What move does the options market price into LandBridge's report?

Implied ±6.7%, either direction.

LBNYSEOil Royalty Traders

LandBridge Co LLC (LB) earnings date, market-implied expected move, and options open interest by expiry

82.42

Closed18:17 ET

Open82.99Volume206,940Mkt cap$6.4BP/E173.38Div yield0.55%

Day82.42 – 83.290%52-wk43.55 – 91.5781%

LandBridge Co LLC

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±6.7%implied · report alone

78.0089.18

straddle ±10.1%

spot 83.59exp Nov 20ATM strike 85ATM straddle 9.90IV 61%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 11

after close · in 11 days

est.Q3 FY26

Calendar

Next report

Last report

+6.31%

shaded = implied · ▲▼ = realized

Aug 5 '26 · confirmed

Implied vs realized

Linked news

News

Largest filed tie

13F top-10 QoQ

+1.47%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

192 managers

Top fund weight

0.11%

LB weight · VNQ

N-PORTJul 31 '26

1 fund

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

LandBridge (LB) is expected to report on Nov 11 after close (estimated date).

Implied vs realized

1 report

—≥ implied

Q2 FY26Aug 5 '26confirmed—▲+6.31%—

quarterimplied−10%0+10%realized×

Q2 FY26—▲+6.31%—

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 3 expiries · Oct 30 close

0.43OI · 3 expiries · Oct 30 closeP/C open interest · Nov 20 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

449+4%Nov 2020d1,048+3%

564−1%Dec 1848d0.291,969−3%0.29

197+11%Feb 19111d0.44452+14%0.44

ExpiryPutsCallsP/C

Nov 2020d449+4%1,048+3%0.43

Dec 1848d564−1%1,969−3%0.29

Feb 19111d197+11%452+14%0.44

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±10.1%

Funds 1

VNQ±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

46.45%as filednet margin · revenue +31.05% QoQ · +40.62% YoY

Revenue

$67M+31.05% QoQ

Gross profit

$66M+29.84% QoQ

98.30% margin

Operating income

$44M+51.34% QoQ

66.07% margin

Pre-tax income

$35M+77.80% QoQ

Net income

$31M+73.77% QoQ

46.45% margin

Cost of revenue

$1M+185.39% QoQ

Operating expenses

$22M+0.56% QoQ

SG&A $17M

Depreciation $4M

Other expense

$9M

Tax

$4M+118.11% QoQ

Revenue$67M+31.05%

Gross profit

$66M+29.84%

98.30% margin

Operating income

$44M+51.34%

66.07% margin

Pre-tax income

$35M+77.80%

Net income

$31M+73.77%

46.45% margin

Cost of revenue

$1M+185.39%

Operating expenses

$22M+0.56%

SG&A $17M

Depreciation $4M

Other expense

$9M

Tax$4M+118.11%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 18:15 ET

Intraday

Event sensitivity

NFP ×1.32· ±3.9% vs ±3.0% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±3.9%6 of 10×1.32

CPIconsumer prices±3.9%6 of 11×1.30

FOMCrate decision±3.2%9 of 18×1.09

CPROFcorporate profits±2.3%6 of 12×0.78

PCEpersonal income & outlays±2.3%13 of 19×0.78

GDPgross domestic product±1.9%11 of 19×0.63

PPIproducer prices±1.8%4 of 11×0.59

Bar = avg |move| to ±4% · tick = ±3.0% avg day · ×base = |move| ÷ ±3.0% · min 6 releases

Earnings history

EPS 0.40 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 5 '26 · confirmed	0.40	—
Q1 FY26	—	0.23	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod