Tejon Ranch Q1 revenue rises on mineral resources segment growth

Tejon Ranch Co

07/05/2026 14:05

Overview

California real estate and agribusiness firm's Q1 revenue rose 16% yr/yr to $9.5 mln

Net income turned positive at $0.01/share, compared to a loss a year ago

Adjusted EBITDA rose to $4.8 mln, driven by lower costs and higher mineral resources revenue

Outlook

Company expects net income to fluctuate due to timing of development, land sales and leasing

Tejon Ranch plans to continue commercial, industrial and multifamily development, leasing and investment activity

Project timelines may be impacted by entitlement processes and potential litigation in California

Result Drivers

MINERAL RESOURCES GROWTH - Higher mineral resources revenue, driven mainly by opportunistic water sales, contributed to overall revenue growth

COST REDUCTIONS - Lower operating expenses supported improved profitability, reflecting the company's focus on cost reductions and efficiencies

FARMING REVENUE DECLINE - Farming revenues fell due to lower carryover crop available for sale, after the company accelerated inventory sales in Q4 2025 to benefit from strong pricing

Company press release: ID:nGNX70f6pd

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$9.50 mln
$8.75 mln (1 Analyst)
Q1 EPS
$0.01
Q1 Net Income
$150,000
Q1 Adjusted EBITDA
$4.80 mln
Q1 Operating Income
-$1.13 mln
Q1 Pretax Profit
$209,000


Analyst Coverage

Wall Street's median 12-month price target for Tejon Ranch Co is $26.25, about 33.1% above its May 6 closing price of $19.72

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)