ROYAL GOLD INC (RGLD) Form 8-K — Nov 4, 2026
Royal Gold reported record Q3 2026 results: revenue of $464.8 million (up 84% year-over-year) and record operating cash flow of $344.4 million, with net income of $227.4 million ($2.68 per share) and record sales of 109,000 gold equivalent ounces. The company repaid $250 million on its revolver during the quarter and the final $150 million on October 19, fully extinguishing the $1.225 billion of debt taken on for the October 2025 Sandstorm and Horizon acquisition roughly a year after closing — far ahead of the original two-year plan.
Key figures
- Eps
- 2.68
- Revenue
- 464800000
- Guidance
- On track for full-year gold sales guidance (290,000-320,000 oz); at or above top end for silver (3.0-3.5 Moz) and copper (21.0-25.0 Mlb); raised other metals guidance to $53-56M from $34-38M
- Net Income
- 227400000
- Total Debt
- 146146000
- Revenue Yoy
- 84%
- Total Assets
- 9363017000
- Cash Position
- 184538000
- Shares Outstanding
- 84493627
- Geos sold
- 109,000 record vs 72,900 prior year
- Avg gold price
- $4,262/oz (+23%)
- Total liquidity
- $1.48 billion
- Avg copper price
- $6.40/lb (+44%)
- Avg silver price
- $62.59/oz (+59%)
- Nine month revenue
- $1,384.4M (+111% YoY)
- Quarterly dividend
- $0.475/share, +6% YoY
- Adjusted net income
- $238.3M ($2.80/share)
- Share repurchases q3
- 190,045 shares at avg $259.83 for $49M
- Adjusted ebitda margin
- 84%
- Operating cash flow q3
- $344.4M record vs $174.0M prior year
AI analysis
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