10-Q · May 1, 2026
Ryman Hospitality Properties reported strong Q1 2026 results, exceeding revenue and EPS estimates with revenues of $664.6 million and EPS of $2.32, compared to estimates of $648.7 million and $2.01, respectively. The…
Earnings analysis · 10-Q
RHP earnings analysis
Filed August 7, 2026 · Our reading of the company's report
The latest report
Ryman Hospitality Properties delivered a strong Q2 2026, with revenue of $748.978 million and diluted EPS of $2.77, beating consensus by 2.1% and 20.9%, respectively. Revenue and EPS also improved materially versus both…
Read full summary
Ryman Hospitality Properties delivered a strong Q2 2026, with revenue of $748.978 million and diluted EPS of $2.77, beating consensus by 2.1% and 20.9%, respectively. Revenue and EPS also improved materially versus both Q1 2026 and Q2 2025. The available filing excerpt does not provide gross margin, operating margin, free cash flow, balance-sheet detail, segment results, or a revised revenue/EPS outlook; planned 2026 capital expenditures remain $235 million to $335 million.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $2.77
What stood out
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Revenue beat and accelerated sequentially
Second-quarter revenue was $748.978 million, exceeding the $733.369 million consensus estimate by 2.1%. Revenue increased 12.6% from $665 million in Q1 2026 and 13.5% from $660 million in Q2 2025.
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EPS materially exceeded expectations
Diluted EPS was $2.77 versus the $2.29 consensus estimate, a 20.9% beat. EPS increased from $1.03 in Q1 2026 and $1.12 in Q2 2025.
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Internal controls remained effective
The filing states that disclosure controls and procedures were effective as of the end of the period, with no change in internal control over financial reporting that materially affected, or was reasonably likely to materially affect, controls during the quarter.
What to watch
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High planned capital spending
Management continues to expect 2026 capital expenditures of $235 million to $335 million, representing a substantial investment requirement and potential pressure on free cash flow and leverage if operating performance weakens.
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No material risk-factor update
The filing states there were no material changes to the risk factors disclosed in the 2025 Form 10-K, limiting visibility into whether existing risks have improved. It also reports no material changes in market risk since December 31, 2025.
Management's outlook
The company continues to expect 2026 capital expenditures of $235 million to $335 million. No numeric revenue or EPS guidance was provided in the available 10-Q excerpt.
Earlier filings 4
10-K · February 24, 2026
Ryman positions itself as a focused, group-oriented hospitality REIT with a dominant meetings/resort footprint (11,869 rooms) and a growing entertainment platform (OEG). Revenue recovered in 2025 vs. 2024 (2025 total…
10-Q · November 4, 2025
Ryman reported Q3 2025 revenue of $592.458M, up $42.500M (+7.7%) versus Q3 2024, driven by both Hospitality and Entertainment. Despite revenue growth, operating income fell to $88.612M (operating margin ≈15.0%) and GAAP…
10-Q · August 5, 2025
Ryman reported Q2 revenue of $659.515M, up from $613.290M a year ago, driven by a 52% increase in Entertainment revenue and contributions from the June 10, 2025 acquisition of JW Marriott Desert Ridge. Operating income…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.