Ryman Hospitality Properties, Inc. (RHP) Q3 2025 Earnings Call Transcript
RevPAR and total RevPAR index Achieved approximately 141% and 195% of fair share relative to Marriott-defined competitive set. This indicates a strong performance in the hospitality portfolio.
Banquet and AV revenue Declined approximately $14 million year-over-year due to a decrease in corporate group room nights. However, contribution per group room night exceeded expectations, indicating healthy group spending.
Outlet sales per occupied room Increased nearly 13% year-over-year, driven by higher leisure demand, better-than-anticipated corporate group volumes, and recent capital investments.
Total revenue for Gaylord National and Gaylord Rockies Achieved a third-quarter record, with Gaylord Rockies recording its second-best total revenue quarter of all time.
Leisure room nights at Gaylord Opryland Increased more than 5% year-over-year, with leisure ADR slightly lower but better than expected.
OEG third-quarter revenue Approximately $92 million, with adjusted EBITDAre of approximately $25 million. Growth was driven by investments in Category 10 and Block 21, partially offset by softer volumes in downtown Nashville venues.
Adjusted EBITDAre for Entertainment segment Expected to grow approximately 6% year-over-year, with a midpoint of $112 million, representing 12% annualized growth since 2019.
Same-store gross group room nights booked Up 9% year-over-year for all future years, with ADR on bookings at an all-time high, up nearly 3% year-over-year.
Pro forma net leverage ratio 4.4x based on total consolidated net debt to adjusted EBITDAre, assuming full-year contribution from JW Marriott Desert Ridge.
Capital expenditures in 2025 Expected to range between $375 million to $425 million, including investments in JW Marriott Desert Ridge, JW Marriott Hill Country, and Category 10 Las Vegas.
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Income Investors Face Choices Amid Rising Treasury Yields
- UnitedHealth Membership Loss: The company anticipates losing up to 2.8 million members due to rising medical costs, resulting in a 20% drop in stock price following its Q4 earnings release, reflecting market concerns over profitability.
- Ryman's Performance Decline: Ryman Hospitality Properties reported a 15.5% drop in adjusted funds from operations (AFFO) per unit in Q3, primarily due to planned renovations and an increase in short-term cancellations, although bookings are up nearly 8% this year.
- ONEOK's Significant Earnings Growth: ONEOK's adjusted EBITDA surged 37% year-over-year to $2.1 billion in Q3, driven by contributions from EnLink and Medallion assets, showcasing its enhanced integration capabilities.
- Dividend Safety Analysis: Despite ongoing uncertainties, UnitedHealth's 3.2% dividend remains secure, with last year's free cash flow reaching $16 billion, nearly double the dividend payout, indicating strong financial health.
Analysts Favor These 3 High-Dividend Stocks Amid Market Volatility
Market Volatility Concerns: Investors are increasingly worried about potential volatility in the stock market due to rising gold and silver prices, alongside fears of international sell-offs of U.S. assets, prompting a shift towards more defensive investment strategies.
Ryman Hospitality Properties: Ryman Hospitality, focused on large hotel and resort investments, is noted for its strong dividend yield of 5.07% and a solid cash position, making it an attractive option for investors seeking dividend income.
Black Hills Corporation's Stability: Black Hills Corporation, a regulated utility company, offers reliable electric and natural gas services, with a dividend yield of 3.71% and a sustainable payout ratio, positioning it as a defensive investment in uncertain markets.
Essential Utilities Merger: Essential Utilities is set to merge with American Water Works, creating one of the largest U.S. water service firms, with expectations of significant earnings growth and a dividend yield of 3.55%, enhancing its appeal to investors.
RHP to Release Q4 2025 Earnings on February 23, 2026
- Earnings Release Schedule: Ryman Hospitality Properties will announce its Q4 2025 earnings after market close on February 23, 2026, which is expected to provide key financial data for investors to assess future growth potential.
- Conference Call Details: Management will hold a conference call at 10 a.m. ET on February 24, 2026, allowing investors to dial in at 800-225-9448 to discuss quarterly results, enhancing transparency and communication with shareholders.
- Replay Service: The conference call will be available for replay until March 3, 2026, by dialing 800-688-9445, ensuring that investors who cannot participate live can still access important information, thereby improving information accessibility.
- Webcast Availability: The call will also be webcast on the company's Investor Relations website, further broadening the channels through which investors can obtain information, reflecting the company's commitment to investor relations.
RHP to Release Q4 2025 Earnings on February 23, 2026
- Earnings Release Schedule: Ryman Hospitality Properties will announce its Q4 2025 earnings results after market close on February 23, 2026, which is expected to provide key financial data for investors to assess the company's market performance.
- Conference Call Details: Management will hold a conference call at 10 a.m. ET on February 24, 2026, to discuss quarterly results, allowing investors to dial in at 800-225-9448, thereby enhancing transparency and investor confidence.
- Replay Availability: The conference call will be available for replay until March 3, 2026, by dialing 800-688-9445, ensuring that investors who cannot participate live can still access important information.
- Webcast Accessibility: The call will also be webcast on the company's Investor Relations website, further expanding the reach of information dissemination and improving interaction between the company and its investors.
Ryman Hospitality Properties, Inc. Schedules Earnings Conference Call for Fourth Quarter 2025 on February 24, 2026, at 10 a.m. ET
Earnings Release Announcement: Ryman Hospitality Properties, Inc. will release its fourth quarter 2025 earnings results on February 23, 2026, after market close, followed by a conference call on February 24, 2026, at 10 a.m. ET.
Conference Call Participation: Interested participants can join the conference call by dialing 800-225-9448 with conference ID: RHPQ425, and a replay will be available until March 3, 2026.
Company Overview: Ryman Hospitality Properties specializes in upscale convention center resorts and entertainment experiences, owning several major properties including Gaylord hotels and a controlling interest in Opry Entertainment Group.
Investor Relations Contacts: Key contacts for investor relations include Mark Fioravanti (CEO), Jennifer Hutcheson (CFO), and Sarah Martin (VP, Investor Relations), with their respective contact information provided for inquiries.
Ryman Hospitality Properties Surpasses 200-Day Moving Average - Positive Outlook for RHP
52 Week Range: RHP's stock has a 52-week low of $76.27 and a high of $118.74, with the last trade recorded at $94.99.
Dividend Stocks: The article mentions a link to find 9 other dividend stocks that have recently crossed above their 200-day moving average.
Author's Views: The opinions expressed in the article are solely those of the author and do not necessarily represent Nasdaq, Inc.
Market Insights: The information provided offers insights into RHP's stock performance and market trends related to dividend stocks.
Income Investors Face Choices Amid Rising Treasury Yields
- UnitedHealth Membership Loss: The company anticipates losing up to 2.8 million members due to rising medical costs, resulting in a 20% drop in stock price following its Q4 earnings release, reflecting market concerns over profitability.
- Ryman's Performance Decline: Ryman Hospitality Properties reported a 15.5% drop in adjusted funds from operations (AFFO) per unit in Q3, primarily due to planned renovations and an increase in short-term cancellations, although bookings are up nearly 8% this year.
- ONEOK's Significant Earnings Growth: ONEOK's adjusted EBITDA surged 37% year-over-year to $2.1 billion in Q3, driven by contributions from EnLink and Medallion assets, showcasing its enhanced integration capabilities.
- Dividend Safety Analysis: Despite ongoing uncertainties, UnitedHealth's 3.2% dividend remains secure, with last year's free cash flow reaching $16 billion, nearly double the dividend payout, indicating strong financial health.
Analysts Favor These 3 High-Dividend Stocks Amid Market Volatility
Market Volatility Concerns: Investors are increasingly worried about potential volatility in the stock market due to rising gold and silver prices, alongside fears of international sell-offs of U.S. assets, prompting a shift towards more defensive investment strategies.
Ryman Hospitality Properties: Ryman Hospitality, focused on large hotel and resort investments, is noted for its strong dividend yield of 5.07% and a solid cash position, making it an attractive option for investors seeking dividend income.
Black Hills Corporation's Stability: Black Hills Corporation, a regulated utility company, offers reliable electric and natural gas services, with a dividend yield of 3.71% and a sustainable payout ratio, positioning it as a defensive investment in uncertain markets.
Essential Utilities Merger: Essential Utilities is set to merge with American Water Works, creating one of the largest U.S. water service firms, with expectations of significant earnings growth and a dividend yield of 3.55%, enhancing its appeal to investors.
RHP to Release Q4 2025 Earnings on February 23, 2026
- Earnings Release Schedule: Ryman Hospitality Properties will announce its Q4 2025 earnings after market close on February 23, 2026, which is expected to provide key financial data for investors to assess future growth potential.
- Conference Call Details: Management will hold a conference call at 10 a.m. ET on February 24, 2026, allowing investors to dial in at 800-225-9448 to discuss quarterly results, enhancing transparency and communication with shareholders.
- Replay Service: The conference call will be available for replay until March 3, 2026, by dialing 800-688-9445, ensuring that investors who cannot participate live can still access important information, thereby improving information accessibility.
- Webcast Availability: The call will also be webcast on the company's Investor Relations website, further broadening the channels through which investors can obtain information, reflecting the company's commitment to investor relations.
RHP to Release Q4 2025 Earnings on February 23, 2026
- Earnings Release Schedule: Ryman Hospitality Properties will announce its Q4 2025 earnings results after market close on February 23, 2026, which is expected to provide key financial data for investors to assess the company's market performance.
- Conference Call Details: Management will hold a conference call at 10 a.m. ET on February 24, 2026, to discuss quarterly results, allowing investors to dial in at 800-225-9448, thereby enhancing transparency and investor confidence.
- Replay Availability: The conference call will be available for replay until March 3, 2026, by dialing 800-688-9445, ensuring that investors who cannot participate live can still access important information.
- Webcast Accessibility: The call will also be webcast on the company's Investor Relations website, further expanding the reach of information dissemination and improving interaction between the company and its investors.
Ryman Hospitality Properties, Inc. Schedules Earnings Conference Call for Fourth Quarter 2025 on February 24, 2026, at 10 a.m. ET
Earnings Release Announcement: Ryman Hospitality Properties, Inc. will release its fourth quarter 2025 earnings results on February 23, 2026, after market close, followed by a conference call on February 24, 2026, at 10 a.m. ET.
Conference Call Participation: Interested participants can join the conference call by dialing 800-225-9448 with conference ID: RHPQ425, and a replay will be available until March 3, 2026.
Company Overview: Ryman Hospitality Properties specializes in upscale convention center resorts and entertainment experiences, owning several major properties including Gaylord hotels and a controlling interest in Opry Entertainment Group.
Investor Relations Contacts: Key contacts for investor relations include Mark Fioravanti (CEO), Jennifer Hutcheson (CFO), and Sarah Martin (VP, Investor Relations), with their respective contact information provided for inquiries.
Ryman Hospitality Properties Surpasses 200-Day Moving Average - Positive Outlook for RHP
52 Week Range: RHP's stock has a 52-week low of $76.27 and a high of $118.74, with the last trade recorded at $94.99.
Dividend Stocks: The article mentions a link to find 9 other dividend stocks that have recently crossed above their 200-day moving average.
Author's Views: The opinions expressed in the article are solely those of the author and do not necessarily represent Nasdaq, Inc.
Market Insights: The information provided offers insights into RHP's stock performance and market trends related to dividend stocks.
