Earnings Releases·Nov 5, 2026, 8:00 AM ET

Tejon Ranch Co. — Third Quarter 2026 Earnings Summary

Net income attributable to common stockholders rose to $3.3 million ($0.12 per share) in Q3 2026 from $1.7 million ($0.06 per share) in the prior-year period, while total revenues increased 70% to $25.0 million and Adjusted EBITDA doubled to $10.4 million.
Year-to-date results for the nine months ended September 30, 2026, showed a net income of $6.1 million compared to a $1.5 million loss in the prior year, with Adjusted EBITDA rising to $23.6 million from $13.9 million.
Strategic progress includes the Hard Rock Casino Phase II groundbreaking, the 100% leased status of the TRCC industrial portfolio, and the expected delivery of Building 1B in early 2027.
Segment performance was driven by a 193% increase in farming revenues to $12.6 million (boosted by pricing adjustments and insurance proceeds) and a 24.9% rise in mineral resources revenues to $4.0 million, alongside a 20-year lease extension for National Cement.
The company maintains $74.4 million in total liquidity with a revolving credit line balance of $94.4 million, while noting that future net income will fluctuate based on land sales timing, agricultural results, and commodity prices.