The earnings call highlighted strong financial performance with record revenue and earnings, significant strategic acquisitions, and a robust liquidity position. However, challenges such as reduced production guidance at key assets and exposure to political risks in Africa were noted. The positive aspects outweigh the concerns, leading to a favorable outlook.

Company Guidance -

Q3 2025

In the second quarter of 2025, Royal Gold achieved record financial performance with revenue reaching $210 million, earnings at $132 million or $2.01 per share, and cash flow also setting a new high. After adjusting for discrete tax items, adjusted net income stood at $119 million or $1.81 per share. The company's revenue was primarily driven by gold, which contributed 78% of the total, with an adjusted EBITDA margin of 84%. Royal Gold remained debt-free at quarter's end and distributed a quarterly dividend of $0.45 per share. Strategic acquisitions, including Sandstorm Gold and Horizon Copper, are set to enhance growth, diversification, and scale, ensuring no single asset exceeds 12% of NAV. The company also acquired a gold stream on the Kansanshi mine, expecting approximately 12,500 ounces of gold deliveries in 2025. Despite some production challenges at Mount Milligan and other sites, Royal Gold maintained its 2025 guidance for metal sales, DD&A, and tax rate, supported by a robust portfolio and strategic investments. The company also secured liquidity of over $1.25 billion, including a $1.4 billion credit facility, to support ongoing and future growth initiatives.

Record-Breaking Revenue and Earnings

Royal Gold reported record revenue of $210 million, a 20% increase from the prior year, and record earnings of $132 million or $2.01 per share.

Strong Gold Contribution and EBITDA Margin

Gold contributed 78% of total revenue, supported by a strong gold price, leading to an adjusted EBITDA margin of 84%.

Strategic Acquisitions

The company completed acquisitions of Sandstorm Gold and Horizon Copper, which are expected to add significant scale, growth, and diversification to the portfolio.

Debt-Free Status and Increased Liquidity

Royal Gold ended the quarter debt-free and increased total liquidity to over $1.25 billion, including a fully undrawn $1 billion revolving credit facility.

New Gold Stream on Kansanshi Mine

Royal Gold acquired a gold stream on the Kansanshi mine, enhancing portfolio diversification, with expected gold deliveries of approximately 12,500 ounces this year.

Royal Gold (RGLD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

RGLD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	2.14 / -	1.47	―	―	―
Aug 06, 2025	2025 (Q2)	1.69 / 1.81	1.25	44.80% (+0.56)
May 07, 2025	2025 (Q1)	1.43 / 1.51	0.91	65.93% (+0.60)
Feb 12, 2025	2024 (Q4)	1.48 / 1.63	0.95	71.58% (+0.68)
Nov 06, 2024	2024 (Q3)	1.32 / 1.47	0.76	93.42% (+0.71)
Aug 07, 2024	2024 (Q2)	1.18 / 1.25	0.88	42.05% (+0.37)
May 08, 2024	2024 (Q1)	0.92 / 0.91	0.96	-5.21% (-0.05)
Feb 14, 2024	2023 (Q4)	0.76 / 0.95	0.91	4.40% (+0.04)
Nov 01, 2023	2023 (Q3)	0.78 / 0.76	0.71	7.04% (+0.05)
Aug 02, 2023	2023 (Q2)	0.86 / 0.88	0.81	8.64% (+0.07)

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

RGLD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$161.33	$165.33	+2.48%
May 07, 2025	$182.19	$178.27	-2.15%
Feb 12, 2025	$146.42	$152.69	+4.28%
Nov 06, 2024	$143.60	$146.05	+1.71%

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 Royal Gold (RGLD) report earnings?

Royal Gold (RGLD) is schdueled to report earning on Oct 29, 2025, After Close (Confirmed).

What is Royal Gold (RGLD) earnings time?

Royal Gold (RGLD) earnings time is at Oct 29, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is RGLD EPS forecast?

RGLD EPS forecast for the fiscal quarter 2025 (Q3) is 2.14.

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