Royal Gold (RGLD)
NASDAQ:RGLD
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Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.76Last Year’s EPS
1.81Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly positive quarter driven by record revenue, earnings, and operating cash flow supported by significantly higher metal prices and strong stream and royalty contributions. Management strengthened liquidity, added capital allocation tools (accordion revolver and $500M buyback authorization), and executed portfolio rationalizations and divestitures. Key challenges include higher DD&A and interest costs from recent acquisitions and revolver use, some asset-specific operational transitions (Peñasquito ramp-down, Coimolache contractor changes), and ongoing uncertainty at Hod Maden and with remaining non-core equity positions. Overall, positives (record financials, improved liquidity, strategic tools, portfolio progress) materially outweighed the lowlights.Company Guidance
Record Revenue and Earnings
Quarterly revenue of $469 million (record), up 143% year-over-year; net income $281 million, up 148% YoY; adjusted net income $233 million or $2.72 per share, up 80% YoY.
Strong Operating Cash Flow and Margins
Operating cash flow of $294 million, up 115% YoY; adjusted EBITDA margin remained high at 83%, reflecting low and stable cash G&A.
Metal Price Tailwind
Significant commodity price increases contributed to results: gold +70%, silver +165%, copper +38% versus prior-year quarter; silver strength raised silver revenue to 16% of mix (from 12%).
Stream and Royalty Revenue Growth
Stream revenue rose 155% YoY to $313 million; royalty revenue increased 120% YoY to $156 million; total GEOs of 96,300 for the quarter.
Improved Liquidity and Debt Reduction
Repaid $300 million on the revolver in the quarter and rebuilt total available liquidity to $1.1 billion; additional $75 million repaid in April and a further $100 million planned; management expects to fully repay outstanding revolver balance by Q4 (absent major acquisitions).
Capital Allocation Tools Added
Board authorized a $500 million share repurchase program and the revolver includes a $600 million accordion feature (raising potential capacity to $2.0 billion) to support growth and opportunistic buybacks.
Portfolio and Transaction Execution
Completed Bear Creek restructuring converting interests into cash, Calibre Silver shares and royalties; sold Highlander shares (recognized ~$14 million gain on sale of marketable securities); several portfolio assets reported positive near-term developments (Mount Milligan on plan, Kansanshi throughput ~25% above design, Greenstone technical report targeting ~320k oz/yr).
Transparency Initiative
Management will provide additional pre-quarterly disclosure (third full week after quarter end) with segment-level estimates for Stream and Royalty revenue to increase transparency.
RGLD 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
RGLD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $236.88 | $232.68 | -1.77% |
Feb 18, 2026 | $277.27 | $271.29 | -2.16% |
Nov 05, 2025 | $172.64 | $169.00 | -2.11% |
Aug 06, 2025 | $160.33 | $164.31 | +2.48% |
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 Aug 05, 2026, After Close (Confirmed).
What is Royal Gold (RGLD) earnings time?
Royal Gold (RGLD) earnings time is at Aug 05, 2026, 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 2026 (Q2) is 2.76.