Tejon Ranch's Q4 revenue rises on farming strength
19/03/2026 12:12
((This story was generated using AI and automation, please see
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Overview
* US real estate developer and agribusiness's Q4 revenue grew 8% yr/yr; net income fell sharply
* Adjusted EBITDA for Q4 rose 9% yr/yr
* Farming segment revenue surged 26% in Q4, driven by pistachio production rebound
Outlook
* Company expects 2026 net income to fluctuate with development activity and commodity prices
* Tejon Ranch expects elevated farming production costs in 2026, including fuel, fertilizer and labor
* Company expects pistachio orchards to be in a down-bearing year in 2026
Result Drivers
* PISTACHIO PRODUCTION - Farming revenue rose as pistachio output rebounded from a down-bearing year, contributing $5.3 mln in Q4
* COMMERCIAL REAL ESTATE LEASING - High occupancy rates and leasing at Tejon Ranch Commerce Center supported results
* RETAIL AND TRAVEL CENTER SALES - Retail and fuel sales increased at Outlets at Tejon and TA Petro Travel Center following Hard Rock Tejon Casino opening
Company press release: ID:nGNXChsCy
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q4 Beat $21.11 $13.94
Revenue mln mln (1
Analyst)
Q4 EPS $0.06
Q4 Net $1.58
Income mln
Q4 $11.40
Adjusted mln
EBITDA
Q4 -$2.29
Operatin mln
g Income
Q4 $4.48
Pretax mln
Profit
Analyst Coverage
* Wall Street's median 12-month price target for Tejon Ranch Co is $26.25, about 43.8% above its March 18 closing price of $18.25
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact .
(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.)