Скачать или смотреть LandBridge (NYSE: LB) vs Texas Pacific Land (NYSE: TPL): 💰 Mineral Giant vs. 91% Fixed-Fee AI Baron

Welcome back to Griffonomics, where we conduct financial investigations to define the risk before we look at the reward. Today, we're comparing Landbridge (LB) and Texas Pacific Land (TPL).

The Risk: We analyze TPL's extreme exposure to *O&G commodity price volatility* (53% of Q3 revenue) and the *inefficiency of its checkerboard land**. We examine LB's **$200.0M Delayed Draw Term Loan* (used for acquisitions) and the timing risk of its *Powered Land Strategy* and **AI data center deals**.

The Reward: We define TPL's immense *legacy scale* ($\approx$ *882,000 surface acres**) and its **zero debt* balance sheet, backed by a *$500M undrawn Credit Facility**. We highlight LB's superior structural stability: **91% fixed-fee revenue* and an *88% Adjusted EBITDA Margin**. We detail LB's aggressive pivot toward **AI infrastructure* (including an *$8M nonrefundable data center option**) and its valuable **geologically resilient pore space* against the looming *$9M barrels/day disposal shortfall* by 2035.

🎥 Video Chapters
Intro: Defining the Mineral Giant vs. Surface Baron Conflict
Revenue Structures: Commodity Upside vs. 91% Fixed-Fee Stability
Land Strategy: Checkerboard Inefficiency vs. Contiguous Controll
The AI & Data Center Opportunity
Balance Sheet and Risk: Debt vs. Leverage
FINAL VERDICT: Legacy Scale vs. Infrastructure Future


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The content provided on the Griffonomics channel is for informational and educational purposes only and reflects the creator's personal opinions and research for their own portfolio. It is NOT financial advice. Always conduct your own thorough research before making any investment decisions.