Ryman Hospitality Properties (RHP)
NYSE:RHP
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Earnings Data
Report Date
Aug 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.29Last Year’s EPS
1.12Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive operational and financial trajectory: strong same-store hospitality results, record performance at multiple properties, robust group bookings (gross group room nights +~27% YoY), notable outperformance at the recently acquired JW Marriott Desert Ridge (ADR ~+8%, group demand +9%, banquet/AV +25%), solid liquidity ($424M cash, ~$1.35B available) and proactive balance sheet management (issued $700M 2034 notes). Entertainment showed bright spots (Ole Red, Category 10) but the segment declined year over year due to tough comps and seasonality. Management acknowledged inventory-management-driven comparability headwinds for 2027–2028, weather disruption in January, and macro/geopolitical risks that could temper demand. Overall, positives such as strong bookings, margin expansion, and disciplined capital allocation materially outweigh the headwinds discussed.Company Guidance
Strong Same-Store Hospitality Performance
Same-store hospitality grew revenue and market share while expanding margin despite slightly fewer room nights. Same-store ADR increased just over 5% year over year, driven by pricing discipline and higher-value mix.
Record Quarterly Results at Key Properties
Gaylord Opryland delivered record first-quarter revenue and Adjusted EBITDAre; Gaylord Rockies delivered record first-quarter revenue; Gaylord Palms delivered record revenue and Adjusted EBITDAre for any quarter in its history.
JW Marriott Desert Ridge Outperformance
Under new ownership, total ADR at JW Marriott Desert Ridge increased nearly 8% year over year. Group mix rose ~200 basis points, group demand grew more than 9%, and banquet & AV revenue increased 25%. Converted 5k sq ft to meeting space to support further group growth.
Very Strong Group Bookings and Forward Pace
Gross group room nights booked in Q1 for all future periods increased nearly 27% year over year—the strongest first-quarter production since 2018. Corporate bookings comprised ~two-thirds of production. Same-store group rooms revenue on the books for all periods accelerated from 6.5% (Dec 31) to 7.6% (Mar 31).
Improving Group Demand Quality and Mix
Shift toward premium corporate groups is driving higher ADR, stronger outside-the-room spending, and higher-margin business. For the rest of 2026 management assumes mid-single-digit group ADR growth and mid-single-digit group rooms revenue growth at midpoint.
Solid Liquidity and Balance Sheet Actions
Unrestricted cash of $424 million plus $27 million restricted; undrawn revolvers leaving total liquidity availability ~ $1.35 billion. Completed opportunistic refinancing with $700 million 2034 senior notes and redeemed 2027 notes, extending weighted average maturity and eliminating near-term refinancing risk through 2028.
Measured Upgrade to Guidance and Confidence in 2027 Targets
Company raised midpoints of full-year guidance ranges after Q1 outperformance and reiterated confidence in achieving 2027 Adjusted EBITDAre targets set in 2024, citing forward bookings, recent acquisitions (Desert Ridge), and ongoing capital investments.
CapEx Discipline and Project Execution
Full-year capital spending guidance unchanged at $350 million to $450 million. Major projects (Gaylord Opryland Foundry Fieldhouse, JW Desert Ridge meeting conversion, JW Hill Country renovation, Gaylord Texan rooms renovation, Category 10 Las Vegas) are on time and on budget.
Entertainment Growth in Key Venues and Pipeline Expansion
While segment faced tough comps, Ole Red and Category 10 exceeded expectations; Ole Red Las Vegas generated its highest monthly revenue and Adjusted EBITDAre in March. Opry Entertainment Group has a robust development pipeline and added senior talent and capabilities.
RHP 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
RHP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $105.09 | $106.22 | +1.08% |
Feb 23, 2026 | $101.75 | $101.47 | -0.28% |
Nov 03, 2025 | $86.50 | $87.94 | +1.67% |
Aug 04, 2025 | $89.55 | $90.22 | +0.75% |
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 Ryman Hospitality Properties (RHP) report earnings?
Ryman Hospitality Properties (RHP) is schdueled to report earning on Aug 05, 2026, Before Open (Confirmed).
What is Ryman Hospitality Properties (RHP) earnings time?
Ryman Hospitality Properties (RHP) earnings time is at Aug 05, 2026, Before Open (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 RHP EPS forecast?
RHP EPS forecast for the fiscal quarter 2026 (Q2) is 1.29.