Ryman Hospitality Properties (RHP) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Ryman Hospitality Properties published the results on November 2, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Ryman Hospitality Properties reports EPS two ways: GAAP, under the accounting rules every US filer follows, and AFFO per diluted share/unit, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Ryman Hospitality Properties is a REIT. Revenue here is the line it calls total revenue; the adjusted per-share figure is Adjusted FFO (AFFO) available to common stockholders and unit holders per diluted share/unit.
• Ryman Hospitality Properties reports in thousands. Figures here are in millions to one decimal.
• Same-store Hospitality excludes JW Marriott Desert Ridge, acquired June 10, 2025, and Grande Lakes Orlando, acquired September 1, 2026. Q3 2026 weighted average shares include about 5.9 million shares issued on August 12, 2026.

Source: Ryman Hospitality Properties Q3 2026 results, November 2, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Ryman Hospitality Properties splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Ryman Hospitality Properties's Hospitality revenue was $563 million in Q3 2026, up 12% from $501 million in Q3 2025, 86% of total revenue.
• Ryman Hospitality Properties's Entertainment revenue was $93.0 million in Q3 2026, up 2% from $91.6 million in Q3 2025, 14% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

The release gives updated full-year 2026 ranges in a table, including same-store Hospitality RevPAR growth of 4.50% to 5.50% and Adjusted FFO available to common stockholders and unit holders of $9.16 to $9.43 per diluted share/unit.

In its Q3 2026 release, Ryman Hospitality Properties said:

“The Company is updating its 2026 business performance outlook based on current information as of November 2, 2026.”

“We are pleased to raise the midpoints of our 2026 guidance ranges to reflect performance in our same-store Hospitality business, partially offset by lower Entertainment expectations related primarily to the closure of the General Jackson Showboat.”

“At the midpoint of our outlook, AFFO per diluted share is expected to grow approximately 10% year over year.”

Source: Ryman Hospitality Properties Q3 2026 release, Nov 2, 2026.

This is the company's own guidance as of Nov 2, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the RHP forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Total revenue and GAAP net income available to common stockholders per diluted share, each as first reported in that quarter's release.

We do not hold a confirmed date for Ryman Hospitality Properties's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 2, 2026

Ryman Hospitality Properties reported total revenue of $655.8 million in Q3 2026, up 10.7% from $592.5 million. The Hospitality segment, its group-oriented convention resorts, brought in $562.8 million, and the Entertainment segment $93.0 million. By type, hotel revenue was $219.4 million from rooms, $270.3 million from food and beverage and $73.1 million of other hotel revenue, so food and beverage was a larger line than rooms. (Ryman Hospitality Properties Q3 2026 release (Form 8-K, Exhibit 99.1), Nov 2, 2026; Ryman Hospitality Properties Form 10-Q, quarter ended September 30, 2026, Nov 3, 2026)

Ryman Hospitality Properties' core holdings are upscale, meetings-focused resorts managed by Marriott under the Gaylord Hotels and JW Marriott brands. In the quarter Gaylord Opryland in Nashville was the largest at $125.0 million of revenue, followed by Gaylord Rockies at $86.1 million and Gaylord National at $82.9 million. Grande Lakes Orlando, bought on September 1, 2026 for approximately $1.38 billion, added $22.0 million in its first month. (Ryman Hospitality Properties Form 10-K, year ended December 31, 2025, Feb 24, 2026; Ryman Hospitality Properties Form 10-Q, quarter ended September 30, 2026, Nov 3, 2026)

Same-store Hospitality revenue rose 8.0% to $501.8 million. Occupancy rose to 70.3% from 67.3% and ADR rose 3.3% to $266.63, lifting RevPAR 7.9% to $187.49 and Total RevPAR 8.0% to $477.82. Ryman said banquet and AV revenue per group room night rose 9.7%, while attrition and cancellation fee revenue fell by $2.8 million to approximately $8.8 million. (Ryman Hospitality Properties Q3 2026 release (Form 8-K, Exhibit 99.1), Nov 2, 2026)

The Entertainment segment is Opry Entertainment Group (OEG): the Grand Ole Opry, the Ryman Auditorium, WSM-AM, Ole Red and Category 10 venues, and Block 21 in Austin. Its revenue rose 1.5% to $93.0 million while its operating income fell to $7.0 million from $11.8 million. In September 2026 Ryman decided to stop operating the General Jackson Showboat by December 31, 2026, and took an impairment charge of $4.9 million. (Ryman Hospitality Properties Form 10-Q, quarter ended September 30, 2026, Nov 3, 2026; Ryman Hospitality Properties Q3 2026 release (Form 8-K, Exhibit 99.1), Nov 2, 2026)

Ryman Hospitality Properties' net income available to common stockholders was $40.2 million, or $0.58 per diluted share, against $34.9 million, or $0.53. As a REIT it also reports FFO and Adjusted FFO, which add back depreciation and amortization ($83.2 million in the quarter) among other items: AFFO available to common stockholders and unit holders was $121.5 million, or $1.79 per diluted share/unit, against $1.63. (Ryman Hospitality Properties Q3 2026 release (Form 8-K, Exhibit 99.1), Nov 2, 2026; Ryman Hospitality Properties Form 10-Q, quarter ended September 30, 2026, Nov 3, 2026)

Ryman Hospitality Properties issued approximately 5.9 million shares at $117.00 on August 12, 2026 and placed $700 million of 6.250% senior notes due 2035 to pay for Grande Lakes Orlando. The new shares are in the quarter's per-share figures: AFFO rose 14.3% and AFFO per share 9.8%. Basic weighted average shares were 66,307 thousand, against 63,000 thousand. (Ryman Hospitality Properties Q3 2026 release (Form 8-K, Exhibit 99.1), Nov 2, 2026; Ryman Hospitality Properties Form 10-Q, quarter ended September 30, 2026, Nov 3, 2026)

Ryman Hospitality Properties pays REIT dividends of at least 100% of REIT taxable income annually and paid $1.20 per share on October 15, 2026. Its taxable REIT subsidiaries recorded an income tax benefit of $6.4 million in the quarter, against $3.6 million. At September 30, 2026 total debt was $4,659.3 million and unrestricted cash $348.2 million. (Ryman Hospitality Properties Q3 2026 release (Form 8-K, Exhibit 99.1), Nov 2, 2026; Ryman Hospitality Properties Form 10-Q, quarter ended September 30, 2026, Nov 3, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Ryman Hospitality Properties publishes full-year guidance in each release. On November 2, 2026 it raised the midpoints of its 2026 ranges: same-store Hospitality RevPAR growth to 4.50% to 5.50% from 3.50% to 4.50%, and AFFO to $9.16 to $9.43 per diluted share/unit from $8.90 to $9.26. It lowered Entertainment Adjusted EBITDAre guidance to $120.0 to $124.0 million, mainly because of the General Jackson Showboat closure. (Ryman Hospitality Properties Q3 2026 release (Form 8-K, Exhibit 99.1), Nov 2, 2026)

Ryman Hospitality Properties' CEO said same-store group rooms revenue pace for 2027 and 2028 improved during the quarter. Ryman booked over 653,000 same-store gross definite room nights for future periods in Q3 2026, at an estimated average daily rate of approximately $293. (Ryman Hospitality Properties Q3 2026 release (Form 8-K, Exhibit 99.1), Nov 2, 2026)

A consensus figure is the average of the models published by the analysts who cover Ryman Hospitality Properties, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Ryman Hospitality Properties's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning RHP is on is RHP a buy or a sell?, what analysts expect next is on the RHP forecast, and what the company does is on the Ryman Hospitality Properties (RHP) stock page.

Every number on this page can be traced to a document Ryman Hospitality Properties published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.