Education
About Us
Working with TipRanks
Follow Us
Royal Gold (RGLD)
NASDAQ:RGLD
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
3.19Last Year’s EPS
1.51Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a strongly positive operational and financial picture: record revenue, cash flow and adjusted earnings, meaningful portfolio diversification via acquisitions, continued dividend growth, and faster-than-expected debt reduction. The primary negatives are largely transactional and one-time in nature (integration costs, a onetime Versamet share loss, higher DD&A from purchase accounting) and short-term delivery/timing variability and project-level uncertainties (Hod Maden, Pueblo Viejo recovery questions). Management characterizes most negatives as nonrecurring and expects a steadier profile in 2026, supporting a favorable outlook.Company Guidance
Record Annual Financial Performance
Full-year 2025 revenue of $1.0 billion (+43% vs 2024), operating cash flow of $705 million (+33%), GAAP earnings of $466 million (+40%), and adjusted net income of $510 million (+47% vs 2024). Adjusted EBITDA margin was 82% for the year.
Quarterly Revenue and Volume Records
Q4 revenue was a record $375 million on 90,800 GEOs. Stream revenue for the quarter was $265 million (up >110% YoY). Royalty revenue rose 42% YoY to $111 million.
Strong Metal Price Tailwinds
Metal prices drove revenue growth in the quarter with gold up 55% YoY, silver up 74% YoY and copper up 21% YoY; gold accounted for 78% of total revenue for the year and quarter.
Portfolio Growth and Diversification via Acquisitions
Completed major acquisitions including Sandstorm Gold and Horizon Copper and added a gold stream on Kansanshi and interests in Warintza and Lawyers-Ranch, expanding to ~80 producing and ~30 development assets and materially diversifying the portfolio.
Shareholder Returns and Dividend Increase
Paid >$118 million in dividends during 2025 and raised the annual dividend to $1.90 per share for 2026. This marks the 25th consecutive annual dividend increase. Since 2000, ~ $1.2 billion returned to shareholders.
Debt Reduction and Liquidity Position
Drew $450 million on revolver for acquisitions in Oct, then reduced debt from $1.225 billion to $900 million by year-end and to $725 million in early 2026. Available revolver capacity ~$675 million; total available liquidity ~$757 million. Now expect full debt repayment in early 2027 (earlier than prior mid-2027 forecast).
Operational and Development Upside in Key Assets
Positive portfolio developments: Mount Milligan life-of-mine extension to 2045, Khoemacau expansion approved, Fourmile exploration success at Cortez, Xavantina life extension to 2032, Platreef Phase I sales and expected first revenue H1 2026, Kansanshi stream deliveries began and guidance indicates growth in attributable gold sales to 38k-43k oz by 2028.
Strong Operating Cash Flow Quarter
Q4 operating cash flow was a record $242 million, up from $141 million year-over-year, driven by higher stream and royalty revenues and first delivery proceeds for Mount Milligan cost support agreement.
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 |
|---|---|---|---|
Feb 18, 2026 | $277.77 | $271.78 | -2.16% |
Nov 05, 2025 | $172.95 | $169.31 | -2.11% |
Aug 06, 2025 | $160.62 | $164.60 | +2.48% |
May 07, 2025 | $181.39 | $177.49 | -2.15% |
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 May 06, 2026, After Close (Confirmed).
What is Royal Gold (RGLD) earnings time?
Royal Gold (RGLD) earnings time is at May 06, 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 (Q1) is 3.19.