LandBridge gains on agreement with NRG Energy to power potential data center in Texas

Shares of LandBridge LB.N, landowner in oil-rich Permian Basin in U.S., rise 6.2% to $55.40 premarket

Company enters into agreement with utility NRG Energy NRG.N to power potential data center in Reeves County, Texas, in Delaware Basin

LB says NRG may build 1,100 megawatt gas power plant at site if it secures power purchase agreement for data center

Company adds that initial air permit applications and electric interconnection requests have been submitted, which would allow for in-service date as early as year-end 2029, if project moves forward

As of last close, LB shares down 19.2% YTD