Ryman Hospitality (RHP) Earnings Call Transcript
The Motley Fool
by newsfeedback@fool.com (Motley Fool Transcribing)February 24, 2026
AI-Generated Deep Dive Summary
Ryman Hospitality (RHP) delivered a strong financial performance in its latest earnings call, exceeding expectations across both its hotel and entertainment segments. The company reported full-year adjusted FFO above the high end of prior guidance, driven by robust hospitality portfolio performance and record-breaking results in its entertainment division. Key highlights include a 14% increase in ICE ticket sales to 1.5 million tickets sold—a new portfolio record—and same-store hospitality revenue reaching its highest-ever quarterly total, fueled by holiday demand and increased leisure travel. The company also saw significant growth in group bookings, with over 1.2 million gross group room nights booked for future years, marking an all-time high in December.
Liquidity remains a strong point of contention for investors, with the company holding $471 million in unrestricted cash at quarter-end and total available liquidity increasing to approximately $1.4 billion after refinancing its credit facility. This financial stability has allowed RHP to maintain a favorable net leverage ratio of 4.3x and secure a credit rating upgrade from Fitch, which reduced interest margins on its Term Loan B. The company also reaffirmed its commitment to returning value to shareholders through a 100% payout of REIT taxable income via dividends, with the first-quarter dividend set at $1.20 per share.
Ryman’s entertainment segment continued to shine, posting nearly 12% year-over-year revenue growth and adjusted EBITDAre up by nearly 13%. The Opry programming delivered record monthly revenue in October, further solidifying its position as a key driver of the company’s success. Meanwhile, the hospitality sector
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Originally published on The Motley Fool on 2/24/2026