Quarterly ResultMay 11, 2026, 12:22 PM
Tejon Ranch Co. Q1 Net Income $151K; Operating Loss Reduced
AI Summary
Tejon Ranch Co. reported a net income of $151,000 for the first quarter of 2026, a significant improvement from a net loss of $1.46 million in the same period last year. The company also substantially reduced its operating loss to $1.13 million from $4.17 million year-over-year. Total revenues increased to $9.50 million, driven by growth in mineral resources, ranch operations, and new multifamily leasing operations.
Key Highlights
- Net income attributable to common stockholders was $151,000, up from a net loss of $1.46 million in Q1 2025.
- Basic net income per share was $0.01, compared to a loss of $0.05 per share in Q1 2025.
- Total revenues increased by 15.8% to $9.50 million from $8.21 million in Q1 2025.
- Operating loss significantly narrowed to $1.13 million from $4.17 million in Q1 2025.
- Mineral resources revenue rose to $3.53 million from $2.60 million in Q1 2025.
- Multifamily revenue was $696,000 in Q1 2026, compared to none in Q1 2025.
- Net cash provided by operating activities was $3.31 million, a reversal from $1.35 million used in Q1 2025.
- Revolving line of credit balance increased to $95.44 million from $93.94 million.