Ryman Q3 Revenue Hits Record $655.8M, 2026 Guidance Midpoints Raised
RHP sits 64% above its 52-week low of $83.82.
Summary
Ryman posted record Q3 revenue of $655.8 million and raised 2026 guidance midpoints, with the newly acquired Grande Lakes Orlando contributing its first partial quarter and Entertainment guidance trimmed on the General Jackson Showboat closure.
Key Events · Earnings and Guidance · RHP
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Record Q3 Revenue of $655.8M
Consolidated revenue rose 10.7% year over year to $655.8 million, with same-store Hospitality revenue of $501.8 million and Entertainment revenue of $93.0 million.
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2026 Guidance Midpoints Raised
Adjusted EBITDAre midpoint goes to $933.5 million from $926.5 million and Adjusted FFO per diluted share to $9.29 from $9.08; same-store Hospitality RevPAR growth guidance rises to 4.50%-5.50% from 3.50%-4.50%.
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Grande Lakes Orlando Adds First Month
The September 1 acquisition contributed $22.0 million of revenue and $3.2 million of Adjusted EBITDAre in its partial quarter, with full-year guidance of $30.0-$35.0 million Adjusted EBITDAre.
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Entertainment Outlook Trimmed
Entertainment Adjusted EBITDAre guidance was cut to $120.0-$124.0 million from $120.0-$130.0 million, primarily on the General Jackson Showboat closure.
Analysis · RHP · Real Estate & Construction
Ryman beat its own plan in the third quarter and nudged full-year guidance higher, with the Adjusted EBITDAre midpoint moving to $933.5 million from $926.5 million and Adjusted FFO per diluted share to $9.29 from $9.08. The quarter is the first to include Grande Lakes Orlando, the $1.38 billion acquisition closed September 1, which added $22.0 million of revenue and $3.2 million of Adjusted EBITDAre in just one month. Same-store Hospitality did the heavy lifting: record Q3 RevPAR of $187.49, up 7.9%, and record same-store Adjusted EBITDAre of $169.5 million. The offset is Entertainment, where guidance was cut to $120.0-$124.0 million from $120.0-$130.0 million because the General Jackson Showboat closed. Management also flagged that the raised AFFO per share outlook already absorbs dilution from the 5.9 million shares sold in August to help fund Grande Lakes.
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In the 30 days to Nov 3, 2026, 32.3% of the 2077 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, RHP was trading at $137.20 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $9.2B. The 52-week trading range was $83.82 to $137.46. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.