Filing Flows › Empire State Realty OP, L.P. (ESBA) › Q2 2026
Empire State Realty OP, L.P. (ESBA) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Empire State Realty OP, L.P. (ESBA) reported revenue of $197M for the second quarter 2026 (Q2 2026), +3% from a year earlier and +3% from the quarter before. Operating margin was -70.4%, net loss $39.6M (20.1% of revenue).
Empire State Realty OP, L.P., Q2 2026: revenue $197M (+3% year over year), operating margin -70.4%, net loss $39.6M, operating cash flow $19.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $197M | +3% | +3% |
| Operating profit | −$139M | -571% | -495% |
| Net earnings | −$39.6M | -2134% | -483% |
| Operating cash flow | $19.5M | -72% | -27% |
What changed
Revenue was $196.9M in Q2 2026, up 3% year over year and up 3% from the previous quarter.
Operating costs exceeded revenue by $138.7M, an operating margin of -70.4%. Total costs grew 115% against revenue growth of 3%. The fastest-growing cost line was Other operating costs (+126%). The quarter ended with a net loss of $39.6M, after a profit of $3.0M the previous quarter. Non-operating items added $98.4M, -244% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $19.5M (down 27% year over year). Non-cash charges added back $50.4M of depreciation and amortization and $11.2M of share-based compensation. Working capital and other items used $2.5M. Capital expenditures of $31.0M exceeded it, leaving free cash flow of −$11.4M.
Questions
What was Empire State Realty OP, L.P.'s revenue in the second quarter 2026?
Empire State Realty OP, L.P.
Was Empire State Realty OP, L.P. profitable in the second quarter 2026?
Operating loss was $139M (-70.4% of revenue) and net loss $39.6M.