Royal Gold Earnings Beat Estimates in Q2, Revenues Increase Y/Y

Core Insights - Royal Gold, Inc. (RGLD) reported adjusted earnings per share (EPS) of $1.81 for Q2 2025, exceeding the Zacks Consensus Estimate of $1.70, marking a 45% year-over-year increase [1][6] - The company achieved record revenues of $210 million, a 20.4% increase year-over-year, driven by higher metal prices and gold production from Peñasquito and Manh Choh, despite lower gold sales from Xavantina [2][6] - Adjusted EBITDA rose 24.5% to $175 million, with an adjusted EBITDA margin of 83.8%, up from 81% in the prior year [3][6] Financial Performance - The cost of sales remained flat at $24 million year-over-year, while general and administrative expenses decreased by 2.3% to $10 million [3] - Net cash from operating activities was $153 million, up from $113.5 million in the prior year, with cash and cash equivalents at approximately $248 million compared to $195 million at the end of 2024 [4] Stock Performance - Over the past year, RGLD shares have increased by 27.6%, while the industry has seen a growth of 57.9% [5] Peer Comparisons - Kinross Gold Corporation (KGC) reported adjusted earnings of $0.44 per share, a significant increase from $0.14 in the prior year, with revenues rising 41.7% year-over-year to $1,728.5 million [9] - Agnico Eagle Mines Limited (AEM) reported adjusted earnings of $1.94 per share, up from $1.07, with revenues of $2,816.1 million, a 35.6% increase year-over-year [10] - Newmont Corporation (NEM) reported adjusted earnings of $1.43 per share, up from $0.72, with revenues of $5,317 million, a 20.8% increase from the prior year [11]