Royal Gold Q4 Earnings Top Estimates, Revenues Increase 33% Y/Y

Core Insights - Royal Gold, Inc. (RGLD) reported strong financial performance in Q4 2024, with adjusted EPS of $1.63, surpassing the Zacks Consensus Estimate of $1.49, marking a 72% year-over-year increase [1] - The company generated revenues of $203 million in Q4 2024, reflecting a 32.7% year-over-year growth, driven by higher metal prices and increased gold sales from various mines [2] - RGLD's adjusted EBITDA reached $169.6 million in Q4 2024, up 39.1% year over year, with an EBITDA margin of 83.8% compared to 79.9% in the prior year [4] Financial Performance - The company reported stream revenues of $125 million in Q4 2024, an increase from $98 million year over year, while royalty revenues rose to $78 million, up 43.3% year over year [3] - For the full year 2024, RGLD achieved record revenues of approximately $719 million, an 18.8% increase from 2023, although it fell short of the Zacks Consensus Estimate of $731.3 million [6] - Net cash from operating activities was $141 million in Q4 2024, up from $101 million in the same quarter last year, with cash and cash equivalents at $195.5 million compared to $104.2 million at the end of Q4 2023 [5] Future Outlook - The company anticipates stream segment sales of 40,000-45,000 GEOs for the March-end quarter of 2025 [7] Stock Performance - Over the past year, Royal Gold's shares have increased by 38.6%, while the industry has seen a growth of 60.6% [8]