{
  "url": "https://struct.news/briefs/landbridges-business-map-keeps-circling-back-to-waterbridge",
  "title": "LandBridge’s business map keeps circling back to WaterBridge",
  "summary": "LandBridge names WaterBridge as its supplier, customer, partner, and royalty-paying infrastructure operator.",
  "published_at": "2026-08-05T23:50:03.802170+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "LandBridge Company LLC",
    "ticker": "LB",
    "cik": null,
    "sector": "Energy",
    "industry": null
  },
  "source_filing": null,
  "comparison_filing": null,
  "reported_figures": [
    {
      "group": "LandBridge’s disclosed relationship map",
      "label": "Partner",
      "value": 4,
      "display": "4",
      "unit": "number",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Named in SEC filings",
        "as_of": "2026-08-05"
      }
    },
    {
      "group": "LandBridge’s disclosed relationship map",
      "label": "Customer",
      "value": 6,
      "display": "6",
      "unit": "number",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Named in SEC filings",
        "as_of": "2026-08-05"
      }
    },
    {
      "group": "LandBridge’s disclosed relationship map",
      "label": "Supplier",
      "value": 1,
      "display": "1",
      "unit": "number",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Named in SEC filings",
        "as_of": "2026-08-05"
      }
    }
  ],
  "watch_next": [
    {
      "type": "demand",
      "statement": "ConocoPhillips reported higher realized prices partly offset by lower volumes in its six-month earnings discussion, a current price-versus-volume split to compare with the next report.",
      "importance": "medium",
      "evidence": "Earnings in the six-month period ended June 30, 2026 included higher sales revenues resulting from higher realized prices of $183 million partly offset by lower volumes of $44 million.",
      "source_date": "2026-08-06"
    },
    {
      "type": "demand",
      "statement": "Devon attributed higher depreciation and depletion to higher volumes from the merger and new Permian wells, creating a specific production-volume disclosure to compare.",
      "importance": "medium",
      "evidence": "DD&A increased in the first six months of 2026 primarily due to higher volumes driven by the Merger and new well activity in the Permian.",
      "source_date": "2026-08-05"
    },
    {
      "type": "commodity_prices",
      "statement": "EOG attributed the latest revenue increase to higher natural gas deliveries and a higher composite average price, keeping volume and pricing central to the current earnings change.",
      "importance": "medium",
      "evidence": "The increase was due to an increase in natural gas deliveries ($514 million) and a higher composite average price ($82 million).",
      "source_date": "2026-08-04"
    },
    {
      "type": "commodity_prices",
      "statement": "Average realized natural gas price decreased to negative $0.29 in Q1 2026 (a 121% decline between periods).",
      "importance": "medium",
      "evidence": "Our average realized natural gas price decreased 121% between periods to negative $0.29 during the first quarter of 2026 due to negative regional market prices as discussed under the “Market Conditions” section above.",
      "source_date": "2026-05-07"
    }
  ],
  "related_tickers": [
    "COP",
    "DVN",
    "EOG",
    "FPH",
    "LB",
    "PR",
    "TPL",
    "WBI"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}