LandBridge and WaterBridge Q3 revenue jumps 40% and 95% year over year

what happened

According to TradingView summaries of SEC 10-Q filings, LandBridge's third-quarter 2026 revenue reached $70.89 million, up 39.5% from $50.83 million a year earlier. Net income attributable to LandBridge Company LLC rose 59.8% to $12.96 million. The main drivers were produced-water handling royalties and easement revenue tied to oil, gas and water infrastructure. Higher realized oil and condensate prices also helped, while interest expense and depreciation increased.

WaterBridge posted revenue of $240.16 million against $123.25 million a year earlier, a gain of 94.9%. Net income attributable to WaterBridge Infrastructure LLC was $5.53 million, compared with a loss of $667 thousand. Produced-water handling volumes rose 82% to 2,752 thousand barrels per day, and the realized skim oil price climbed 43% to $84.24 per barrel.

why it matters

Both reports show that produced-water infrastructure is becoming a meaningful revenue source for oil producers rather than a side business. Higher realized prices for oil and skim oil add to the effect for both companies, so their quarterly results are worth watching when assessing the oilfield services segment.

market impact

LandBridge and WaterBridge shares: strong revenue and profit growth supports the stocks

• ▲WaterBridge shares pressure up — revenue nearly doubled and the company moved into net profit
• ▲LandBridge shares pressure up — revenue and net income grew 40% and 60% respectively

tags

instruments