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Diversified Royalty (DIV) investor relations material
Diversified Royalty Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 revenue rose 72.7% YoY to $31.5M; combined contribution increased 27.2% to $24.9M and distributable cash rose 21.9% to $15.5M.
Q3 net income fell to $5.5M from $8.7M, as higher expenses and impairments outweighed stronger combined contribution.
Financial highlights
Q3 revenue was $31.5M vs. $18.3M; 9M revenue was $70.7M, up 36.6% YoY.
Combined contribution was $24.9M in Q3, up 27.2%, and $65.5M for 9M, up 17.5% YoY.
Distributable cash was $15.5M ($0.0824/share) in Q3 vs. $12.7M ($0.0748/share); 9M cash was $40.6M, up 12.5%.
Net income was $5.5M in Q3 vs. $8.7M; operating cash flow was $9.5M vs. $13.4M.
Outlook and guidance
Mr. Lube + Tires remained on track for 18 new locations in 2026 and estimated adjusted EBITDA contribution of $58.7M for the 12 months after acquisition close.
2027 plans budget 16 new locations; bolt-on acquisition opportunities are under consideration.
The stated objective is predictable, stable monthly dividends, with increases over time as cash flow per share allows.
- Revenue and distributable cash rose, but net income fell on higher costs and an impairment charge.DIV
Q2 2026 - Cheba Hut royalty acquisition drives 10% dividend hike, U.S. growth, and portfolio diversification.DIV
Investor update - Record Q2 2024 adjusted revenue and distributable cash, with stable payout ratio and growth focus.DIV
Q2 2024 - Q3 2024 saw robust revenue and cash growth, with optimism for continued diversified expansion.DIV
Q3 2024 - Q4 revenue and distributable cash rose, but net income fell on impairment losses.DIV
Q4 2024 - Q1 2025 saw revenue growth, higher distributable cash, and a leadership transition.DIV
Q1 2025 - Record Q2 2025 adjusted revenue and cash flow, led by strong royalty partner growth.DIV
Q2 2025 - Strong Q3 2025 results with double-digit revenue growth and a 3.6% dividend increase approved.DIV
Q3 2025 - Revenue, distributable cash, and net income rose, supported by portfolio diversification.DIV
Q4 2025
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