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Royal Gold RGLD Q2 2026 earnings

Reported August 5, 2026 · After market close

Revenue$450.5MMiss by $8.4M
EPS$2.56Beat by $0.01
Revenue estimate$458.9M
EPS estimate$2.55
Financial results for the second quarter were strong and we made meaningful progress on executing our priorities. We continued our disciplined approach to capital allocation. We repaid debt, repurchased and cancelled shares, and invested capital toward our Warintza and Hod Maden portfolio interests. We also continued progress on simplifying the Sandstorm portfolio with the restructuring of the Hod Maden joint venture interest and the settlement of the fixed delivery obligations at the Relief Canyon mine. After a solid first half of the year driven by our large and diversified portfolio, our outlook for the second half remains positive, and we will maintain our discipline and long term focus as we consider alternatives to accretively deploy capital in an active environment for new business development opportunities.
Bill Heissenbuttel

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$439.7M
EPS estimate$2.53

Financials

Q2 2026

Income statement

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Revenue$450.5M+115%
Gross profit$390.4M+111%
Operating income$279.9M+97.4%
Net income$236.4M+78.6%
EPS (diluted)$2.78+38.3%

Balance sheet

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Cash & equivalents$182.5M-26.5%
Total debt$395.9M
Total equity$7.6B+129%
Total assets$9.4B+165%

Cash flow

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Operating cash flow$335.2M+119%

Valuation & ratios

Valuation

as of 09/17/26
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Market cap$20.8B+68.0%
Enterprise value$21.01B
P/E28.2×+0.6×
P/S13.5×-2.0×

Profitability

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Gross margin86.9%-0.6pp
Operating margin61.4%-3.3pp
Net margin47.7%-8.5pp

Returns & leverage

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Return on equity13.5%-0.8pp
Debt / equity0.1×
Current ratio2.9×-1.6×

Segments

By product

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Gold$343.9M+109%
Silver$55.6M+131%
Copper$37.9M+156%
Other$11.2M
Zinc$2.1M

By geography

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North America$250.4M
South and Central America$99.5M
EMEA$85.4M

FAQ

When did Royal Gold report Q2 2026 earnings?
Royal Gold (RGLD) reported Q2 2026 earnings on August 5, 2026 after market close.
What were Royal Gold's Q2 2026 revenue and EPS?
Royal Gold reported revenue of $450.5M and eps of $2.56 for Q2 2026.
Did Royal Gold beat estimates in Q2 2026?
Revenue missed the consensus estimate of $458.9M by $8.4M. EPS beat the consensus estimate of $2.55 by $0.01.
How did Royal Gold's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 114.9% from $209.6M a year earlier and eps grew 41.4% from $1.81.
Where can I find Royal Gold's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000085535-26-000038) and the 10-Q periodic report (0000085535-26-000041) directly on SEC EDGAR. The filing index links above go to sec.gov.