Quarterly ResultAug 5, 2026, 05:18 PM
Royal Gold Q2 Revenue $450.5M, Net Income $236.4M; Record Cash Flow
AI Summary
Royal Gold, Inc. reported strong second-quarter financial results for 2026, with revenue more than doubling to $450.5 million and achieving record operating cash flow of $335.2 million. Net income rose significantly to $236.4 million, or $2.78 per share. The company continued its disciplined capital allocation by repaying $200 million in debt, repurchasing $30 million in shares, and increasing its quarterly dividend by 6%. Strategic advancements included funding for the Warintza and Hod Maden projects, and the addition of a $600 million accordion feature to its credit facility, with a positive outlook for the second half of the year.
Key Highlights
- Revenue increased 114.9% to $450.5 million for Q2 2026.
- Record operating cash flow of $335.2 million, up from $152.8 million in prior year.
- Net income was $236.4 million ($2.78 per share), up from $132.3 million prior year.
- Repaid $200 million on the revolving credit facility, increasing liquidity to $1.2 billion.
- Repurchased 147,205 shares for $30 million at an average price of $203.80 per share.
- Paid quarterly dividend of $0.475 per share, a 6% increase over prior year.
- Advanced $50 million to Solaris for Warintza Project and funded $70 million for Hod Maden Project.
- Added a new $600 million uncommitted accordion facility to the $1.4 billion revolving credit facility.
Price Impact
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