Tejon Ranch 3Q 2026: Revenue $22.61M, EPS $0.12 — 10-Q Summary

Tejon Ranch’s third-quarter revenue and earnings increased from a year earlier, as improved farming results—driven by higher crop sales, pistachio pricing adjustments and crop insurance proceeds—lifted operating results. Multifamily lease-up and mineral resources also contributed, while higher income tax expense and lower joint-venture earnings partly offset the gains.

Financial Highlights

¹ Reported as “Total revenues”. ² Reported as “Net income (loss) attributable to common stockholders”. ³ Reported as “Net income (loss) per share attributable to common stockholders, diluted”.

Business Highlights

• Farming: Revenue rose to $12.6M, including $2.6M in prior-year pistachio pricing adjustments and $3.4M in crop insurance proceeds; warm spring weather hurt crop yields.
• Multifamily: Terra Vista at Tejon was approximately 83% leased as of September 30, 2026; segment revenue increased with ongoing lease-up.
• Mineral resources: Revenue increased 25%, primarily on higher rock aggregate demand, sales volumes and realized prices.
• Ranch operations: Revenue grew 38.5%, led by higher guided hunting and membership activity and grazing revenue reflecting higher cattle prices.
• Commercial/industrial: Segment revenue increased 10.2%, mainly from higher Pastoria Energy Facility and TRCC leasing revenue; there were no land sales in either quarter.

Original SEC Filing: TEJON RANCH CO [ TRC ] - 10-Q - Nov. 05, 2026