Tejon Ranch Q3 net income rises to $3.3 million, or $0.12 per share, from $1.7 million
Tejon Ranch reported third quarter 2026 net income attributable to common stockholders of $3.3 million, or $0.12 per share, up from $1.7 million, or $0.06 per share, a year earlier. Management said the results were helped by $3.9 million of crop insurance proceeds and $2.6 million of prior-year pistachio pricing adjustments that it described as unusually large, and that the company does not expect net income to be steady quarter to quarter.
Key points
- Net income attributable to common stockholders was $3.3 million ($0.12 per share basic and diluted) versus $1.7 million ($0.06 per share) in Q3 2025.
- Revenues and other income, including equity in earnings of unconsolidated joint ventures, totaled $25.0 million, up from $14.7 million; Adjusted EBITDA, a non-GAAP measure, was $10.4 million versus $5.3 million.
- Farming revenue rose to $12.6 million from $4.3 million, including $3.9 million of crop insurance proceeds and $2.6 million of pistachio pricing adjustments.
- The filing gives no numeric 2026 guidance; it says net income will continue to fluctuate with land sale timing, leasing, agricultural results and commodity prices.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.