LandBridge Surges 6% on 2GW AI Data Center Deal

LandBridge Company LLC shares jumped 6.28% to $68.05 Friday after investors rallied behind the Permian Basin land owner's growing role in AI infrastructure. The surge follows an April 2 lease agreement with PowerBridge LLC, granting options on 3,400 acres in Reeves County, Texas, for a giga-scale data center with up to 2GW of co-located power generation. The Houston-based company, which owns over 315,000 surface acres, reported 2025 revenue of $199.1 million, up 81% year-over-year. Goldman Sachs raised its price target to $84, citing repeatable growth potential. LandBridge guides for 2026 adjusted EBITDA of $205 to $225 million, driven by surface activity and new infrastructure deals.