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Five Point Holdings Llc (FPH)
NYSE:FPH
Earnings Data
Report Date
May 13, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.32Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive long-term strategic and financial position highlighted by record 2025 earnings, significant liquidity ($425M cash, $643M total liquidity), successful entitlement approvals, and the Hearthstone acquisition that broadened fee-based earnings and increased AUM to ~$3.4B. Near-term caution was emphasized: management guided materially lower 2026 net income (~$100M) with earnings back-loaded to the second half and a small Q1 loss expected, noted a sharp Q4 QoQ drop in Great Park home closings (seasonality/inventory) and delayed residential sales in Valencia. Overall, the tone combined strong operational and balance-sheet achievements with prudent, conservative near-term guidance given market headwinds.Company Guidance
Record Annual Net Income
Consolidated net income of $183.5M for FY2025, a new company record (up from $177.6M in 2024, ~+3.3%). Q4 net income was $58.7M. Annual results exceeded revised Q2 2025 guidance by roughly $6M.
Strong Q4 Land Sales and Great Park Performance
Closed 3 new home programs at Great Park in Q4 (187 homesites on 19.7 acres) with aggregate base purchase price of $181.5M. During 2025 builders closed 13 programs (920 homesites) at Great Park. Q4 distributions and incentive compensation from the Great Park Venture totaled $73.6M.
Exceptional Margins from Great Park Transactions
Great Park land sales in the quarter produced a reported gross margin of 75.5% on $181.5M of land sales revenue; Five Point recognized $201.3M of equity in earnings from the Great Park Venture in 2025 (part of $203.6M total equity earnings).
Balance Sheet and Liquidity Strengthened
Ended the year with approximately $425M cash and total liquidity of $643M. Refinanced senior notes (issued $450M of 8% notes due 2030), repaid $75M, and expanded revolver to $217.5M (maturity July 2029). Actions expected to reduce annual interest expense by ~ $20M; paid down $175M of debt since Jan 2024.
Hearthstone Acquisition Expands Fee-Based Platform
Hearthstone AUM grew from ~$2.6B at close to ~$3.4B and generated $11.8M of management fee revenue and ~$3.9M of net income (5 months). Q4 Hearthstone revenue was $8.4M and net income ~$3.0M. Company expects >$4B AUM before end of 2026 and $300M–$500M of new capital commitments in Q1.
Major Entitlement Approvals Unlock Long-Term Value
Received unanimous approvals for Entrada South (approx. 120 net acres residential, ~1,300 market-rate homesites + ~40 acres commercial) and Valencia Commerce Center (~110 net acres industrial). Great Park received City Council approval to convert ~100 acres of commercial to residential, increasing saleable residential optionality.
Planned Land Sale Pipeline and Development Timing
At start of 2026, Five Point expects to sell ~50 acres at Great Park and ~20 acres at Valencia; has 155 net acres remaining at Great Park (55 residential + 100 newly redesignated) and additional entitlements expected to drive future sales beginning ~early 2028.
Progress on San Francisco (Candlestick) and Development Execution
Finalizing engineering and permitting for next phase; expect to begin initial site work in H1 2026, signaling continued execution on long-duration master planned projects.
FPH 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
FPH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 29, 2026 | $5.59 | $5.31 | -5.01% |
Oct 29, 2025 | $5.83 | $5.77 | -1.03% |
Jul 24, 2025 | $6.43 | $5.47 | -14.93% |
Apr 24, 2025 | $5.20 | $5.68 | +9.23% |
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 Five Point Holdings Llc (FPH) report earnings?
Five Point Holdings Llc (FPH) is schdueled to report earning on May 13, 2026, After Close (Confirmed).
What is Five Point Holdings Llc (FPH) earnings time?
Five Point Holdings Llc (FPH) earnings time is at May 13, 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 FPH EPS forecast?
Currently, no data Available