RGLD ROYAL GOLD INC
Price Chart
Executive Summary
Royal Gold reported record Q1 2026 results with revenue of $469.1M (+142.5% YoY), diluted EPS of $3.30 (beat $2.86 consensus by 15.4%), and record operating cash flow of $293.6M. The company also authorized a $500M share repurchase program and added a $600M accordion facility, while maintaining 2026 guidance. The strong performance is driven by higher metal prices, new contributions from the Sandstorm/Horizon acquisitions, and improved operational performance across the portfolio.
Key Financial Metrics
Actionable Insight
The combination of record earnings, a new buyback program, and debt repayment signals strong cash generation and management confidence. Watch for continued strength in metal prices and operators' production updates. The $500M buyback may provide downside support, but monitor leverage as debt still stands at $525M post-quarter.
Key Facts
- Record revenue of $469.1M, up 142.5% YoY
- Record net income of $281.1M ($3.30 diluted EPS vs. consensus $2.86, beat 15.4%)
- Record operating cash flow of $293.6M vs. $136.4M YoY
- Adjusted EBITDA margin of 83% (82% YoY)
- GEOs sold: 96,300 vs. 67,600 YoY (+42.5%)
- Board authorized $500M share repurchase program
- Added $600M uncommitted accordion facility to revolving credit facility
- Repaid $300M on revolving credit facility during Q1, another $75M post-quarter
- 2026 guidance maintained across all metrics
- Stream segment sales included full quarter of Sandstorm portfolio
Financial Impact
Revenue surge of $275.7M YoY, diluted EPS beat consensus by $0.44, operating cash flow up $157.2M
Risk Factors
- Commodity price volatility (gold, silver, copper)
- High debt levels from Sandstorm/Horizon acquisitions (though rapidly repaid)
- Operator production risks and mine plan changes
- Integration of acquired portfolios
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000085535-26-000026 |
| Document: 0000085535-26-000026-index.html | 0000085535-26-000026 |
| Document: 0000085535-26-000026.txt | 0000085535-26-000026 |
| 8-K Data (Synthetic) | 0000085535-26-000026 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 6, 2026
14d ago
|
8-K
| $232.55 $244.99 | ▲ +5.35% | ▲ +3.84% | $223.09 (−4.07%) |
|
Apr 3, 2026
6w ago
|
DEFA14A
| $260.58 $264.32 | ▲ +1.44% | ▼ −2.70% | $223.09 (−14.39%) |
|
Feb 28, 2026
11w ago
|
Institutional Cluster
| $304.09 $281.84 | ▼ −7.32% | ▼ −6.11% | $223.09 (−26.64%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access