K |
| 2026-03-31 | 10.86% | 2.9M | 26.6M | 524.48K |
| 2026-03-13 | 10.15% | 2.7M | 26.6M | 514.80K |
| 2026-02-27 | 10.24% | 2.7M | 26.6M | 492.67K |
| 2026-02-13 | 11.03% | 2.7M | 24.2M | 506.05K |
| 2026-01-30 | 11.39% | 2.7M | 23.9M | 479.22K |
| 2026-01-15 | 12.84% | 3.1M | 23.9M | 448.94K |
Option chain
Expiry 2026-11-20 · underlying 73.00, quoted 13 Nov 07:20 ET · ATM 75.00
Option quotes 12 Nov 15:59 ET. A date on a row is older than the last session (12 Nov). 34 rows.
Implied move 8.49% into expiry (call 1.650 + put 4.550 = 6.200 on 73.00)
Put/call open interest 0.56 (592 puts / 1,050 calls) · Put/call volume 0.80 (12 puts / 15 calls)
IV change is points against the prior close.
| Type | Strike | Money | Bid | Ask | Last | Chg | IV | Open int | Volume | Last size | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| call 1 Jan | 40.00 | ITM | 29.80 | 32.90 | 0.00 | 0.00 | 391.6% +221.2 | 0 | 0 | 0 | 0.992 | -0.028 | 0.002 |
| put 8 Oct | OTM | 0.00 | 0.05 | 0.11 | 0.00 | 167.7% 0.0 | 15 | 0 | 0 | -0.007 | -0.022 | 0.002 | |
| call 25 Mar | 45.00 | ITM | 25.20 | 27.90 | 30.90 | 0.00 | 329.3% +90.2 | 1 | 0 | 0 | 0.929 | -0.217 | 0.014 |
| put 7 Oct | OTM | 0.00 | 1.45 | 0.05 | 0.00 | 238.6% 0.0 | 25 | 0 | 0 | -0.071 | -0.214 | 0.014 | |
| call 13 Jul | 50.00 | ITM | 20.10 | 22.90 | 31.18 | 0.00 | 272.9% +78.5 | 0 | 0 | 0 | 0.914 | -0.206 | 0.016 |
| put 2 Nov | OTM | 0.00 | 3.90 | 0.36 | 0.00 | 193.9% 0.0 | 16 | 0 | 0 | -0.086 | -0.201 | 0.016 | |
| call 10 Nov | 55.00 | ITM | 15.10 | 18.00 | 10.15 | 0.00 | 212.5% +60.2 | 2 | 0 | 0 | 0.892 | -0.190 | 0.019 |
| put 5 Nov | OTM | 0.00 | 2.20 | 0.30 | 0.00 | 152.3% 0.0 | 9 | 0 | 0 | -0.108 | -0.186 | 0.019 | |
| call 24 Aug | 60.00 | ITM | 10.50 | 13.00 | 27.60 | 0.00 | 161.2% +47.8 | 5 | 0 | 0 | 0.860 | -0.171 | 0.023 |
| put | OTM | 0.00 | 0.90 | 0.15 | -0.04 | 113.3% 0.0 | 147 | 1 | 1 | -0.139 | -0.165 | 0.023 | |
| call 10 Nov | 65.00 | ITM | 6.00 | 8.30 | 3.68 | 0.00 | 124.3% +38.4 | 10 | 0 | 0 | 0.769 | -0.177 | 0.032 |
| put 11 Nov | OTM | 0.15 | 1.15 | 0.45 | 0.00 | 81.8% -4.0 | 44 | 0 | 0 | -0.231 | -0.171 | 0.032 | |
| call | 70.00 | ITM | 2.00 | 3.60 | 3.00 | -0.70 | 77.1% +6.4 | 103 | 15 | 2 | 0.566 | -0.187 | 0.041 |
| put | OTM | 0.85 | 2.30 | 1.72 | +0.10 | 64.5% -6.3 | 171 | 1 | 1 | -0.439 | -0.181 | 0.041 | |
| call 11 Nov | 75.00 | ATM | 0.60 | 2.70 | 1.35 | 0.00 | 106.3% +6.0 | 44 | 0 | 0 | 0.372 | -0.253 | 0.039 |
| put | ATM | 3.30 | 5.80 | 4.10 | -0.15 | 76.0% -24.3 | 128 | 10 | 10 | -0.628 | -0.246 | 0.039 | |
| call 11 Nov | 80.00 | OTM | 0.15 | 2.00 | 0.45 | 0.00 | 123.4% 0.0 | 50 | 0 | 0 | 0.277 | -0.275 | 0.035 |
| put 11 Nov | ITM | 7.50 | 10.00 | 9.50 | 0.00 | 82.9% -40.5 | 33 | 0 | 0 | -0.723 | -0.267 | 0.035 | |
| call 11 Nov | 85.00 | OTM | 0.00 | 2.45 | 0.40 | 0.00 | 152.8% 0.0 | 68 | 0 | 0 | 0.239 | -0.315 | 0.032 |
| put 9 Nov | ITM | 12.30 | 15.20 | 19.03 | 0.00 | 116.4% -36.4 | 4 | 0 | 0 | -0.761 | -0.306 | 0.032 | |
| call 11 Nov | 90.00 | OTM | 0.00 | 0.95 | 0.25 | 0.00 | 139.5% 0.0 | 156 | 0 | 0 | 0.141 | -0.207 | 0.023 |
| put 16 Sep | ITM | 17.30 | 20.20 | 11.63 | 0.00 | 143.0% +4.1 | 0 | 0 | 0 | -0.859 | -0.198 | 0.023 | |
| call 4 Nov | 95.00 | OTM | 0.00 | 2.35 | 0.25 | 0.00 | 160.0% 0.0 | 314 | 0 | 0 | 0.127 | -0.221 | 0.022 |
| put 1 Jan | ITM | 22.20 | 25.30 | 0.00 | 0.00 | 168.4% +9.0 | 0 | 0 | 0 | -0.873 | -0.211 | 0.022 | |
| call 11 Nov | 100 | OTM | 0.00 | 0.75 | 0.05 | 0.00 | 168.4% 0.0 | 266 | 0 | 0 | 0.100 | -0.196 | 0.018 |
| put 1 Jan | ITM | 27.60 | 30.10 | 0.00 | 0.00 | 174.1% +5.7 | 0 | 0 | 0 | -0.900 | -0.186 | 0.018 | |
| call 10 Nov | 105 | OTM | 0.00 | 1.15 | 0.05 | 0.00 | 184.6% 0.0 | 13 | 0 | 0 | 0.093 | -0.204 | 0.017 |
| put 1 Jan | ITM | 32.20 | 35.20 | 0.00 | 0.00 | 201.1% +16.5 | 0 | 0 | 0 | -0.907 | -0.194 | 0.017 | |
| call 21 Aug | 110 | OTM | 0.00 | 1.95 | 2.05 | 0.00 | 200.7% 0.0 | 3 | 0 | 0 | 0.088 | -0.212 | 0.016 |
| put 1 Jan | ITM | 37.10 | 39.90 | 0.00 | 0.00 | 188.2% -12.0 | 0 | 0 | 0 | -0.912 | -0.201 | 0.017 | |
| call 20 Aug | 115 | OTM | 0.00 | 2.20 | 2.35 | 0.00 | 215.2% 0.0 | 14 | 0 | 0 | 0.083 | -0.218 | 0.016 |
| put 1 Jan | ITM | 42.20 | 44.70 | 0.00 | 0.00 | 176.1% -38.6 | 0 | 0 | 0 | -0.917 | -0.207 | 0.016 | |
| call 19 Oct | 120 | OTM | 0.00 | 0.95 | 0.10 | 0.00 | 228.9% 0.0 | 1 | 0 | 0 | 0.079 | -0.224 | 0.015 |
| put 1 Jan | ITM | 47.10 | 49.60 | 0.00 | 0.00 | 199.7% -29.2 | 0 | 0 | 0 | -0.920 | -0.212 | 0.015 | |
| call 1 Jan | 125 | OTM | 0.00 | 0.75 | 0.00 | 0.00 | 241.7% 0.0 | 0 | 0 | 0 | 0.076 | -0.229 | 0.015 |
| put 1 Jan | ITM | 52.10 | 54.90 | 0.00 | 0.00 | 236.8% -4.9 | 0 | 0 | 0 | -0.924 | -0.217 | 0.015 | |
| call 1 Jan | 130 | OTM | 0.00 | 1.95 | 0.00 | 0.00 | 253.4% 0.0 | 0 | 0 | 0 | 0.073 | -0.234 | 0.014 |
| put 1 Jan | ITM | 57.10 | 59.90 | 0.00 | 0.00 | 249.1% -4.8 | 0 | 0 | 0 | -0.926 | -0.221 | 0.014 |
Latest SEC filings
30 of 198AllAll annual, quarterly, and current reportsInsider equity awards, transactions, and ownership (Section 16 Reports)Beneficial ownership reportsExempt offeringsRegistration statements and prospectusesFiling review correspondenceSEC orders and noticesProxy materialsTender offers and going private transactionsTrust indenture filings
10-Q filed 2026-11-05, period ended 2026-09-30. 10-K filed 2026-02-26, period ended 2025-12-31. LB on EDGAR
page 1 of 7Next →
| Filed | Form | Description | Period | Document |
|---|---|---|---|---|
| 2026-11-09 | SCHEDULE 13G/A | Beneficial ownership reports | no report period | 0001056823-26-000024 index |
| 2026-11-05 | 10-Q | All annual, quarterly, and current reports | 2026-09-30 | 0001193125-26-447758 index |
| 2026-11-04 | 8-K | All annual, quarterly, and current reports | 2026-11-04 | 0001193125-26-447285 index |
| 2026-10-26 | 15-12G | All annual, quarterly, and current reports | no report period | 0001193125-26-431989 index |
| 2026-10-14 | 25-NSE | All annual, quarterly, and current reports | no report period | 0000876882-26-000031 index |
| 2026-10-14 | 25-NSE | All annual, quarterly, and current reports | no report period | 0000876661-26-000830 index |
| 2026-10-13 | S-8 POS | Registration statements and prospectuses | no report period | 0001193125-26-420617 index |
| 2026-10-13 | POSASR | Registration statements and prospectuses | no report period | 0001193125-26-420614 index |
| 2026-10-13 | POSASR | Registration statements and prospectuses | no report period | 0001193125-26-420595 index |
| 2026-10-13 | 8-A12B/A | Registration statements and prospectuses | no report period | 0001193125-26-420585 index |
| 2026-10-13 | 8-A12B/A | Registration statements and prospectuses | no report period | 0001193125-26-420567 index |
| 2026-10-13 | 8-K12B | no category | 2026-10-13 | 0001193125-26-420543 index |
| 2026-10-01 | 8-K | All annual, quarterly, and current reports | 2026-10-01 | 0001193125-26-410656 index |
| 2026-09-23 | DEF 14C | Proxy materials | 2026-09-23 | 0001193125-26-398459 index |
| 2026-09-22 | 8-K | All annual, quarterly, and current reports | 2026-09-22 | 0001193125-26-398048 index |
| 2026-09-22 | 8-K | All annual, quarterly, and current reports | 2026-09-22 | 0001193125-26-397278 index |
| 2026-09-21 | 8-K | All annual, quarterly, and current reports | 2026-09-18 | 0001193125-26-396773 index |
| 2026-08-19 | PRE 14C | Proxy materials | 2026-08-18 | 0001193125-26-355866 index |
| 2026-08-14 | SCHEDULE 13G/A | Beneficial ownership reports | no report period | 0001897612-26-000620 index |
| 2026-08-11 | 4 | Insider equity awards, transactions, and ownership (Section 16 Reports) | 2026-08-07 · transaction | 0001193125-26-345454 index |
| 2026-08-11 | 4 | Insider equity awards, transactions, and ownership (Section 16 Reports) | 2026-08-07 · transaction | 0001193125-26-345446 index |
| 2026-08-11 | SCHEDULE 13D/A | Beneficial ownership reports | no report period | 0001193125-26-345444 index |
| 2026-08-07 | 144 | no category | no report period | 0001193125-26-340653 index |
| 2026-08-06 | 4 | Insider equity awards, transactions, and ownership (Section 16 Reports) | 2026-08-04 · transaction | 0001193125-26-338595 index |
| 2026-08-06 | 4 | Insider equity awards, transactions, and ownership (Section 16 Reports) | 2026-08-04 · transaction | 0001193125-26-338588 index |
| 2026-08-06 | 4 | Insider equity awards, transactions, and ownership (Section 16 Reports) | 2026-08-04 · transaction | 0001193125-26-338566 index |
| 2026-08-06 | 4 | Insider equity awards, transactions, and ownership (Section 16 Reports) | 2026-08-04 · transaction | 0001193125-26-338557 index |
| 2026-08-06 | 4 | Insider equity awards, transactions, and ownership (Section 16 Reports) | 2026-08-04 · transaction | 0001193125-26-338555 index |
| 2026-08-06 | 4 | Insider equity awards, transactions, and ownership (Section 16 Reports) | 2026-08-04 · transaction | 0001193125-26-338548 index |
| 2026-08-06 | 4 | Insider equity awards, transactions, and ownership (Section 16 Reports) | 2026-08-04 · transaction | 0001193125-26-338546 index |
Insider activity by month
| Month | Bought | Buys | Sold | Sells |
|---|---|---|---|---|
| 2026-11 | 0 | 0 | 0 | 0 |
| 2026-10 | 0 | 0 | 0 | 0 |
| 2026-09 | 0 | 0 | 0 | 0 |
| 2026-08 | 0 | 0 | 187.63M | 2 |
| 2026-07 | 0 | 0 | 0 | 0 |
| 2026-06 | 0 | 0 | 0 | 0 |
| 2026-05 | 0 | 0 | 0 | 0 |
| 2026-04 | 0 | 0 | 0 | 0 |
| 2026-03 | 0 | 0 | 3.97M | 3 |
| 2026-02 | 0 | 0 | 0 | 0 |
| 2026-01 | 164.63K | 3 | 0 | 0 |
| 2025-12 | 0 | 0 | 0 | 0 |
| 2025-11 | 0 | 0 | 525.00M | 3 |
Institutional holders
| Manager | % owned |
|---|---|
| FIRST MANHATTAN CO. LLC. | 25.44% |
| HORIZON KINETICS ASSET MANAGEMENT LLC | 19.69% |
| FMR LLC | 7.85% |
| T. Rowe Price Investment Management, Inc. | 4.59% |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 4.55% |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 3.87% |
| SCHWARTZ INVESTMENT COUNSEL INC | 2.85% |
| MORGAN STANLEY | 2.63% |
| UBS Group AG | 2.14% |
| Hood River Capital Management LLC | 2.13% |
Funds
| Fund | % owned |
|---|---|
| MEDIUM-DURATION BOND FUND | 4.89% |
| Horizon Kinetics Inflation Beneficiaries ETF | 4.62% |
| High Income Fund | 3.95% |
| VANGUARD REAL ESTATE INDEX FUND | 3.80% |
| Kinetics Paradigm Portfolio | 3.29% |
| Fidelity Dividend Growth Fund | 2.65% |
| T. Rowe Price Small-Cap Stock Fund, Inc. | 2.04% |
| Hood River Small-Cap Growth Fund | 2.03% |
| Empower Multi-Sector Bond Fund | 1.45% |
| Kinetics Small Cap Opportunities Portfolio | 1.42% |
OakChart. LB. Cached 15 minutes. Terms