Acacia Research Corp. (ACTG)
NASDAQ:ACTG
Earnings Data
Report Date
May 07, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.09Last Year’s EPS
0.34Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive tone: management delivered record consolidated revenue, strong adjusted EBITDA and operating cash flow, materially improved operated-segment economics (LTM adj. EBITDA up from $4.3M to >$40M), preserved a strong cash position and paid down subsidiary debt while executing operational improvements (e.g., plant consolidation, Cherokee well drilling). Challenges remain—tariff impacts, cyclical weakness at Deflecto, manufacturing cash flow timing, hedging that limits upside to higher oil prices, and the episodic nature of IP monetization—but these headwinds were presented as manageable and being actively mitigated. Overall, the highlights and strategic progress outweigh the lowlights.Company Guidance
Record Full-Year Revenue and Strong Profitability
Full-year 2025 revenue of $285.2M (record for Acacia), up 133% year-over-year; total company adjusted EBITDA of $77.9M; operated segment adjusted EBITDA of $96.4M; operating cash flow of $75.2M.
Material Improvement in Operated Segment EBITDA
LTM operated segment adjusted EBITDA (ex-episodic IP) grew from $4.3M at Q4 2023 to over $40M at Q4 2025, reflecting substantial operational progress and scale.
Strong Cash Position and Balance Sheet Actions
Cash, cash equivalents, equity securities and loans receivable totaled $339.6M at 12/31/2025 (up ~$42.6M year-over-year); parent deployable cash preserved (~$340M vs ~$350M at end of 2022); parent company total indebtedness was $0 at year end.
Debt Reduction at Operating Subsidiaries
Since acquisitions, Benchmark paid down ~ $23M in total debt and Deflecto paid down ~ $16M, lowering consolidated nonrecourse indebtedness to $92.1M and reducing interest burden and leverage.
Energy Segment Performance and Risk Management
Benchmark delivered record production in Q4 and FY energy revenue of $63.8M (vs $49.2M prior year, ~+30%); energy adjusted EBITDA of $8.1M in Q4; hedging program protects ~75% of operated production with hedges in place through early 2028 (average hedge price ~ $70/bbl).
Deflecto Operational Actions and Cost Savings
Deflecto Q4 revenue $26.4M and adjusted EBITDA $1.1M; completed consolidation of Portland into Dover and sale of non-core assets producing nearly $5M net proceeds and expected annualized cost savings of approximately $2M once consolidation is complete.
Intellectual Property Monetization and FY Contribution
IP segment generated FY licensing & other revenue of $78.4M and FY adjusted EBITDA of $56.3M, including Q4 EBITDA benefit of $12.1M tied to a settlement (IP remains an episodic but high-impact cash contributor).
Improved GAAP Results and Adjusted Net Income
Consolidated GAAP net income for 2025 of $21.7M ($0.22/diluted share) vs a net loss of $36.1M prior year; adjusted net income of $29.2M ($0.30/share) for full year 2025.
Parent Cost Management
Reported consolidated G&A decreased to $16.3M in Q4 2025 from $21.5M in Q4 2024 (driven by nonrecurring transaction costs in prior year); adjusted parent G&A remained relatively stable at ~$5M in Q4.
Strategic Execution and M&A Optionality
Completed acquisitions (Deflecto, Revolution assets), monetized legacy assets ($187M extracted from IP portfolio), and assembled Cherokee acreage and drilled first new well, creating optionality to monetize or grow Benchmark production prudently from internal cash flows.
ACTG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ACTG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 11, 2026 | $4.15 | $5.00 | +20.48% |
Nov 05, 2025 | $3.28 | $3.62 | +10.37% |
Aug 06, 2025 | $3.59 | $3.26 | -9.19% |
May 08, 2025 | $3.07 | $3.54 | +15.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Acacia Research Corp. (ACTG) report earnings?
Acacia Research Corp. (ACTG) is schdueled to report earning on May 07, 2026, After Close (Confirmed).
What is Acacia Research Corp. (ACTG) earnings time?
Acacia Research Corp. (ACTG) earnings time is at May 07, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is ACTG EPS forecast?
ACTG EPS forecast for the fiscal quarter 2026 (Q1) is -0.09.