Jun 2026 (Q2 FY26) — Aug 7, 2026
Ryman Hospitality Properties Q2 FY26 — Strong Group Demand and Strategic Investments Drive Outperformance
Read the full callRyman Hospitality Properties (RHP) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Ryman Hospitality Properties earnings: last reported Fri, 7 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 749 | +13.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 23.3 | +2.2 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 92.8 | +29.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
10 of 11 judged targets kept · 8 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full-year 2026 capital expenditure | $350 million to $450 million | Dec 2025 | we now expect to spend approximately $400 million to $500 million in 2026, an increase of about $50 million at the midpoint | Revised Up |
| FY27 consolidated adjusted EBITDAre (Investor Day long-range target) | $900 million to $1 billion | Dec 2024 | We remain on track to achieve the '27 financial targets we set out in early '24 and we look forward to updating you on our continued progress. | On Track |
| Gaylord Opryland sports bar (Foundry Fieldhouse) complex completion | complete early 2026 | Sep 2024 | In April, we completed the foundry field house ports bar development at Opryland. | Achieved |
1 of Ryman Hospitality Properties, Inc.'s 19 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 16 more targets are in the full ledger.
Claimed
- Same-store hospitality Adjusted EBITDAre outperformed expectations by approximately $7 million.
- Group ADR increased 7.5% year-over-year, approximately 3 percentage points better than expectations.
- Entertainment Adjusted EBITDAre increased nearly 30% year-over-year to a new quarterly record.
- The same-store portfolio's trailing 12-month average RevPAR index reached nearly 130% of fair share, an increase of 6 points year-over-year.
- More than 768,000 same-store gross group room nights were booked for all future periods in Q2, up 6.7% year-over-year.
Qualified
- The broader macroeconomic environment remains dynamic, with ongoing monitoring of interest rates and inflation, though no meaningful impact on demand trends has been observed to date.
- A conservative outlook is maintained for ICE due to limited visibility into ticket sales, with much of the season's success determined in the final two weeks of the year.
Price
$125.4 +2.09% · +$2.57
Performance +39.8% 1Y
1Y: $89.67 on 14 Oct 2025 → $125.4. High $135.99 (28 Jul 2026), low $85.91 (30 Oct 2025).
- Previous close
- $122.83
- 52-week range
- $85.91 – $135.99
- One year
- +38.72%
Overview
- Symbol
- RHP
- Sector
- Real Estate
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
10 of 11 judged targets kept · 8 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full-year 2026 capital expenditure | $350 million to $450 million | Dec 2025 | we now expect to spend approximately $400 million to $500 million in 2026, an increase of about $50 million at the midpoint | Revised Up |
| FY27 consolidated adjusted EBITDAre (Investor Day long-range target) | $900 million to $1 billion | Dec 2024 | We remain on track to achieve the '27 financial targets we set out in early '24 and we look forward to updating you on our continued progress. | On Track |
| Gaylord Opryland sports bar (Foundry Fieldhouse) complex completion | complete early 2026 | Sep 2024 | In April, we completed the foundry field house ports bar development at Opryland. | Achieved |
Claimed
- Same-store hospitality Adjusted EBITDAre outperformed expectations by approximately $7 million.
- Group ADR increased 7.5% year-over-year, approximately 3 percentage points better than expectations.
- Entertainment Adjusted EBITDAre increased nearly 30% year-over-year to a new quarterly record.
- The same-store portfolio's trailing 12-month average RevPAR index reached nearly 130% of fair share, an increase of 6 points year-over-year.
- More than 768,000 same-store gross group room nights were booked for all future periods in Q2, up 6.7% year-over-year.
Qualified
- The broader macroeconomic environment remains dynamic, with ongoing monitoring of interest rates and inflation, though no meaningful impact on demand trends has been observed to date.
- A conservative outlook is maintained for ICE due to limited visibility into ticket sales, with much of the season's success determined in the final two weeks of the year.
The full ledger
Open Ryman Hospitality Properties, Inc.’s full ledger
A free account opens 5 company ledgers a month. All 19 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 1, 2026
Ryman Hospitality Properties Q1 FY26 — Strong Hospitality Outperformance Drives Raised Guidance
Read the full callDec 2025 (Q4 FY25) — Feb 24, 2026
Ryman Hospitality Properties Q4 FY25 — Strong Holiday Performance and Strategic Growth Initiatives
Read the full callEvery analysed call
Ryman Hospitality Properties earnings calls (RHP)
Financials
What the filings say
Net profit, year on year: +29% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 550 | 648 | 587 | 660 | 592 | 738 | 665 | 749 |
| Expenses | 444 | 527 | 471 | 520 | 504 | 595 | 527 | 574 |
| Operating profit | 106 | 121 | 116 | 139 | 89 | 143 | 138 | 175 |
| Operating margin | 19.3% | 18.6% | 19.8% | 21.1% | 15.0% | 19.4% | 20.7% | 23.3% |
| Interest | 55 | 54 | 54 | 59 | 65 | 64 | 64 | 64 |
| Profit before tax | 61 | 72 | 67 | 84 | 30 | 73 | 76 | 114 |
| Tax rate | 1.5% | 0.3% | 6.2% | 9.4% | −12.0% | −1.4% | 9.0% | 10.6% |
| Net profit | 59 | 69 | 63 | 72 | 35 | 74 | 70 | 93 |
| EPS ($ per share) | 0.99 | — | 1.05 | 1.17 | 0.55 | — | 1.12 | 1.47 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reserves | -389 | -496 | -911 | -1,088 | -979 | -894 | — | — |
| Total liabilities | 3,384 | 3,222 | 3,236 | 3,603 | 3,633 | 4,271 | 4,283 | 4,969 |
| Fixed assets | 3,149 | 3,130 | 3,117 | 3,032 | 3,172 | 3,956 | 4,124 | 4,970 |
| Total assets | 3,854 | 4,088 | 3,556 | 3,581 | 4,041 | 5,189 | 5,218 | 6,181 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 322 | 355 | -162 | 111 | 420 | 557 | 577 | 591 |
| Cash from investing | -423 | -163 | -173 | -290 | -189 | -1,013 | -410 | -1,234 |
| Cash from financing | 172 | 80 | -6 | 262 | 51 | 712 | -290 | 567 |
| Net cash flow | 70 | 271 | -341 | 83 | 281 | 256 | -124 | -76 |
| Capital expenditure | -188 | -153 | -165 | -77 | -90 | -207 | -408 | -358 |
| Free cash flow | 134 | 202 | -327 | 34 | 330 | 350 | 169 | 232 |
RHP revenue by segment
Hospitality shrank from 85% to 81% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Hospitality | 85% | 85% | 85% | 78% | 85% | 85% | 88% | 81% | +17.2% |
| Entertainment | 15% | 15% | 15% | 22% | 15% | 15% | 12% | 19% | +0.5% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
RHP operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Gross group room nights booked Same-store | 1.2M+In the fourth quarter, the same-store portfolio booked more than 1.2 million gross group room nights for all future years.Source: earnings call transcript | 768K+During the second quarter, we booked more than 768,000 same-store gross group room nights for all future periods, up 6.7% year-over-year.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
61 filings between Nov 7, 2025 and Oct 11, 2026.
Open market
decisions to buy or sellPurchases
$1.61M
2 purchases by 1 insider
Sales
None
No insider sold shares.
Compensation
not trading decisions- 32
- Option exercise — converted options into shares
- 25
- Tax withheld — shares kept back by the company to cover tax
Also filed: 2 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| REED COLIN V | $1.61M | — | Feb 27, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 11, 2026 | FIORAVANTI MARK President & CEO | Tax withheld | 2,943 | $0 |
| Oct 11, 2026 | FIORAVANTI MARK President & CEO | Option exercise | 7,478 | $0 |
| May 9, 2026 | Pantoya Christine Director | Option exercise | 1,260 | $0 |
| May 8, 2026 | Bhasin Rachna Director | Option exercise | 1,332 | $0 |
| May 8, 2026 | HASLAM WILLIAM E Director | Option exercise | 1,332 | $0 |
| May 8, 2026 | Bowles Alvin L JR Director | Option exercise | 1,332 | $0 |
| May 8, 2026 | Helgren Erin Claire Director | Option exercise | 1,332 | $0 |
| May 8, 2026 | ROTH MICHAEL ISOR Director | Option exercise | 1,332 | $0 |
| Mar 15, 2026 | Chaffin Patrick S EVP & COO | Tax withheld | 372 | $0 |
| Mar 15, 2026 | FIORAVANTI MARK President & CEO | Tax withheld | 1,661 | $0 |
| Mar 15, 2026 | Chaffin Patrick S EVP & COO | Option exercise | 944 | $0 |
| Mar 15, 2026 | FIORAVANTI MARK President & CEO | Tax withheld | 10,233 | $0 |
| Mar 15, 2026 | REED COLIN V Exec. Chairman of the Board | Option exercise | 2,922 | $0 |
| Mar 15, 2026 | Chaffin Patrick S EVP & COO | Option exercise | 5,255 | $0 |
| Mar 15, 2026 | Chaffin Patrick S EVP & COO | Tax withheld | 326 | $0 |
| Mar 15, 2026 | Chaffin Patrick S EVP & COO | Option exercise | 827 | $0 |
| Mar 15, 2026 | Lynn Scott J EVP, Secretary and GC | Option exercise | 737 | $0 |
| Mar 15, 2026 | FIORAVANTI MARK President & CEO | Tax withheld | 1,814 | $0 |
| Mar 15, 2026 | Chaffin Patrick S EVP & COO | Tax withheld | 363 | $0 |
| Mar 15, 2026 | FIORAVANTI MARK President & CEO | Option exercise | 3,624 | $0 |
| Mar 15, 2026 | FIORAVANTI MARK President & CEO | Tax withheld | 1,427 | $0 |
| Mar 15, 2026 | FIORAVANTI MARK President & CEO | Option exercise | 4,220 | $0 |
| Mar 15, 2026 | REED COLIN V Exec. Chairman of the Board | Option exercise | 5,355 | $0 |
| Mar 15, 2026 | FIORAVANTI MARK President & CEO | Option exercise | 26,004 | $0 |
| Mar 15, 2026 | FIORAVANTI MARK President & CEO | Option exercise | 4,608 | $0 |
| Mar 15, 2026 | Hutcheson Jennifer L EVP & Chief Financial Officer | Option exercise | 1,093 | $0 |
| Mar 15, 2026 | Hutcheson Jennifer L EVP & Chief Financial Officer | Option exercise | 6,600 | $0 |
| Mar 15, 2026 | Hutcheson Jennifer L EVP & Chief Financial Officer | Tax withheld | 431 | $0 |
| Mar 15, 2026 | Hutcheson Jennifer L EVP & Chief Financial Officer | Option exercise | 1,161 | $0 |
| Mar 15, 2026 | Hutcheson Jennifer L EVP & Chief Financial Officer | Tax withheld | 457 | $0 |
| Mar 15, 2026 | FIORAVANTI MARK President & CEO | Tax withheld | 957 | $0 |
| Mar 15, 2026 | Hutcheson Jennifer L EVP & Chief Financial Officer | Tax withheld | 407 | $0 |
| Mar 15, 2026 | Hutcheson Jennifer L EVP & Chief Financial Officer | Option exercise | 1,034 | $0 |
| Mar 15, 2026 | FIORAVANTI MARK President & CEO | Option exercise | 2,432 | $0 |
| Mar 15, 2026 | Hutcheson Jennifer L EVP & Chief Financial Officer | Tax withheld | 357 | $0 |
| Mar 15, 2026 | Hutcheson Jennifer L EVP & Chief Financial Officer | Tax withheld | 2,598 | $0 |
| Mar 15, 2026 | Lynn Scott J EVP, Secretary and GC | Option exercise | 683 | $0 |
| Mar 15, 2026 | Lynn Scott J EVP, Secretary and GC | Tax withheld | 269 | $0 |
| Mar 15, 2026 | Hutcheson Jennifer L EVP & Chief Financial Officer | Option exercise | 906 | $0 |
| Mar 15, 2026 | Lynn Scott J EVP, Secretary and GC | Tax withheld | 291 | $0 |
| Mar 15, 2026 | Lynn Scott J EVP, Secretary and GC | Option exercise | 697 | $0 |
| Mar 15, 2026 | Lynn Scott J EVP, Secretary and GC | Tax withheld | 275 | $0 |
| Mar 15, 2026 | Lynn Scott J EVP, Secretary and GC | Option exercise | 797 | $0 |
| Mar 15, 2026 | Lynn Scott J EVP, Secretary and GC | Tax withheld | 314 | $0 |
| Mar 15, 2026 | Lynn Scott J EVP, Secretary and GC | Option exercise | 4,188 | $0 |
| Mar 15, 2026 | Lynn Scott J EVP, Secretary and GC | Tax withheld | 1,648 | $0 |
| Mar 15, 2026 | Chaffin Patrick S EVP & COO | Option exercise | 921 | $0 |
| Mar 15, 2026 | REED COLIN V Exec. Chairman of the Board | Tax withheld | 2,108 | $0 |
| Mar 15, 2026 | REED COLIN V Exec. Chairman of the Board | Tax withheld | 1,150 | $0 |
| Mar 15, 2026 | Chaffin Patrick S EVP & COO | Tax withheld | 350 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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