LandBridge Company (LB) Fell by Over 27% This Week. Here is Why

Core Insights - LandBridge Company LLC (NYSE:LB) experienced a significant share price decline of 27.52% from November 11 to November 18, 2025, ranking among the energy stocks that lost the most during that week [1] - The company reported mixed Q3 results on November 12, with earnings per share of $0.24 falling short of estimates by $0.27, while revenue increased by over 78% year-over-year to nearly $51 million, exceeding forecasts [3] - Adjusted EBITDA rose by 79% year-over-year, driven by surface and royalty earnings following a recent land acquisition [3] Company Actions - Following the Q3 report, Janney Montgomery Scott downgraded LandBridge from 'Buy' to 'Neutral', but raised its fair value estimate from $63 to $74 [4] - On November 14, LandBridge announced a public offering of 2.5 million Class A shares at $71 per share, with underwriters given a 30-day option to purchase an additional 375,000 shares [4]