Tejon Ranch Company (TRC)
NYSE:TRC
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Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.02Last Year’s EPS
-0.06Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call reported meaningful operational and financial progress: double-digit revenue growth (~13%), a notable reduction in operating and corporate costs (~14% and $2.4M), improved adjusted EBITDA (+$3.1M) and strong mineral and TRCC performance (36% mineral revenue growth, 100% TRCC industrial leasing, strong retail traffic and sales). These positives are tempered by a significant decline in farming revenue (~44%), ongoing farming cash and capex burdens, margin pressure in the TA Petro JV, and substantive shareholder skepticism about pursuing capital-intensive master planned community development given historical market treatment of similar public developers. Management emphasized liquidity (~$86M), JV monetization via partnerships (JV for new industrial building), and a stated intent to remain flexible on capital allocation. Overall, operational momentum and liquidity improvements outweigh the strategic and segment-specific concerns, but the long-term MPC risk and farming weakness remain notable headwinds.Company Guidance
Top-line Growth
Revenues and other income increased ~13% year-over-year to $10.8 million in Q1 2026 (from $9.6 million in Q1 2025), reflecting overall revenue momentum across segments.
Improved Profitability and EBITDA
Adjusted EBITDA increased by $3.1 million versus prior period with a 12-month trailing adjusted EBITDA of $27.2 million. Management reported net income up $1.6 million year-over-year.
Cost Reduction and Corporate Expense Savings
Operating costs were down ~14% year-over-year, including a $2.4 million reduction in corporate costs driven by lower headcount and absence of proxy defense costs.
Strong Mineral Resources Performance
Mineral resource revenues rose 36% year-over-year to $3.5 million in Q1 2026; segment operating profit more than doubled to approximately $1.0 million, primarily driven by opportunistic water sales and stable royalty streams (rock, aggregate, cement, oil & gas).
TRCC Leasing, Development and Retail Momentum
Tejon Ranch Commerce Center (TRCC) momentum: groundbreaking of a new 510,000 sq. ft. Class A industrial facility (expected completion Q1 next year); existing TRCC industrial portfolio (2.8 million sq. ft.) is 100% leased. Commercial and retail portfolio was 95% leased and the outlet 92% occupied. Outlet traffic was up 22% and sales were up nearly 12% year-over-year; similar gains at the TA Petro Travel Center.
Terra Vista Leasing Progress
Terra Vista: 228 units delivered, 71% leased as of quarter end, and Phase 1 is on track to be stabilized this summer, supporting near-term residential cash flow potential.
Liquidity and Capital Flexibility
Strong liquidity position with cash and marketable securities of approximately $19.4 million and available capacity on the revolving credit facility of ~$64.6 million, yielding total liquidity of about $86 million to support development initiatives and operations.
Stable JV and Commercial Real Estate Contributions
Commercial & industrial real estate generated $2.8 million in revenue (flat year-over-year). Equity earnings from unconsolidated joint ventures totaled $1.3 million (versus $1.2 million prior year), showing continued recurring cash generation from passive assets.
TRC 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
TRC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $19.72 | $20.48 | +3.85% |
Mar 19, 2026 | $18.25 | $18.69 | +2.41% |
Nov 06, 2025 | $15.97 | $15.74 | -1.44% |
Aug 07, 2025 | $18.41 | $17.01 | -7.60% |
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 Tejon Ranch Company (TRC) report earnings?
Tejon Ranch Company (TRC) is schdueled to report earning on Jul 30, 2026, Before Open (Confirmed).
What is Tejon Ranch Company (TRC) earnings time?
Tejon Ranch Company (TRC) earnings time is at Jul 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is TRC EPS forecast?
TRC EPS forecast for the fiscal quarter 2026 (Q2) is 0.02.