Real estate and agribusiness company Tejon Ranch's Q2 revenue beats estimates on higher almond sales

Tejon Ranch Co

07/08/2025 14:24

Overview

Tejon Ranch Q2 revenue rises to $11.1 mln, beating analyst expectations

Company reports Q2 net loss of $1.7 mln due to proxy contest costs

Adjusted EBITDA for Q2 increases to $5.7 mln from $5.1 mln in 2024

Outlook

Company expects net income to fluctuate due to external factors

Tejon Ranch anticipates limited water sales opportunities this year

Company sees potential pricing pressure in almond market

Tejon Ranch plans strategic investment in residential projects

Result Drivers

LAND SALE REVENUE - Real estate commercial/industrial segment revenue increased due to recognition of land sale revenue from a transaction completed in 2022

ALMOND SALES - Farming segment revenues rose due to higher almond sales, with 727,000 pounds sold compared to 381,000 pounds in the prior year

PROXY CONTEST COSTS - Net loss driven by $2.3 mln in consulting fees related to contested board election and proxy defense

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$8.31 mln
$8.10 mln (1 Analyst)
Q2 EPS
-$0.06
Q2 Net Income
-$1.71 mln
Q2 Adjusted EBITDA
$5.70 mln
Q2 Pretax Profit
Miss
-$1.28 mln
-$80,000 (1 Analyst)
Q2 Operating Income
-$4.06 mln


Analyst Coverage

Wall Street's median 12-month price target for Tejon Ranch Co is $26.25, about 29.9% above its August 6 closing price of $18.41

Press Release: ID:nGNX2SwRwy

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)