Latest news with #LandBridge
Associated Press
15-05-2025
- Business
- Associated Press
Five Point Infrastructure Announces the Formation of PowerBridge With a $1 Billion Equity Commitment, to Develop and Build Gigawatt-Scale Powered Data Center Campuses in North America
HOUSTON--(BUSINESS WIRE)--May 15, 2025-- Five Point Infrastructure LLC (formerly known as Five Point Energy, 'Five Point') today announced the formation and funding of PowerBridge LLC ('PowerBridge' or the 'Company'), with an equity commitment of up to $1 billion. PowerBridge is focused on developing, building, and managing gigawatt-scale data center campuses, associated power infrastructure and fiber network connectivity throughout North America. The formation of PowerBridge builds on Five Point's powered land strategy, developing significant digital infrastructure projects that require abundant and reliable power and related infrastructure. Through affiliate company LandBridge (NYSE: LB), a leading land management business, PowerBridge will immediately gain access to more than 275,000 surface acres for infrastructure development, as well as direct access to low cost natural gas due to LandBridge's strategic positioning adjacent to the Waha Gas market hub. The platform will also uniquely benefit from its relationship with Five Point backed WaterBridge, a pioneer of water management and the largest pureplay, privately-held midstream water management company in the Delaware Basin, in addressing the cooling water needs of data centers and new power generation. PowerBridge is led by CEO Alex Hernandez. Prior to founding PowerBridge, Mr. Hernandez was Founder and CEO of Cumulus Data and CEO of Talen Energy Corp (NASDAQ: TLN), one of the largest competitive power companies in North America with ~15 GW of power generation assets. Cumulus Data was sold to Amazon Web Services (AWS) in May 2024. Mr. Hernandez currently serves on the Board of Directors of ERCOT, which manages the flow of electric power to 27 million Texas customers and 90 percent of the state's electric load. Mr. Hernandez said, 'We are excited to partner with Five Point to capitalize on this generational moment in the growth and convergence of energy and digital infrastructure. With Five Point's institutional support, our collective energy infrastructure, power operations, data center development, and fiber experience, and the significant additional value that other Five Point portfolio companies can bring for customers, we look forward to providing hyperscale customers with turnkey data center campus solutions at scale.' The PowerBridge team, including Mr. Hernandez and other former Cumulus executives, is the only team to successfully develop and deliver a gigawatt-scale data center campus directly connected to wholesale power generation assets, without a grid connection. The 1 GW Cumulus data center campus was directly connected to Talen Energy's 2.6 GW Susquehanna Nuclear Power Plant in Berwick, PA. Validating the success of this project, AWS is in the process of deploying approximately $12 billion of capital into this digital giga-campus by constructing 17 data center buildings (~960 MW in aggregate). The team that developed this campus has been re-assembled to execute similar digital giga-campus deployments within PowerBridge. David Capobianco, CEO and Managing Partner of Five Point, said, 'The formation of PowerBridge adds another important component to our powered land strategy. Together with Landbridge, WaterBridge, our deep institutional relationships and track record of building critical infrastructure companies, PowerBridge is well positioned to create best-in-class data, power, and fiber solutions for data center customers.' Mr. Capobianco continued, 'Alex and his team transformed the power and data center industries with the Cumulus project, and we firmly believe this experience, combined with our resources, will redefine the digital infrastructure landscape once again by providing a differentiated, integrated and competitive solution at multi-gigawatt scale.' About PowerBridge LLC PowerBridge develops, builds and manages gigawatt-scale data center campuses and associated power infrastructure and network connectivity throughout North America. For more information, please visit About Five Point Infrastructure Five Point Infrastructure LLC (formerly known as Five Point Energy LLC) is a private equity and infrastructure investor focused on investments within the North American powered land, surface management, water management, and sustainable infrastructure sectors. The firm was founded by industry veterans with demonstrated records of success investing in, building, and running infrastructure companies. Based in Houston, Texas, Five Point has approximately $8 billion of assets under management across multiple investment funds. For further information, please visit About LandBridge LandBridge (NYSE: LB) owns approximately 277,000 surface acres across Texas and New Mexico, located primarily in the heart of the Delaware sub-region in the Permian Basin, the most active region for oil and gas exploration and development in the United States. LandBridge actively manages its land and resources to support and encourage energy and infrastructure development and other land uses, including digital infrastructure. LandBridge was formed by Five Point. For more information, please visit: About NDB Midstream and WaterBridge Operating LLC (collectively, 'WaterBridge') NDB Midstream LLC is a strategic partnership between Five Point Energy and Devon Energy Corp. (NYSE: DVN) that operates full-cycle produced water transportation, handling, recycling and reuse assets in the northern Delaware Basin in West Texas and New Mexico and the Eagle Ford Basin in South Texas. NDB Midstream LLC handles approximately 1.2 million bpd of produced water and owns 2.0 million bpd of produced water handling capacity. WaterBridge Operating LLC is a portfolio company of Five Point Energy and GIC that operates full-cycle produced water transportation, handling, recycling and reuse assets in southern Delaware Basin in West Texas and the Arkoma Basin in Oklahoma. WaterBridge Operating LLC handles approximately 1.2 million bpd of produced water and owns 2.2 million bpd of produced water handling capacity. WaterBridge collectively comprises the largest pure play produced water midstream business in the industry. Headquartered in Houston, Texas, WaterBridge benefits from a first-mover advantage in the emerging water midstream sector with a management team with extensive experience in the water midstream industry. For further information, please visit Cautionary Statement Regarding Forward-Looking Statements This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on Five Point's beliefs, as well as assumptions made by, and information currently available to, Five Point, and therefore involve risks and uncertainties that are difficult to predict. Generally, future or conditional verbs such as 'will,' 'would,' 'should,' 'could,' or 'may' and the words 'believe,' 'anticipate,' 'continue,' 'intend,' 'expect' and similar expressions identify forward-looking statements. Forward-looking statements include, but are not limited to, strategies, plans, objectives, expectations, intentions, assumptions, future operations and prospects and other statements that are not historical facts, including our estimated future financial performance. You should not place undue reliance on forward-looking statements. Although Five Point believes that plans, intentions and expectations reflected in or suggested by any forward-looking statements made herein are reasonable, Five Point and its portfolio companies, including LandBridge and PowerBridge, may be unable to achieve such plans, intentions or expectations and actual results, and performance or achievements may vary materially and adversely from those envisaged in this news release due to a number of factors including, but not limited to: potential hyperscale customers' demand for and use of LandBridge's land and resources; the success of our affiliates, including LandBridge, PowerBridge, WaterBridge, and the counterparty to the previously disclosed lease development agreement, in executing their business strategies, including their ability to construct infrastructure, attract customers and operate successfully on LandBridge's land; potential customers' willingness and ability to develop LandBridge's land or any potential acquired acreage to accommodate any future surface use developments, such as the site under contract for the data center lease development agreement; LandBridge's ability to enter into favorable contracts regarding surface uses, access agreements and fee arrangements, including the prices LandBridge is able to charge and the margins LandBridge is able to realize; LandBridge's ability to successfully implement its growth plans, including through the future acquisitions of acreage and/or introduction of new revenue streams; PowerBridge's ability to acquire or develop power generation infrastructure; and any changes in general economic and/or industry specific conditions. These risks, as well as other risks associated with LandBridge are also more fully discussed in LandBridge's final prospectus filed with the SEC on March 25, 2025, and LandBridge's subsequent SEC filings. You can access LandBridge's filings with the SEC through the SEC's website at Except as required by applicable law, neither Five Point nor LandBridge undertakes any obligation to update any forward-looking statements or other statements herein for revisions or changes after this communication is made. View source version on CONTACT: Media Contacts Daniel Yunger / Nathaniel Shahan Kekst CNC [email protected]/[email protected] KEYWORD: UNITED STATES NORTH AMERICA TEXAS INDUSTRY KEYWORD: OTHER ENERGY UTILITIES NATURAL RESOURCES HARDWARE ENERGY DATA MANAGEMENT TECHNOLOGY OTHER NATURAL RESOURCES SOURCE: Five Point Infrastructure LLC Copyright Business Wire 2025. PUB: 05/15/2025 08:15 AM/DISC: 05/15/2025 08:16 AM
Business Wire
15-05-2025
- Business
- Business Wire
Five Point Infrastructure Announces the Formation of PowerBridge With a $1 Billion Equity Commitment, to Develop and Build Gigawatt-Scale Powered Data Center Campuses in North America
HOUSTON--(BUSINESS WIRE)--Five Point Infrastructure LLC (formerly known as Five Point Energy, 'Five Point') today announced the formation and funding of PowerBridge LLC ('PowerBridge' or the 'Company'), with an equity commitment of up to $1 billion. PowerBridge is focused on developing, building, and managing gigawatt-scale data center campuses, associated power infrastructure and fiber network connectivity throughout North America. The formation of PowerBridge builds on Five Point's powered land strategy, developing significant digital infrastructure projects that require abundant and reliable power and related infrastructure. Through affiliate company LandBridge (NYSE: LB), a leading land management business, PowerBridge will immediately gain access to more than 275,000 surface acres for infrastructure development, as well as direct access to low cost natural gas due to LandBridge's strategic positioning adjacent to the Waha Gas market hub. The platform will also uniquely benefit from its relationship with Five Point backed WaterBridge, a pioneer of water management and the largest pureplay, privately-held midstream water management company in the Delaware Basin, in addressing the cooling water needs of data centers and new power generation. PowerBridge is led by CEO Alex Hernandez. Prior to founding PowerBridge, Mr. Hernandez was Founder and CEO of Cumulus Data and CEO of Talen Energy Corp (NASDAQ: TLN), one of the largest competitive power companies in North America with ~15 GW of power generation assets. Cumulus Data was sold to Amazon Web Services (AWS) in May 2024. Mr. Hernandez currently serves on the Board of Directors of ERCOT, which manages the flow of electric power to 27 million Texas customers and 90 percent of the state's electric load. Mr. Hernandez said, 'We are excited to partner with Five Point to capitalize on this generational moment in the growth and convergence of energy and digital infrastructure. With Five Point's institutional support, our collective energy infrastructure, power operations, data center development, and fiber experience, and the significant additional value that other Five Point portfolio companies can bring for customers, we look forward to providing hyperscale customers with turnkey data center campus solutions at scale.' The PowerBridge team, including Mr. Hernandez and other former Cumulus executives, is the only team to successfully develop and deliver a gigawatt-scale data center campus directly connected to wholesale power generation assets, without a grid connection. The 1 GW Cumulus data center campus was directly connected to Talen Energy's 2.6 GW Susquehanna Nuclear Power Plant in Berwick, PA. Validating the success of this project, AWS is in the process of deploying approximately $12 billion of capital into this digital giga-campus by constructing 17 data center buildings (~960 MW in aggregate). The team that developed this campus has been re-assembled to execute similar digital giga-campus deployments within PowerBridge. David Capobianco, CEO and Managing Partner of Five Point, said, 'The formation of PowerBridge adds another important component to our powered land strategy. Together with Landbridge, WaterBridge, our deep institutional relationships and track record of building critical infrastructure companies, PowerBridge is well positioned to create best-in-class data, power, and fiber solutions for data center customers.' Mr. Capobianco continued, 'Alex and his team transformed the power and data center industries with the Cumulus project, and we firmly believe this experience, combined with our resources, will redefine the digital infrastructure landscape once again by providing a differentiated, integrated and competitive solution at multi-gigawatt scale.' About PowerBridge LLC PowerBridge develops, builds and manages gigawatt-scale data center campuses and associated power infrastructure and network connectivity throughout North America. For more information, please visit About Five Point Infrastructure Five Point Infrastructure LLC (formerly known as Five Point Energy LLC) is a private equity and infrastructure investor focused on investments within the North American powered land, surface management, water management, and sustainable infrastructure sectors. The firm was founded by industry veterans with demonstrated records of success investing in, building, and running infrastructure companies. Based in Houston, Texas, Five Point has approximately $8 billion of assets under management across multiple investment funds. For further information, please visit About LandBridge LandBridge (NYSE: LB) owns approximately 277,000 surface acres across Texas and New Mexico, located primarily in the heart of the Delaware sub-region in the Permian Basin, the most active region for oil and gas exploration and development in the United States. LandBridge actively manages its land and resources to support and encourage energy and infrastructure development and other land uses, including digital infrastructure. LandBridge was formed by Five Point. For more information, please visit: About NDB Midstream and WaterBridge Operating LLC (collectively, 'WaterBridge') NDB Midstream LLC is a strategic partnership between Five Point Energy and Devon Energy Corp. (NYSE: DVN) that operates full-cycle produced water transportation, handling, recycling and reuse assets in the northern Delaware Basin in West Texas and New Mexico and the Eagle Ford Basin in South Texas. NDB Midstream LLC handles approximately 1.2 million bpd of produced water and owns 2.0 million bpd of produced water handling capacity. WaterBridge Operating LLC is a portfolio company of Five Point Energy and GIC that operates full-cycle produced water transportation, handling, recycling and reuse assets in southern Delaware Basin in West Texas and the Arkoma Basin in Oklahoma. WaterBridge Operating LLC handles approximately 1.2 million bpd of produced water and owns 2.2 million bpd of produced water handling capacity. WaterBridge collectively comprises the largest pure play produced water midstream business in the industry. Headquartered in Houston, Texas, WaterBridge benefits from a first-mover advantage in the emerging water midstream sector with a management team with extensive experience in the water midstream industry. For further information, please visit Cautionary Statement Regarding Forward-Looking Statements This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on Five Point's beliefs, as well as assumptions made by, and information currently available to, Five Point, and therefore involve risks and uncertainties that are difficult to predict. Generally, future or conditional verbs such as 'will,' 'would,' 'should,' 'could,' or 'may' and the words 'believe,' 'anticipate,' 'continue,' 'intend,' 'expect' and similar expressions identify forward-looking statements. Forward-looking statements include, but are not limited to, strategies, plans, objectives, expectations, intentions, assumptions, future operations and prospects and other statements that are not historical facts, including our estimated future financial performance. You should not place undue reliance on forward-looking statements. Although Five Point believes that plans, intentions and expectations reflected in or suggested by any forward-looking statements made herein are reasonable, Five Point and its portfolio companies, including LandBridge and PowerBridge, may be unable to achieve such plans, intentions or expectations and actual results, and performance or achievements may vary materially and adversely from those envisaged in this news release due to a number of factors including, but not limited to: potential hyperscale customers' demand for and use of LandBridge's land and resources; the success of our affiliates, including LandBridge, PowerBridge, WaterBridge, and the counterparty to the previously disclosed lease development agreement, in executing their business strategies, including their ability to construct infrastructure, attract customers and operate successfully on LandBridge's land; potential customers' willingness and ability to develop LandBridge's land or any potential acquired acreage to accommodate any future surface use developments, such as the site under contract for the data center lease development agreement; LandBridge's ability to enter into favorable contracts regarding surface uses, access agreements and fee arrangements, including the prices LandBridge is able to charge and the margins LandBridge is able to realize; LandBridge's ability to successfully implement its growth plans, including through the future acquisitions of acreage and/or introduction of new revenue streams; PowerBridge's ability to acquire or develop power generation infrastructure; and any changes in general economic and/or industry specific conditions. These risks, as well as other risks associated with LandBridge are also more fully discussed in LandBridge's final prospectus filed with the SEC on March 25, 2025, and LandBridge's subsequent SEC filings. You can access LandBridge's filings with the SEC through the SEC's website at Except as required by applicable law, neither Five Point nor LandBridge undertakes any obligation to update any forward-looking statements or other statements herein for revisions or changes after this communication is made.
Yahoo
13-05-2025
- Business
- Yahoo
IBD 50 Stock Nears Buy Point After Earnings, Analysts See Rising Profit Estimates
LandBridge stock has formed an early stage base after earnings. Shares have outperformed 97% of other stocks in the IBD database.
Yahoo
13-05-2025
- Business
- Yahoo
LandBridge Company LLC (LB): A Bull Case Theory
We came across a bullish thesis on LandBridge Company LLC (LB) on Substack by FJ Research. In this article, we will summarize the bulls' thesis on LB. LandBridge Company LLC (LB)'s share was trading at $69.12 as of May 8th. LB's trailing and forward P/E were 30.95 and 21.60 respectively according to Yahoo Finance. Aerial view of an oil and natural gas drilling operation on a leasehold position. LandBridge stands out as a quietly compelling opportunity at the intersection of energy security and AI infrastructure. In a market that has turned politically and institutionally cold toward oil, the fundamentals remain unchanged: global demand for oil is not going away, and scalable alternatives are not ready to take over. This disconnect creates fertile ground for companies like LandBridge, which don't bear the risk of drilling but benefit from ongoing production volumes. LandBridge owns over 273,000 surface acres in the Permian Basin — the most prolific oil-producing region in the U.S. — and monetizes this land through a royalty model that echoes the success of Texas Pacific Land (TPL), a legendary compounder. However, LandBridge offers more than just royalties. It owns WaterBridge, a critical and underappreciated water infrastructure platform that serves the region's fracking and wastewater disposal needs, and increasingly, cooling for hyperscale data centers. This last use case introduces the third — and perhaps most transformative — leg of LandBridge's business: AI infrastructure. West Texas isn't just oil-rich, it's power-rich, offering stable, low-cost electricity ideal for powering large-scale data center campuses. LandBridge is already moving on this front, with plans to build a 1-gigawatt data center hub alongside solar and power infrastructure — a massive opportunity to capitalize on the rising demand for compute power driven by AI and cloud growth. While TPL is now a $13+ billion company widely held by institutions, LandBridge, with a market cap under $2 billion, is earlier in its lifecycle and arguably offers greater upside through a more diversified value stack of oil, land, water, and data infrastructure. Insider alignment further strengthens the investment case. Chairman David Capobianco owns over 100 million shares, signaling deep commitment and skin in the game. Management has demonstrated strategic acumen with its $245 million acquisition of 46,000 additional acres in the Southern Delaware Basin in late 2024 — expanding its cash-generating footprint while peers pulled back. Importantly, this is not a speculative energy trade based on oil prices; LandBridge's revenues are tied to production volumes, offering resilience regardless of WTI volatility. At its core, LandBridge is a long-duration compounder disguised as a traditional energy asset. It sits at the confluence of secular tailwinds — the persistent role of oil in global growth and the explosive demand for data infrastructure. With embedded free cash flow, inflation-protected assets, and optionality across multiple monetizable vectors, LandBridge presents an asymmetric investment opportunity hiding in plain sight. LandBridge Company LLC (LB) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 20 hedge fund portfolios held LB at the end of the fourth quarter which was 12 in the previous quarter. While we acknowledge the risk and potential of LB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than LB but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Sign in to access your portfolio
Business Insider
08-05-2025
- Business
- Business Insider
LandBridge affirms 2025 adjusted EBITDA outlook $170M-$190M
19:44 EDT LandBridge (LB) affirms 2025 adjusted EBITDA outlook $170M-$190M Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
