ROYAL GOLD INC
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 5, 2026
RGLD$274.57-2.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
(Unaudited, amounts in thousands)
| Nine Months Ended | ||
|---|---|---|
| September 30, 2026 | September 30, 2025 | |
| Cash flows from operating activities: | ||
| Net income | $747,362 | $377,857 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation, depletion and amortization | 269,079 | 97,051 |
| Non-cash employee stock compensation expense | 10,170 | 8,853 |
| Fair value changes in equity securities | (12,151) | 35 |
| Gain on sale of marketable securities | (15,361) | — |
| Deferred tax benefit | (14,849) | (8,085) |
| Gain on settlement of Relief Canyon fixed obligation | (2,575) | — |
| Other | 4,313 | (4,163) |
| Changes in assets and liabilities: | ||
| Royalty receivables | (27,191) | (6,240) |
| Stream inventory | (5,661) | (8,036) |
| Income tax receivable | (27,521) | (19,666) |
| Prepaid expenses and other assets | 905 | (1,219) |
| Accounts payable | (5,960) | 3,719 |
| Income tax payable | 49,011 | 17,919 |
| Other liabilities | 3,542 | 5,116 |
| Net cash provided by operating activities | $973,113 | $463,141 |
| Cash flows from investing activities: | ||
| Acquisition of stream and royalty interests | (51,048) | (1,164,483) |
| Proceeds from the sale of marketable securities | 50,910 | — |
| Loans to Artmin | (84,700) | — |
| Proceeds from the sale of inventory - restricted | — | 7,681 |
| Other | (274) | (161) |
| Net cash used in investing activities | $(85,112) | $(1,156,963) |
| Cash flows from financing activities: | ||
| Repayment of debt | (750,000) | (50,000) |
| Borrowings from revolving credit facility | — | 825,000 |
| Net payments from issuance of common stock | (5,615) | (4,856) |
| Net proceeds from Sandstorm option exercises | 23,482 | — |
| Common stock dividends | (120,779) | (88,885) |
| Stock repurchase | (79,385) | — |
| Distributions to non-controlling interests | (4,829) | (7,336) |
| Other | (56) | (2,750) |
| Net cash (used in) provided by financing activities | $(937,182) | $671,173 |
| Net decrease in cash and equivalents | (49,181) | (22,649) |
| Cash and equivalents at beginning of period | 233,719 | 195,498 |
| Cash and equivalents at end of period | $184,538 | $172,849 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.