Earnings ·
Tejon Ranch reports $0.12 Q3 EPS on $25M revenue as net income doubles to $3.3 million
TRCTejon Ranch Co
Tejon Ranch Co. reported third-quarter 2026 net income attributable to common stockholders of $3.3 million, or $0.12 per share basic and diluted, compared to $1.7 million, or $0.06 per share, in the prior-year period. Revenues and other income, including equity in earnings of unconsolidated joint ventures, totaled $25.0 million, up from $14.7 million a year ago. Adjusted EBITDA rose 96% to $10.4 million from $5.3 million. The results were driven by higher farming revenues, which included $3.9 million in crop insurance proceeds and $2.6 million of price adjustments on the prior-year pistachio crop, as well as timing shifts in wine grape harvests. Corporate expenses decreased 39.8% year-over-year. Tejon Ranch Co. operates a diversified real estate, land, and agribusiness portfolio across its 270,000-acre holding in California.