I'm LongbridgeAI, I can summarize articles.Tejon Ranch Co reported its Q1 2026 results, showing revenue of ($1.13M) and net income of $151K, a significant improvement from the prior year's revenue of ($4.17M) and net loss of ($1.46M). Diluted EPS rose to $0.01 from ($0.05). Key business highlights include strong commercial/industrial momentum, a 36% increase in mineral revenues, and a 24% rise in ranch revenues. However, farming revenue fell by 42% due to lower almond sales. The company continues to diversify its operations with new projects and joint ventures.
Tejon Ranch Co reported results for the first quarter of fiscal 2026, with revenue of ($1.13M) and net income of $151K, compared with revenue of ($4.17M) and a net loss of ($1.46M) in the prior-year quarter. Diluted EPS was $0.01 versus ($0.05) a year earlier.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | ($1.13M) | ($4.17M) | 72.9% |
| Net income² | $151K | ($1.46M) | 110.3% |
| Diluted EPS³ | $0.01 | ($0.05) | 120% |
¹ Reported as “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
- Commercial/Industrial Momentum: Tejon Ranch's TRCC remains the primary revenue driver with about 3.4M square feet of GLA largely leased and continued industrial expansion.
- Multifamily Launch: Terra Vista began lease-up in 2025 and was 71% leased as of March 31, 2026, contributing recurring rental revenue and NOI diversification.
- Mineral & Water Growth: Mineral revenues rose 36% year over year to $3.53M, led by a 43% increase in water sales and higher rock and cement volumes.
- Farming Operations Shift: Farming revenue declined 42% year over year due to lower almond carryover sales, while planting expanded with additional olive acreage to diversify crops.
- Ranch & JV Performance: Ranch revenues increased 24% year over year from game management, and equity earnings from joint ventures supported consolidated operating cash flow.
Original SEC Filing: TEJON RANCH CO [ TRC ] - 10-Q - May. 11, 2026